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Debate House Prices
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Lehmans
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One of my slightly wilder theories is that the Premier League is going to be a victim of the credit crunch. If you lose your job and can't get a new one then Sky TV is going to have to go at some point. The Premiership in it's high spend form hasn't been through a recession.
Arsenal are relying on selling the flats in their old stadium, Liverpool and Man Utd are up to their eyeballs in debt. All the others are committed to spending huge sums on wages to their players every year. If the clubs' income falls then they'll have difficulty in meeting their commitments.
Will we get teams at throw away prices
- what about their merchandise, made in a Sweat shop in China for £1 and marked at sale for £40.
The following is just my view - what is the use of wearing a jersey of some player who is earning in Millions. Some people proudly wear it all day and night and for parties. (Both America and UK included).Recession - if you are forced to drink beer at your home.
Depression - if you have no beer to drink at all!
I don't see any of the above - so where is it (recession)?0 -
This is definitely a crash - unless things improve drastically after the DOW opens I guess we will have a 'Black Monday' .
Bring it on, I say. We've been "flirting" with a crash/correction whatever for nearly two years now. The result is that nothing has really happened - one day's fall is corrected by a week's modest rise. And so we go on - it's like Chinese Water Torture - we all know it needs to happen, but we keep being fooled by maintenance of the status quo.
Let's have the correction. Let's feel the pain. Then let us all have an opportunity to invest at lower prices and see the prospect of some genuine returns again.
Bring it on!!!! !!!!!!!Warning ..... I'm a peri-menopausal axe-wielding maniac
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BACKFRMTHEEDGE wrote: »P.S. Do you think I should move my savings out of the halifax?
As I am told - £35000 is guaranteed by Her Majesty herself ... so if there is more than that you are ok.
I was under the impression that 90% of £35K was safe - but apparently after Northern Rock it is 100% of £35K.
Donno if there are hidden clauses which Alistair has put in fine print.Recession - if you are forced to drink beer at your home.
Depression - if you have no beer to drink at all!
I don't see any of the above - so where is it (recession)?0 -
One of my slightly wilder theories is that the Premier League is going to be a victim of the credit crunch. If you lose your job and can't get a new one then Sky TV is going to have to go at some point. The Premiership in it's high spend form hasn't been through a recession.
Arsenal are relying on selling the flats in their old stadium, Liverpool and Man Utd are up to their eyeballs in debt. All the others are committed to spending huge sums on wages to their players every year. If the clubs' income falls then they'll have difficulty in meeting their commitments.
I'd like to think that (I loathe Murdoch and Sky) but I suspect that most chavs would sacrifice their first born rather than give up satellite TV.
Like booze and fags, money will be found.
Besides - who will babysit the kids if they can't be plonked down in front of the Cartoon Network all morning?--
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.0 -
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BACKFRMTHEEDGE wrote: »P.S. Do you think I should move my savings out of the halifax?
Personally, no.
Rumours abound of an emergency rate cut in the next few days.0 -
One of my slightly wilder theories is that the Premier League is going to be a victim of the credit crunch. If you lose your job and can't get a new one then Sky TV is going to have to go at some point. The Premiership in it's high spend form hasn't been through a recession.
Arsenal are relying on selling the flats in their old stadium, Liverpool and Man Utd are up to their eyeballs in debt. All the others are committed to spending huge sums on wages to their players every year. If the clubs' income falls then they'll have difficulty in meeting their commitments.
I had been thinking along the same lines.... tho a load more "oil money" will probably get chucked into the pot at some point. However this will not last forever. Interesting times0 -
BACKFRMTHEEDGE wrote: »Too true. We had to pay £140 for 2 tickets to watch a champions league game a couple of weeks back. Soon no one is going to be able to afford that. At that game there were empty seats, unheard of in the past.
Blimey. My champions league ticket for this wednesday is costing me £36. Infact it cost me about the same last year for the semi-final against Barca.
I am guessing thats london club prices? Still I think I may forget about it alltogther soon. Players earn WAY to much, and I am fed up of giving away my hard earnt money. The real fans simply can't afford football anymore0 -
Debt_Free_Chick wrote: »
Bring it on, I say. We've been "flirting" with a crash/correction whatever for nearly two years now.
A good freind has been argueing this correction was due around 2002. His basic argument was that cheap and easy money, inflated assets way beyond thier natural value.
Turn off the money tap and hey presto, we go back to where we would have been had it not been for the easy debt.
One of the people that established housepricecrash.co.uk tells me he expects prices could take 10 - 20 years to recover:eek:0 -
Lehman (LEH) currently down $3.35 at $0.32 (down 91%) in pre-trade.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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