Oh Dear ™ Doomed! ® - part 2

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7090391.stm

Rising petrol, chemicals and food prices have sent factory gate inflation to the highest rate for nearly 12 years

Annual output price inflation rose to 3.8% last month, up from 2.8% in September and the highest rate since December 1995, official figures showed.

http://news.bbc.co.uk/1/hi/business/7091469.stm

The slowdown in the housing market is becoming more pronounced, says the Royal Institution of Chartered Surveyors (Rics).

Its latest survey of members in England and Wales suggests prices in October fell for the third month in a row, and at the fastest pace since July 2005.


I hope you guys have tons of cash stashed. Remember, your contract is only as long as your notice period.

[Francko]

[url]

The slowdown in the housing market is becoming more pronounced, says the Royal Institution of Chartered Surveyors (Rics).

Its latest survey of members in England and Wales suggests prices in October fell for the third month in a row, and at the fastest pace since July 2005.


I hope you guys have tons of cash stashed. Remember, your contract is only as long as your notice period.

A housing market price crash will not affect contractor nor rich investors who were certainly able to sell at good times or can afford a few years of a negative return investment. Again, the ones with loads of cash on their hand will be able to buy cheap properties that in 10 years time will be worth double again. The only ones to suffer are the honest joes who do pay half of their salary in the mortgage and will see what they thought was their pension scheme vanish away.

Again it is another unfair redistribution of wealth. I am sure this doesn't certainly bother quite a few people here.

[sasguru]

Again it is another unfair redistribution of wealth. I am sure this doesn't certainly bother quite a few people here.

It's only unfair if you think the stupid deserve as much as the clever, or the unlucky as much as the lucky. Who said the world was fair, anyway?

[DimPrawn]

A housing market price crash will not affect contractor nor rich investors who were certainly able to sell at good times or can afford a few years of a negative return investment. Again, the ones with loads of cash on their hand will be able to buy cheap properties that in 10 years time will be worth double again. The only ones to suffer are the honest joes who do pay half of their salary in the mortgage and will see what they thought was their pension scheme vanish away.

Again it is another unfair redistribution of wealth. I am sure this doesn't certainly bother quite a few people here.

[Bagpuss]

Which one are you?

[DimPrawn]

I'm Spartacus.

[sasguru]

Which one are you?

I'm stupid but lucky

[SallyAnne]

It's only unfair if you think the stupid deserve as much as the clever

[DimPrawn]

I'm stupid but lucky

Are you talking about yourself there?

If so, Im half in agreement with you.

[sasguru]

Let me explain. All actions have consequences (although we seem to have forgotten this nowadays). So if someone has borrowed to the hilt with no thought to the future (stupid) as opposed to someone who has saved and/or invested wisely (clever), then in bad times the stupid one will suffer. Why should it be otherwise? That's the consequence of being free. You reap what you sow.