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Equity trap turns homes into prisons

Language: English Series: Daily Telegraph ; 8 August 1994, 5(1)Publication details: 1994Subject(s): Summary: A survey by the Joseph Rowntree Foundation finds that 1m homes are affected by negative equity and that up to a quarter of owners cannot afford to move because of insufficient equity.

A survey by the Joseph Rowntree Foundation finds that 1m homes are affected by negative equity and that up to a quarter of owners cannot afford to move because of insufficient equity.