From: "Tim" 
Newsgroups: uk.politics.misc uk.finance uk.politics.economics
Subject: Re: "Its different this time". They said the same before and during the last crash.
Date: Sun, 27 Nov 2005 13:00:37 +0000 (UTC)

> > > "Tim" wrote
> > > > What would be the problem with (say) GBP
> > > > 100 trillion debt, if interest rates were 0.00% ?!
> > >
> > "Andy Pandy" wrote
> > > None if lenders never ever demanded
> > > capital repayments. Unfortunately most do.
> >
> "Tim" wrote
> > Never heard of an "interest-only mortgage"?  ;-)
>
"Andy Pandy" wrote
> Not one where the lender never requires the capital to be repaid.

That's not a problem.  Repay when you sell.
[With interest rates staying down at 0%, there's not much reason for prices
to have dropped!]