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Couple set for repossession - BBC

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Comments

  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Be interesting to see whether this credit crunch ushers in a new era of (enforced) financial prudence and planning, and whether it gets forgotten quickly again once things settle down.

    Things aren't about to 'settle down' any time soon I'm afraid. We still haven't seen the worst of what is going to happen. In fact, it's a bit like we're still in the 'phoney war' that preceded WW2.

    By the time we get out the far side, people will be a lot more realistic about the value of money and the risks of borrowing. However, I'm pretty sure it'll only take a few years of economic boom again after that before people once more throw all caution out the window.

    There will be a new generation along to make all the same mistakes again and human greed dictates the banks and lenders who should have longer memories and more sense will get back on board the lending train.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite

    One thing that is noticeable in this article is the determination that it's Someone Else's Fault.

    "We were stitched up with the original mortage deal." and " They took advantage of the situation we were in at the time, and now we are paying for it"

    Yes, that attitude is prevalent these days. However, IMO it's more than just mass stupidity and poor eduction. If you look at what the government has been doing over the last decade it's clear that they have been building a culture of dependency.

    The deal is you shut up and don't ask any difficult questions and in return the government takes care of everything whilst taking away more of your rights along with those pesky responsibilities. It seems to have been embraced with vigour by most of the population - and all that lovely easy credit and HPI has certainly helped with the "Don't think about things too much" society.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • luvpump
    luvpump Posts: 1,621 Forumite
    Part of the Furniture Combo Breaker
    teabelly wrote: »
    Interesting to note in the travel programme on BBC4 which showed snippets from Holiday 88 there were hardly any fat people on the beach. Just one woman with a biggish tum. She was probably only a size 14 at most. She was the fattest there! These days she would have looked like a stick insect next to the heffers that walk around on public beaches these days. The modern bloke and their big fat beer gut isn't any better.
    I was out in a night Club last weekend, essentially on the hunt for a one night stand, I could not see a single "Lady" who wasn't at the very least overweight..Which is a real turn off for me, I have a good hit ration in this area, but ended up having to turn to an Ex of mine that evening...Not ideal .
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    meester wrote: »
    'Pardon' said the religious education teacher (who did hear, but obviously didn't want to discuss it).



    BTW, there is some debate about the Virgin Mary being a virgin, I believe the original Hebrew can be read not just as 'virgin', so it's not clear that she wasn't knocked up after all.

    To be fair, I'm not sure I'd want to discuss that with a group of 14 year olds either (-:

    You are right about hte debate over the word "Virgin", but it's Greek not Hebrew - the OT is in Hebrew, the NT in Greek.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Gangstabird
    Gangstabird Posts: 1,920 Forumite
    Luvpump, I bet you are carp (intended) in bed anyway, with an attitude like, not suprised you're still looking ...............luv!!:beer:
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Hey don't knock it, we don't all want stick insects you know, some of us like a few feminine curves... :blushing:

    Yes, but there's feminine curves (the sort you have if you are 5 ft 7 and heading towards 10 stone, like me) and built like the brick "poo" house.

    The great thing about average weights going up is that you can be a bit larger than idea (like me, again) and feel skinny!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Pobby wrote: »
    I was hearing today about the sucides and family breakdown caused by the last recession. Friends, that is a real tragedy.

    It certainly is. But I'd have a lot more sympathy if they didn't try to make out they were innocent victims with no responsibility.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    JonnyBravo wrote: »
    and those are feminine curves in the OP??

    :rotfl:

    Oy, you calling me fat?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Pobby
    Pobby Posts: 5,438 Forumite
    But I can hear it now. Go on, buy. If you don`t you will deffo miss the boat.And interest rates will be down to one 8th of a percent next year. Oh and we will give you all that extra cash so you can get a plasma floor and a laminate TV. And anyway, you are so worth it!!!!!
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I used to live in Boggers for what its worth. Property down there is absurdly over valued and few people have any realistic idea of how much. An average wage for that region is probably about £22k and a 3 bed house in a working class street was going for around £200k at the peak.

    Theres a flood of 3 beds coming on at about £175 in the sub-prime bits now, areas like that are going to be very hard hit.

    I shudder to think what they paid for that flat
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