Positives from the Credit Crunch.

[Castus]

Ok its all doom and gloom everytime you read the paper of watch the news but whats a positive that the CC could bring to your daily life?

Mine would hopefully be less trucks and traffic on the M1 everyday

 

[Chronictank]

I may actually be able to afford a house

 

[Raven]

What Chronic said. Why pay 200k when you can pay 150k? It's the reason I didn't buy one two years ago, everyone with half a brain could see it was going to happen

 

[Lamp]

everyone with half a brain could see it was going to happen

Thats utter BOLLOCKS

The ONLY thing that was predictable was that house prices would come down at some point within the next 5 years. No one predicted the massive and sudden fall in in the equity markets. No one predicted the demise of Lemans. No one predicted FannyMae and G-Mac would be nationalised.

Where was the sudden panic explosion of buying credit default swaps ?
Where were the massive calls for credit funding to hedge investment banks equity exposure ?

They didn't happen because they were not predicted. Simple.

 

[Raven]

I meant housing prices.

Though the economy to a lesser extent due to the fact its been held up by borrowing

 

[Castus]

Wouldnt any saving on house price ,unless very extreme , be eaten up by the higher mortgage rates though?

 

[Bugz]

Wouldnt any saving on house price ,unless very extreme , be eaten up by the higher mortgage rates though?

Pretty much.

Oh, and the fact you actually have to find someone to offer you a mortgage!

Basically, UK will have hit recession in January. There are no positives from recession, except the fact that perhaps there will be less crowds at Christmas! I fuckin hate crowds.

 

[russell]

Thats utter BOLLOCKS

The ONLY thing that was predictable was that house prices would come down at some point within the next 5 years. No one predicted the massive and sudden fall in in the equity markets. No one predicted the demise of Lemans. No one predicted FannyMae and G-Mac would be nationalised.

Where was the sudden panic explosion of buying credit default swaps ?
Where were the massive calls for credit funding to hedge investment banks equity exposure ?

They didn't happen because they were not predicted. Simple.

all right. Easy tiger

 

[Chronictank]

Wouldnt any saving on house price ,unless very extreme , be eaten up by the higher mortgage rates though?

pretty much, but if you buy-to-rent that difference is less extreme

 

[Golena]

Wouldnt any saving on house price ,unless very extreme , be eaten up by the higher mortgage rates though?

Ofc you could of bought at the most expensive then have to pay the bigger mortgage with the higher interest rate as well! (doh!)
If you couldn't afford to buy a house 2 years ago and your money position hasn't changed you still won't be able to buy one however since it costs about the same.

Yeah every idiot could of prediced they would drop in price at some point, but no-one knew when. 4 years ago everyone was saying the same as 2 years ago then watched them increase for another 2 years.

 

[Ezteq]

yep, afford a house at long bloody last!

one without slugs and mold and people crawling through me window or collapsing outside while off their faces

 

[Dahakon]

Also it's helping Open Source softwear a lot, espeically in buisnesses, as managers look for free alternatives to the millions being wasted on softwear licenses a year.

 

[Amanita]

I think or would hope that less food will be wasted as folks and businesses start checking out the extra cost of it all.

 

[Bugz]

Ofc you could of bought at the most expensive then have to pay the bigger mortgage with the higher interest rate as well! (doh!)
If you couldn't afford to buy a house 2 years ago and your money position hasn't changed you still won't be able to buy one however since it costs about the same.

Yeah every idiot could of prediced they would drop in price at some point, but no-one knew when. 4 years ago everyone was saying the same as 2 years ago then watched them increase for another 2 years.

If you're on a variable mortgage atm you are laughing!