To be sure, these financing vehicles have their appropriate uses. But some households may be employing these instruments to purchase homes that would otherwise be unaffordable, and consequently their use could be adding to pressures in the housing market. Moreover, these contracts may leave some mortgagors vulnerable to adverse events.
From my point of view, it is vital for the new member countries to perform catching-up real growth that permits their income-per-capita levels to gradually approach the average income level in the present EU member countries.