Zombie Households

Zombie Households
Property owners who are dangerously indebted while still in possession of their homes.

Predicting a continuing fall in house prices in Britain, Edmund Conway wrotein The Telegraph:

Many homeowners have survived the first couple of years of the crisis because the Bank [of England] reduced interest rates so much. But they will suffer gradually as the Bank starts to lift rates. According to Fathom Consulting, this confluence of potential foreclosures and defaults could be a major issue for the UK economy next year. Others suspect that this means we could see the rise in the numbers of “zombie” households– those who are crippled as the cost of their debt rises, but not in so much trauma that they actually lose their homes.


Dictionary of unconsidered lexicographical trifles. 2014.

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