Thu 27th. BBC2. 7.30pm: Credit Crash Britain - Don't Forget to Watch

PasturesNew

In the last part of the series, the Money Programme's Max Flint travels around the UK to hear the extraordinary stories of people bucking the trend by fighting back against the hardships of life in credit crash Britain.
There is no doubt the economic downturn has caused substantial hardship for many, but some people, through their own initiative and hard work have offset its worst effects. Among the people he meets is the estate agent who lost his job and is now working as a DJ, the family seeking new work by moving abroad and the couple trying to raise cash by organising an internet competition with their house as a prize.

http://www.bbc.co.uk/programmes/b00g9412

It'll be on iPlayer later too.

poppy10_2

Thanks for the reminder, I almost missed this.

IT_nerd

I just saw this post, turned on and it's just starting.

poppy10_2

OMG It's the Wilshaws - you know, the ones who started the whole house lottery thing. Free advertising courtesy of the BBC. They're bleating about how it's their pension.

moanymoany

poppy10 wrote: »

OMG It's the Wilshaws - you know, the ones who started the whole house lottery thing. Free advertising courtesy of the BBC. They're bleating about how it's their pension.

The reason they didn't sell was because they overpriced it. If they had priced it realistically in the first place - and done a bit of work on the 70's/80's interior, it would have sold because it was first on the market before the crash really hit.

The wedding story was really sweet - good for them!

PasturesNew

poppy10 wrote: »

OMG It's the Wilshaws - you know, the ones who started the whole house lottery thing. Free advertising courtesy of the BBC. They're bleating about how it's their pension.

Not really advertising as this couple actually managed to sell all their tickets.... then got caught up in the gambling laws again.

lostinrates

A wedding almost as cheap as mine! I'm glad they realised that not having an expensive wedding is not the same as not having a priceless marriage.

ETA: I'm trying to find chap tickets to Bali for a friend's wedding next year and feeling slightly grumpy about wedding expenditure today...feel free to ignore my wedding-miserliness)

IT_nerd

That was a nasty dress though.

FoxtonsRIP

moanymoany wrote: »

The reason they didn't sell was because they overpriced it. If they had priced it realistically in the first place - and done a bit of work on the 70's/80's interior, it would have sold because it was first on the market before the crash really hit.

Why couldn't they just sell their house for what it was actually worth like everyone else does? Thank god for the Gambling Commission and I'd never thought I'd say that, the general public need protecting from chancers like those two

lostinrates

IT_nerd wrote: »

That was a nasty dress though.

Agred, but she liked it . We wore clothes we already owned.:o

HankMcSpank

FoxtonsRIP wrote: »

Why couldn't they just sell their house for what it was actually worth like everyone else does? Thank god for the Gambling Commission and I'd never thought I'd say that, the general public need protecting from chancers like those two

Agreed...the presenter said they'd be lucky to get 75% of the £900,000 they reckoned it was worth. Therefore it's open market value is really £675k max.

If they'd decided to sell 67,500 tickets at a tenner (total take £675,000)...fair enough, but 40,000 tickets at £20 valued it at £800,000 - meaning the entrants are overpaying.

This really does go to show that the public need protecting from themselves!