Another factor is the fixed term debt. I reading I think the Evening Standard about how to lose your shirt with commercial properties. These are some goodies yet to come. When these mature in the next couple of years folk will find that the loan is more, much more in fact than the value of the property. There was a story of how some property in London was sold at about 40% loss, but the consensus was this was a good deal as later on it will be much worse when everyone dumps their assets.

How that will play out for the man in the street I don't know. Does anyone here have an idea how that sort of commercial problem will bounce back and hit us?