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daniel stallion

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About daniel stallion

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  1. I have a 52" Plasma ... actually I have 2 ..... I'm just lashing out in shame ..... shame tinged with not really caring .....
  2. Maybe - but screw everyone else, I want to do it before the AK47's start spraying debt bullets in the streets. I actually have zero debt, but might rack some up. I think Injin is right, they lend me 'money' that didn't previously exist, which never manifests beyond numbers on a screen - then charge me interest and threaten to destroy me if I don't pay them back in actual money. If I don;t pay them back it actually makes no material difference to them.
  3. Does that ever work? I mean has anyone successfully done it in the UK (I've heard stories of it being done over seas and even with things like HP in the UK but that was a 'paperwork issue' and never on a mortgage)?
  4. Not true! Clegg and Cameron both looked like they were thinking: 'WTF ... is this a serious question?' I'm sure they actually wanted to say - 'sir, you have just explained a massive part of the problem, it is utter madness'. I think a lot of Public sector workers say 'banker' but mean 'private sector'. They literally cannot comprehend the idea that everyone will have to be impacted. They think 'everyone' means 'everyone else'.
  5. Also, can someone clarify something for me. Am I understanding correctly that the coalition are stating that Labour had 'baked in' £44Billions of spending 'cuts' in to financial projections but had not costed a single penny of it? So if they are to find, say, £6 Billions cuts, they actually need to find £50 Billions?
  6. It was like watching drug addicts being told they wont be given free drugs anymore. Everyone agrees drugs are bad - but are outraged when they are told their drug of choice isn't going to be handed out gratis anymore. It is also maddening to hear the constant references to 'bankers' as the cause of the debt. Not even vaguely true. I'm irritated that Cameron and his posse don't make it more clear. There are two issues, related, but distinct. A massive debt / structural deficit largely fuelled by Labour buying votes and a financial crisis. The latter has exacerbated the first, in fact, in some ways it was useful because it exposed the disgraceful tactics of Labour over the last 13 years.
  7. I'm not entirely sure. However, I'd guess the following are major reasons: a.) Cars overtly deteriorate and depreciate very quickly. Houses can literally last for hundreds of years. Probably a lot less true of some of the rubbish built in the modern era, but even still - most houses will remain perfectly functional far longer than the person buying them. b.) Due to the above - people see cars as transient - something they buy and fully 'consume' (or sell at residual value) relatively rapidly. c.) A house (or rather abode) is seen as a core element of a persons life. You sleep, cook, raise kids, retreat etc etc in your home, but a car is a 'tool'. Given this I think lots of people will 'stretch' themselves, to buy cars they really can't afford, but to nowhere near the extent that they will for houses because houses, even in the 2/3 x salary scenario suggested will not rapidly decline in value as cars do. I guess you are alluding to the fact that people will spend to such grotesque excess on houses because 1.) Banks will fund the excess and 2.) People believe house prices will be in the ascendancy forever. 1 Is definitely true, however, 2, whilst massively responsible for ever increasing speculation and a vicious circle of price rises, is not in my opinion the major factor for people spending as much as they can - I think that would still happen if houses were 3 x salary and only increased inline with inflation. I'd contend that certain elements of the housing market exacerbate the desire to spend as much as possible, but even if they were eliminated people would do exactly the same (just their ability to do so may be reduced). That is, people would still buy houses as big and as impressive as possible, even if it put them in financial peril.
  8. Partly because lots of people, probably a vast majority, don't want to live in a house they can easily afford, they want to live in the biggest / best / most impressively located house they can scrape enough money together to live in. If the 'average' house came down to 2x average salary, lots and lots of people, given the opportunity would still spend 3,4,5,6 x their salary.
  9. Yes, there is. You may morally object to it, but there is a reason.
  10. For clarity, I meant to write 'elected Politician'. Like I say, it does make the Government look stupid. My point was simply that debating against Campbell is like shouting in a vacuum.
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