>>> The bank has no way to force you to pay the mortgage. At least around 
>>> here. They'll just take whatever's left.
>>
>> In other words, everything I own that has some kind of liquidity.
> 
> No. The house you mortgaged. Read your mortgage. It'll likely tell you 
> what you mortgaged.

Uhuh. And if the house doesn't even exist any more...?

>> Besides, don't they just throw you in jail indefinitely if you have no 
>> money? These are banks we're talking about here; they *always* get 
>> their money back.
> 
> Uh, I'm pretty sure that was gone by the Victorian era.

That's news to me.

>> 2. House prices appear to start at around £300,000 or so. The very 
>> best, most unobtainable jobs pay £30,000/year. That's a pretty friggin 
>> huge gap.
> 
> You need a better job.

Which part of "I know" are you not getting? ;-)

-- 
http://blog.orphi.me.uk/
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