recession? on the news saying!!!
18-08-2008, 06:32 AM
#1
PassionFord Post Whore!!
Thread Starter
iTrader: (2)
Join Date: Oct 2005
Location: chingford, london
Posts: 7,827
Likes: 0
Received 0 Likes
on
0 Posts
recession? on the news saying!!!
ive been thinking for a while that we are going into a recession and its not just this "credit crunch" rubbish. then i just see it on the news that hundreds of people are due to lose thier jobs due to recession, house prices will keep dropping for 2 years, dropped 2.5% this month 
, ive notice the building trade quiten down. you know its bad when the pols start going home again as theres no money here
, ive notice the building trade quiten down. you know its bad when the pols start going home again as theres no money here
18-08-2008, 07:28 AM
#2
i sort of understand where jim was coming when he was on about the money not being spent there but them lot shipping it over to poland
what's goign to happen when peole start doing the polish jobs that are goign to spend the money here?
will they still live 10 to a room?
will they still do it for just as cheap?
will they do it just as well?
will they still claim benifits?
will they actually do the jobs that are there?
or will some others come in and replace the poles?
what's goign to happen when peole start doing the polish jobs that are goign to spend the money here?
will they still live 10 to a room?
will they still do it for just as cheap?
will they do it just as well?
will they still claim benifits?
will they actually do the jobs that are there?
or will some others come in and replace the poles?
18-08-2008, 08:48 AM
#3
just finding my feet
paul the credit crunch is the reason for the recession
people have been borrowing to buy things and using there wages to pay bills for far too long, NOW they are not allowed to borrow anymore as some are 20 or 30k in debt and they know they aint gonna get it back so people stop spending,,,, this means theres less cash about as thats what keeps the economy going is the turnover of cash
also estate agents and back have been over loaning money to people,,, so the prices of houses went up rent AND to buy meaning that they have to spend MORE money there morgage, now the low rate deals are over and theres no decent ones to switch to and so MORE paying out a month for NO actual gain
building trade is always gonna be the first to get hit as was last time just this time LOADS of houses have been thrown up over the last 15 years in farms and old garages ect ect ect meaning LOADS more tradesmen needed
NOW theres gonna be a large supply of houses soon not gonna be sold, and houses aint been selling for the last 8 months and high price places aint been selling for over a year just people never spoke about it or listened
in 18 months we are ALL gonna get hit hard, banks are lowering there terms for people to get general loans and credit cards but with higher interest rates to keep them turning over ive noticed where 2 years ago they wouldnt entertain some people and used other names for there higher rate credit cards and loans under sister companys
people have been borrowing to buy things and using there wages to pay bills for far too long, NOW they are not allowed to borrow anymore as some are 20 or 30k in debt and they know they aint gonna get it back so people stop spending,,,, this means theres less cash about as thats what keeps the economy going is the turnover of cash
also estate agents and back have been over loaning money to people,,, so the prices of houses went up rent AND to buy meaning that they have to spend MORE money there morgage, now the low rate deals are over and theres no decent ones to switch to and so MORE paying out a month for NO actual gain
building trade is always gonna be the first to get hit as was last time just this time LOADS of houses have been thrown up over the last 15 years in farms and old garages ect ect ect meaning LOADS more tradesmen needed
NOW theres gonna be a large supply of houses soon not gonna be sold, and houses aint been selling for the last 8 months and high price places aint been selling for over a year just people never spoke about it or listened
in 18 months we are ALL gonna get hit hard, banks are lowering there terms for people to get general loans and credit cards but with higher interest rates to keep them turning over ive noticed where 2 years ago they wouldnt entertain some people and used other names for there higher rate credit cards and loans under sister companys