Oh Dear: It's a sign of the times....

[Diestl]

http://www.timesonline.co.uk/article...355623,00.html

"...this worked for a while until the couple’s circumstances changed when Ms Shaw discovered that she was pregnant for a second time, forcing her to give up her waitressing job....."

"...The situation deteriorated when her partner, a forklift truck driver,...."

"...He (broker) also accidentally fined the couple £600 for refinancing the deal within a year of the previous remortgaging."

"....We also signed our house over to a Nigerian who said we could get 5 billion in return, but it turned out...."

Who is to blame?

[Lucifer Box]

It Gets Better

Thousands risk all for mortgages

Hundreds of thousands of people are failing to maintain mortgage payments and risk losing their homes, according to a national charity. Some 770,000 people have missed one or more repayments in the past year, a Citizens Advice survey suggests.

More than one in 10 of the 2,057 adults surveyed wrongly believed missed repayments did not threaten their home.

It also found that 11% of all those surveyed wrongly believed a secured loan meant they could miss repayments but their home would still be safe.

A further 10% of people thought it was a loan where borrowers could pay back as little or as much as they want each month.

Still, it should provide some good value for money buys at auction when their houses are repo'ed. Just a shame taxes will have to go up to house and feed these feckless masses when they are thrown out on the streets.

What we need are more immigrants.

[scooterscot]

How can you not like Gordon? A man of that intelligence? One of our finest exports if you ask me

here's a story now and listen good...

A young man named Gordon bought a donkey for a £100 from an old farmer. The farmer agreed to deliver the beast the following day.

When the farmer turned up he said to Gordon, 'I have some bad news for you, whilst on the way over here the donkey just dropped dead on the back of my truck.'

'Well give me my money back', said Gordon. 'I cant do that', said the
farmer, 'I've spent it already'.

'OK', said Gordon, 'I'll have it anyway'. 'What are you going to do with a
dead Donkey,' asked the farmer. To which Gordon replied, 'I'm going to
raffle him'

'You can't raffle a dead donkey' exclaimed the farmer. 'Sure I can
replied', Gordon, 'Just watch me, I won't tell anyone he's dead'.


A month later Gordon met up with the farmer who asked, 'What happened to that dead donkey?' 'Made a bomb', smiled Gordon. I sold 500 raffle tickets at £2 each, and cleaned up'. 'Didn't anyone complain that you had taken their money for a dead donkey?'

'The only complaint was from the guy who bought it when he came to claim his prize' said Gordon. 'I gave him his £2 back and an extra £50 for his inconvenience, he was well pleased, thought I was a great guy'.

Gordon later went on to become chancellor of the exchequer, and no matter how many times he swindled the tax payer, as long as he gave them back some of the money he's fleeced off them, most of them thought what a great guy

[wonderwaif]

I actually think it would be good for him to be PM as he will have no one but himself to blame, though Labour MPs seems to insist that all bad now is happening because of Tory decisions made over 10 years ago.

Or that old standby of the hard of thinking - "I remember how bad the Tories were", well if the feckwits really did remember anything, they would know how much worse this shower are.

[AtW]

We've got record national debt, mortgage debt, credit card debt, student debt...

I liked his justification for borrowing more - the UK apparently had lower debt to GDP than many other countries, so it was okay to borrow more!

I actually think it would be good for him to be PM as he will have no one but himself to blame, though Labour MPs seems to insist that all bad now is happening because of Tory decisions made over 10 years ago.

[EternalOptimist]

Just had some stupid bint from Citizens advice on the news. She said 'most people get into debt after losing their jobs'.
Does that mean people lose the job then go straight out and get a mortgage.
They are in debt BEFORE they lose the job and have failed to provide cover you daft git.
Next they'll be blaming the lenders and the advisors

[wendigo100]

Brown's legacy

Gordon Brown isn't even in number ten yet and we already know his legacy - DEBT. Another four-letter word to follow Tony Blair's two legacies, SPIN and IRAQ.

We've got record national debt, mortgage debt, credit card debt, student debt...

Meanwhile savings and pension funds are getting smaller in real terms...

What has always p1ssed me off is how Brown is described in the press as very intelligent. That is a fallacy, he is nothing of the kind.

[ratewhore]

ah well - tulip happens. I know more and more people who are buying with interest only mortgages as it's the only way to get on the ladder for them, until interest rates rise again that is...

It's a british disease, why are we obsessed with owning property?

[BlasterBates]

...house prices are rising, so these missed mortgage payments can easily be funded by taking out a bigger mortgage...and so it goes on.

[milanbenes]

sure,

except in bad times the numbers increase as they are now

Milan.

[bobhope]

It's not really a sign of the times. This kind of thing happens in good times and bad: there will always be, how shall we say, people of limited intelligence.

[Francko]

I think being allowed to reproduce was their biggest mistake (I wonder if they voted labour?) but in principle you are correct... we are doomed,

Yes, let's skip all the corollaries and get straight to the point. UK is doomed. The only way to save yourself is to pack today and flood to Eurowonderland.

[Troll]

http://www.timesonline.co.uk/article...355623,00.html

'Buying the house was the biggest mistake we ever made'

Milan.

I think being allowed to reproduce was their biggest mistake (I wonder if they voted labour?) but in principle you are correct... we are doomed,

[Andyw]

They went ahead and bought the three-bedroom terrace house in Stapenhill, Burton-on-Trent, Staffordshire, for £69,000, blimey !!! my car cost more !

[milanbenes]

http://www.timesonline.co.uk/article...355597,00.html

Homeowners fall behind on mortgage repayments


http://www.timesonline.co.uk/article...355622,00.html

Missed mortgage payments are sure sign of hard times


http://www.timesonline.co.uk/article...355623,00.html

'Buying the house was the biggest mistake we ever made'



The economic miracle. Let the clock count down to the recession.

Milan.