Some of you are vultures

neverdespairgirl

neas wrote: »

allow the wife to be a stay at home housewife... who... quite frankly... doesn't understand about the ideology of saving for a rainy day.

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The OP does work, though, in a school.

Davesnave

I agree with the main thrust of what you say Lynz. However, if everyone were to behave like me, and maybe you too now, this country will be 'in the poo' permanently.

I've always tried to live within my means and, although I've not always succeeded, attempted to stay away from borrowing whenever that has been feasible. Our previous mortgage is an obvious exception. My family's also had a life of making do, but it hasn't been that bad, thanks to all the others who spend less cautiously. Much of the 'stuff' in our house was purchased at a fraction of its original cost, and a year or so down the line it just looks like everyone else's.

It doesn't matter what colour the government of the day is; they both need the public at large to spend most of their income, and then some, just to keep the wheels on. Things are arranged so that Mr & Mrs Average are kept busy earning to service all their debts. The little averages are also burdened with a nice student loan as soon as they poke their noses out of school, and so it goes on. This is very convenient, since people struggling to stay afloat in their battle to match the Joneses are less likely to cause trouble to governments.

This status quo has been all been fine and dandy, until now, when the debt business has collapsed under the weight of its own enthusiasm in a most spectacular way. So far as I can see, there's no way back to where we were, without restoring the same levels of consumption we've 'enjoyed.' With the debt mountain that exists already, surely that can't be any time soon.

Yes, 'make-doers' like me are the bane of the modern economy, but with everyone else pulling their financial horns in,times will be tough for us too. After all, if no one is going to upgrade their widescreen, LCD telly this coming year, where's mine coming from?

aqueoushumour01

I feel a bit upset at being labelled a vulture just because I want to finally be able to afford my own place. I've got a good job that I've worked damn hard to get, and unfortunately, am single so am not able to combine my salary with someone else's to make it easier to get a mortgage. If a fall in house prices means I can buy a house, which I have wanted to do for the last few years, then I'll be happy.

I do feel sorry for those who bought at the top though, and can understand why people had to take on every larger amounts of debt. This situation will repeat though as we all want to be wealthier and bubbles are an unfortunate certainty due to our human make-up.

izzybusy23

tesuhoha wrote: »

In other words, I'm alright Jack, so who cares about anyone else. Well, I'm sorry to bore you about the plight of the people whose houses are being repossessed. But that was the reason for my OP because a lot of you so obviously couldn't give a monkey's.

I shall now exit this thread and leave you to carry on in your smug, contented, safe little world.

I was drawn into telling you my own story but wish I hadn't trusted such toerags.

Shall I get the violins out then, would that make you feel better?????? :rolleyes:

Now, what about the poor sods who are renting who may well lose their jobs, who is going to bail them out huh???????????????? They HAVEN'T got the government on their side to bail them out, they will have to do that themselves.

All you think and care about its the reckless who indebted themselves up to their eyeballs trying to keep up with the Jones' and through pure GREED... what about renters who knew they couldn't afford to get into a sh!tload of debt, but who may well find themselves up a creek without a paddle in the downturn. Where's the sympathy for them then.....

lynzpower

Now, what about the poor sods who are renting who may well lose their jobs, who is going to bail them out huh???????????????? They HAVEN'T got the government on their side to bail them out, they will have to do that themselves

If you are renting you can get housing benefit immediately!!

thats a lot more than homeowners get even with this all new "package"

Izzy you really are very nasty it comes across in a lot of your posts. I suggest you speak to your MP if you dont like the situation, venting at others is not in the spirit of moneysaving expert.

"be nice to all moneysavers- even if you disagree courtesy helps"

carolt

izzybusy23 wrote: »

Shall I get the violins out then, would that make you feel better?????? :rolleyes:

Now, what about the poor sods who are renting who may well lose their jobs, who is going to bail them out huh???????????????? They HAVEN'T got the government on their side to bail them out, they will have to do that themselves.

All you think and care about its the reckless who indebted themselves up to their eyeballs trying to keep up with the Jones' and through pure GREED... what about renters who knew they couldn't afford to get into a sh!tload of debt, but who may well find themselves up a creek without a paddle in the downturn. Where's the sympathy for them then.....

izzy, I usually agree with you, but in this case, as I doubt very much you've read the whole thread due to its length, actually the OP has apologized for offending anyone in her OP (see post 180) and also specifically said she does have sympathy for priced-out FTB's.

Don't use her as a target for all those !!!!!! who come on here raving about their own superiority; she's not like that, and is just an ordinary woman suffering from the downturn and her own decisions as many are; at least brave enough to admit it publicly.

moggylover

dopester wrote: »

Mysticism. It rots the mind.

Course I'll buy a repo if it stacks up structurally, is in the right area, and is great value.

Doesn't matter to me if it was formerly home to some young over-indebted couple in love who've lost an income, one of the many HPI addicted BTLers with 2 or more properties, or some MEW-ing pensioners.

It might be mysticism, but my last home was definitely not a great place to live!

When I purchased it, I did not know that the man who sold it to me had signed his Aunty into a home (by tricking her into signing some papers) to get rid of her. She had helped her brother and sister-in-law to buy the property in the 30's and they had all lived there ever since, and she was supposed to be able to live out her days there and THEN the house would pass to him.

My own life there involved an awful lot of unhappiness, the house has since passed hands about 6 times, and each couple that has bought it has broken up within a short time of moving there! Without any of them knowing the "history" of the place. It might be coincidence - but it does seem kind of creepy to me:D .

Pobby

Thanks Lynz. Couple of good posts there. I can`t remember a time like the last 10 years. It`s been a strange time of falsehoods, illusion and uncertainty. I think that house price inflation pretty much sums all this up. My same old boring question. How is it that 10 years ago a family earning less than £15k could have afforded to buy my house? Last year they would have needed over £45k. That is a good joint income in my part of the world.

Yet when this was mentioned to people few seemed to agree that the situation was one of madness preferring to spend their mental energy on who was next to be kicked out of the Big Brother house.

I watched with amazement at how much debt people were getting themselves into. Just how much useless tat was being bought. How people were being judged for not what they were but for what apparantly they owned. How " treats" such as holidays were becoming neccesities. Just stick it on the card.

Why were people thinking that through hpi that they were becoming richer? When my house hit a 400% increase had it grown larger? Were the bricks made of gold? No just the same little old house. So if I were to sell I would still need something else.

I feel that we might return to standards that are not just greed. Maybe people will see that grabbing more and more can`t work.

I have a dream! I open my newspaper and there is no mention of, Jordan, Kate Middleton,Jade Goody and all!

caveman38

Where are you tesuhoha, you haven't got time for Xmas shopping, you've got to keep your post going.
I know you retired from it four times, but we got used to you coming back. Come on you've created a record see if you can make it a 1,000.

neas

in the end this is just a drama thread. whatever wil be will be... houses will or wont drop more... i tend to think they will but thats my opinion.

Ofc people wish for cheaper housing as its their circumstances, theres countless of people in a poor condition... but we dont feel for them usually as humans we feel for ourselves... we are generally quite selfish animals to be honest... otherwise we wouldnt be going on holiday once twice a year.. we'd be going on missionary runs to help the poversihed millions of the third world countries.

So... in essence i dont think theres anything wrong with wishing for houses to come cheaper... even if a recession is needed to do it.