Why the British Economy Will Plunge Into Depression

From the first link:

So the UK lenders only gave 28 year terms and 8.5 income multiples?? Paragons of prudence compared to our lot, yet another reason to suspect the housing crash will be worse here.

In 2003 I was able to get a 30 year loan in the UK without any problem. I suspect it only went upwards after that. I also reckon that by the end of this year, that house I sold last year will be worth less than what I paid for it in 2003. Time will tell.