US Citizens Beware.
The US house prices are falling so if you’ve borrowed money against your house you could be in trouble!
If you were expecting the house prices to continue rising then just be cautious. Many people are borrowing money against their homes in the hope it will increase in value. If the house prices continue to plummet you could find yourself owing more money than your house is worth.
I’m personally very nervous about the markets at the moment because there appears to be too much complacency.
The Nasdaq has seen some impressive growth recently but could things be about to fall? That’s the view of many economists so be careful.
James Alliss.
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