Credit Crunch hurting you yet ?

[SmokeEm]

No, I have a £135,000 mortgage.

 

 

£135,000 mortgage? - You coluldn't buy my garden shed for that down south

[Guest cortinamad-gonetoo]

go on mk2jo

 

your reply made great sense to me it is hard to make ends meet i aggree with your reply

[antz]

i still live at home. dont havea house, mortgage my only bills every month are £35 for garage rent, £35 for a phone bill, £80 rent to my mother...and even im feeling the problems when it used to cost me £40 to fill my volvo and it now costs me £60!

 

(i have no credit cards or loans!) but trying to save some cash for a rainy day is a right bitch. you may say 'dont spend so much on fuel' but i dont drink, smoke or go out. my gf lives 160 miles away and i like to drive to see her which i can only do once every 2 weeks. at this rate ill never get a house and ill end up living in my garage.

[Fishtailparka]

Surely the credit crunch and rising food/fuel prices are different things anyway.

[antz]

Surely the credit crunch and rising food/fuel prices are different things anyway.

 

everythings going up. its all connected

[NHR115]

I'm just about to start my graduate job and Neil has his job too so in all we'll have a joint income of about £1700 per month with around £700 disposable income. We're just about to move into our first house but couldn't afford to buy so we're having to rent. I'm not looking forward to the rising costs which are inevitable but we'll persevere and get by.

 

I was going to buy a new car next year but think i'll stick to my wee micra. People may laugh but I dont grudge paying £100 a year for road tax compared to £200 for a bigger car. Plus the insurance is cheap and the fuel costs aren't horrendous.

 

I do feel for the people who are being hit by this credit crunch. The government just dont seem to care.

[Mk2Jo]

I wouldn't say my opinons are narrow minded, people are living on the limit of what they can afford with little slack to take up the difference, it's not a good situation for anyone but what can you do?

 

If my comments offend then I apologise.

 

The comment that offended me was this. I don't consider myself to be in this category. There are lots of normal people suffering at the moment too

 

The only people who are really suffering are the low earners who overstretched themselves when credit was being handed out to people who really shouldn't be trusted with it .

[cyrix]

Aye, wasn't aimed at you, you know the type, have to have a new registration car, holidays every year etc etc.

 

As for the North/South house price thing, the cost of living up in the north is considerably lower. Only downside is we still have dragons up here, no water and TV's have not made it this far yet.

[Mk2Jo]

I understand where you are coming from. I agree that getting credit is too easy these days and has allowed some people to have everything when they can't really afford it

 

I also understand that Oop North you don't have tarmac'd roads yet either

[Fishtailparka]

Aah, but we do have the lectric nowdays.

 

 

Did you know there is a shuffle of Deputy Governors going on in the Bank of England at the mo?

I bet you can't guess who is likely to be appointed to take charge of the Bank's monetary policy side.

This is to replace Sir John Gieve, who was accused of not being on the ball during the Northern Rock crisis.

 

http://news.bbc.co.uk/1/hi/business/7462331.stm

[richie_stix]

I think it's funny that someone called 'mr bean' will be in charge of our money!

 

imagine it now.... 'this years smash hit comedy blockbuster, Mr Bean runs the Bank of ENgland' ... 'expect side splitting jokes as he squanders all our money!'

[Guest cortinamad-gonetoo]

I also understand that Oop North you don't have tarmac'd roads yet either

 

now now noneed to be cheeky

[Mk2Jo]

I also understand that Oop North you don't have tarmac'd roads yet either

 

now now noneed to be cheeky

 

[JAY PS]

Looking to sell my loved BMW 530d but no matter how many places its advertised not one call ,this road tax thing meaning £430 road tax in a year is making the prices fall like a stone !

I even considered trading it in but dealers arent interested ,"dont want that type of car mate " was the reply today from a well known local dealer ,seems im not the only one ,some of you have got caught with cars you cant shift .

My local 4x4 main dealer told me today they close their doors at month end due to falling sales and their workshop being empty .

Considering keeping the car now just spent £300 on a new inlet manifold that split and it drives better than ever before ,if i can afford the fuel !!!

Where will it end !!

[FredTransit]

So if prices of post 2001 cars are falling, are pre 2001 cars going up in value?

[pauln]

I'm reasonably balanced at the moment. I paid off the house last year (under the tories and their huge interest rates most of my wages went on big mortgage payments) due to being able to raise a couple of lump sums thanks to lower interest rates. I have never bought a car on credit (never owned one less than 5 yrs old) and have'nt had a credit card for 20 years. If i want something I save. I don't have any sympathy for people who run up huge debts for luxury items like phones, televisions or holidays.

[sambo]

I'm reasonably balanced at the moment. I paid off the house last year (under the tories and their huge interest rates most of my wages went on big mortgage payments) due to being able to raise a couple of lump sums thanks to lower interest rates. I have never bought a car on credit (never owned one less than 5 yrs old) and have'nt had a credit card for 20 years. If i want something I save. I don't have any sympathy for people who run up huge debts for luxury items like phones, televisions or holidays.

 

Thats what i was trying to say!! People thought i was was having a pop at them!?!?!?!?

 

I have relatives who have done this and and they still come to me and my family for loans etc. It just winds me up. Live the high life and fook it, someone else will pay for it.

[petrolhead]

I agree with Cyrix for the most part, credit has been too easy for too long with too many people living beyond their means. Now everyone from the middle class down are paying the price.

 

But keep things in context - the word 'misery' is banded about too often. Most of us have got roofs over (one way or other), can eat meat every day and have a fridge and TV. I really struggle to make ends meet with my family, I've already sold most of my personal possessions that have any value and I'm currently thinking about selling my Mk2.

 

In the big scale of things these are minor problems IMO, for the most part, despite all the taxes etc, just being British means we are lucky.

[Takeshi]

Since I live with my parents being 19 the main thing is fuel cost...

I'm so careful driving now, I cant afford to put my foot down

 

This country makes me so angry, I saw this morning about one of the MP's saying "Fuel cost rises is a good thing, it'll make people stop drivng and buying dirty, old cars and invest in new, clean ones."

 

I can see them latching onto the tax free guys soon, and penalising us for using older cars. Even though it'll take us 10 - 15 years to produce the same about of pollution just BUILDING a new car does in a few days

[sambo]

Since I live with my parents being 19 the main thing is fuel cost...

I'm so careful driving now, I cant afford to put my foot down

 

This country makes me so angry, I saw this morning about one of the MP's saying "Fuel cost rises is a good thing, it'll make people stop drivng and buying dirty, old cars and invest in new, clean ones."

 

I can see them latching onto the tax free guys soon, and penalising us for using older cars. Even though it'll take us 10 - 15 years to produce the same about of pollution just BUILDING a new car does in a few days

 

Hit the nail on the head there mate. We should be encouraged to keep older cars on the road as the production of these shit boxes must make more pollution than running an older vehicle?

[Stu_B]

Running old cars is another form of recycling

[Noodles]

Defo felt it now, last year i did'nt worry about getting the car to show but with petrol the way it is now I have to pick which ones to go to, it cost me £60 in petrol to go to the pod and back.

 

As for house prices down here is a joke, there is a house two doors up from my office, mid terrice, no drive walk striaght into the front room then into the garden, so two room ground floor, and its up for £250,000! And its ex-council

 

Me and sarah have just started a savings account each just so in a year we might have enough money to at least pay for legal fees or some crap when getting a place

[kevmk2]

I felt it before the crunch, always skint

[JAY PS]

Heres another ;

Local bodyshop had a huge contract with Foxtons Estate agents

They put all the graphics on and off of their fleet of Minis ,constant flow of work for last few years ,big money ,now with credit crunch ,Foxtons have pulled all the signage and no more minis to be signwritten .

Bodyshop is now much worse off and cannot replace this work