Reply to: You've never had it so good.

[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.

[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]

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.

[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.

[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.

[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...

[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.

[shaunbhoy]

"An end to boom and bust"...

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

[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"...

[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.

[DimPrawn]

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.

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.

[sasguru]

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.

[TimberWolf]

Crisis? What crisis?

[NotAllThere]

Or "Europe made us do it"

[expat]

And what excuse can they use? If the Tories win they can use the old 'once we saw just how bad the books were, we realised that immediate drastic action was needed, more so than we anticipated during the election campaign'.

What will labour say? 'Ok, we lied. Again.'

In the current state of the world economy, it is necessary to take firm and immediate action in order to preserve our position, established since 1997, as one of the most successful and secure of the world's leading economies......blah blah blah