I can't stand the doom crew anymore

GDB2222

LisbonLaura wrote: »

http://www.marketoracle.co.uk/Article6048.html
tells all, though who will take it onboard?...especially in Scotland

If that is right, then the only thing is to party and wait for the food riots to start.

Cannon_Fodder

So there should be no Doom and Gloom ?

Tell that to Barclays - who need to find £4.9 to £7.5 BILLION, two months after a cash call that raised £4.5 BILLION in July.

Is that all hunky-dorey, nothing to see here...?


Meantime in the real world, on a "Money Saving" site, it seems only right that people try to promote a sensible spending approach, avoidance of over-committing, debt-free attitude etc.


An inability to afford "insert car of choice", is doom and gloom, but that doesn't alter the reality that it is bad Money Saving form to blindly go out and buy one, anyway. Without at least considering the depreciation etc.

Austin_Allegro

Justpurchased, I have some good news for you. The 'Doom Crew' have all been rounded up and taken to Labour Party re-education camps.

After extensive periods of tortu...er...therapy, they have now been returned to the community, and are shambling around with fixed smiles murmuring '....sound fundamentals...well placed...low unemployment...Gordon getting on with the job...get on the ladder...media talking the economy down...' etc.

geoffky

With lower intrest rates all we have is more debt and this nation is sick on debt 1 trillion pounds worth..how will it be paid back? the debt orgy is over and thank god for that..

baby_boomer

justpurchased wrote: »

I agree that house prices need to come down, that is not doom and gloom (well not to me).

That's easy to say to steer clear of argument but....

....20%+ further falls can't be disentangled from the wider economy in the UK because of their impact on banks, builders and consumer confidence. The UK economy has always been too closely linked to house prices.

It might help long term if this changed, but true understanding can only come through real pain .

lostinrates

I get frustrated when this happens. Now every new poster here will be acused of being justpurchased (maybe correctly) and loads of you seem to keep up with who is also who with different log ins, but I can't!

I spent ages wondering who mewbie is after he said he was someone else.

Of course, my typing is so 'individual' it would never work for me.

justpurchased, can't you just argue with us under this name?

mr_magoo_5

I found this forum on house prices the other week whist doing nothing in particular and loved what I read. Its very amusing in a nice kind of way, I love the way peeps vent their feelings, rightly so in most cases and it’s a crying shame, that politicians are not made to read stuff like this, so they could get a grasp of the publics anger.
I’m a lucky one who has been mortgage free, by hard work, since the late seventies.
My first house cost £6000; I see similar properties for £150000. It’s outrageous to be asking a FTB to pay that amount of cash; it simply is not worth it. I, for one, hope prices fall to levels that are truly affordable, so as people, if they want to, go out for a meal etc without worrying if they can afford it this month or not. It’s crazy, this cannot bring happiness into the home, no wonder marriages fail, it’s not always the people, it’s the debt they cannot cope with that drives them apart. Life is to be enjoyed not endured.
I have children and I want them to be able to own their own property but not at any price.
[FONT=&quot]Anyway guys, keep it up, I love reading your thoughts![/FONT]

WTF?_2

mr_magoo wrote: »

I found this forum on house prices the other week whist doing nothing in particular and loved what I read. Its very amusing in a nice kind of way, I love the way peeps vent their feelings, rightly so in most cases and it’s a crying shame, that politicians are not made to read stuff like this, so they could get a grasp of the publics anger.
I’m a lucky one who has been mortgage free, by hard work, since the late seventies.
My first house cost £6000; I see similar properties for £150000. It’s outrageous to be asking a FTB to pay that amount of cash; it simply is not worth it. I, for one, hope prices fall to levels that are truly affordable, so as people, if they want to, go out for a meal etc without worrying if they can afford it this month or not. It’s crazy, this cannot bring happiness into the home, no wonder marriages fail, it’s not always the people, it’s the debt they cannot cope with that drives them apart. Life is to be enjoyed not endured.
I have children and I want them to be able to own their own property but not at any price.
[FONT=&quot]Anyway guys, keep it up, I love reading your thoughts![/FONT]

Well said, Nelson :money:

Max_Headroom_3

!!!!!!? wrote: »

And where's the security when even a small change in financial circumstances could see you repossessed and being chased for thousands of quid of additional debt?

Oh what a terribly antiquated '90s attitude you have !!!!!!, shame on you.

Haven't you heard? All that's been banned by Nu Labour. No more repossession, they're in the mortgage underwriting business now, they'll be round with a chequebook to pay it all off if that happens, no need even to move house.

It's an Utopian world.

dopester

Recent convert to the:

THE DOOM CREW




"The economic times we are facing are arguably the worst they've been in 60 years,"

"And I think it's going to be more profound and long-lasting than people thought."

Alistair Maclean Darling - Chancellor of the Exchequer