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	<title>Comments on: Will the US recession begin a Global recession</title>
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	<link>http://www.totalnoid.com/2007/10/08/will-the-us-recession-begin-a-global-recession/</link>
	<description>Random Noid Musings</description>
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		<title>By: CHESSNOID</title>
		<link>http://www.totalnoid.com/2007/10/08/will-the-us-recession-begin-a-global-recession/comment-page-1/#comment-517</link>
		<dc:creator>CHESSNOID</dc:creator>
		<pubDate>Tue, 09 Oct 2007 21:38:57 +0000</pubDate>
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		<description>Hey Andy,
It is similar here but more like 10 to 20 times the average wages.  The mortgages here are special made loans but is equivalent to a ticking time bomb.  Usually, they blow up in 24 months if not diffused by a refinance to a regular loan.</description>
		<content:encoded><![CDATA[<p>Hey Andy,<br />
It is similar here but more like 10 to 20 times the average wages.  The mortgages here are special made loans but is equivalent to a ticking time bomb.  Usually, they blow up in 24 months if not diffused by a refinance to a regular loan.</p>
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		<title>By: Andy Bailey</title>
		<link>http://www.totalnoid.com/2007/10/08/will-the-us-recession-begin-a-global-recession/comment-page-1/#comment-513</link>
		<dc:creator>Andy Bailey</dc:creator>
		<pubDate>Tue, 09 Oct 2007 10:44:21 +0000</pubDate>
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		<description>I think interest rates on mortgages are being affected the world over, we&#039;re still waiting for it in London where the average house price is more 5 times the average wage, sometimes up to 10 times an average wage!

things will go pop soon, mind you, they&#039;ve been saying that for ages. a house bought for 99k 8 years ago is now going for over 500k and houses are still going up in price. 

yuk, I&#039;m gonna buy a tent

&lt;em&gt;Andy Bailey&#039;s last blog post..&lt;/em&gt;&lt;a href=&#039;http://feeds.feedburner.com/~r/Fiddyp/~3/167363036/&#039; rel=&quot;nofollow&quot;&gt;FiddyP Contest - Who Wins?&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>I think interest rates on mortgages are being affected the world over, we&#8217;re still waiting for it in London where the average house price is more 5 times the average wage, sometimes up to 10 times an average wage!</p>
<p>things will go pop soon, mind you, they&#8217;ve been saying that for ages. a house bought for 99k 8 years ago is now going for over 500k and houses are still going up in price. </p>
<p>yuk, I&#8217;m gonna buy a tent</p>
<p><em>Andy Bailey&#8217;s last blog post..</em><a href='http://feeds.feedburner.com/~r/Fiddyp/~3/167363036/' rel="nofollow">FiddyP Contest &#8211; Who Wins?</a></p>
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