Will JUNK BONDS, otherwise known as sub-prime (for that read sub standard loans) really impact in SA. the latest I hear is that with a 50% rise in interest rates in a year and potential future rate rises on the horizon being an Estate Agent just went back to be the tough job it alsways was and that by next April the full impact of the higher costs will be really hurting all those who have over extended themselves.
So if you have cash, or the resources to borrow, hold firm and that house or second hand car you want may be a heck of a lot more accessible in 2008.