This all sounds pretty trivial when I think back to:
a) the 14.5% interest rate I was paying on my mortgage back in 1989,
b) the £10,000 I paid out on the mortgage while my home sat empty for a year after I moved abroad to work just as the property market in the UK crashed and my buyer pulled out the week I left.
c) the fact that 100% of what I earned in France in that year went to paying my UK mortgage on a home I could neither sell nor let - I was only able to survive because my host family let me stay with them rent free and I was working in a restaurant business so I could eat for free too.
d) the fact that when I came back a year later and finally sold my house because I had to get a job somewhere else, I received 35% less than the offer I had accepted a year earlier. The only one who didn't lose anything was the bank, which sounds painfully familiar.
I realise this isn't trivial for those who have overstretched themselves on their mortgages, perhaps in trying to make capital gains through the investment potential of housing rather than buying it to satisfy their basic housing needs, but it does put things into some kind of 'perspective'.
The silver lining to this cloud is that the repossession rate is higher among buy-to-let investors than it is among home-owners. That gives me some kind of sadistic pleasure.