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Debate House Prices


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Not sweet reading for debt junkies.

DervProf
DervProf Posts: 4,035 Forumite
in Debate House Prices & the Economy
http://www.bbc.co.uk/news/business-17346701

Well said Suralan.
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
«1345

Comments

  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    DervProf wrote: »
    http://www.bbc.co.uk/news/business-17346701

    Well said Suralan.


    Good article,claims the younger generation have it all with little effort.

    Much the same as those who expect a house that currently matches their parents expectations.
    Official MR B fan club,dont go............................
  • abaxas
    abaxas Posts: 4,141 Forumite
    ess0two wrote: »
    Good article,claims the younger generation have it all with little effort.

    Much the same as those who expect a house that currently matches their parents expectations.

    That is by definition the problem we are facing. Any civilization which does look forward and constantly improve is one that is dying.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    He's talking about business lending.

    I doubt he gives much thought to mortgage lending and the relative cost of renting and buying over a lifetime.
  • DervProf
    DervProf Posts: 4,035 Forumite
    wotsthat wrote: »
    He's talking about business lending.

    I doubt he gives much thought to mortgage lending and the relative cost of renting and buying over a lifetime.

    That may well be the case, but I think the same principles apply.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    DervProf wrote: »
    That may well be the case, but I think the same principles apply.

    But you referred to debt junkies (referring to personal lending) as your thread title but Sugar was talking about business lending, which is different.

    Anyway, as you've brought your own thread off topic - wasn't the emailer phone crap?
  • DervProf
    DervProf Posts: 4,035 Forumite
    FTBFun wrote: »
    Anyway, as you've brought your own thread off topic - wasn't the emailer phone crap?

    Put it this way, I didn't want/buy one.

    My parents did, however, buy an Amstrad tape chewer, I mean Hi-Fi, I mean thing that played music when it didn't break down.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    FTBFun wrote: »
    But you referred to debt junkies (referring to personal lending)

    Actually, I used the term to describe those that want the banks to lend more, for whatever purpose.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I save setup my own business from scratch, as it is I have now covered all setup costs so its profit from now on (of course I still have material costs).

    With that my parents didn't give me everything I was always the kid without the latest stuff.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Percy1983 wrote: »
    With that my parents didn't give me everything I was always the kid without the latest stuff.

    Dont you still live off your parents though? Perhaps with all the money you've saved, you can now afford the nice stuff - rather than coming on here taunting "stupid" tenants, as you call them
  • ILW
    ILW Posts: 18,333 Forumite
    DervProf wrote: »
    Put it this way, I didn't want/buy one.

    My parents did, however, buy an Amstrad tape chewer, I mean Hi-Fi, I mean thing that played music when it didn't break down.

    The earlier Amstrad products were a brilliant concept.

    Basically it was to put a cheap music centre in a casing that made it look like an expensive hifi system. They sold millions by supplying what the customer actually wanted. (or thought they did).
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