Innocents affected by this

mustrum_ridcully

thriftybabe wrote: »

My point is there are a lot of threads on here desperate for this crash to get worse so that house prices can be more affordable. However it is really affecting those ordinary people working in the housing industry who never saw the creamy profits that the housebuilders got!

The other innocents that are affected are the young boys leaving school looking for an apprenticeship. We have plenty of enquiries from school leavers looking to start in August as an apprentice with none being available.

We already have 5 apprentices and will be looking to pay them off if things do not pick up.

I believe unemployment figures will increase significantly in the next few months. June targets for builders are almost reached and as you will know the larger housebuilders are paying off a lot of people at the end of this month. Again this will affect the wider economy as less people with money in their pocket and this is just the beginning ..............

Yes it's not nice, but I wonder how many people in the building trade worried about the prices of a pair of jeans falling to £3 because they're made in China, there was a time they would of been produced in the UK.

Human beings unfortunately are often very self-centred, often even apparently selfless acts benefit us in someway, but we can't have it our own way all of the time no matter how much we stamp our feet. Yes you'll probably suffer because of the fall in house prices, I'm sorry but other people have suffered becuase of the rise in house prices. Should they continue to suffer to secure jobs in the building trade? Should even more people be made to suffer as houses become unaffordable for the average person to secure jobs in the building trade? Should the government try and contol the market so that house prices never rise faster than inflation to stop the boom and bust?

WTF?_2

thriftybabe wrote: »

Again this will affect the wider economy as less people with money in their pocket and this is just the beginning ..............

You hit the nail on the head - it's just the beginning.

This isn't the actual recession -this is just the prelude. Things are going to be bad, very bad. Especially if the BBC stories about 40% rises in energy prices coming down the pipeline are true - it will be a very, very difficult winter.

mr.broderick

!!!!!!? wrote: »

You hit the nail on the head - it's just the beginning.

This isn't the actual recession -this is just the prelude. Things are going to be bad, very bad. Especially if the BBC stories about 40% rises in energy prices coming down the pipeline are true - it will be a very, very difficult winter.

Ever got any good news !!!!!!?

dannyboycey

neverdespairgirl wrote: »

If you live in or near London, that's not a ridiculous mortgage.

Never said it was. It was the "I believe I am one of the innocents in that I only want a small house in which to bring up my family." comment, as it seeemed contradictory to the signature in my opinion. Perhaps I have the wrong end of the stick? I also live near london, and providing you have a deposit of 10%, there are lots of sub £200k 'small houses'.

pickles110564

mr.broderick wrote: »

Ever got any good news !!!!!!?

I have ITFC are still looking to buy more players.

player

I'd love a chance to default on a mortgage...

mr.broderick

player wrote: »

I'd love a chance to default on a mortgage...

Why it would kill your credit for 6 years

player

I'd like the chance,

I wouldn't take the opportunity though

mr.broderick

player wrote: »

I'd like the chance,

I wouldn't take the opportunity though

ahh i see..apologies..

melancholly

i don't even own a house and people like me are still going to be hit by the crash and other associated economic problems..... if rents rise a lot, i'm in trouble. meanwhile bills are going up for utilties and food, general unemployment is rising making more competition for any job i want to go to. this downturn is directly impacting on estate agents, developers, solictors, builders etc, but if there is a major crash (all depends on what you call major!), it effects us all as consumer spending will drop and cause problems in the retail and entertainment sectors etc etc etc. i'd love to afford to buy, and even if prices drop, it's very much a pyrrhic victory. this downturn is not a good thing at all, not for anyone.