Cruch to last at LEAST another 18 mnths

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Dithering_Dad wrote: »

lol, lovely sentiments B, but hardly likely on the Housing 'ghetto' sub-board. I did a similar appeal just now asking that if the so-called 'doom mongers' insist on pasting in every scrap of negative financial data, they could at least add in their own 'recession survival gudelines'.

There are so many posters that are rubbing their hands together with glee at the thought of a recession that it makes one wonder why they're going to immune from the effects. If they have a secret stretegy for survival, then I for one want to share in it!!!!

The bottom line is we are not "doom mongers", for the best part of 8 years people like Krusty Allslop, Phil Spender, The Wilsons and the rest of the crowd that think "houses only ever go up" have been "rubbing THEIR hands with glee at the expense of people who just happened to be born later than them and found the dream of actually owning their own home was just that... a dream

The crash has only been on for a few months and yet the people mentioned above are p***ing their pants, What do I say to them ??? "Stop crying, come back in 2016, until then, keep taking your medicine, what goes around comes around.

mummytofour

mewbie wrote: »

I don't have any tips about how to survive, but I have become aware of a simple fact, nothing clever like Generali's economic posts, or insightful really. It is this.

"If I lose my job I am f*cked"

Apologies for the swear word, but on this occasion it fits so well.

Being a pessimist I always have a back up plan, tent anybody?

tomstickland

logie28 wrote: »

quite pathetic if you ask me,, did you copy this from the student union board???

most points invalid, tax rises pay for the running of the country, sorry i almost forgot we didn't have any of these under the Torie( poll tax, resulting in anarchy and riots) things where much better then,,,

Why is a list of tax increases pathetic?
Regarding the mortgage market being a free market, yes it is. Why then, is the government trying to intervene in the market now when it faces price falls? Why did Gordon Brown proclaim that he was going to end boom and bust and in 1997 even said that he wouldn't let house prices get out of control?

I imagine it's because his prolific spending habit relied on tax income, and a house price bubble stimulated economic activity and spending and that provided him with a decent tax take.

Generali

tomstickland wrote: »

Why is a list of tax increases pathetic?
Regarding the mortgage market being a free market, yes it is. Why then, is the government trying to intervene in the market now when it faces price falls? Why did Gordon Brown proclaim that he was going to end boom and bust and in 1997 even said that he wouldn't let house prices get out of control?

I imagine it's because his prolific spending habit relied on tax income, and a house price bubble stimulated economic activity and spending and that provided him with a decent tax take.

My incredibly rough, back of envelope calculations estimate that half of all growth since 2000 has come from borrowing against rising house prices. On top of that I should add the addition to GDP which comes from houses selling for more than they did before.

This Labour Government (in common with all previous Labour Governments) has massively increased taxes, borrowing and liabilities. The prolific spending habit is a part of Labourism; GB doesn't care how it's financed any more than the civil service do.

logie28

tomstickland wrote: »

Why is a list of tax increases pathetic?
Regarding the mortgage market being a free market, yes it is. Why then, is the government trying to intervene in the market now when it faces price falls? Why did Gordon Brown proclaim that he was going to end boom and bust and in 1997 even said that he wouldn't let house prices get out of control?

I imagine it's because his prolific spending habit relied on tax income, and a house price bubble stimulated economic activity and spending and that provided him with a decent tax take.

A list of tax increases is pathetic because that is what governments do,!!!
not just labour(who incidentally cut the income tax this April,, sorry shouldn't mention tax cuts) look at the list , alcohol tobacco, fuel,, surely labour aren't the first to do this, ( the red diesel one is truly not worth a mention)

The government isn't "trying to intervene, now the market is bust, it is intervening because the market(and public)needs it to..

when in 1997 did GB say he wouldn't let house price spiral out of control? can you give a direct quote? or is this just another urban myth??.. i.e when Mrs thatcher said the great "society"(totally miss quoted speech)

Lets look at things from a different angle, the UK housing boom did not come round from great marketing from estate agents and the housing market.

more than likely as a result fromBritain's booming, solid and confident economy of the day, ( many where left behind!!)

Of course his prolific spending relied on tax... first rule of politics,, you dont have any money....... only the public's money(i.e tax) labour, like any other democratically elected party did not intentionally set out to destroy this country ,, only better it.. a big argument to be had on either side of what was achieved and what wasn't....


I'm only trying to point out, the government isn't always to blame..... we all have personal responsibilities, and all make mistakes...

logie28

Generali wrote: »

My incredibly rough, back of envelope calculations estimate that half of all growth since 2000 has come from borrowing against rising house prices. On top of that I should add the addition to GDP which comes from houses selling for more than they did before.

yes it probably has like most of Europe and America, house price rises .. just like when houses cost a few thousand pounds in the 60s 70s, then tens of thousands in the 90s and 2000 onwards,, its called inflation and growth,(basic economics)

people will be reminiscing about 5 cigs, a night at the flicks and a bus ride home with fish and chips for 2 n 6pence soon...

mrstinchcombe

Dithering_Dad wrote: »

Could I ask why?

As a father and sole wage earner, I could not conceive of a reason why I would want my family to be negatively impacted financially. I'd be interested to know your reasoning.

(I am actually seriously interested, this isn't a prelude to some sort of 'aggro').

Because if there was no recession and house prices continuously rose as they did 1997-2007 the your kids would never be able to afford to buy a house!

drbeat

logie28 wrote: »

BTW i have lived and worked in third world countries with REAL problem, Albania in the 1990 s being one.

As a 28 year old English man i take heed of an old proverb, "you dont know your born"

So you were 10 when you worked in Albania?

BTW, it's "You don't know you're born"

Looks like you got your English and english mixed up!

logie28

drbeat wrote: »

So you were 10 when you worked in Albania?

BTW, it's "You don't know you're born"

Looks like you got your English and english mixed up!

no 1999,, i was 19 british army fighting (probably another illegal!! ) war..
i posted 90s not 90..

English isn't mixed up its called dialect, what makes us unique in England. dont all rely on a computer generated spell checker some of us spell as we speak...
BTW didn't realise this was an english spelling thread!!! check OP...lol

drbeat

logie28 wrote: »

no 1999,, i was 19 british army fighting (probably another illegal!! ) war..
i posted 90s not 90..

English isn't mixed up its called dialect, what makes us unique in England. dont all rely on a computer generated spell checker some of us spell as we speak...
BTW didn't realise this was an english spelling board!!!!

Oops, just noticed that you wrote "1990 s" lol!

Didn't know that Great Britain fought a war in Albania? I'm sure there was one in Kosovo...but Albania? Hmm? But I suppose after seeing all that suffering you retreated off to your barracks and enjoyed a nice meal.

English with an "E" as in an nationality; english with an "e" as in the english language.

BTW, to write that english is unique to England is like writing that the english language is unique to England...which it isn't!

I don't rely on a computer; but I do rely on my education!