From: "Zoe Brown" 
Newsgroups: uk.finance
Subject: Re: over 100% mortgage
Date: Tue, 02 Aug 2005 12:55:52 GMT


"Ronald Raygun"  wrote in message 
news:79JHe.81254$G8.30747@text.news.blueyonder.co.uk...
> Tim wrote:
>
>> "Zoe Brown" wrote
>>> Not if you have debts !!!
>>
>> Debts and *no* assets?
>>
>> If you *did* have assets -- eg a house which you could down-size from, or
>> a car you could have sold (& thereafter used public transport) -- then
>> "adapting your lifestyle" could have involved selling the assets to pay
>> off the debts....
>
> Perhaps the debts were student loans, and the asset was an education.
> How do you sell that?

Absolutley thanks. Two educations, two sets of debts and who cares. We are 
now debt free and have the mortgage.