Wednesday 26 July 2017

Writing off debts is not fair to the rest of us

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.

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