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Some of you are vultures
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this is just my opinion but the greedy vultures are the buy to let people that have driven up property prices. There is one lady in my area that has bought over 350 properties to rent. when first time buyer houses came on the market over the last 6 years they were snapped up and pushed property prices through the roof. This is where the greed lies.
I do have emotions for those who have been made redundant and out of work through real ill health but it beggers belief how some people were given so much money. There is an soa on here where a total monthly income of 2300 has a mortgage of 175k and 82k of unsecured debts and a further 85k on credit cards - now how does that happen?? the banks are stupid and the family have obviously been living far beyond their means. My nan always told me - never have more than 1/3rd of your wages on your mortgage - it was a simple sum. It means that I live in a smaller house than I want, but means if my partner or I lose our jobs, we can still afford the mortgage. It angers me, how others can live the high life of spend spend spend, new cars, holidays, big houses, designer clothes etc etc and go bankrupt and wipe the debt - now who is the fool, probably me for not buying what I can't afford to save up for. Oh well soapbox moment over. I am waiting for house prices to fall even more, so then I can be a greedy vulture and afford the bigger house that I have always wanted.Food and Smellies Shop target £50 pw - managed average of £49 per week in 2013 down to £38.90 per week in 20160 -
What I think is terribly sad is that there always has to be a loser. Please don't get me wrong, I have been concerned about the rising prices and the young people unable to buy for a long time.
It would have been far better had this massive bubble in house prices not happened, without a doubt....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 -
I have real sympathy for people who were scared in to buying. Some people just want to feel they are providing and to imply that they are foolish is a little unfair.
Nobody had a crystal ball. I personally expected the bubble to burst, but only because I had seen and felt it before.
I feel sorry for anyone who is out of their depth now and feel that if you are you should get help early, i.e before Christmas.
There is a dream like state in the country at the moment where people are talking about the 'credit crunch' and the 'coming recession'.
I personally believe that this dream like state is induced by lots of bargains and a drop in interest rates. The PM has played all of his trump cards and a few that he had up his sleeve, the same applies to the USA.
The downhill spiral is big and distant at the moment, it isn't very tangible.
By the end of February I can see that 10% of our friends will have lost their jobs, 10% of the shops in our street will have shut down and there will be 10% less stuff in the shops. Get used to 'sorry we are out of stoc'.
By the end of April these stats will easily have doubled.
Chuck in a further 5% month on month house price drop and things will be shifting down smoothly.
The PM is watching but there is nothing he can do, we have stopped spending money becasue we are all scared and there is nothing to buy!
The summer should be nice, warm enough for a few inner city riots, not those 80's ones with cops with dustbin lids, both sides are far better tooled up now!
We will probably start to get the message by then.
Then the nights draw in and it will be Christmas again..
Scary prospect....sort of believable?
No-one can prove it wrong, some may believe it (I do!)
That's what fear does, make you worry, so the guy who bought the house out of fear did something that all humans do. Try and protect themself.
Food and shelter.0 -
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.
I don't entirely agree with this. People don't have to take out loans, and run up credit card bills, just because they can....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 -
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.)
Thank you for your concern, but I'm fine.
I can't knit socks, but I am finsihing off a lavender pillow for my mother as a Christmas present....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 -
Tell you what. You are all a lot nicer on this forum. If I'd posted the same thing on DT I would have been SLAUGHTERED.
<sharpens knife>
that can be arranged........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 -
No sick pay, no holiday pay, no pension.
No maternity leave, redundancy - but that applies to lots of self-employed people (incl. me)....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 -
nic_santorini wrote: »Oh well soapbox moment over. I am waiting for house prices to fall even more, so then I can be a greedy vulture and afford the bigger house that I have always wanted.
Hope their are enough big houses to go around, as you all seem to want one
'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 -
It is amazing the number of people who say they knew the bubble would burst. I maintain that, in the vast majority of cases, people stating this felt the bubble 'might' or even 'probably' would 'eventually' burst. Certainty doesn't come into the behaviour of markets and memory can become selective after the event, especially when there is a chance to crow about something.0
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