Killer Bunny Posted July 9, 2020 Share Posted July 9, 2020 3 minutes ago, Dreamcasting said: Yes, and because we're heading into such a dire situation, there's a very significant risk that in the process, Chad with his huge mortgage gets to keep his nice house by default, whilst you get all of your stuff that isn't housing related taken off you. Doubt it very much. C Banks and Govts are focussed on GDP and St Mkts. <10% risk of what you say as I see it. Quote Link to comment Share on other sites More sharing options...
Speed1987 Posted July 9, 2020 Share Posted July 9, 2020 14 minutes ago, Dreamcasting said: Yes, and because we're heading into such a dire situation, there's a very significant risk that in the process, Chad with his huge mortgage gets to keep his nice house by default, whilst you get all of your stuff that isn't housing related taken off you. +1. Quote Link to comment Share on other sites More sharing options...
Speed1987 Posted July 9, 2020 Share Posted July 9, 2020 Hmmm, does anyone have a tally of the actual job losses so far. I know the BBC stated 600k. Quote Link to comment Share on other sites More sharing options...
petetong Posted July 9, 2020 Share Posted July 9, 2020 30 minutes ago, Killer Bunny said: Doubt it very much. C Banks and Govts are focussed on GDP and St Mkts. <10% risk of what you say as I see it. Apart from buying an over priced rabbit hutch how could one protect oneself ? Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 9, 2020 Share Posted July 9, 2020 39 minutes ago, Dreamcasting said: Yes, and because we're heading into such a dire situation, there's a very significant risk that in the process, Chad with his huge mortgage gets to keep his nice house by default, whilst you get all of your stuff that isn't housing related taken off you. Given Brexit is around the corner, surely this would scare away external investment and so forth. It's a global market, after all. Quote Link to comment Share on other sites More sharing options...
Speed1987 Posted July 9, 2020 Share Posted July 9, 2020 Just now, petetong said: Apart from buying an over priced rabbit hutch how could one protect oneself ? Which is exactly why people need to becareful, as theres gonna be alot of cash moving into assets right now. The primary asset of all, on the second rung of Malsows Hierarchy of needs is housing. If people lose their jobs and foresee they cannot make mortgage payments, they will downsize now. Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 9, 2020 Share Posted July 9, 2020 1 minute ago, Speed1987 said: If people lose their jobs and foresee they cannot make mortgage payments, they will downsize now. I thought the benefits system would have this covered? For most at least. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 9, 2020 Share Posted July 9, 2020 9 minutes ago, petetong said: Apart from buying an over priced rabbit hutch how could one protect oneself ? Have you read the Gold thread recently? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 9, 2020 Share Posted July 9, 2020 3 minutes ago, blackhole said: I thought the benefits system would have this covered? For most at least. Benefits pay mortgages??? Seriously? Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 9, 2020 Share Posted July 9, 2020 (edited) 3 minutes ago, Killer Bunny said: Benefits pay mortgages??? Seriously? Support for mortgage interest etc etc? Oooh its turned into a loan. That's recent. Interesting.... https://www.gov.uk/support-for-mortgage-interest Edited July 9, 2020 by blackhole Quote Link to comment Share on other sites More sharing options...
moonriver Posted July 9, 2020 Share Posted July 9, 2020 1 hour ago, Killer Bunny said: I've said repeatedly, since APRIL, and on here, for weeks, that we're heading into the biggest recession since the 1930s. Blindingly obvious. Agree, 9,900 job losses announced today alone. Imo no way with all this going on, will the housing market avoid a crash. https://www.lbcnews.co.uk/uk-news/9-900-british-jobs-lost-in-single-day-as-major-brands-announce-cuts/ ...9,900 British jobs lost in single day as major brands announce cuts...companies haemorrhage workers in an effort to stay alive... Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 9, 2020 Share Posted July 9, 2020 9 minutes ago, moonriver said: Agree, 9,900 job losses announced today alone. Imo no way with all this going on, will the housing market avoid a crash. https://www.lbcnews.co.uk/uk-news/9-900-british-jobs-lost-in-single-day-as-major-brands-announce-cuts/ ...9,900 British jobs lost in single day as major brands announce cuts...companies haemorrhage workers in an effort to stay alive... Meanwhile over in the states https://www.restaurantdive.com/news/53-of-restaurants-closed-amid-coronavirus-have-shuttered-permanently-yelp/581024/ Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 9, 2020 Share Posted July 9, 2020 US has 30 000 000 unemployed now. You. Couldn’t. Make. It. Up. Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 9, 2020 Share Posted July 9, 2020 11 minutes ago, Killer Bunny said: US has 30 000 000 unemployed now. You. Couldn’t. Make. It. Up. That's the confirmed cases (!!!). Millions of cases still havent been processed and its July. Quote Link to comment Share on other sites More sharing options...
hp72 Posted July 12, 2020 Share Posted July 12, 2020 Zoopla redundancies... ZPG https://propertyindustryeye.com/redundancy-consultations-under-way-at-zpg/ News reached us this morning that redundancy consultations are under way within ZPG Group. ZPG has given us this statement: “The unprecedented difficulties faced by the property market have required us to reflect on the way we take our business forward. Quote Link to comment Share on other sites More sharing options...
Council estate capitalist Posted July 12, 2020 Share Posted July 12, 2020 On 09/07/2020 at 19:34, blackhole said: Support for mortgage interest etc etc? Oooh its turned into a loan. That's recent. Interesting.... https://www.gov.uk/support-for-mortgage-interest Take up really dropped off a cliff after they turned it in to a loan even though the interest on the DWP loan is only 1.3% I think the drop in take up is engineered by the DWP. You can only get it under certain cases & the people that are likely to get it have small mortgages so it wouldn't be that much money anyway.... Quote Link to comment Share on other sites More sharing options...
Warlord Posted July 12, 2020 Share Posted July 12, 2020 I love your username @Council estate capitalist do you get into arguments with neighbours or do you keep your views to yourself? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 12, 2020 Share Posted July 12, 2020 That Brexit was hugely support in the NE shows that workers get it. They also got Maggie irres of what the media or socialists say. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted July 12, 2020 Share Posted July 12, 2020 1 hour ago, Killer Bunny said: That Brexit was hugely support in the NE shows that workers get it. They also got Maggie irres of what the media or socialists say. The man who founded the modern Labour Party had some interesting observations on immigration and the impact on working people increased wage competition may have. Their current leader is named after him. Surprised he hasn’t been cancelled yet for his views which would hardly pass the woke test - Hardie not Starmer! https://www.dailymail.co.uk/debate/article-8418477/amp/Questions-raised-bust-Labour-party-founder-Keir-Hardie-passes-woke-test.html We are going to have a huge excess of unskilled labour with millions having nothing to do and waiting for their next welfare cheque. We focus on the economic impacts but the social consequences are going to be huge. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 12, 2020 Share Posted July 12, 2020 No doubt. People have no idea what’s coming. No. Idea. Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 13, 2020 Share Posted July 13, 2020 18 hours ago, Council estate capitalist said: Take up really dropped off a cliff after they turned it in to a loan even though the interest on the DWP loan is only 1.3% I think the drop in take up is engineered by the DWP. You can only get it under certain cases & the people that are likely to get it have small mortgages so it wouldn't be that much money anyway.... Interesting observation. Quote Link to comment Share on other sites More sharing options...
blackhole Posted July 13, 2020 Share Posted July 13, 2020 13 hours ago, Killer Bunny said: No doubt. People have no idea what’s coming. No. Idea. Many of the working population <40 havent seen a recession in their working lifetimes. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 13, 2020 Share Posted July 13, 2020 4 minutes ago, blackhole said: Many of the working population <40 havent seen a recession in their working lifetimes. They think 2008 was a bad recession... And late 89 to 93/4. They have no f'g idea. Quote Link to comment Share on other sites More sharing options...
Drifty Posted July 13, 2020 Share Posted July 13, 2020 G4S getting rid of 1000 jobs Quote Link to comment Share on other sites More sharing options...
Big Orange Posted July 13, 2020 Share Posted July 13, 2020 Crazy, two nuclear armed nations are getting thrown into anarchy and unable to sustain their middle classes for much longer. Quote Link to comment Share on other sites More sharing options...
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