i feel so selfish but this credit crunch is helping me a lot

sb44

Francesanne wrote: »

Our mortgage hit the 16pc mark back in the 1980's and don't recall a huge bailout then.

Yep, we had a 100% mortgage for 22k in those days and the repayments went through the roof.

God help people with average or large mortgages if the interest rates go up again to those levels.

slipthru

sb44 wrote: »

Some food is cheaper but a lot is increasing in price and not by the odd penny.

For example, I went to buy some bread flour from Lidl yesterday which was 48p on the 7th Dec (sad I know but I keep my receipts to help me remember which supermarket was the cheapest so I can get a particular item there next time), yesterday it was 75p!!!!!!

That is one hell of an increase in a week.

It isn't just the one item that is increasing in price by a huge amount, quite a few are and they all add up.

Yes food has definitely increased since Dec. Bread and pasta are the two i have noticed increase in tesco's.

WTF?_2

slipthru wrote: »

Yes food has definitely increased since Dec. Bread and pasta are the two i have noticed increase in tesco's.

If anything is coming down in price, it should be food (OK, fuel too). It all depends on just how much of it we import I guess.

I would expect the prices of a lot of imported electrical/electronics to shoot up by quite a bit soon, as well as availability to drop. I'm 'up' about 10% on a basket of expensive gadgets and home cinema gear I bought in Nov/Dec.

One way or another, we are looking overall at a deterioration in our living standards in the coming years. We'll be hit at both ends by an overall fall in employment/ average incomes and higher prices on a lot of consumer stuff. If you are carrying lots of debt then you can expect a lot more stress about the possibility of losing your job.


As sb44 said, grab it while you can. This is the last hurrah.

Burlesque_Babe

I think food is still going up in price, particuarly bread, pasta type products. They are saying prices slashed etc, but they are still more expensive than prices in Oct/Nov last year. For example, I was looking at buying some decent chopped tomatoes and even the cheapy ones are now 33p per can and Napolina are £1.08 - per can!

Masomnia

Napolina £1.08 now?!?! I thought 88p was pushing it! I get Netto's own, and I've noticed they've gone up a lot, I think they've gone up around 30% in a few months. Not good.

patchy987

agent_orange wrote: »

There is probably quite a few people in your situation, not many of them visit these particular parts. A lot of posters here seem to get a strange satisfaction the worse things get.

sorry if you took offense from my comment but if you read back on some of my posts you will see i have been so close to losing everything that i can now breathe a little bit easier. i was days away from losing my home and being declared bankrupt but am finally getting back on track which i wouldnt have done if prices kept rising.

i certainly dont get a satisfaction from things getting worse and people losing their jobs and i dont like you jumping to that conclusion, at no point did i even suggest that.

Thrugelmir

patchy987 wrote: »

hi guys

please dont slate me for my opinion

the credit crunch has so far only been positive for me. our mortgage has dropped by over £200 a month, petrol is 40p a litre cheaper than 6 months ago. food seems to be getting cheaper. sales are everywhere while retailers try to tempt people in.

ok on the other hand we have lost a lot on our house price but as we dont plan to move its not a big issue right now.

is anyone else finding theirselves better off at the moment , crazy as it may sound

As quickly as costs fall they could rise again. Tax rises are on the horizon so "make hay as the sun shines" as the old expression goes.

SingleSue

patchy987, I think agent orange was being supportive rather than having been offended.

He was pointing out that a fair few posts here are doom and gloom and that some posters may get some satisfaction from posting/reading the doom and gloom.

In short, he was saying that there are probably a fair few more people like you who have found things getting easier but that they tend not to post on this particular board.

For myself - savings are at a goodish interest rate, locked in (although it would help if the savings were of the large or even medium nature!), food, especially the basics, is still increasing but the cut in diesel is helping.

Still feel worse off than this time last year and these last 4 or 5 weeks has been a real struggle.

FungusFighter

I'm really suffering, booze has gone up:beer:

FungusFighter

SingleSue wrote: »

patchy987, I think agent orange was being supportive rather than having been offended.

He was pointing out that a fair few posts here are doom and gloom and that some posters may get some satisfaction from posting/reading the doom and gloom.

In short, he was saying that there are probably a fair few more people like you who have found things getting easier but that they tend not to post on this particular board.

For myself - savings are at a goodish interest rate, locked in (although it would help if the savings were of the large or even medium nature!), food, especially the basics, is still increasing but the cut in diesel is helping.

Still feel worse off than this time last year and these last 4 or 5 weeks has been a real struggle.

Sorry to hear that babe, wish I could help