We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
UK Unemployment on the up!
Comments
-
Yes! This is great news! Unemployement on the up so more and more people are gonna be out of work and wont be able to pay their mortgages, we can then snap up their homes for penuts.
I don't think this is great news at all. It will have far wider reaching effects than what someone can "snap up" a house for.0 -
steadysaver wrote: »I don't think this is great news at all. It will have far wider reaching effects than what someone can "snap up" a house for.
Yeah, but apparently you can cause an economic slump just by having the foresight to see it coming and warning others of it.
Those damn house price crash cheerleaders! :rotfl:--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
-
my view is if you can press a button, you can work.0
-
I worked for HSBC up until 2000. I saw in The Times this am that the they have increased the retirement age from 60 to 65 in the defined benefits scheme.
There is a shortfall in their scheme of £1,200 million.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »There is a shortfall in their scheme of 1,200 million.
Well people have developed this annoying habit of not dying.0 -
Well people have developed this annoying habit of not dying.
I don't want to die yet:eek:RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
-
With the credit crunch biting, costs of transport and drop in house building, rising costs of food - in fact there are so many indicators that people are not going to spend as much that it is inevitable that unemployment will rise.
Already there have been people 'let go' from companies at Gatwick Airport. Fewer people travelling by air will have a knock on effect through the local community. Many people in Crawley live transitory lives - renting rooms, temporary jobs.
Many people commute to London from here. If rail prices go up - which seems very likely - it leaves less in the pocket to spend elsewhere.
I think that the fall will seem gradual as every factor 'knocks on' to the next. I remember in about 1977 some economist on the tele saying there would be 5 million unemployed in 10 to 15 years. He gave his reasons but I didn't hear them as I was laughing so much at this stupid statement.
He was right. It happened. I don't think the reasons are the same as they were then, but it seems to me there are a lot of factors that make this slump look as though it will be bad.
The main one is that so many contributing factors are out of any individual government's control. Another is this countries huge level of personal debt leaves many people with no buffer against bad times.
Having been the voice of doom I will slink away........;)0 -
In other news, mitchaa's theory of continuing HPI based on strong employment and stonking annual payrises hits it's first 30,000 little snag.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards