I just hope the house price market cools and goes back to a reasonable value, because people think they can borrow as much as they want because hey, if i sell the house im coverd. If people would think a bit more, you should try and keep debt to a level that if you had to, you could pay off in 6 months WITHOUT selling your home. If everyone did that i suppose the econmy would collapse, so its up to us smart ones to do that and not be caught out when the house market does cool. just my 2 cents