Did you read all of that before you linked it weatherall? I scrolled won to the photo of the Magnussons, the caption which read: "The Magnussons have been left with a mortgage far larger than their original home loan".
Then I read on:
"I've been paying every month for 150 months and I owe much more than I borrowed," says IT specialist and reindeer hunter Theodor Magnusson. "I borrowed 6m Krona (£28,850) and I now owe 9.7m Krona (£46,642). And I've already paid around 5m Krona (£24,000) in these twelve-and-a-half years."
"It really makes me feel angry and sad because, you know, the country is made of people, the nation is made of people, and societies are made by people, for people. But now it seems like banks are running societies and that is horribly wrong."
In many ways Iceland is a victim of its own success. Its standards of living are still very high and in order to maintain them in a post-economic crisis world, many here have two or three jobs. Working a 60-70 hour week is not unusual.
Tax rises
Neil McMahon has been in Iceland for 38 years. He is a teacher, tour guide and translator. Even with 35 years of teaching experience, he only earns £24,000 per annum. That is not enough to afford a comfortable life in Reykjavik.
"I think for an outsider maybe just reading articles in the newspapers or watching brief coverage of Iceland on the TV, they might be fooled in thinking Icelanders have managed to extricate themselves very effectively from this crisis," Mr McMahon says.
Neil McMahon Teacher Neil McMahon says that behind the headlines many are struggling to make ends meet
"However, there are still a lot of problems, and particularly with the younger generation; people who had huge mortgages and are now trying to deal with this situation."
Polls suggest that many here are disappointed with the current coalition government which took power at the height of the crisis. And as is often the case in politics, the party which inherits the mess does not always get much credit for cleaning it up.
"We faced this large gap in the public finances, so we had to increase taxes," Iceland's Finance Minister Katrin Juliusdottir says. "We have made difficult decisions, some were good, some were not that good, but overall I think we are well on the way to becoming a very strong economy again."
The collapse of Iceland's major banks in 2008 dragged the public finances down and caused the worst economic rupture seen in Europe since WWII. The Krona fell 50% against all major currencies, unemployment, hitherto unheard of, soared to 10% and money flew out of the country at an alarming rate."
You think that sounds good?