Schadenfreude

[HairyArsedBloke]

Nobody can really take too much pleasure in it, because if it all goes belly up, having some savings or an expensive house won't feed you or stop the breakdown of society. Nobody except those strange people with bunkers full of tinned foods and guns can really feel remotely secure.

But luckily things are bad, but we're only taking about the margins, we're not talking starvation and total collapse, just a deflation of posited wealth. Unfortunately we have a scaremonger culture (since 9/11) and the papers love this stuff.

True. I've been through this a couple of time. The world will still be here in the morning. People will still be buying some things, have babies and want to enjoy themselves once in a while.

[TimberWolf]

Nobody can really take too much pleasure in it, because if it all goes belly up, having some savings or an expensive house won't feed you or stop the breakdown of society. Nobody except those strange people with bunkers full of tinned foods and guns can really feel remotely secure.

But luckily things are bad, but we're only taking about the margins, we're not talking starvation and total collapse, just a deflation of posited wealth. Unfortunately we have a scaremonger culture (since 9/11) and the papers love this stuff.

Yeah, it's only money. Things might get nasty, but real wealth is still pretty plentiful, i.e. energy. Carry on breeding. Once real reserves get low though (perhaps starting in the next decade) future recessions/depressions will make this look like a walk in the park. I hope we use recessions before then to good effect and build on real wealth, e.g. nuclear power stations and work on self-sufficiency rather than relying on a global market dependent on cheap fossil fuels. Doomed.

[NotAllThere]

...Nobody except those strange people with bunkers full of tinned foods and guns can really feel remotely secure...

That'll be me then. But to feel really secure against the collapse, you need to convert cash to gold and pepper. And Neurofen Plus.

[oracleslave]

That'll be me then. But to feel really secure against the collapse, you need to convert cash to gold and pepper. And Neurofen Plus.

And Whisky

[AtW]

As an owner of bank shares and a house bought in 2007 I shouldn't be enjoying it BUT I am.

[chicane]

Unlucky. I jumped in 2 years prior to that but nearly bought another in 2007.

I bought a house half way through 2005 and asking prices in the area have already fallen back to that level.

[oracleslave]

I bought a house half way through 2005 and asking prices in the area have already fallen back to that level.

Am not quite there yet but headed that way.

[DimPrawn]

I bought a house half way through 2005 and asking prices in the area have already fallen back to that level.

I bought my home in 1995. Cheap as chips.

[oracleslave]

I bought my home in 1995. Cheap as chips.

As it's in Swindon it probably still is

[DimPrawn]

As it's in Swindon it probably still is

Worth over £100K now.