personal debt, & ongoing risks...

Bullfighter

Really2 wrote: »

Good to see most people have £12,000+ available cash.

Come on!! Most people would class the bottom end of the 2nd hand car market as £500-£4,000 definitely cash purchase territory!

Energy is actually falling and home energy has been falling for over a year.

It inflated massively and has slowly contracted - it is cyclical!!!

looks like everything is fine if that is the case! got any better ones.

Most of the things we have talked about are caused by currency devaluation, if the £ had not devalued we would be in deflation.

So you agree that we are in a sterling priced biflationary environment! ?

Really2

Bullfighter wrote: »

Come on!! Most people would class the bottom end of the 2nd hand car market as £500-£4,000 definitely cash purchase territory!

No I class second hand car as used car at franchises and car supermarkets. (you said secondhand was the cheaper end not I, you are talking about doddgy dave down the road:))

Non sell cars under £4K and I do not think cars under £4K increased in value it was cars under 5 years old.
AFAK I do not think they track the prices of sub 5 YO cars TBH.

You are talking low end, 3rd or 4th hand. I clearly said second hand, that market is cars younger than 7 years old.

Bullfighter wrote: »

It inflated massively and has slowly contracted - it is cyclical

It went up in the credit boom, you said it went up due to cash

Bullfighter wrote: »

So you agree that we are in a sterling priced biflationary environment

We had asset deflation in 2008, I do not think we are in that stage now, what other assets are deflating at the moment more than their normal depreciation.

You can't just base the theory on just house prices, that is not biflation.:)
Touche.

Bullfighter

Really2 wrote: »

No I class second hand car as used car at franchises and car supermarkets. (you said secondhand was the cheaper end not I, you are talking about doddgy dave down the road:))

Non sell cars under £4K and I do not think cars under £4K increased in value it was cars under 5 years old.
AFAK I do not think they track the prices of sub 5 YO cars TBH.

You are talking low end, 3rd or 4th hand. I clearly said second hand, that market is cars younger than 7 years old.
It went up in the credit boom, you said it went up due to cash

I still maintain that cheap used cars have increased in price (cash purchases).

We had asset deflation in 2008, I do not think we are in that stage now, what other assets are deflating at the moment more than their normal depreciation.

You can't just base the theory on just house prices, that is not biflation.:)
Touche.

Well, maybe I'm wrong about biflation - I just don't see uniform price deflation, I'm bullish on commodities and energy prices which would normally be hardest hit in times of traditional deflation.

I still stand by my prediction though that we will see massive monetary inflation in the near term... once governments & markets realise that their is no chance of a growth based recovery, and especially since currency devaluation is seen as the only way out it will happen very quickly.

StevieJ

PasturesNew wrote: »

I paid cash for my 2nd hand car. Splashed out; instead of spending £2-3k which is enough for a car, I spent £6500 (less £1k trade in). I hope it will last me 10 years. Last car lasted 9 years and there was nothing wrong with it except I wanted to change it for a different style of car to meet a different set of needs/wants criteria.

That's a bit spendthrift

Really2

Bullfighter wrote: »

I still maintain that cheap used cars have increased in price (cash purchases).

But the ones on credit have also so no biflation there.

Bullfighter wrote: »

I'm bullish on commodities and energy prices which would normally be hardest hit in times of traditional deflation.

I still stand by my prediction though that we will see massive monetary inflation in the near term... once governments & markets realise that their is no chance of a growth based recovery, and especially since currency devaluation is seen as the only way out it will happen very quickly.

I agree but that is demand led inflation, populations are still expanding these things will always inflate or hold up better than others as they are necessities of life.

If the last bit happens their will be a fair bit inflating assets also, and we know where brits love spending their cash. (Personally I think house prices will deflate in real terms for years on the back of low inflation and Low IR)

Bullfighter

deleted message

Graham_Devon

Really2 wrote: »

No I class second hand car as used car at franchises and car supermarkets. (you said secondhand was the cheaper end not I, you are talking about doddgy dave down the road:))

Doesn't really matter what you personally class it as.

Second hand means used. Whether it's 3rd, fourth or 10th owner, or indeed, the second.

I won't be back to argue this one out. Because, well, everyone knows what second hand means. It can mean 12k. But it can also mean 1k.

12k would be on the expensive side of the second hand car market. Afterall, you can buy most manufacturers small cars brand new for less than your second hand figure.

All second hand cars rose in price, even over 10 year old cars. Infact, these rose in price sometimes more than the 5 year old cars due to so many being crushed under the scrappage scheme. People still wanted / needed to buy these cars, but stock was falling. The only ones that didn't increase in value, was the gas guzzler type.

Really2

Graham_Devon wrote: »

Doesn't really matter what you personally class it as.

Yes if you are making out nearly all second hand purchases in the UK have gone up because they are purchased with cash!!!!!!! As per the thread debate.

Graham_Devon wrote: »

Second hand means used. Whether it's 3rd, fourth or 10th owner, or indeed, the second.

I won't be back to argue this one out. Because, well, everyone knows what second hand means. It can mean 12k. But it can also mean 1k.

12k would be on the expensive side of the second hand car market. Afterall, you can buy most manufacturers small cars brand new for less than your second hand figure.

All second hand cars rose in price, even over 10 year old cars. Infact, these rose in price sometimes more than the 5 year old cars due to so many being crushed under the scrappage scheme. People still wanted / needed to buy these cars, but stock was falling. The only ones that didn't increase in value, was the gas guzzler type.

So do people buy second hand cars on credit as well as cash ?

Have the ones purchased on credit gone up just as much as the ones on cash?

Was that was what was being debated?

So perhaps you should pull up the other poster saying second hand was mostly £4K and under GD as you know it can be £50K+ so yes the value is irrelevent
What they are purchased on is the point!!


Here to start again I see

nearlynew

Oh f*ck.

Here we go again.


Another 6 pages of bickering about who said what and what they meant to say.
And what they thought the other said.
And whether they have always said it or just made it up.

And so on............

Can we just cut straight to the mister muddle picture and save some time?

Really2

nearlynew wrote: »

Oh f*ck.

Can we just cut straight to the mister muddle picture and save some time?

Does it really matter about Mr muddle,

I will pull you up on that just for the sake of it, I know someone else debated against it but I will ignore that.

What I will do is pull up one thing you said ignoring the debate just to have an argument.

I know you and the other poster understand each others point of view but I want to derail the thread.

This post is irrelevent to the debate but I thought I would do it anyway, I don't want to argue.:D