All I remember about the last 'proper' recession w...

2008-06-05T17:19:00.000Z

All I remember about the last 'proper' recession was buying a flat for £87,000 and three years later having it valued at £65,000 and ending up with a mortgage on my new house that was more than the property was worth.

But in day to day terms it made no difference and it won't next time - unless you are forced to sell up.

Mind you, it's now worth three times what is was back then so it all worked out in the end for us, but we were luckier than many because I stayed in work throughout.

Comments on Marcus Wood: The Economy - Just how bad could things get?I have...

All I remember about the last 'proper' recession w...