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Debate House Prices


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If house prices fall another 37% ...

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Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    lostinrates wrote: »
    Some people do. But not a lot. How much is a new discovery or Audi6? What wage takes you into the top, lets say 5%, of earners? I have no idea. :confused:

    FWIW though Mewbie my dad just sold his audi for an expensive bag of peanuts. Its 8 or 9 years old, and it would come under the heading of ''flash'' to me.

    I doubt most mewed their homes for it. More likely have got a personal loan or HP, nothing wrong with that.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Let me labour the point a little bit longer.

    Ten years ago, typical street had a variety of builder's vans, and old cars. Not old Audi's - old Renault's, Mondeo's, Rover's. Actually a Mondeo would be flash.

    Move forward ten years and there are, admittedly mainly secondhand, but not all, Golf's, 4 x 4's, those truck things, BMW M3's.

    Now people did not become that much better off, except through borrowing. This is my viewpoint though, so carry on and ignore me.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Dan: wrote: »
    I doubt most mewed their homes for it. More likely have got a personal loan or HP, nothing wrong with that.

    I think you are probably right. :)

    I'm just concerned about overall debt levels: whatever we call it. :o
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    Let me labour the point a little bit longer.

    Ten years ago, typical street had a variety of builder's vans, and old cars. Not old Audi's - old Renault's, Mondeo's, Rover's. Actually a Mondeo would be flash.

    Move forward ten years and there are, admittedly mainly secondhand, but not all, Golf's, 4 x 4's, those truck things, BMW M3's.

    Now people did not become that much better off, except through borrowing. This is my viewpoint though, so carry on and ignore me.

    Okay fair point but as I just stated is there anything wrong with using a personal loan or HP?
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Dan: wrote: »
    Okay fair point but as I just stated is there anything wrong with using a personal loan or HP?
    No, and I've forgotten how we arrived at this point.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    No, and I've forgotten how we arrived at this point.

    umm...you said people mew to buy this and I said they more likely used a loan.

    ;)
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Dan: wrote: »
    Okay fair point but as I just stated is there anything wrong with using a personal loan or HP?

    IMO, no, nor is mortaging wrong, but dicing near the edge of unaffordabilty of debt srvicing, while possibly filing to prepare in finncial provision for the future too....its the overall picture, thesed are all just pieces in it.

    ETA: I'm obviously having trouble focusing, I can't even fix these typos. :(
  • carolt
    carolt Posts: 8,531 Forumite
    Dithering_Dad wrote: »
    From the evidence of this post, you're the only one conducting personal vendetta's carolt. Why do you insist on posting provocative messages when everyone else seems to be trying to get along for the good of our board? :confused:

    As for the 'friends' comment, all I can say is that at least I have them.

    I'm glad you have them.

    What happened to my being on 'ignore'? :confused:

    Seriously, DD - you could be genuinely liked - you don't need to try and pick fights.

    There is another way. :)
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Dan: wrote: »
    umm...you said people mew to buy this and I said they more likely used a loan.

    ;)
    well I am called mewbie, not loanbie. That's why I'm trying to wind bulls up on the HP forum, not in the debt free wannabees.
  • carolt
    carolt Posts: 8,531 Forumite
    Dan: wrote: »
    What about the under 70s?

    Some of them MEWed and some of them didn't.
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