Credit Crunch

[drummindefender]

Who else is actually worried about the effect its going to have on their own personal lives?

The main thing worrying me is that one of my lecturers said theres going to be less jobs available for my year group leaving university then in previous years, and when you consider how already competitative things are its leaving me a bit concerned :icon_eek:

 

[H T B]

Who else is actually worried about the effect its going to have on their own personal lives?

The main thing worrying me is that one of my lecturers said theres going to be less jobs available for my year group leaving university then in previous years, and when you consider how already competitative things are its leaving me a bit concerned :icon_eek:

All the more reason to knuckle down and do your best.

Yes it's bad out there, but it's not all doom and gloom.
There are a lot of scaremongerers, just don't become a professional victim.

 

[Yorkshire Vixen]

im not particularly worried i guess the only things that i would be bothered about are if my O/H lost his job (which i doubt cos he is 1 of the best at it where he is-hopefully) and if interest rates shoot up although there is talk they could be lowered this month not that those with mortgages will notice

 

[fcukcov]

im not particularly worried i guess the only things that i would be bothered about are if my O/H lost his job (which i doubt cos he is 1 of the best at it where he is-hopefully) and if interest rates shoot up although there is talk they could be lowered this month not that those with mortgages will notice

Im hoping it does drop slightly as my fixed rate is coming to an end soon and I want to get a new deal, but as you say it is unlikely the banks will pass the lower rate on.

 

[Darth Vodka]

i work in investment banking and my place is going to sack 40,000 people

nice

 

[Darth Vodka]

Im hoping it does drop slightly as my fixed rate is coming to an end soon and I want to get a new deal, but as you say it is unlikely the banks will pass the lower rate on.

dream on, you seen Libor lately?

 

[Yorkshire Vixen]

Im hoping it does drop slightly as my fixed rate is coming to an end soon and I want to get a new deal, but as you say it is unlikely the banks will pass the lower rate on.

apparently you should start looking for a new mortgage deal 6 months from the end of the new one, were on a variable rate and its not worth looking for a new deal because they usually have them with a £500 admin fee attached and we wouldnt make a saving in mortgage payments - so its a case of sitting tight and hoping for the best :icon_bigg

 

[highland fox]

Its affected me,everything I own is up for sale

 

[Darth Vodka]

a lot of people drop from fixed to variable this year, about two million

once people miss a couple of repayments the reposessions will start...

the banks know this, it's why HBOS's balance sheet is viewed as toxic

 

[Yorkshire Vixen]

Its affected me,everything I own is up for sale

thats not just down to the credit crunch though is it im guessing there are other factors involved

 

[drummindefender]

Including your house and shop h?

At least i can't lose much money, seeing as i haven't got any!

 

[highland fox]

thats not just down to the credit crunch though is it im guessing there are other factors involved

Been one of the worst seasons in history,people not spending.Of course other factors play a part but if I'd had a good season then I could have survived.I'm not looking for sympathy though,all of my own doing,live by the sword die by the sword.The Credit Cruunch as had a big influence on Tourism though,the people still travel but they spend considerably less.
Just have to pick myself up and start again,done it before.My money worries are that great that I've gone past the stage where I worry if you get my drift.I haven't got it so they can't have it

 

[highland fox]

Including your house and shop h?

At least i can't lose much money, seeing as i haven't got any!

Yep,the whole fecking Shooting Party

 

[Dickovforengland!]

i work in investment banking and my place is going to sack 40,000 people

nice

Hey DV I was chatting to a Fund Manager last night who thought that we're looking at a 2-3 year global recession.

Whats your view on the timescales involved for the Libor dropping? 2-3 years, or once the full impact of the higher mortgage rates kicks in on repossesions ie 12-18 months?

 

[Darth Vodka]

Hey DV I was chatting to a Fund Manager last night who thought that we're looking at a 2-3 year global recession.

Whats your view on the timescales involved for the Libor dropping? 2-3 years, or once the full impact of the higher mortgage rates kicks in on repossesions ie 12-18 months?

haven't a clue to be honest

i just watch house prices, libor and the base rate like everyone else

more concerned about if there's some bellend who does my job at HBOS

 

[Hazzman]

My Dad's taking unpaid holidays because there is simply no work on housing sites at the minute. Blokes of 25 years etc. have been laid off on Davis in all roles of housing construction.

 

[Darth Vodka]

a lot of builders are self-employed, so don't appear on the unemployment stats

 

[lazzer]

Our UK market is dead in the water at the moment.Due to the shit pound export is going quite nicely and Finland has gone mental.

 

[newtonfox]

http://news.bbc.co.uk/1/hi/world/americas/7647622.stm

 

[drew]

18 Months ago i had teh foresight to get one of those 10 year deals with Barclays, i'm locked in at %4.87 until 2016 Its also portable.

My business is doing reasonably well, in our market there are a lot of cowboys who sell stuff ridiculously cheap and go for the high volumes. They're now struggling as the volumes have disappeared, yet we're bobbing along making good money on smaller jobs.