market crash ?

[AtoZ]

If you buy your house as a home to live in, price fluctuations don't matter.

You need one house, you have one house.

The people who look on houses as a get-rich-quick scheme, geared up to take advantage of expected price inflation - who cares if they go bust? Not me.

agreed.

i do care about the ordinary young-uns who get caught out.
money has been too easy to borrow but you are a cautious auld fart if you point this out.
i do remember good people who got stung last time around and if im honest it could just as easily got me.

15% a brand new baby and a just moved into a big flash house. there by the grace of god..

 

[JohnD]

That's the trouble with being young

If you don't remember it ever happening before, you think it won't happen again.

The next batch of youngsters buying their first house might be pleased if house prices see a bit of a fall.

As for borrowing money against your house to spend on holidays, cars, furniture... most people only make that mistake once.

 

[oompah]

The way things are going with the pound sliding against the euro we will soon have a one pound to a euro therefore a back door way of getting us to have the euro as our currency.I wonder if the crisis is being aloud to fester for the above to happen.Brown says our economy is strong enough to ride out the storm reminds me of a former labour pm declaring crisis what crisis.

 

[tim west]

Brown says our economy is strong enough to ride out the storm reminds me of a former labour pm declaring crisis what crisis.

Thats exactly what i was saying where the media put the words into peoples mouths and then the public think it was them that said it, that quote was if i remember right from a Sun journalist(the sun was a big tory supporter then) as far as i know Jim Callaghan had never said it ,bit like old bones saying "It's worse than that he's dead jim"

And the media are trying to do it again, scaremongering when our economy is actually on the right side just slowing up a bit.

 

[oompah]

But is it slowing a bit or crashing when D Healy went begging to the IMF back in the mid 70's it was after the pound lost about 12% of its value its now lost about 20% against the euro its not the media talking it down on the foreign exchanges.Oil is now up to $114 a barrel there fore higher petrol and diesal to follow don't think this is media driven.

 

[tim west]

But is it slowing a bit or crashing when D Healy went begging to the IMF back in the mid 70's it was after the pound lost about 12% of its value its now lost about 20% against the euro its not the media talking it down on the foreign exchanges.Oil is now up to $114 a barrel there fore higher petrol and diesal to follow don't think this is media driven.

I'm not denying the external influences like fuel are making things difficult in the markets but i'm not convinced that things are always as bad as made out to be, after all financial institution stand to make a hell of a lot of money out of us when "times are bad" with their charges for this and that and their fees spiralling out of control.

Best thing consumers can do in these so called depressions is to ignore the speculators hoping for a crash to happen and spend spend spend, if its shown that the general public aren't taking notice of all the propaganda
and calling their bluff then the pound should survive as the economy is still strong hence Browns statement that we'll ride the storm but listen to the scaremongers and they will get their way as eventually trust in the pound will force those speculators grand plan to work, remember one man alone caused one of the last big crashes and he was a speculator.

One breath of fresh air amongst all the doom and gloom merchants was Tescos showing massive profits again just showing that consumers aren't being scared into holding onto their money because of media and others telling it how it isnt.