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Debate House Prices
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UK family debts increase by nearly 50% in a year
Comments
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RenovationMan wrote: »It's hard to know the truth because other reports show that personal debt is falling. Probably best to just sort one's own finances out and not worry/crow about other people's.
But I do have worries about the many, and I believe, increasingly, profligate people, that don't have any clue, whatsoever, about the precarious financial situation that they are in, because ultimately who is going to have to pay for it? Yes, the taxpayer! Shocker! :wall:
Maybe those people that have not extended themselves beyond what they know to be viable are getting sick & tired at the easy way out for these profligate fools. It's OK watching your own finances, making sure that you are not spending beyond your means, but why the !!!! do we also now have to subsidise these !!!!less, clueless idiots?There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »But I do have worries about the many, and I believe, increasingly, profligate people, that don't have any clue, whatsoever, about the precarious financial situation that they are in, because ultimately who is going to have to pay for it? Yes, the taxpayer! Shocker! :wall:
Maybe those people that have not extended themselves beyond what they know to be viable are getting sick & tired at the easy way out for these profligate fools. It's OK watching your own finances, making sure that you are not spending beyond your means, but why the !!!! do we also now have to subsidise these !!!!less, clueless idiots?
Throughout history the strong have always saved the weak, this is just a new modern day form of that.0 -
If you ever come across people in financial difficulty and they have a mortgage ask them if it is an interest only mortgage.
9 times out of 10 it will be.
Are you saying this, because people who only take an IO will always be the ones struggling or because they have started to struggle and have switched over to an IO, to decrease their outgoings?0 -
Are you saying this, because people who only take an IO will always be the ones struggling or because they have started to struggle and have switched over to an IO, to decrease their outgoings?
I think he/she is suggesting that they live in lala land and think everything will work out okay in the end so have just chosen the cheapest option e.g. IO.0 -
Believe it or not, but not every post is directed at you.
It hadn't clicked with me before, but you've pegged Renovation Man with this post. Bravo.
:T1. The house price crash will begin.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.0 -
Read the quote in the first post again everyone.
Apparently unsecured debt is up because of inflation and 'fear of redundancy' and yet in the last paragraph average income is up by 7% which is higher than any measure of inflation. As generali points out unsecured debt is falling and I believe credit card balances are falling. 2 pages of debate over numbers that are clearly rubbish - sums up this place really.I think....0 -
That 7% is interesting what do you make of that Graham0
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