I think, Skarpi, that if the problem is so bad, you will find there won't be any foreclosing on homes - arrangements will be worked out somehow, because with so small a population, empty homes that no one can afford to buy will be a worse problem for mortgage holders than occupied homes whose owners can't pay all that the mortgage holders say they should.

It may look bleak, but hang on. Worst come to worst, it is only a two hour flight from Iceland to Nova Scotia; we are Northern neighbours and there must be something we can do, when we know what that might be.