Thursday, Sep 03, 2009
Beyond satire
Daily Express: The day we gave up living on easy credit
"MORE good news: not only are house prices rising, but the nation has finally come to its senses and stopped living off its credit cards." Seeing as mortgage debt is about 85% of all household debt, isn't this missing the point? Wasn't it only easy credit that inflated the house price bubble in the first place? I give up.
Posted by mark wadsworth @ 04:25 PM (1152 views) Add Comment
8 Comments
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1. phdinbubbles said...
A few days ago I wrote something on here about how the Express seems to be getting more objective. Never was I more wrong.
2. alan said...
Hi LP,
I think its a good sign that the Express recognises a debt problem. It also criticises the UK's shopping addiction and the idea that happiness comes from Jimmy Choo shoes.
I think one of the journalists has turned the corner into reality. Lets hope the rest of the paper follows soon (pity about the front page picture).
3. drewster said...
Two quotes from the same article:
"MORE good news: not only are house prices rising...."
"... another owes so much on her credit cards that she can’t get a mortgage to buy a house."
So for her, rising prices aren't good news at all!
4. Macca said...
Another one with HPI good news illness.
5. Umiapik said...
If you're expecting sense and consistency from the Daily Express, you're in for a very long wait...
6. bluebeach said...
I would rather read the Star than the crap that the Express put out...absolute feckin garbage. I work with an Express reader who wants to buy a bigger house in the next year... but is jumping for joy that his existing 2bed bungalow box is increasing in value, according to the Express..... You just couldn't write it could you.... Feckin Muppet
7. uncle tom said...
If you ever needed confirmation that there are a lot of idiotic people in this country, you only have remember that 700,000 people actually buy this newspaper every day...
8. dbc reed said...
It would be better for everybody if this silly woman did buy a load of shoes and clothes : people can't buy things like this (and employ others,in a sense themselves)because after spending 700 quid per month on housing costs (rents/mortgage repayments ,utilities ,council tax) plus 300 on tranport to get to the place (and then the matter of subsistence) most people don't have anything left.It should be the right-wing voice of business that complains about this because a)their customers are deprived of ready money b) their employees' wages are padded with a huge wodge to cover their accommodation costs.High house prices are business's and the entrepreneurs' biggest enemy but they are too conformist to realise.The Left is no better: it should be running a "Jobs not house price inflation:you can't have both" campaign.But it does n't have the bottle.Why not we're in for a Tory government and the Left should be setting up the Resistance now.