Debate House Prices


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Wannabe WAG in £85K Debt

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  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Blacklight wrote: »
    Important Graham because people love to remind us how much the 'average' wage is in this country and how intrinsically linked to house price this magic number is.

    They love to tell us how out of kilter house prices are with the 'average' wage and how this cannot possibly be sustained.

    Although here we have someone employed in work with the social standing just a little above bin man earning a little more than the 'average' wage, which demonstrates what complete bоllocks that whole argument is.

    She lives, and therefore, works, in London.

    There is land outside of London, you know?

    You have highlighted the part of the country with the highest wages, and then started a tangent about average wages?

    You have then cast the average wage argument off as rubbish, using a london wage to do so?
  • bendix
    bendix Posts: 5,499 Forumite
    I don't know if it's true or not - it looks made up to me - but it is valid in the sense that it is symptomatic of an attitude of entitlement in modern western society. No wonder the militant muslims despise us.


    Frankly, I have a lot of sympathy with the notion of debtors prison.

    There needs to be more shame and repercussions for this type of empowered irresponsibility.
  • Loopgames
    Loopgames Posts: 805 Forumite
    I feel a bit jealous of these women to be honest!

    I wonder if I should take a single leaf from their books and just spend more on myself. Looks like a nice lifestyle. However, I'm rubbish at spending. Don't know what suits me, probably never thought about it so can't be bothered. I gained lots of weight after having kiddies so quite down about that..however, looks like I can spend my way to a skinnier life from that article...:D oooh..tempting.

    Of course I could just save a little every month and treat myself but where's the fun in that.
  • mynameisdave
    mynameisdave Posts: 1,284 Forumite
    A £4,500 coat, presumably, will be seen as an asset and sold off to recover her debt. How will she start again with her credit rating? She ain't going to get half a dizen CC's in a hurry
  • michaels
    michaels Posts: 29,107 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Elsewhere you will find people complaining that even though they took out 'unsecured' debt the lender is attempting to recover their loan from any equity they have in their property or that they have given money to a child and the lender is trying to get their money back from them. Similarly with those who are dredging through the small print of the credit agreements to try and find a mistake that will render a debt unenforceable. Really spending someone else's money with no intention to return it is theft even if you dress it up as bankruptcy.

    Jail is probably not the right place for these people but it should be possible to make an attachment to their earnings for ever so that they can not just spend a couple of hair shirt years and then go back to their previous ways.

    The only thing I think should be allowed though is that if a debt is sold the creditor should have the right to purchase it on the same terms.
    I think....
  • jamespmg44 wrote: »
    Should bring back debtors prisons for these folk.

    Quite clearly committing theft and should go to jail for it.


    Are you a theif if you steal something from someone that stole it themselves?
    Not Again
  • prison for 25 years would sort out this thief.


    50 years for you....
    Not Again
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    She still looks rough though, even with the designer togs.

    Hopefully she'll get her rude awakening soon. Getting into debt to put food on the table for your children and getting into debt to buy designer fripperies are two totally different things. One deserves compassion, the other doesn't.
    Illegitimi non carborundum.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    She lives, and therefore, works, in London.

    There is land outside of London, you know?

    You have highlighted the part of the country with the highest wages, and then started a tangent about average wages?

    You have then cast the average wage argument off as rubbish, using a london wage to do so?

    As usual, you've missed the point.

    I'll try and type this slowly for you.

    If she's earning £25k making the tea and doing what any trained chimp could do then how much do you think professionals earn?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Blacklight wrote: »
    As usual, you've missed the point.

    I'll try and type this slowly for you.

    If she's earning £25k making the tea and doing what any trained chimp could do then how much do you think professionals earn?

    Was that your point?

    Blimey. You have a strange way of describing your point then.

    I must admit, comparing her job to a bin man, and then saying the average wage is therefore rubbish, never really jumped out to me as you posing the question "how much do you think professionals earn".

    Sorry for missing "the point". :)

    So, for clarity...are you still ruibbishing the average wage...or not?
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