Lets all talk ourselves into a recession shall we???!?

sparklycat

I agree with some of what Propertyguy7 is saying. Alot of this "credit crunch" has been caused by people getting greedy :mad: . Banks are not passing the interest rate cuts to homeowners, and it seems to me,they are trying to get back the money they lost. (OH has been saying this for a while and he has been right about most things so far and believes the market will steady out, he suffered the previous crash)
I think it is scandalous that buyers etc are now having to pay huge fees just to set up mortgages. £900 for what??? filling in a form? filling in a database?and if you want you can pay for a lower rate, quoted to myself yesterday by a well known bank, but that'll be £1400? for the priviledge! Pah!

Now,the goverment need to be a bit more proactive and sort it out, old wishy washy GB is useless and whoever votes him back in should shot at dawn! Who's idea was it to get rid of the lower tax band?, so surprisingly the rich get richer and the poor get poorer.

Anyway, that's my opinion , whether it's right or not, feel better for getting it off my chest!!:D

poppy10_2

propertyguy7 wrote: »

Am I not enititled to my opinion?

You are entitled to your opinion.
It's just that your opinion is rubbish.

propertyguy7

Laughing_Man wrote: »

Obviously you have a strongly held opinion that you're very sure of, therefore I can't expect you to listen to mine- so I won't offer it.

However, all you have really done here is ask everyone to ignore the recent bad news that you clearly find unsettling and to focus on the postive reporting that has predominated in recent years. You would make a much more convincing case if you actually addressed the issues at hand- for example: if you analysed the credit crunch and bond market crises, residential housing markets experiencing problems in other similar economies around the world etc. and provded a lucid explanation as to why we have nothing to fear from these here in the u.k., then went on to show how these are being innacurately reported to us, well, you would have a case for idle scaremongering in media.

What you have provided here is a longwinded, unsubstantiated, frankly non-sensical account of your own opinion that proves only your lack of familairity with fact.

I take it that this is aimed at me, propertyguy7! Your argument is just and I can see that if I had the information of all the above then my "rant" (as its been called) would have stronger grounds and would probably not found its way onto a forum such as this, but I don't have such information, so I am going on the way I see things, I take it this is allowed!! So what if it was long winded, it still prompted you post something and by the sounds of your reply you could possibly know some information or have a point of view different to mine, which I inturn would find very interesting. All this said though, having a pop at me in the last paragraph was simply unnecessary.

propertyguy7

poppy10 wrote: »

You are entitled to your opinion.
It's just that your opinion is rubbish.

So whats you opinion? How do you think things will turn out?

poppy10_2

propertyguy7 wrote: »

So whats you opinion? How do you think things will turn out?

Everything will be OK.

propertyguy7

poppy10 wrote: »

Everything will be OK.

Thanks for the words of extreme wisdom. Genius!

setmefree2

Totally sympathise with your view op - remember the millenium bug?:rotfl:Feels abit like that.

I've lived through a few recessions. Compared to what our parents lived through with the war etc even they were a picnic. Sorry I think life has never been sweeter...there are alot of peple in this world who would think they were in heaven living our lives.:A

chappers

propertyguy7 wrote: »

I agree they can't directly manipulate the system and that they make reports after the event and I also agree that the housing market is run on sentiment. You would hopefully agree with me that supply and demand is a major factor in the housing market and the general public can be manipluated by the press. With this in mind it does make the press a powerful, but yet subtle, talisman!

I agree that the press have fanned the flames of the property market but the underlying problem has been caused by the contraction of the credit market and that beyond the control of the press. it was bubbling away under the surface waiting to explode and there was nothing the press could do to cause it nor stop it.

sparklycat wrote:

I agree with some of what Propertyguy7 is saying. Alot of this "credit crunch" has been caused by people getting greedy

Greed is ahuge factor concerning the credit crunch but not just on the side of the consumer but everyone involved in lending and borrowing money.

ameliarate wrote:

I think you are very naive. They over-dramatise things that are going on and scare the gullible public - Northern Rock being an example - had the media not gone overboard about it the people would not have queued up to take their money out as fast as they could - as they were covered up to (?)£30K probably most of them didn't need to anyway - and the situation would almost certainly never have become as bad as it did.

I haven't really seen over dramatisation, how can you over dramatise something which is having a major effect on most economies in the world , has brought major global banks to their knees and is now having a filtering down effect on millions of members of the general public worldwide.

The trouble in NR was not caused by savers withdrawing their cash but by mis-management and irresponsible borrowing and market strategies from inside as well as further down the credit line. If all the savers had just left their savings alone in NR the situation would still be the same now.

What do we do have atotal media blackout on everything apart from what david and victoria beckham were wearing last night in case it has anegative effect.
I think we are moving into an era where the general public are more aware of the effects of borrowing and lending than ever before. i think in the last few months more people have learnt, how the global banking systems work, than in the last 10 years.
IMHO better to go in informed if only by the press than totally blind. A bit of fear promotes caution which is exactly what people should be proceding with in these volatile times.

propertyguy7

[/quote]What do we do have atotal media blackout on everything apart from what david and victoria beckham were wearing last night in case it has anegative effect.[/quote]

Currently I wouldn't mind reading about the Beckhams or some scandal involving Boris Johnson. Anything would be better than having to be confronted daily by the press and BBC telling me that my house price will plummet by 30% next year.

pickledtink

What do we do have atotal media blackout on everything apart from what david and victoria beckham were wearing last night in case it has anegative effect.[/quote]

Currently I wouldn't mind reading about the Beckhams or some scandal involving Boris Johnson. Anything would be better than having to be confronted daily by the press and BBC telling me that my house price will plummet by 30% next year.[/quote]

Gosh no. That would be awful. What sort of idiotic house owner would ever want to know such a thing?!
Heavens. They might do something really mad like start thinking through the ramifications and possible outcome financially.
Like future mortgage affordability, stagnating investment capital, and other silly bits of fluff like that!
Now back to Posh's new hairdo........