House Price Crash Discussion Thread

setmefree2

guidarufino wrote: »

I myself have been guilty of living way beyond my means through credit in the past and am still paying for it now, though my house sale and the money I've made in the past 5 years is going to pay it all off with some left over for a deposit. And I think that's typical of a lot of people who got heavily into debt and relied on making money on their houses to pay it off. It's been all too easy to do that in the past and I think a massive readjustment in people's attitudes is needed.

I also think the whole borrow and spend thing is symptomatic of a deeper problem in our society that people think that money and buying stuff makes you happy. I know so many people who earn very respectable salaries, couples who earn £70k plus between them and still think of themselves as being skint!! It seems to me that, with a lot of people, no matter how much they earn, it's never enough because they're always going to want a bigger telly, a newer car, a swankier holiday, more clothes etc etc etc. I think you can drive yourself mad by buying into the whole consumerist myth. Buddhists have the right idea on this one!

http://news.bbc.co.uk/1/hi/business/7336336.stm

Article entitled : Richer, healthier but not happier.

neverdespairgirl

guidarufino wrote: »

It seems to me that, with a lot of people, no matter how much they earn, it's never enough because they're always going to want a bigger telly, a newer car, a swankier holiday, more clothes etc etc etc. I think you can drive yourself mad by buying into the whole consumerist myth. Buddhists have the right idea on this one!

It's not just Buddhists who are anti the whole consumerist thing, though.

I utterly agree with you. Too many people now use shopping to fill their existential voids - "I consume, therefore I am". Thinking is more money-saving! Stick to cogito ergo sum (-:

snoopy78

m00m00 wrote: »

there is no specific housing bubble, there is a massive generic DEBT bubble, housing is just one part of a much bigger, and gloomier picture.

I don't think anyone else on this forum has summed the situation up better than this, well done m00m00!

neverdespairgirl

dolcevita wrote: »

:T


Don't you just love these posh, educated birds?



I know I do

I'm going to take that as a compliment:T

pickledtink

dolcevita wrote: »

:T


Don't you just love these posh, educated birds?



I know I do

My earlier response to this post was blocked. Apparently it is forbidden to express the opinion that Mr Dolcevita is a small circle of pastry with jam in.
Oh well.....

harryhound

This is a big “HI” to posters old and new :j:hello:. I’ve been away for a couple of weeks. So I’ve had to do a fair amount of reading to catch up.:D
On a thread that “takes no prisoners”, I found a stimulating posting by “pickledpink”, with both sides of her major asset acting in concert.

pickledpink wrote: »

It's a satisfying feeling to know you're King of your own Castle - it makes for a better family life.

.

Shush, if we listen carefully, can we hear the sound of biological clocks ticking? Clocks which are out of sync. with an 18 year house price cycle?
Will the “IPODs” form the first compulsory childless generation? Will those years in their 20’s, spent maxing out the plastic, now result in compulsory contraception? Now is the time to struggle in negative equity, unable to move and definitely unable to pay a mortgage on a single salary?

All IPODS should re-read “SingleSue” on the reality of negative equity.
Can the “school-milk” and the “Acorn” generation offer a little wisdom to the “IPOD” generation.

Ah well I suppose it will help with the UK’s commitments to reducing its carbon footprint;).
Harry.

OMG this is the devil's work: Post Count: 666

http://science.nationalgeographic.com/science/health-and-human-body/human-body/brain-article.html
http://forums.moneysavingexpert.com/showthread.html?p=9962967#post9962967
http://en.wikipedia.org/wiki/IPOD_generation
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/01/05/nmilk105.xml
http://www.telegraph.co.uk/connected/main.jhtml?xml=/connected/2008/04/05/dlclaud105.xml&page=1

HammersFan

dolcevita wrote: »

:T


Don't you just love these posh, educated birds?



I know I do

Proof that opposites attract. Unless dolcewhatsit is a woman.

PasturesNew

I'd like to be a posh, educated bird.

.... I didn't know the Joker was in the pack when I started playing and said "deal then".

But I've got a very high IQ, if that counts for anything ...?
No, didn't think it did.

PasturesNew

pickledtink wrote: »

My earlier response to this post was blocked. Apparently it is forbidden to express the opinion that Mr Dolcevita is a small circle of pastry with jam in.
Oh well.....

Just checking .... do you mean a tart?
I'd hate to miss a joke because I was thinking too literally.

neverdespairgirl

PasturesNew wrote: »

I

But I've got a very high IQ, if that counts for anything ...?
No, didn't think it did.

No, it counts for a great deal. Much more important than many things (although I'm with the New Testament on this one - compassion is the most important of virtues.

I had a wonderful education. That makes me a lucky person, not a better one.


1 Corinthians, chapter 13


"1": Though I speak with the tongues of men and of angels, and have not charity, I am become as sounding brass, or a tinkling cymbal.

"2": And though I have the gift of prophecy, and understand all mysteries, and all knowledge; and though I have all faith, so that I could remove mountains, and have not charity, I am nothing.

"3": And though I bestow all my goods to feed the poor, and though I give my body to be burned, and have not charity, it profiteth me nothing.

"4": Charity suffereth long, and is kind; charity envieth not; charity vaunteth not itself, is not puffed up,

"5": Doth not behave itself unseemly, seeketh not her own, is not easily provoked, thinketh no evil;

"6": Rejoiceth not in iniquity, but rejoiceth in the truth;

"7": Beareth all things, believeth all things, hopeth all things, endureth all things.

"8": Charity never faileth: but whether there be prophecies, they shall fail; whether there be tongues, they shall cease; whether there be knowledge, it shall vanish away.

"9": For we know in part, and we prophesy in part.

"10": But when that which is perfect is come, then that which is in part shall be done away.

"11": When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things.

"12": For now we see through a glass, darkly; but then face to face: now I know in part; but then shall I know even as also I am known.

"13": And now abideth faith, hope, charity, these three; but the greatest of these is charity.