Recession, what recession...Isn't it great??

greenwheels007

Me thinks that those that forcast doom and doom on public sector employees are bitter at not being in the club themselves!
Bit late to join now!

beecher

mitchaa wrote: »

My point and the 1 that you have highlighted above, is that there doesn't appear to be doom and gloom round me in my vicinity, but that all changes when i switch on the TV and watch the news or log onto MSE

Maybe that means that you surround yourself with similarly minded people, who have either yet to accept that the economy is in recession, and we're heading for worse, or are high earners. I've posted before my belief that you think your lifestyle is 'typical' and have a skewed idea of what the average person earns and spends. I think posts like this one highlight this fact.

mitchaa

beecher wrote: »

Maybe that means that you surround yourself with similarly minded people, who have either yet to accept that the economy is in recession, and we're heading for worse, or are high earners. I've posted before my belief that you think your lifestyle is 'typical' and have a skewed idea of what the average person earns and spends. I think posts like this one highlight this fact.

I am not a particularly high earner, more middle income. There are lots better off than i am and i suspect a lot of the posters that contribute on here are, The barristers the doctors, the contracting IT gurus, People with multiple homes etc

Average income is said to be ITRO of £26k pa, that isn't too bad in the grand scheme of things.

I can accept that the economy is entering a recession, but the point i was getting at was, its not bad news for all. There are bargains galore to be had at the moment, and not just on houses

Those that have a secure good paid job will be benefitting from all these recent price reductions. There are winners and losers everytime.

I can see that i am beginning to annoy a few now, so i will stop the fishing, oops, should i say ''talking up the economy'' and we'll get back to normal doom and gloom now

Good to be back after our short break

beecher

mitchaa wrote: »

I am not a particularly high earner, more middle income.

You have a high household income - you're just proving my point by thinking that you have a 'middle' income.

lostinrates

mitchaa wrote: »

Same could be said for police and fire services.

Its a career, many make a good living out of it, engineers and specifically pilots use the armed forces as a stepping stone.

A lot of civilian employers bend backwards to employ ex armed forces staff due to the qualities they are likely to possess.

This is true. My father for example hires a lot of ex police and armed services. I also can think of a 'prestige' London and SE agent who employ a lot of ex Army officers as EAs :eek: (what does that suggest?).

However, that does not mean that the forces are not at risk of cutbacks, as opposed to erradication, as are the employers who look for them afterwards. Security services, for example, might go up in the short term, but if empty commercial property becomes worth less (as opposed to worthless) it might be decided security costs more than repair/rebuild on the insurance.

LeLLe

The point people are trying to make is, yes they're all plenty of bargains out there but not alot of people can afford them, hence why there are so many because people just aren't parting with their cash, more to do with the fact they CAN'T rather than WON'T.

Lotus-eater

If I hear one more time from someone, about how there are so much better off now their mortgage has come down and they can now buy what they like, I think I'm going to scream!
This is what seems to be happening, I don't know if that was GB's idea when he got these rate cuts, but it certainly seems to be happening.
We as a nation just aren't learning to save our money, Looks like being a hard lesson for alot of us.

dopester

housesitter wrote: »

No police force means I'll not get arrested when I protect my home against the people with no legal right to be trying to get in, as they try to invade and I shoot them.

The police seem to be very busy around my way. From our house I've heard police-car sirens as they come down the nearby street just about every day/night for the past 6 weeks. To hear a police-car siren here was a rare occurrence previously.

housesitter

beecher wrote: »

I've posted before my belief that you think your lifestyle is 'typical' and have a skewed idea of what the average person earns and spends.

I live off about 16K/year. Comfortably. 13K was my first salary after uni and since I lived on it then and I can live on similar now (reasonably adjusted over the last 6years).
I rent a 3bed semi with a lodger, I have two cars on the road and a third in several bits.

I do earn considerably more than the average mitchaa posted, but it's saved and I never touch it. Ever. Until I need it for a house that is.

I have secondary savings from that 16K left over month to month and those pay for big items like insurance, holidays etc.

Am I a typical lower wage earner, or just a prudent one?



Suffice to say, I have a nest egg to fall back on, but having been unemployed in the past for 6 months and not touched it, I'd like to think that I can do it again should I need to.
Of course I have a contingency fund anyway from my 16K savings to tide me over for a couple of months.

People overspend in their daily lives. We can all get by on less than we do. I know I could cut down quite a lot of what I spend monthly, but it's nice to have a good standard of living.
Perhaps a recession will make people realise what they actually value.

housesitter

dopester wrote: »

From our house I've heard police-car sirens as they come down the nearby street just about every day/night for the past 6 weeks.

Wont be coming down mine.
Council refuse to grit it and since the sun never hits it, it's like an ice rink! :rolleyes:

No longer parking my car on the road at night, had to have a bit of a shuffle on the driveway.