Credit Crunch!

[wigman]

Every time you watch the news or pick up a newspaper there is talk about the credit crunch.
Utility bills,food ,petrol etc are all rising sharply.
How many of you out there are feeling the pinch;feel free to post your predicament!

 

[Del Boy]

Great, it's now a subject on NSC!

 

[hitony]

I think i can safely say, it is affecting just about everyone in some way.

 

[Gully]

...it is, all I could afford for my tea was lamb chops and mustard mash...no pudding!

 

[Cian]

Currently insulated from price rises almost entirely by the strong Euro, and because I work for a company with f*** all non-domestic interests, its not going to be bitten back. The country as a whole is though and I've a feeling the budgets gonna be a nasty one, particularly as a (heavy) car use with the Greens in government...

Enjoying the tiny moment where I can go to Northern Ireland and do all my shopping for about 70% of what it costs down here though.

 

[crodonilson]

Here in Lyme a pint costs £3.30 in most places now.

 

[wigman]

Here in Lyme a pint costs £3.30 in most places now.

Thats crazy,what about a litre of fuel down there?

 

[dougdeep]

I blame the Chinese.

 

[Questions]

I blame the Chinese.

You`re right. My local Chinky have hiked up their prices again.

 

[Deleted User X18H]

All these foools who have paid ridiculous prices for houses pushing the values up so real Brightonians have to move away.......how I will laugh when the propertys they can hardly afford the mortgage secured on plummet in value and they have 50% neg equity it is starting in Brighton now don't believe Estate Agent and Argus propaganda I will wave to all the cockneys as they head back up the 23 SKINT

 

[Skaville]

Is or me or are the press are absolutely DESPERATE to have a recession? They can't wait. If you want to get on the telly/radio tomorrow just:

1. Make up a name fictitious economic research consultancy
2. Send out a press release saying you forecast house prices to drop by 35% in the next five years
3. Wait for the interview requests to commence

PS - You may be aware that I'm a recruitment scumbag. Very little change in the job market. I have placed people at HSBC, First Direct and Alliance and Leicester (all in credit risk funilly enough). It's as you were in the financial houses

 

[Ernest]

All these foools who have paid ridiculous prices for houses pushing the values up so real Brightonians have to move away.......how I will laugh when the propertys they can hardly afford the mortgage secured on plummet in value and they have 50% neg equity it is starting in Brighton now don't believe Estate Agent and Argus propaganda I will wave to all the cockneys as they head back up the 23 SKINT

And I will CREAM my undies with EXCITEMENT when Starbucks go BUST and Divalls open in their PLACE

 

[Deleted User X18H]

And I will CREAM my undies with EXCITEMENT when Starbucks go BUST and Divalls open in their PLACE

Divalls instead of Starbucks f***ing yes:clap2

 

[Deleted User X18H]

Lucys Larder To Replace Nero's

 

[Lord Bracknell]

Enjoying the tiny moment where I can go to Northern Ireland and do all my shopping for about 70% of what it costs down here though.

What's the supermarket exchange rate like at the moment? More generous than the banks? Or less generous?

 

[Cian]

What's the supermarket exchange rate like at the moment? More generous than the banks? Or less generous?

About 2-3p better at the moment - was being offered 80p per Euro in Banbridge last weekend when I got the equivalent of 77p back in the bank relodging some notes today.

The retail park in Banbridge may as well be south of the border, all the customers are anyway - barely a yellow reg plate in sight. Favourable exchange rate plus the North generally being cheaper add together well.

 

[crodonilson]

Thats crazy,what about a litre of fuel down there?

Only one petrol station in Lyme, Unleaded is £1.19 a litre.

 

[beorhthelm]

the media is literally talking us into trouble. the credit crunch in itself is, or at should be, an aboration in the markets that will take 12-18 months to clear through the pipes (once the banks/funds know what they've got on their books after yearly audits.). but the obsession with house price in this country means its a shock to see that 100-125% mortgages are being withdrawn... no one seems to think it was f***ing stupid to have them in the first place. contrary to popular (mail/express) opinion, we dont actually have a human right to own a house, nor are the banks obligated to provide cheap mortgages. there was always going to be a turn around in the market sooner or later and many expect it this year anyway, no market has ever gone on rising without a correction in the history of economics. it will recover of course, in 10 years time we'll all be wondering what the fuss was about as studios are sell for 200k.

 

[Timbo]

Funnily enough I am getting inundated with credit card applications at the moment and succesfully switched my balance to Mint last month after being turned down every time I'd tried to do it before for the last 12 months.

 

[Bozza]

Falling property prices? Best thing since sliced bread, shirley?

Why do we moan about rising prices everywhere in our economy but seem to think that property prices going up is a good thing? Crazy feckers, us Brits.