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Debate House Prices


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UK household finances stretched

13

Comments

  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    edited 13 December 2010 at 5:56PM
    RenovationMan wrote: »
    Our household finances are stretched. We're having to have solid wood work surfaces in the kitchen instead of granite. :(

    Damned recession.

    Bit off topic I know but IMO American Black Walnut worktops are the dogs danglies ,provided they are constructed from nice wide boards and not small staves glued up........

    Granites really not its all cracked up to be....and reconstitued stone, Corian etc can stain at least with wood you can re sand and oil and it looks as good as new.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've never seen anything posher than bog standard chipboard coated in a print, usual kitchen top stuff. That does the job.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    doire wrote: »
    If i want something i save for it. I dont go looking to get into debt. Thats whats wrong with this country!

    If everyone followed your advice we wouldn't have much of an economy though.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The survey also found that 90% of respondents expect to be heavily affected by government austerity.

    However, fewer than half had taken any steps in anticipation of the budget cuts, such as increasing savings, working longer hours or looking for a new job.

    You've gotta love the British.

    Q. Do you think you're f*cked?
    A. Yes, I reckon so.
    Q. You doing anything about it?
    A. Er, no. Should I be?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    Interesting that low LTV mortgage holders are more worried about their situation than high LTV.

    65% of £500k is a far worse position to be in than 90% of a £100k.

    There are a considerable number of people with large interest only mortgages who are now facing more difficult financial circumstances.

    (RMan I'm not referring to you either).
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Cleaver wrote: »
    You've gotta love the British.

    Q. Do you think you're f*cked?
    A. Yes, I reckon so.
    Q. You doing anything about it?
    A. Er, no. Should I be?

    Moaning on internet forums - that helps doesn't it?
  • THE_GHOULISH_CODPIECE
    THE_GHOULISH_CODPIECE Posts: 106 Forumite
    orpheo wrote: »
    1997-1998 saved money.
    1998 bought a cheap used car outright.
    1997-2003 saved money.
    2003 bought a better used car outright.
    2003-2009 saved money.
    2009 bought an even better used car outright.

    2010 yawn!!!
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    THE_GHOULISH_CODPIECE wrote: »
    2010 yawn!!!

    You're dribbling, Goulash.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thrugelmir wrote: »
    65% of £500k is a far worse position to be in than 90% of a £100k.

    There are a considerable number of people with large interest only mortgages who are now facing more difficult financial circumstances.

    (RMan I'm not referring to you either).

    I'd much rather be the 65% of 500k with 165k more equity than the other option! Although I have to add my house too is worth around 500k but unmortgaged, but given that choice there would be no doubt in my mind which I thought was better.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucknorris wrote: »
    I'd much rather be the 65% of 500k with 165k more equity than the other option!

    I'd prefer to have £90k of debt to service and repay than £325k.
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