Feeling despondant

1echidna

Oddly enough I am a pessimist as far as UK's economic prospects are concerned but don't see riots around the corner. Just a gut feeling that people feel it would get them nowhere. This particular crisis in many ways is affecting well off people first (bankers etc). Lots of hot air and vituperation but significant disorder perhaps not, more a sadly resigned but largely disciplined populace. I hope that I am right about this.

tyllwyd

1echidna wrote: »

Oddly enough I am a pessimist as far as UK's economic prospects are concerned but don't see riots around the corner. Just a gut feeling that people feel it would get them nowhere. This particular crisis in many ways is affecting well off people first (bankers etc). Lots of hot air and vituperation but significant disorder perhaps not, more a sadly resigned but largely disciplined populace. I hope that I am right about this.

My gut feeling is that I agree with you. If you are on a very low income or benefits, there are so many tax credits & so on available, things probably haven't changed much - and if you haven't got your own savings/pension the stock market & interest rate drops won't hit you. This is hitting people who do work, who have tried to save, who are doing their best to try to hold things together for their families - not the kind of people who are likely to go out on the street & riot.

lynzpower

I agree, much as Id like to see the English stand up for themselves and make themselves heard ( Ireland/wales & Scotland have a quite a good voice IMo) I woukld be very surprised if it happened.

Trade unionism- the start of many a struggle has been worn down so much that the white collar thinks resitance isnt for them.

And the majority think Gordon is doing " a good job" no time for a novice etc.

How many times have you heard of people - if youve ever suggested voting/writing letters to MPs etc say "theres no point".

Its difficult to envisage re-enact the class struggle aspects of rioting, the anarchists & die hard working classes are not seeing the old patterns where the poor get poorer - prices coming down and the tax credit system more generous to them. Its the rich/ upper middles that are famously losing everything as well as those "hard working families". Those die-harders are already seeing those "top of the pilers" falling down all over the place, bankers out of jobs,the Rachmans of this country getting thiers etc. The original class system of which so emotion of rebellion is broken down with the wholesale consumption and property ownership that divided the UK before.

England is past the point of wholesale resistance IMO- but I wait with baited breath to see what materialises. ( I do have a paper hat I will eat should we see Greece or Paris style rioting in the UK)

lynzpower

But OP, I do remember your last thread, and my personal feeling is that if you feel the bottom is being reached, then get a prperty with a very small mortgage. Im sure with your LTV you will be able to get a good deal at this point in the cycle.