We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Approvals for August Rise to 2009 High .
Comments
-
Thrugelmir wrote: »This is a different recession to the past. The effects will be longer lasting for the majority. For those that didn't make money in the past 10years then times will be tough.
for the depth of the recession we haven't done too bad if only 2% of people currently available for employment have lost their jobs.
you've made it sound like a mad max doom scenario that nobody will be making or having money in the future. it's not like that.0 -
for the depth of the recession we haven't done too bad if only 2% of people currently available for employment have lost their jobs.
you've made it sound like a mad max doom scenario that nobody will be making or having money in the future. it's not like that.
The losers will outnumber the winners. Thats all I'm saying.
If you've capital then there's always the opportunity to make money. If you've made your fortune and can invest in Corporate bonds through an ISA yielding 10%. Then why worry?
Unfortunately most people need to work for a living.
As an example. You need the general populace to be spending money to make money in the economy. Paying off debt and saving will cause the economy to contract further. As activity levels in say the retail sector on which a huge number of people rely on for employment will diminish. We are a consumer based society in the UK.0 -
Am I right in thinking far more people are losing their jobs than are taking out mortgages?
Just trying to get some perspective on things.0 -
Read something today which said although mortgage approvals are getting higher, succesful mortgages are lowering. This is due to people getting stuck in chains fro prolonged periods.
Always a different side to every coin.0 -
-
Am I right in thinking far more people are losing their jobs than are taking out mortgages?
Just trying to get some perspective on things.
Ok, now you have some perspective, what is your point?
There was always more people unemployed than taking out mortgages too
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
i've got another pointless perspective for you:
50% of the people married last year were women
except for Elton John Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards