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Debate House Prices
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Possible Tax Cuts on the way
Comments
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LOL... there was me thinking you were a NuLabour insider!0
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mystic_trev wrote: »In a recession people tend to save, not spend.
Hopefully people will build up savings instead of spending on imported tat like they have been doing for much of a decade/.
Couple that with house prices falling to affordable levels and the banks will be able to start lending against property again and the markets can start recovering.--
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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I think the aforesaid young Isaac is a property bull. He's building a lego house at the moment, one with a chicken on the roof and a window on its own in the garden. Grand Design, I think?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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mystic_trev wrote: »In a recession people tend to save, not spend.
Mustn't be expecting a particularly savage recession if the populace are all building up their bank accounts, I thought they may be struggling to keep the wolf from the door according to some comments on here.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Mustn't be expecting a particularly savage recession if the populace are all building up their bank accounts, I thought they may be struggling to keep the wolf from the door according to some comments on here.
Don't you find it amazing just how quickly and badly things have gone wrong economically before we've even had a recession? I have studied a fair bit of economic history and I find it incredible.0 -
Don't you find it amazing just how quickly and badly things have gone wrong economically before we've even had a recession? I have studied a fair bit of economic history and I find it incredible.
That's because the whole thing was built on eggshells. We have been dodging a downturn - in 2001, 2003 and 2005 - and every time we dodged it by borrowing and spending more and more money we didn't have, the eventual consequences get more grim. The latest Brown plan is to inflate to hell and dodge yet again.
If they succeed with current policies, we'll end up with a 'crack-up' boom and God knows what after that. If they fail we'll add hundreds of billions if not trillions to our national debt in a time of deflation - nuts. :eek:
Let the bust run its course and try to make small corrections to soften the worst effects is my advice. Get it out of the way as quickly as possible then we can concentrate on rebuilding.--
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 -
Mustn't be expecting a particularly savage recession if the populace are all building up their bank accounts, I thought they may be struggling to keep the wolf from the door according to some comments on here.
I thought he was quite clear - in a recession, if you have some 'spare' money you'll stash it in the bank before you'll lash out on luxuries or non essential spending
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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 -
Don't you find it amazing just how quickly and badly things have gone wrong economically before we've even had a recession? I have studied a fair bit of economic history and I find it incredible.
Not surprising as the recession will be caused by the credit crunch which has been bobbing along for 15 months now (with increasing ferocity).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I thought he was quite clear - in a recession, if you have some 'spare' money you'll stash it in the bank before you'll lash out on luxuries or non essential spending
I know that a lot of people are actually better off in a recession, I thought it was you lot that didn't know that. Why do you assume that everyone battens down the hatches when the logic is to take advantage of cheaper prices? Everyone doesn't lose their job.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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