Just LUVVING this Credit Crunch!!

[Uncle Spielberg]

That's just it. It isn't just the Yanks. It's us as well. Our banks have made stupid investments, too many people have spent all what the have earnt and not saved. Yes, I know we all aspire to a certain standard of living, but as a country we can't afford it as we aren't very productive.

Look at the amount of personnal debt there is on credit cards, car loans, mortgages. The 'boom' under Labour has been financed on what? unsustainable house prices. No-ones been complaining about spending their 'profit' that they have made on their house going up in value after remortgaging.

I have very little sympathy for those who haven't been sensible. I do have sympathy for those who have lost their jobs and maybe facing severe hardship if it's not been their fault. Too many people tried to get rich from soaring house prices, and a lot of these will get burnt now.

Over the last 4-5 years, I've worked very hard to reduce my mortgage down. I could have had a more extravagant life-style, but I chose not to. I can now weather whatever happen and be OK. I just hope that this is a wake-up call for a lot of people, and the mentality changes away from the spend, spend, spend culture.

I also fear that this is going to get a lot worse before it improves. There will be more job losses, leading to less spending and more home reposessions.

No One likes a smart arse

 

[beorhthelm]

I appreciate your opinion...

sry if it came across wrong, just trying to look on the bright side. ive been out of work myself since Feburary, just found a job though. of course, in construction its going to be particulalry tricky for 6-12mth. sorry for insensitivity

 

[¤DãŃn¥ §êãGüLL¤]

Sorry to hear that Tony mate, was out of work myself for quite a while earlier this year and it does get you down but I'm sure you'll find something soon.

 

[Beach Hut]

Mortgages are rarer than Rocking Horse shit so I am getting some cards printed up " Rent Boy for sale " and am about to put them in some phone boxes in Kemptown.

I'd stick to the day job of tipping a winner once in a blue moon - may prove more lucrative

 

[The Oldman]

Very sorry to learn this. It's not a pleasant experience being made redundant. Best of luck for the future.

 

[Gazwag]

Mortgages are rarer than Rocking Horse shit so I am getting some cards printed up " Rent Boy for sale " and am about to put them in some phone boxes in Kemptown.

shouldnt that be "for hire"

 

[steward 433]

Construction Jobs on Contract Journal


Try the link as there are still a few projects starting and a few good jobs out there

 

[¤DãŃn¥ §êãGüLL¤]

I'd stick to the day job of tipping a winner once in a blue moon - may prove more lucrative

Who'd wanna bum him too?

 

[Box of Frogs]

Sorry to hear that hitony, as someone who has been made redundant 4 times, I can totally understand how you feel.

Hope something comes up soon. Wish I could help!

 

[Blackadder]

Sympathies Hitony. Hope you bounce back soon.

 

[Simster]

As a man with 3 dependents, that's my worst nightmare. Very best of luck Tony.

 

[Munkfish]

Thanks Starry, i am (or was after today!) the Regional Operations Manager for a major housing developer, my background is senior site management

barretts?

 

[steward 433]

Taylor Wimpey have announced 900 job losses

 

[wehatepalace]

Can't believe no one else has asked, but did they weigh you in with a nice pay off ?

 

[sully]

I was at a corporate property get-together in London last night.

It was incredible how many of the guests there were saying they're working themselves out of a job with nothing new in the pipeline.

Whilst many of us in construction seem busy at the moment, I'm not going to be complacent.

My company works for most of the big housebuilders and 50% seems to be the minimum job cuts in that sector at the moment. The site I was working on from September last year suddenly sent all the Contract staff home one lunchtime last month. No notice, just go. Luckily, we're all sorted now (I had a job to go back to anyway), but it's not getting any easier in the industry at the moment, that's for sure.

 

[Tom Hark Preston Park]

But with your background, you be fine in London, if you can and want to move.

That's what I was thinking. All these government targets for building homes on flood plains. Reckon even the credit crunch won't stop that. Plus he'd be much handier for the Albion. Still, hitony probably doesn't want to hear about silver linings right just now. And who could blame him. Well worth bearing in mind tho.

 

[Napper]

Mate , keep positive , PMA is the way forward. You will get something better if you stay positive , dont lie in bed and keep looking.

Keep the faith.........I did

 

[Beach Hut]

Chin up mate and I hope something comes up workwise, fortunately I have never been made redundant.

I fear this will be an on-going issue all this year.

 

[steward 433]

Chin up mate and I hope something comes up workwise, fortunately I have never been made redundant.

I fear this will be an on-going issue all this year.

Like i said earlier 900 gone at Taylor Wimpey

Edit loads gone in two days

2,300 construction jobs slashed in two days - 04/07/2008 - Contract Journal

Housing crisis: 100,000 workers to lose jobs - 02/07/2008 - Contract Journal

 

[eastlondonseagull]

Whats that comment about

I don't think he meant anything by it. At least, I read it as 'sounds rubbish that you've lost your job'. Hope that's what he mean't anyway.

Sorry to hear the news, hitony. Hope you manage to get other stuff sorted soon. I take it you're getting a pay-out?

It's all a bit nervy in the media, too, to be honest. If there's a recession, the last thing people need are silly magazines, so a few redunancies are forecast in media / pr over the next few months.

Good luck dude

.