Why can no one be positive on this forum.

mewbie_2

And back to topic. I am 100% positive. Slight fears about work and how well it will survive a recession, but otherwise everything is great.

Thanks for asking.

justpurchased

I have just fallen over.:eek: :cheesy:

Pobby

Well not finding a lot to be positive about at the moment. House builders on the floor, property prices clearly dropping, higher fuel and food costs, a pile of people with debt , a housing market that has all but stopped ( no surprise there ) all against a background of little wage inflation. I find it strange that the nightmare scenario of the banks running out of cash has been so played down. To top it all we have Alister Darling who`s gonna sort it out.

To tell the truth, as someone who has witnessed down turns before, this one really scares me. I can`t remember a time when interest rates were so low, certainly didn`t happen in the 70`s or 80`s. I certainly do not remember a time when there was so much unsecured borrowing going on. In my living memory this is uncharted territory.
It`s interesting that friends of mine, not many years to go to retirement, have agreed with me over the last 8 years ago that we were in a time when all we could describe it was as the economics of the mad house.

Jumping_Bean

justpurchased: Why when people talk about falling house prices do you assume this is negative? I think falling prices is a good and very necessary thing. I see the huge rises that have lead up to this point as bad.

wymondham

justpurchased wrote: »

Not all people are going to be effected by the credit crunch so they can be positive surely.

Depends what you call the 'credit crunch'. If it's obtaining a mortgage etc, then no, not all are effected, but some broaden the term to include increases in fuel/food, and this does effect everyone - directly and indirectly.

I am positive about all this, house prices will fall and young people will be able to buy once again....

ultra10

justpurchased wrote: »

Why if you respond in a positive way people try to make out you are an idiot.
Not all people are going to be effected by the credit crunch so they can be positive surely. It is only a point of view after all.

Because it is irritating having to listen to people who are either trying to mislead while pretending to be "positive" ..i.e Politicians or EA's or perhaps more likely are ignorent of The Macro Economics facing this Country...Thats why... But i dont really care anymore as it is not my money !!! :j

So go on people.. buy that big House (or not so big) you have always dreamed of, infact why not buy a Shogun 4x4 & have a nice Holiday in the Caribean for 3 wks to celebrate..Live a little !!... Credit Crunch? Recession?.... Nah !!! Just scaremongering !!!... Max out the plastic also ..!! There is no chance of any of you being out of work in the next 2 yrs afterall !!... :rolleyes:

Generali

justpurchased wrote: »

Why if you respond in a positive way people try to make out you are an idiot.
Not all people are going to be effected by the credit crunch so they can be positive surely. It is only a point of view after all.

He started it. Tell hiiiim.

lostinrates

justpurchased wrote: »

Not all people are going to be effected by the credit crunch so they can be positive surely. .

Pretty much everyone who deals in money will be efected by the credit crunch IMO.

If you don't have a mortgage but have a bank account your interest rates might be effected, charges may well become more common etc etc. If you work you might need to consider your wage is likely to be outstripped by inflation, that competition for your job is raised meaning you have to work hard to impress the boss to take home what feels practically 'less'. If you buy stuff, it might well be on sale because they can't shift it, or it may be more expensive because the cost of producing it is higher. If you use services the cost of those services is going to increase to cover the increased inflation and more restricted access to credit.

Nevertheless I do remain as positive as I can. My DH is in relatively secure employment, we are not paying a mortage yet and house prices are dropping. We have been playing bank account chequers...hopping about for good interest rates and relative security and are in the process of reanalysing our (increased)savings, spends and costs and shaving them down further and taking financial advise from an IFA. For us life seems more positive despite the increased pressures on our wallet, but it would be horrifically insensitive and, for me anyway-out of character, to not look at the wider picture and feel sorry for people less well placed than us.

Natan358

justpurchased wrote: »

Why if you respond in a positive way people try to make out you are an idiot.
Not all people are going to be effected by the credit crunch so they can be positive surely. It is only a point of view after all.

Of course there are positive points, everything has a negative and positive point, but im pretty sure that everyone will be affected by the crunch,give it abit more time and some things will be cheap as chips to buy which is excellent, but interest rates will get worse for borrowing which unfortunately affects nearly everyone in britain does it not? How much is Britain in debt is all you need to ask to see that. all depends how you look at things, but its Yin and Yang my friend

wymondham

Natan358 wrote: »

all depends how you look at things, but its Yin and Yang my friend

OK, let's go find Yin and Yan and sort them out ....!!!:rotfl: