If the country is in recession...

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Doggy Styles replied

15 April 2010, 13:07
We won't feel much of a recession while we carry on spending what we like and borrowing more and more to cover it.

At least, not until someone wants it back.
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scooterscot replied

15 April 2010, 13:01
Originally posted by ChimpMaster View Post

mortgage?

Yes for the BTL... better things to do with my money than investing it in bricks in mortar
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ChimpMaster replied

15 April 2010, 12:22
mortgage?
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chicane replied

15 April 2010, 11:57
Originally posted by scooterscot View Post

Oh yes cost of living has hit rock bottom thanks to my 0.49% tracker mortgage...

OK admittedly the mortgage is a couple of hundred quid cheaper a month but everything else seems more expensive...
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scooterscot replied

15 April 2010, 11:55
Originally posted by chicane View Post

Are you saying that the cost of living has reduced during the recession? I can't say I've noticed!

Oh yes cost of living has hit rock bottom thanks to my 0.49% tracker mortgage...
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chicane replied

15 April 2010, 11:53
Originally posted by expat View Post

most people with jobs do better than before, as their income stays but their costs go down.

Are you saying that the cost of living has reduced during the recession? I can't say I've noticed!
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expat replied

15 April 2010, 11:28
Originally posted by chicane View Post

...then why are all the bathroom fitters booked up solid for the next 2-3 months?

In a recession, most people with jobs do better than before, as their income stays but their costs go down. So they have more to spend on their houses, and hire more tradesmen.
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scooterscot replied

15 April 2010, 11:23
Originally posted by thunderlizard View Post

Because they've all gone bust apart from 2 of them?

whs
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xux42 replied

15 April 2010, 11:21
Originally posted by thunderlizard View Post

Because they've all gone bust apart from 2 of them?

Things have changed - if demand drops people wind up businesses and go and do something else or nothing these days.
I thought the recession would mean getting a choice of top tradesmen desperate for the work at wafer thin margins. Soon realised this was a fantasy.

Maybe if the new govt. cuts and removes benefits and raises base rates to 5% this will change?
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thunderlizard replied

15 April 2010, 11:14
Because they've all gone bust apart from 2 of them?
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Bright Spark replied

15 April 2010, 10:46
I guess people are spending more time on them given they got nothing to do.
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Sysman replied

15 April 2010, 10:43
Folks spending on home improvements rather than moving house?

Think teenage daughters hogging the bathroom...
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chicane started a topic If the country is in recession...

15 April 2010, 10:39
If the country is in recession...

...then why are all the bathroom fitters booked up solid for the next 2-3 months?
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