Writing off debts is not fair to the rest of us
Published 09/04/2011 | 05:00
While I don't want to see people put to unnecessary hardships, I have to say that the current suggestion by a number of parties to write off people's debts when they sell their houses for instance, is neither fair nor equitable.
If the Government does what is stated above, could I buy a house safe in the knowledge that if the price fell, I could sell it for whatever it happened to be worth at that time and write off the mortgage loss?
Sounds great! A risk-free investment is what we all want.