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A broader term that includes all kinds of credits given for buying houses. I translated the Hungarian word literally because I'm not sure how much of that is covered by the Anglo terminology of "mortgage": say if the cover is not the house but having a fixed income and paying for 30% of the house price from the pocket, is that a mortgage?

It started before EU accession probably in the form of delayed payment credits.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Tue Oct 28th, 2008 at 05:33:44 AM EST
[ Parent ]
Lets just say 'real estate credit' to avoid 'mortgage'. It is shocking that the domestic credit has gone negative.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Oct 28th, 2008 at 06:47:14 AM EST
[ Parent ]
Since real estate would include commercial interests, too, what about homeowner credit?

As for domestic-denominated credit going negative, what does that mean at all? Interest payments, or (early) repayments (refinancing)?

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Tue Oct 28th, 2008 at 07:54:10 AM EST
[ Parent ]
Well, this is 'household credit after all' - but a precise term is a bit beside the point.

I have no idea how net debt can be negative - as it has been since 2006.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Oct 28th, 2008 at 10:26:04 AM EST
[ Parent ]

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