HPC chain gang

benb76

yertiz wrote: »

A couple of reasons: Could be they are unable to find employment, or plain old priced out of the property market due to obscene bubble prices engineered by money lenders and other vested interest groups. We have robbed our young of hope.

Being unable to find employment by your mid 20s doesn't exactly make you a winner in life though. And those that choose to live with mum and dad - having their tea cooked and shirts ironed for them rather than learn to stand on their own 2 feet - when they can afford to be independent, are, by many people, considered a bit inadequate.

homelessskilledworker

DpchMd wrote: »

*looks out window*

*tumbleweed blows by*

Putting your usual obtuse reply aside as usual and assuming your metephor of "tumbleweed blows by" refers to nothing is happening I suggest you for some reason have not been watching the media and are fixated to programmes like TOWIE and Eastenders.

From my part of the world I am watching the crisis of Spain unfold, previous to that was Greece which still has a few chapters to go yet, if you cannot see the concern in the financial markets right now then you have convinced myself that this board is nothing but a bun fight between bull and bears.

moneyinmypocket

Homeless - I have too watched the Spanish situation unfold - have you noticed how reporters always say that Spain and Ireland had a housing bubble but the uk doesn't get mentioned as having that problem - views?

homelessskilledworker

moneyinmypocket wrote: »

Homeless - I have too watched the Spanish situation unfold - have you noticed how reporters always say that Spain and Ireland had a housing bubble but the uk doesn't get mentioned as having that problem - views?

I am not certain what you want my views on, but I will give it a stab and if I am not specific enough just let me know.

In short the UK is just a place where a crash(but a gradual decline of between 10% and 20%) has not taken place yet through avoidance measures that have been put in place on the HOPE of things changing, i.e growth for example.

100 Billion will be the initial bail out amount that the Spanish banks will need with the begging bowl certain to come out later again. Once Spain starts the rest are sure to follow, Portugal, Italy for example.

We still have Greece to vote on June the 17th, in short and of course it is only my opinion the options are close to running out, there just is not enough to bail all these countries out and I think there is a huge chance of contagion taking hold.

The UK housing market reached it's peak in 2007 on the back of easy to come by borrowed money which played a big part in causing the problems we are now witnessing and have already seen.

For the reasons I explained above I think borrowing money will not only be near impossible to get hold of but it will also become more expensive for those that want it(and already have it).

Also, and this is just my broad thinking on this whole mess, deep down I think ALL the leaders and those with any influence in what is now happening know that the end of this story is going to be an explosion, and nearly all of them are trying not to be the one that brings the whole house of cards down. What is happening now is the same as an over indebted homeowner sticking a few more thousand pounds onto his credit card to pay his debts and Bills hoping with very little chance of success that something comes along or at best there will be a huge number in the same boat as him.

And for the record I think the UK is not nearly the safe haven some claim it is, in a lot of ways it is the most dangerous.

Thrugelmir

moneyinmypocket wrote: »

Homeless - I have too watched the Spanish situation unfold - have you noticed how reporters always say that Spain and Ireland had a housing bubble but the uk doesn't get mentioned as having that problem - views?

Both Spain and Eire had speculative development booms coupled with a lax credit lending policies. That have resulted in a huge oversupply and banks incurring billions of pounds of bad debt. The UK suffered from lax lending policy but not the development boom.

So the UK has the ability to unwind itself from the debt issues that relate to residential property. In a measured way. Over many many years. Rather than suffering an immediate devaluation of asset prices.

Percy1983

benb76 wrote: »

Being unable to find employment by your mid 20s doesn't exactly make you a winner in life though. And those that choose to live with mum and dad - having their tea cooked and shirts ironed for them rather than learn to stand on their own 2 feet - when they can afford to be independent, are, by many people, considered a bit inadequate.

Can people not live with there parents but still do these things for themselves? I know I did. So as it is moving into my own place was no shock as I just carried on doing what I was before I just do less ironing and more cooking now as my other half is does somethings too.

yertiz_2

benb76 wrote: »

Being unable to find employment by your mid 20s doesn't exactly make you a winner in life though. And those that choose to live with mum and dad - having their tea cooked and shirts ironed for them rather than learn to stand on their own 2 feet - when they can afford to be independent, are, by many people, considered a bit inadequate.

"Choose"? And what is a "winner" in life? My experience is that most cook their own meals, iron shirts (or blouses ), and if they can "afford to be independent", they would. Imo many would not opt to live with M & D out of choice, but necessity. And those that do have someone to support them in these difficult times are the lucky ones; some don't.