You've never had it so good.

[expat]

WHS.

You have to make (big) money in the boom, cos you sure are going to pay for the bust whether you benefitted or not.

That's life. I speak as a 2007 house-buyer.

[centurian]

Tarkers is right as usual. You've never had it so good as in the last 15 years. And if you haven't made money it's your own bloody fault.

But we didn't need to save. The boom was going to go on for ever - Gordon Brown said so...

"An end to boom and bust"...

[shaunbhoy]

"An end to boom and bust"...

He got that right. Now we just have "bust"!!

[TimberWolf]

What boom? There wasn't one in IT, that was bust over the past 10 years. Houses prices got more expensive, so no boom there either. We got poorer.

[MonzaMike]

listening on the radio tonight discussing the manifestos and the key is what they don't say.

The Heavy Lifting in tax revenue comes from Income Tax, NI , or VAT. One party has ruled out Income Tax increase, the other has ruled out NI.

That leaves VAT. 20% here we come...

[expat]

What boom? There wasn't one in IT, that was bust over the past 10 years. Houses prices got more expensive, so no boom there either. We got poorer.

Most IT people earned more in IT over most of the last 10 years than they would have been capable of earning anywhere else, so that was an IT boom. Just not a dot-com size boom.

House prices got more expensive, so that was a boom in house prices. If you didn't own one, you missed the boom, is all.

[doodab]

I once had it so good I forgot where I was and where I lived. I had to check my driving license to remember my name.

Happy days.

[TimberWolf]

Most IT people earned more in IT over most of the last 10 years than they would have been capable of earning anywhere else, so that was an IT boom. Just not a dot-com size boom.

House prices got more expensive, so that was a boom in house prices. If you didn't own one, you missed the boom, is all.

The IT industry has been all but destroyed over the last 10 years, so I wouldn't call that a boom.

Rising house prices don't make most people richer, it makes them poorer. Even the majority of house owners either tread water on the boom front or share the poverty.

[expat]

The IT industry has been all but destroyed over the last 10 years, so I wouldn't call that a boom.

Rising house prices don't make most people richer, it makes them poorer. Even the majority of house owners either tread water on the boom front or share the poverty.

You are not reciting from the correct songbook, comrade......

[TimberWolf]

You are not reciting from the correct songbook, comrade......

Cue sasguru coming on and say how he has become rich because of the rise in property prices. But dig a little deeper and you find he is not only downsizing, but downsizing big styleee, by selling multiple properties in a sought after area (London) to a property outside London. I've downsized too (all the way to rentville), but don't feel rich because the excess cash isn't real money unless I never want to upsize again.