1. Banners
    Dismiss Notice

Record number declared bankrupt

Discussion in 'General Discussion' started by Ayatollah Terry, Aug 4, 2006.

Users Viewing Thread (Users: 0, Guests: 0)

Page 1 of 2
  1. Ayatollah Terry

    Ayatollah Terry Registered User

    Joined:
    Apr 7, 2002
    Messages:
    1,329
    Likes Received:
    0
    Location:
    Derkastan
    Record number declared bankrupt

    WOOHOO!!!!!!!!!!

    And with interest rates going up, there's the slightest glimmer of hope for us first time buyers yet!

    ROLE ON MORE BANKRUPTCY AND POVERTY IN THE UK!!!!!!!!!
    Ayatollah Terry, Aug 4, 2006
    #1
  2. 1615634792921.png
  3. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

    Joined:
    Nov 11, 2001
    Messages:
    20,386
    Likes Received:
    5
    Location:
    Zion
    Re: Record number declared bankrupt

    you're a mug.
    Yosef Ha'Kohain, Aug 4, 2006
    #2
  4. Ayatollah Terry

    Ayatollah Terry Registered User

    Joined:
    Apr 7, 2002
    Messages:
    1,329
    Likes Received:
    0
    Location:
    Derkastan
    Re: Re: Record number declared bankrupt

    ?
    Ayatollah Terry, Aug 4, 2006
    #3
  5. BRID

    BRID Has name in red. Staff

    Joined:
    Jan 31, 2003
    Messages:
    8,239
    Likes Received:
    218
    Location:
    Ever changing
    I dont want to see a recession or poverty in the UK, but we need a housing market crash to correct alot of problems in this country, and to give people today, and their kids in the future.... a chance of owning their own home without resorting to a lifetime paying off a miserably high mortgage.

    We need rates at about 6% before that will happen though - for now the average man on the street will just tighten their belts a little bit and buy a few less beers and takeaways a month.
    BRID, Aug 4, 2006
    #4
  6. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

    Joined:
    Nov 11, 2001
    Messages:
    20,386
    Likes Received:
    5
    Location:
    Zion
    why do we need to bring property prices down?
    Yosef Ha'Kohain, Aug 4, 2006
    #5
  7. Ayatollah Terry

    Ayatollah Terry Registered User

    Joined:
    Apr 7, 2002
    Messages:
    1,329
    Likes Received:
    0
    Location:
    Derkastan
    Ignoring what I said at the top, I don't see any end to the housing price rises. As the UK population continues rising it's only going to help the housing market. Research done last week (I forget by who) predicted housing in London to be double what it currently is within the next five years. That's frightening!
    Ayatollah Terry, Aug 4, 2006
    #6
  8. LeeTheMackem

    LeeTheMackem Lets Cacky Tash Him

    Joined:
    Aug 8, 2004
    Messages:
    9,970
    Likes Received:
    6
    Location:
    Sunderland
    I hope house prices continue to rise.Ive already bought mine so aslong as I'm alright
    LeeTheMackem, Aug 4, 2006
    #7
  9. Dan Hawkins

    Dan Hawkins $5 $5

    Joined:
    Apr 15, 2004
    Messages:
    11,715
    Likes Received:
    1
    Location:
    Spain in Washington
    walvin is bankrupt!!

    serious
    Dan Hawkins, Aug 4, 2006
    #8
  10. BRID

    BRID Has name in red. Staff

    Joined:
    Jan 31, 2003
    Messages:
    8,239
    Likes Received:
    218
    Location:
    Ever changing
    millions of people have been denied the basic ability to buy a home and live in it, or bring up a family - without getting into massive debt.

    The middle classes are holding off from having children and starting families because they simply cant afford it any more - probably due to houses costing up to triple what they did 10 years ago. The government has excasserbated the situation by providing cheap credit to people who cant handle it, which has created a massive speculative bubble, pricing ordinary people out of the market and forced into renting from middle aged people made rich from the houses they bought in the 70's, 80's and 90's

    The 'average' person cant afford the 'average' house these days - the entire market is at breaking point.

    The market will correct itself in time - but people forget a house is just a load of bricks and mortar ... hardly worth 200 grand for a 1 bedroom flat are they?
    BRID, Aug 4, 2006
    #9
  11. Earl Grey

    Earl Grey time for tea

    Joined:
    Dec 2, 2004
    Messages:
    3,529
    Likes Received:
    184
    Location:
    hugging trees , if you dont like it , fuck off , i
    because not alot of people can afford a home,can you????????..i fucking cant
    Earl Grey, Aug 4, 2006
    #10
  12. Earl Grey

    Earl Grey time for tea

    Joined:
    Dec 2, 2004
    Messages:
    3,529
    Likes Received:
    184
    Location:
    hugging trees , if you dont like it , fuck off , i
    correct
    Earl Grey, Aug 4, 2006
    #11
  13. Alexander

    Alexander Registered User

    Joined:
    Jun 12, 2002
    Messages:
    14,006
    Likes Received:
    0
    are you sure thats the case, i know for a fact the only reason my parents could afford a house was because they both had jobs worked there arses off never went out, my dad played in a band at weekend for extra cash.

    Today people can't afford to buy houses because they want plasma screen tvs, surround sound, nice new cars, modern appliances, expensive decoration, all the best stuff to fill that house, basically people want everything they can't afford. If young people were willing to sacrifice like mine and most of our parents did, then they could afford to buy houses.
    Alexander, Aug 4, 2006
    #12
  14. JackMaster

    JackMaster Registered User

    Joined:
    Jan 28, 2002
    Messages:
    924
    Likes Received:
    0
    Location:
    Heaton
    your argument makes no sense at all..

    the house price increase reflects increasing demand for houses and increases in peoples income.

    if no one could afford the increased house prices they wouldnt be rising...simple

    the only time house prices will start to fall is when there has been big increases in new houses being built and supply starts to outstrip demand..


    House prices have increased for 100s of years decade on decade ...this is nothing new lol
    JackMaster, Aug 5, 2006
    #13
  15. BRID

    BRID Has name in red. Staff

    Joined:
    Jan 31, 2003
    Messages:
    8,239
    Likes Received:
    218
    Location:
    Ever changing
    The percentage of houses being bought by first time buyers is at a massive low... so who is buying the houses? People who already have houses - so they can 'rent them out'

    so people who already have houses, are pushing up prices for those who dont have them.....
    BRID, Aug 5, 2006
    #14
  16. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

    Joined:
    Nov 11, 2001
    Messages:
    20,386
    Likes Received:
    5
    Location:
    Zion
    why do you need to own your house?

    I'm confused.
    Yosef Ha'Kohain, Aug 5, 2006
    #15
  17. Scotty

    Scotty Internet Weirdo

    Joined:
    Nov 18, 2005
    Messages:
    2,664
    Likes Received:
    62
    Location:
    Pop a 40 and check your rollies - its Blyth Tyme!
    I totally agree with that
    Scotty, Aug 5, 2006
    #16
  18. BRID

    BRID Has name in red. Staff

    Joined:
    Jan 31, 2003
    Messages:
    8,239
    Likes Received:
    218
    Location:
    Ever changing
    If this country has produced comments like that... then i wonder about the future.

    Why should the average person have to rent their home from some middle aged baby boomer, when the country could support millions of new houses and roads being built to provide its citizens with basic dignities and a quality of life that we are supposed to have better that alot of countries in this world.
    BRID, Aug 5, 2006
    #17
  19. Alexander

    Alexander Registered User

    Joined:
    Jun 12, 2002
    Messages:
    14,006
    Likes Received:
    0
    hes right though, the purpose of life isn't to buy a house, whats wrong with living life day by day, not being tied down to a mortgage, being able to move about were you want.

    I know i don't want to live like this for much longer, the financial security that buying a house can give you, is something, which appeals to me but not everyone.
    Alexander, Aug 5, 2006
    #18
  20. Quite Rude

    Quite Rude

    Joined:
    Jun 16, 2004
    Messages:
    50
    Likes Received:
    0
    Me too, i don't want to be renting when i finally move out. I want somewhere that is mine, and mine alone...

    would ratehr be pumping my well earned money into a mortgage than be renting.

    when i get my own flat/house, im going to rent out the spare room/s and get a mortgage, payrise permitting.
    Quite Rude, Aug 6, 2006
    #19
  21. Smog

    Smog Registered User

    Joined:
    Nov 21, 2003
    Messages:
    10,094
    Likes Received:
    0
    me and paula are paying more in rent now than her parents mortgage payments... there is no way we're gonna be able to buy anywhere for the foreseeable future though.
    Smog, Aug 6, 2006
    #20
Page 1 of 2

Share This Page