Originally Posted by
kay2
There is still plenty of money about, the people who have cash still have it mostly, its the people that liked to spend what that didnt have, i.e. remortgaging houses to pay for new cars and holidays they couldnt otherwise afford!
This though has had a knock on affect on other sectors unfortunately!
I think though people had forgotten how much money was actually worth, if people tried to save for a 20000 pound car it would take years but people just started to think oh its only £299 a month!
When Iwas a kid playing spot new reg plates when they came out once a year was the fun thing when on a long journey with my dad, and when you saw a BMW,Jag,Merc, Porsche, you were aw struck because you knew they had money!
Suddeny every idiot with a property that had gone up in value was suddenly driving luxery cars and having once in a lifetime holidays yearly!
Now they are all crying that they are in negative equity and cant afford the mortgage!!
Tough shit, should have been realistic about what they could afford!
I do feel sorry for the genuine cases of poor fortune, but in life there are ups and downs!
MY sentiments exactly... its so nice to be in a position where I am not being fooked over because I wanted to keep up with the jones and have all the best stuff now and at "only 25% interest" or whatever.
No sympathy for people who fooked themselves.
Do have sympathy for the genuine people who are goingto get/are caught up in it all
But also I looking forward to plenty of bargains to be had as a result of all this shit where cash is king.
In my opinion, if you have credit leave it where it is as if you get rid you might find you cant get it again if you NEED it and if you have EXTRA cash dont spend it.