I can't stand the doom crew anymore

Dan:_4

Old news dop. We have recovery measures in place now.

Treadmill

who listens to Darling anyway ? If he told me it was raining outside I'd be sure to look out the window and check.

obsessed_saver

ROFL!!!! :rotfl: :rotfl: :rotfl: :rotfl:

dopester wrote: »

Recent convert to the:

THE DOOM CREW

mr_magoo_5

More Doom and Gloom if anyone interested,

US stocks down 300 points tonight

Don't you just love it !

moanymoany

:shhh: has he gone - jp that is? Have the doom sayers been :silenced: ? No! Goodness me, it's a good job he's left us, he could dish it out but couldn't take it - shame. :wave: jp.

MissMoneypenny

Max_Headroom wrote: »

You're absolutely right old bean, it isn't. But unfortunately it's mainly inflated house prices that have been propping the economy up for the last five years as people spend "created wealth" that doesn't really exist as they see thousands of pounds of "profit" as their house price soars on sentiment.

We have seen some strange terms for old types of loans, during this house price bubble. Mortgage equity withdrawal..........that use to be known as borrowing money and using your house as security. A big no, no. Just look at the stick Carol Vorderman has got for advertising loans that would be secured against your home. Yet with the banks using clever marketing by using the words "equity withdrawal" people somehow saw that as just releasing their own money in their home.

RecoveringAlcoholic

My[strike] Doom and Gloom [/strike]Reality comments:

Ignore the experts in their air-conditioned ivory towers.
They should get out on the streets.
Count the number of For Sale boards you pass on the way to work.
How many empty new build properties are near you?
Listen to conversations in supermarket queues.
Watch peoples faces at the petrol station.
Visit your local court.
Check out mortgage fraud.
Look at the queues outside your local CAB when they open in the morning.
How many people do you know who have been made redundant this year?
Count the number of empty units in your local shopping centre.
Chat to your local car dealer.
Visit the Bankruptcy Board on this site.

It is just a temporary blip and will be over by
:xmastree:

neverdespairgirl

And "releasing the equity"

boyse7en

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

The idea that, at some Utopian point in the past, FTBs didn't worry about the mortgage and had money spare to go for nights out doesn't tally with my memories of either my parent's struggles to make ends meet when I was a child (1970s), nor my own experiences of buying my first house back in the early 1990s. It was no holidays, old cars, cycling to work, no take-aways, no restaurants, hand-me-down clothes, etc.

It has always been difficult to afford to buy a house, whether it was in the 70s, 80s, 90s or 00s

beecher

boyse7en wrote: »

The idea that, at some Utopian point in the past, FTBs didn't worry about the mortgage and had money spare to go for nights out doesn't tally with my memories of either my parent's struggles to make ends meet when I was a child (1970s), nor my own experiences of buying my first house back in the early 1990s. It was no holidays, old cars, cycling to work, no take-aways, no restaurants, hand-me-down clothes, etc.

It has always been difficult to afford to buy a house, whether it was in the 70s, 80s, 90s or 00s

although there is some truth in this, I was able to buy a tiny flat in 1993 for 2.5 times my salary. I'm in the same job now, and that same flat would now cost 5 times my salary. So it just isn't comparable at all.