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Debate House Prices
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Debt really is wealth..... Apparently.
Comments
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Why not? Inflation normally encourages spending, on the grounds that if you don't buy it now, it will be dearer later. That's why deflation is so dangerous to economies - nobody spends because they're waiting for cheaper later.
For most people that is just not true in practice.
Just look at the consumer electronics market.0 -
HAMISH_MCTAVISH wrote: »...
Also of interest, since 1995 household debt has risen from 104% of household income to 173% of household income, but household financial assets have risen more, from 360% of income to 442% of income...
The problem with that kind of average statistic is that there is no guarantee that the people who have incurred the household debt actually own the financial assets.0 -
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RenovationMan wrote: »Yes, this week you don't live around Manchester. Remind us where you do live?
30+ miles from manchester.
Looking to buy within a 20 mile radius of where i live now.
Do you need the postcode ?0 -
SecondLegDownIsTheBigOne wrote: »What if I don't need to buy anything? Living costs aside, I have all the shizzle I need. If any appliance packs up tomorrow, I'll go out tomorrow and buy one to replace it. I own all my "possessions" outright, we own our car outright, we own our furniture outright, we own our appliances outright and we have no debt.
I don't have a speak-your-weight mobile phone, I don't need one. A couple of friends were showing off their tablets, I played around with one for a while, determined that it does nothing that I need that my laptop doesn't and in fact fails to do 1 thing that is essential to me. Why should I buy one? To keep someone made to work for their JSA occupied? I know the difference between need and want. But if anything goes wrong with life tomorrow, I know I can cope for a while.
:T Just love this post!0 -
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RenovationMan wrote: »Just the town name would do, at least then we could verify your stories. I live in Oldham, BTW.
Windy up there last week wasnt it.0 -
MrsRewired wrote: »Just answer his question already, lad.
Im from maidstone.0 -
SecondLegDownIsTheBigOne wrote: »What if I don't need to buy anything? Living costs aside, I have all the shizzle I need. If any appliance packs up tomorrow, I'll go out tomorrow and buy one to replace it. I own all my "possessions" outright, we own our car outright, we own our furniture outright, we own our appliances outright and we have no debt.
I don't have a speak-your-weight mobile phone, I don't need one. A couple of friends were showing off their tablets, I played around with one for a while, determined that it does nothing that I need that my laptop doesn't and in fact fails to do 1 thing that is essential to me. Why should I buy one? To keep someone made to work for their JSA occupied? I know the difference between need and want. But if anything goes wrong with life tomorrow, I know I can cope for a while.
I could have written this.
Last weekend I played around with an iPad2 for a while. Cool bit of tech, but I would find it difficult to justify the ~£500 for something that doesn't do much that my old laptop can't.
Toying with getting an Android phone, but again, my old(ish) Nokia does the job perfectly well (makes/receives calls, texts, Sat Nav) and doesn't need charging every day, even with an ageing battery.
It is nice to have shiny new cars, gadgets and appliances, but I find it even nicer to have older stuff, knowing that I have the means to replace anything that goes wrong without going into debt.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
MrsRewired wrote: »Just answer his question already, lad.
He won't, he's a sockie and by definition he can't give away his real location because he doesn't exist.0
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