Some of you are vultures

carolt

tesuhoha wrote: »

Yes call it twisting things if you will. But its not the ordinary people that have caused all this. Its the Governments and the banks. We are just at the mercy of the powers that be. Most people just want a job, a home, no debt and enough to live on. There are so many young people now with no hope at all, no hope of employment without even mentioning a house.

The govt and banks certainly bear some responsibility; though ultimately, the banks were just obeying their natural instincts - greed - ie make profits, in a situation of extreme deregulation initiated by the government.

And who elected the government?

Oh. We did.

Time to take responsibility, I think.

housesitter

!!!!!!? wrote: »

But on top of all that, we also have to take stick from the irresponsible who blame us for their actions because they can't own up themselves. You couldn't make it up.

I'd nominate that for post of the month if I knew how to.

phil1873football

well 'sdooley' sadly for myself, I am in the minority that you mentioned...dont get me wrong, theres probably thousands of people in a far worse situation than I am, and like me, have done everything by the book and not over-stretched, but I am sure you will all agree that when something has an effect on you, then it seems worse than anyone elses problems...natural i feel, but maybe I am wrong

dopester

phil1873football wrote: »

Just my current position and I aint looking for sympathy, I just wanted some of you out there to try and appreciate some of the less fortunate peoples predicaments and not gloat at their misfortune.

Good, because you won't get any from me.

RBS was valued at some £8 a share only a while back. Trading at around 65p now.

The property market moves slower, but prices are still hugely over-valued.

Your valuer may have given you a value from the old world - when banks still had money and would lend to near about anyone with a pulse.

SunnySusie

ad9898 wrote: »

Unfortunately in a capitalist society, equilibrium doesn't exist, there are always winners and losers. maybe in this day and age, some good bedtime reading would be The Communist Manifesto, written by Marx.

yay - communism - where everyone is an equal loser. Isn't the point in a free market that when a trade occurs both sides feel like they have "won". If you feel like you are losing - don't make the trade.

I think I agree with the early posts. People have to take responsibility for their own actions and the choices they made. If they borrowed more than they can afford then they should throw their hands up, admit their mistake and pay the price with humility.

Our society just won't work if our actions count for nothing. That gives people the opportunity to do nothing, not to try, be reckless with no risk. As the implementations of extreme left governments inevitably discover.

I think it is a mistake to think people enjoy it over and above the childish forum banter that we come to expect (sigh), but that doesnt change the view that people need to be responsible for their own actions. I am continuously suprised from a nation that vocally rejects the "nanny state" yet is simultaneously engulfed in a blame culture. Make ya minds up !

mardatha

NDG was quoting a previous post made by WISHIWASRICH - or were you being facetious?
*********
- god,no I can't do facetious . It takes me all my time to do TYPING. I was being bounced around by AOL, I was in, then I was out, and as you see, I ended up not knowing my !!! from my elbow. I will shut up forthwith and go knit socks or something i I can do properly instead
(NDG seems like a lovely lady and I thought it was her posting.)

ad9898_3

SunnySusie wrote: »

yay - communism - where everyone is an equal loser. Isn't the point in a free market that when a trade occurs both sides feel like they have "won". If you feel like you are losing - don't make the trade.

I think I agree with the early posts. People have to take responsibility for their own actions and the choices they made. If they borrowed more than they can afford then they should throw their hands up, admit their mistake and pay the price with humility.

Our society just won't work if our actions count for nothing. That gives people the opportunity to do nothing, not to try, be reckless with no risk. As the implementations of extreme left governments inevitably discover.

I think it is a mistake to think people enjoy it over and above the childish forum banter that we come to expect (sigh), but that doesnt change the view that people need to be responsible for their own actions. I am continuously suprised from a nation that vocally rejects the "nanny state" yet is simultaneously engulfed in a blame culture. Make ya minds up !

I wasn't advocating communism, it was a light hearted comment.;)

tesuhoha

carolt wrote: »

The govt and banks certainly bear some responsibility; though ultimately, the banks were just obeying their natural instincts - greed - ie make profits, in a situation of extreme deregulation initiated by the government.

And who elected the government?

Oh. We did.

Time to take responsibility, I think.

Do you really think the other lot would have been any better? There isnt much choice. Having two or three bad choices doesn't exactly amount to a lot of say in the scheme of things.

DirectDebacle

tesuhoha wrote: »

Yes call it twisting things if you will. But its not the ordinary people that have caused all this. Its the Governments and the banks. We are just at the mercy of the powers that be. Most people just want a job, a home, no debt and enough to live on. There are so many young people now with no hope at all, no hope of employment without even mentioning a house.

I think you are being a bit too short termist here. This recession will have the effect of every other recession, shrinking economy, increasing unemployment and resulting hardship. The causes of this recession are somewhat different and are worsened by the personal debt of individuals which was not evident in previous recessions.

You never get the full story on a 2 minute newsclip but take the gas fitter and his family. Big problem was the loss of his job. But did you notice that his debt was stated as house loan, car loan and mortgage. Sittting in his front room with a widescreen laptop and a big television in the background. Who knows, without those other loans and the de rigeur appliances maybe, just maybe, he on a lower wage and his wifes earnings may have enabled them to keep their home.

The amount of time you need to house yourself is around 60 years, assuming you leave home at 20 and die at 80 (these ages are not statutory yet:rolleyes: ) so to look at a 10 year bubble and extend that into infinity is not reasonable. It would be interesting to re-visit the gas fitter and his family in 10 or 15 years and see where they are then. I would think in a situation far better than they can at the moment envisage for themselves.

Dithering_Dad

ad9898 wrote: »

I wasn't advocating communism, it was a light hearted comment.;)

You commie!

You're history's greatest monster!