Price of holding on to your home
Nobody can be complacent about the figures that show 55,000 mortgages are in arrears for more than three months. And nobody can be unaware of the ocean of pain and anxiety of which the figure only indicates the surface.
At a guess, albeit an informed guess, 20,000 of the loans will never be repaid and the nightmare of losing one's home will become a reality for many.
But none of this comes anywhere near justifying the hysteria among the "chattering classes".