The price of house is increase day by day. Yes of course the property value is increase and the people didn’t scare about having more than one house. But the fact is different, since the crisis of economic infected almost all country in the world; house and the mortgage became more serious.
The problems of money effect even the rich and the king of property thing twice in selling. Mortgage is the transfer of an interest in property (or the equivalent in law – a charge) to a lender as a security for a debt – usually a loan of money. While a mortgage in it self is not a debt, it is the lender’s security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.
The mortgage problem will be solved by the time. During the decrease of economic crisis, the economic growth and more stable again. The house is an asset not the liabilities. Mortgage is a problem if you can’t handle it. But the smart people can make this economic crisis as opportunity to be rich, by buying as much as possible houses. And they think the mortgage is not problem anymore.