Brave New World Posted October 21, 2010 Share Posted October 21, 2010 We are not INSANE and we are not STUPID. We are optimist who love to spend money, live a good lifestyle. We were little .. or a lot naïve before. I think this economic climate has taught a lot of us the realities of life – life is not a bed of roses – it has thorns in it too! yeah and we are the poor feckers paying for your stupid greed through the rape of my savings. please someone who is registered on this site respond to her and thank her. as on another thread today, it is not really the banks to blame for this, it is idiots like this and their utter, feckless greed. i really hope they end up in a bedsit somewhere. what scum. Quote Link to comment Share on other sites More sharing options...
Ulfar Posted October 21, 2010 Share Posted October 21, 2010 The problem is the OP off that thread in his responses displays an attitude indicating that he wants to keep the lifestyle. It would be relatively easy to cut a lot out of his outgoings but they don't want too. I would sell the second car, I know in one of the post he says partner needs it for occasional work, but does that occasional work equate to £1000 Gross income a month because that is what the second car is costing in tax and insurance alone, never mind fuel and maintenance. Other things that can be reduced are the Life/Health/House insurances, get rid of the cable TV switch to freeview, put more jumpers on turn the thermostat down. Kids/Leisure/Misc what is this, if its not essential then cut it out ? Sorry but even with just those measures I would be saving at least £2000. Depending on Property 1's size move into that and stop paying rent/mortgage on where they are living. Sorry but this just makes me so cross, they got themselves into this mess but just aren't willing to face up to the measures required to get themselves out. Oh and while I remember maybe the missus having another kid know so she isn't working isn't the best idea in the world. Quote Link to comment Share on other sites More sharing options...
gnosis Posted October 21, 2010 Share Posted October 21, 2010 We are not INSANE and we are not STUPID. We are optimist who love to spend money, live a good lifestyle. We were little .. or a lot naïve before. I think this economic climate has taught a lot of us the realities of life – life is not a bed of roses – it has thorns in it too! yeah and we are the poor feckers paying for your stupid greed through the rape of my savings. please someone who is registered on this site respond to her and thank her. as on another thread today, it is not really the banks to blame for this, it is idiots like this and their utter, feckless greed. i really hope they end up in a bedsit somewhere. what scum. You're all heart, aren't ya? Yes, these people knew by buying their BTL's it would lead to 0 interest rates for you in particular, what went wrong with their crystal ball? Quote Link to comment Share on other sites More sharing options...
South Lorne Posted October 21, 2010 Share Posted October 21, 2010 ...... what went wrong with their crystal ball? ...ask the people who went through the 'Dutch Bulb Bubble Burst' ...... Quote Link to comment Share on other sites More sharing options...
Snow Birds Posted October 21, 2010 Share Posted October 21, 2010 I'm not so sure you are seeing things the way the feckless see things. Any one of us could get credit cards or second mortgages or credit lines etc. etc. Me and the Missus reckon that if we went hog wild and didn't give a rat's ass we could probably raise half a million in credit fairly easily and maybe a million with a little effort. There is a type of person who would do just that. Buy nice cars, lots of vacations, party central, drink, drugs and rock and roll. When the money runs out they have a pile of memories and stories. They have done what many would like to do, but never will. So they end up in a council, one bed apartment and live off pizza for the rest of their lives, but it was all worth it. They lived the good life for however many years and that is more than you or I will ever do. They think they are smarter than you, mostly because you paid for it all and, quite frankly, they have a point. It all reminds me of a friend who arranged a marriage with a hot chick Russian. She stayed with him for three years until she had her citizenship papers and was gone the next day. The whole thing cost about 10K and when I asked him how he felt about it, now that she was gone, he said, "It was worth every cent." These feckless will only go back to where they would have been if they had taken the "responsible" route in the first place, but Oh! Boy . . . . the memories! Quote Link to comment Share on other sites More sharing options...
b_real Posted October 21, 2010 Share Posted October 21, 2010 It all reminds me of a friend who arranged a marriage with a hot chick Russian. She stayed with him for three years until she had her citizenship papers and was gone the next day. The whole thing cost about 10K and when I asked him how he felt about it, now that she was gone, he said, "It was worth every cent." That's a Bargain. Quote Link to comment Share on other sites More sharing options...
Cozza Posted October 21, 2010 Share Posted October 21, 2010 Yep, its all written as if its normal thing. When being told your best chance is to emimrate I think I'd panic. Why doesn't someone just advise this family to go bankrupt. Surely it's the only way out? Quote Link to comment Share on other sites More sharing options...
sbn Posted October 21, 2010 Share Posted October 21, 2010 (edited) People like THIS share the blame with the BANKS and those who failed abysmally to regulate them. They should not go unpunished Edited October 21, 2010 by sbn Quote Link to comment Share on other sites More sharing options...
exiges Posted October 21, 2010 Share Posted October 21, 2010 I like this bit Not sure if will ever be able to afford a bigger place Not even able to pay for the mess they're in, they're aspiring to an even bigger place. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted October 21, 2010 Share Posted October 21, 2010 Why doesn't someone just advise this family to go bankrupt. Surely it's the only way out? ...agreed ...I'd say they were trading under false pretence...... Quote Link to comment Share on other sites More sharing options...
sbn Posted October 21, 2010 Share Posted October 21, 2010 If I end up dead from a smack overdose at 28, whose fault is it? Mine? My dealers? The police? perhaps a bit of all 3? Or perhaps just the police and the dealer? My twin, who never did smack lives to a ripe old age........ Just luck is it? Quote Link to comment Share on other sites More sharing options...
zilly Posted October 21, 2010 Share Posted October 21, 2010 (edited) One thing they definitely were NOT is GREEDY. No - they were ASPIRATIONAL. And we negheads should take a leaf out of their book - what a great 'go for it!' attitude they've got! Wealth creators. Super stuff. Chalk another disaster up to the 'conspiracy of optimism'. And do I care? No. Edited October 21, 2010 by zilly Quote Link to comment Share on other sites More sharing options...
Djini Posted October 21, 2010 Share Posted October 21, 2010 (edited) If they declare themselves bankrupt (which to me is the sensible option) and the banks and loan companies end up footing the bill I can't say I'm sympathetic. The banks are happy to take whatever interest they take, which should be based on the RISK that the money never comes back to them. If they got their sums wrong and gave away this money without understanding how risky it was it's their own fault. It's a bummer that the banks etc will pass on the bill to their depositers, but if you don't like it you should take your money elsewhere. I object to the idea that the government has to then bail out the bank because it didn't calculate it's risks well enough, and ultimately we pay via taxation, but again, the government didn't regulate the business so in effect, the government didn't calculate the risk for England PLC either. Lastly, can we blame the government for it's poor regulation when we as voters put them in there? Did we try and understand the problem and chose the people who would reform it? Everyone was happy to drink the Champagne... No-one wants to pay for it. Wow! What a shocker! Edited October 21, 2010 by Djini Quote Link to comment Share on other sites More sharing options...
N1AK Posted October 21, 2010 Share Posted October 21, 2010 I bet you'd been itching to write this for a long time but you've chosen the wrong thread. All I read here so far is understandable astonishment and if anything I am surprised by the restraint of the posters. You forget the harm these brainless people have done and still intend to do to others, beginning with their own children. They deserve all the abuse that is coming to them. Thanks. You're right, up until you added that the lowest it had gotten was general amusement. I'm glad you took the time to strengthen my case No need though, Brave New World kindly set the bar even lower just afterwards. You lost your bet any way. I don't have a long list of agenda items that I'm trying to sneak onto the site when opportunity arises. I come here for a useful perspective, and some good analysis, about property. It would just be nice if some of the other content didn't leave me feeling tainted by association. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted October 21, 2010 Share Posted October 21, 2010 I think 'some' of the responses in this thread are good examples of why this site has a pretty negative image. Sure, the OP may well have made some monumental stupid decisions, but that doesn't stop this being about a family with 2 (soon to be 3) children who are drowning in debt. Lets get some things straight here ... This womans (or at least people like her living in the UK) unplayable debt is cash that will be taken by force (taxes, low IRs etc) from me. No matter how dire the circumstances of another family is is simple not right that me and people like me will be robbed to help them. the fact that it is entirely a situation of their own conscious making gives me even less cause to be sympathetic. I mean, you dont get into half a million -ve E over night, they have been negligent and wreakless to get in that situation. Quote Link to comment Share on other sites More sharing options...
brassed off brit Posted October 21, 2010 Share Posted October 21, 2010 These folks are still under the belief that someone somewhere will bail them out, muppets! Bet the two "necessary cars" are range rovers! or something hidearsesly big like that, the only way to explain the high insurance. They could'nt possibly share an old micra ! could they! the thought of it! Quote Link to comment Share on other sites More sharing options...
N1AK Posted October 21, 2010 Share Posted October 21, 2010 What I don't get is why you don't pick up on the complete lack of remorse at having so badly screwed up. We even get the odd petulant remark "I would prefer if anyone has any constructive opinion here." directed at some poor schmuck who mentions she needs business advice, forgetting that the schmuck is the one, together with his children and grandchildren, who will have to pay back the loans that THAT COW should never have taken on in the first place. I'm sorry but sympathy would be thoroughly inadvisable in this instance IMO. One ginormous kick in the behind would be more appropriate. The spectrum of choices isn't limited to 'sympathise' and 'revel in the suffering of'. I did not, and still will not defend her actions which are clearly ill-advised. I said that threads like this, which quickly become circle jerks about the problems of others, have given this site a negative reputation. Have your fun. I'm not attempting to censor the content, I'm expressing an opinion on it. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 21, 2010 Share Posted October 21, 2010 ... they were ASPIRATIONAL. And we negheads should take a leaf out of their book ... What a shame that we suffer so from analysis paralysis and an aversion to using OPM, MLM, BMV, MEW and no money down deals. It's all about passive income streams dontcha know. Ah, that kinda language makes me feel so nostalgic for 04-08! Feel free to make additions to this informal lexicon of all things looney! Quote Link to comment Share on other sites More sharing options...
N1AK Posted October 21, 2010 Share Posted October 21, 2010 Lets get some things straight here ... This womans (or at least people like her living in the UK) unplayable debt is cash that will be taken by force (taxes, low IRs etc) from me. No matter how dire the circumstances of another family is is simple not right that me and people like me will be robbed to help them. the fact that it is entirely a situation of their own conscious making gives me even less cause to be sympathetic. I mean, you dont get into half a million -ve E over night, they have been negligent and wreakless to get in that situation. Who's asking for sympathy? There's very little to feel sympathetic about, it doesn't mean that we should all be rejoicing at the fact a family is completely stuffed. A heroin addict who lives rough on the street may well have brought it on himself. I still don't go down the pub and laugh about it with my mates, and I do think "Wouldn't it be nice if he hadn't ******ed his life up". Quote Link to comment Share on other sites More sharing options...
winkie Posted October 21, 2010 Share Posted October 21, 2010 They say people learn from their mistakes...but I doubt it. Do you think they will get the opportunity again? Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 21, 2010 Share Posted October 21, 2010 ... threads like this, which quickly become circle jerks about the problems of others, have given this site a negative reputation. Have your fun. Ever visit SingingPig during 04->08? Thought not. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted October 21, 2010 Share Posted October 21, 2010 We do all know this is Eire, right? I don't think there will be many UK people acknowledging the extent of their NE. And this will be how it could play out for a lot of people if/when HPs fall to that extent over here. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 21, 2010 Share Posted October 21, 2010 ...it doesn't mean that we should all be rejoicing at the fact a family is completely stuffed. What family? Property speculation is highly risky. If I took my bird to a casino, put everything I have on black and f**ked her on the table as the wheel was spinning would you call me a family? Quote Link to comment Share on other sites More sharing options...
sbn Posted October 21, 2010 Share Posted October 21, 2010 (edited) Who's asking for sympathy? There's very little to feel sympathetic about, it doesn't mean that we should all be rejoicing at the fact a family is completely stuffed. A heroin addict who lives rough on the street may well have brought it on himself. I still don't go down the pub and laugh about it with my mates, and I do think "Wouldn't it be nice if he hadn't ******ed his life up". Ah yes, but what if he was mugging your kids for the money for his habit? - And the police not only turned a blind eye - but for 13 years - held your kids' arms while he went through their pockets..... because "it was the right thing to do". THATS why we laugh Because if we didn't - we'd cry. Edited October 21, 2010 by sbn Quote Link to comment Share on other sites More sharing options...
Self Employed Youth Posted October 21, 2010 Share Posted October 21, 2010 She should read the bible, religiously, I fail to see what else would offer her sanctuary. Quote Link to comment Share on other sites More sharing options...
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