UK Unemployment on the up!

Zammo

Dan: wrote: »

:rotfl: Good luck with that my friend.

Much appreciated. :money:

PasturesNew

What is more likely to happen is:
- house prices crash
- confidence is gone
- people who haven't experienced a recession will have had a hard time and realise the "what can happen" scenarios
- Govt/Councils/HA will have been forced to purchase a lot of the new builds to house people. And commit to a proper programme of house building to house poorer people (who will be greater in number by then)
- nobody will feel like rushing into buying a house for quite a number of years

If house prices aren't going up, people don't see the urgency as they can wait another year... and another .... no rush .... prices aren't going up... I'll be earning more next year.

What's happened in the last 5 years is house prices have gone up quite often at £10-20k/year, more than people could have saved (more than many earn even pre-tax), so there was an urgency felt to buying soonest/at any price.

It'll be years before anybody feels like that.

Don't forget - the next 5-10 years will be full of stories of woe, loss, bankruptcy etc from this current "boom". Never ending stories of empires crashing, over-stretched people being repossessed, mis-selling/fraudulent mortgages and court cases galore.

cookie_monster

Lets hope we can add another person to this unemployment list by the name of Gordon Brown.

Reds-on-Sea

Kirstie and Phil could start a new show on Channel 4 helping people find jobs instead of properties...

I can just imagine it...


they could call it...


wait for it...


"Vocation, Vocation, Vocation"

*groan*