Jump to content
House Price Crash Forum
Smell the Fear

Daily Express Headline!

Recommended Posts

I had a quick scan and didn't see any mention of this. I walked past a shop earlier and saw the following headline:

"Good Time Britons in £1 trillion spending spree"

see top right on the following link: Express

A hilarious positive spin on the debt issue. I scanned the front page only, and the gist of it was that the debt was a sign of our wealth and represented the efforts of hard working families that had boosted the economy. Yes folks, hard work = bigger debt. They acknowledge that debt has doubled.

Who is behind this garbage? Who is pulling the strings at the Express?

Apparently the £1 trillion represents spending on such things as cars and mortgage payments. Cars, ok. But please tell me people aren't borrowing to pay the mortgage......

Can they really be ignorant of the fact that the debt represents hard work YET TO BE DONE? :lol:

If anyone has the full article, maybe they could give some of the other trash in this article?

Edited by Smell the Fear

Share this post


Link to post
Share on other sites

I had a quick scan and didn't see any mention of this. I walked past a shop earlier and saw the following headline:

"Good Time Britons in £1 trillion spending spree"

see top right on the following link: Express

A hilarious positive spin on the debt issue. I scanned the front page only, and the gist of it was that the debt was a sign of our wealth and represented the efforts of hard working families that had boosted the economy. Yes folks, hard work = bigger debt. They acknowledge that debt has doubled.

Who is behind this garbage? Who is pulling the strings at the Express?

Apparently the £1 trillion represents spending on such things as cars and mortgage payments. Cars, ok. But please tell me people aren't borrowing to pay the mortgage......

Can they really be ignorant of the fact that the debt represents hard work YET TO BE DONE? :lol:

If anyone has the full article, maybe they could give some of the other trash in this article?

Of course people are borrowing to pay their mortgage payments along with their other credit cards that are up to the limit

I worked in finance during the last crash and the pattern is exactly the same - although if you were 10k in debt then that was suicidal now it's the norm!

The question is how long are the banks going to let it carry on?

CS

Share this post


Link to post
Share on other sites

As sure as 'food is simply sh*t waiting to happen' 'debt is simply money waiting to be earnt'.

Share this post


Link to post
Share on other sites

Big article on this in the guardian as well. Lots of pictures of shiny new stuff and much positive spin. Not one mention of record debt levels. The only negative thing in the article is a quote from some guy saying that people aren't any happier than 50 years ago despite a huge increase in consumption. I'd imagine it's probably beacause they're up to their eyes in debt.

:blink:

Share this post


Link to post
Share on other sites

Big article on this in the guardian as well. Lots of pictures of shiny new stuff and much positive spin. Not one mention of record debt levels. The only negative thing in the article is a quote from some guy saying that people aren't any happier than 50 years ago despite a huge increase in consumption. I'd imagine it's probably beacause they're up to their eyes in debt.

:blink:

And they can't afford a cupboard to put their mew'ed bought tat in.

Share this post


Link to post
Share on other sites

The Express has long warned of silly house prices and debt levels, but I believe they got taken over and then had a complete about turn of opinion.

Share this post


Link to post
Share on other sites

Big article on this in the guardian as well. Lots of pictures of shiny new stuff and much positive spin. Not one mention of record debt levels. The only negative thing in the article is a quote from some guy saying that people aren't any happier than 50 years ago despite a huge increase in consumption. I'd imagine it's probably beacause they're up to their eyes in debt.

:blink:

The real reason we are so unhappy is the loss of the "social wage" which existed 50 years ago. Basically that means that the earnings of 1 man were adequate to support his whole family.

That is the perfect demonstration that we are considerably poorer than we were 50 years ago. You can chart the progress of this poverty with the rise of women in the workplace. At first, it was part-time work after the kids went to school, fitted around the children's day. Then full time work. Now it is full time work after short maternity leave, and childcare farmed out to a private enterprise who can't provide the same level of care, love and attention that a mother can.

Just to point out that I'm not sexist - ideally the living wage should go to whichever partner decides to work (or both if that is what they want - but I don't believe most do).

Share this post


Link to post
Share on other sites

Somebody please tell me that you are all joking. I don't care if it's not April the 1st, I just want to know that major newspapers aren't publishing this dangerous tripe.

Billy Shears

Share this post


Link to post
Share on other sites
That is the perfect demonstration that we are considerably poorer than we were 50 years ago.

But we've got iPods, dude! iPods!

Share this post


Link to post
Share on other sites

Somebody please tell me that you are all joking. I don't care if it's not April the 1st, I just want to know that major newspapers aren't publishing this dangerous tripe.

Billy Shears

I too am incredulous.

I have learnt to deal with the acorn of 'want' in my mind.

Tred on it before it sprouts, the earlier in the mental process you stop it, the better chance you have of not buying it!

And avoid magazines, which are only there to launch and hype the next big thing for a couple of months, and then move on to the next.

I would have been more at home 50 years ago, and need no convincing that they led more rewarding lifes, without the never ending pressure of over consumption.

On the odd occasion I give in and buy, I am never happy, and always regret doing it.

I was one of the first to buy an ipod (my dubious claim to fame). I won't tell you how much it cost me! Or how long the battery lasted ;(

.

Share this post


Link to post
Share on other sites
The Express has long warned of silly house prices and debt levels, but I believe they got taken over and then had a complete about turn of opinion.

You are right, they used to be much more bearish. However, I believe their new editor started a "British Values" campain along with the price cut. People do not like being told that their biggest asset is going down in value (it is just not cricket) so ever since then they have been much more bullish!

Share this post


Link to post
Share on other sites

I too am incredulous.

I have learnt to deal with the acorn of 'want' in my mind.

Tred on it before it sprouts, the earlier in the mental process you stop it, the better chance you have of not buying it!

And avoid magazines, which are only there to launch and hype the next big thing for a couple of months, and then move on to the next.

I would have been more at home 50 years ago, and need no convincing that they led more rewarding lifes, without the never ending pressure of over consumption.

On the odd occasion I give in and buy, I am never happy, and always regret doing it.

I was one of the first to buy an ipod (my dubious claim to fame). I won't tell you how much it cost me! Or how long the battery lasted ;(

.

You only have one ipod? Whats wrong with you man? If I hadnt bought so many i would be on the ladder now. :(

Share this post


Link to post
Share on other sites

I too am incredulous.

I have learnt to deal with the acorn of 'want' in my mind.

Tred on it before it sprouts, the earlier in the mental process you stop it, the better chance you have of not buying it!

And avoid magazines, which are only there to launch and hype the next big thing for a couple of months, and then move on to the next.

I would have been more at home 50 years ago, and need no convincing that they led more rewarding lifes, without the never ending pressure of over consumption.

On the odd occasion I give in and buy, I am never happy, and always regret doing it.

I was one of the first to buy an ipod (my dubious claim to fame). I won't tell you how much it cost me! Or how long the battery lasted ;(

.

Ahhhhhhhh,but they start so young now!A nephew,18 years old,on a couple of hundred quid a week has gone for a £15k loan on a car!Couldn`t talk him out of it!

Share this post


Link to post
Share on other sites

You only have one ipod? Whats wrong with you man? If I hadnt bought so many i would be on the ladder now. :(

It's not true, I started early ... I now have 4231 :blink:

.

Share this post


Link to post
Share on other sites

I too am incredulous.

I have learnt to deal with the acorn of 'want' in my mind.

Tread on it before it sprouts, the earlier in the mental process you stop it, the better chance you have of not buying it!

And avoid magazines, which are only there to launch and hype the next big thing for a couple of months, and then move on to the next.

can I add, avoid twittering buffoons and TV.

Always makes me laugh when the amount of debt is reported as non debt because the value of housing stock is greater. They fail to mention that without the free and easy debt its value would plummet.

Share this post


Link to post
Share on other sites

The real reason we are so unhappy is the loss of the "social wage" which existed 50 years ago. Basically that means that the earnings of 1 man were adequate to support his whole family.

That is the perfect demonstration that we are considerably poorer than we were 50 years ago. You can chart the progress of this poverty with the rise of women in the workplace. At first, it was part-time work after the kids went to school, fitted around the children's day. Then full time work. Now it is full time work after short maternity leave, and childcare farmed out to a private enterprise who can't provide the same level of care, love and attention that a mother can.

Just to point out that I'm not sexist - ideally the living wage should go to whichever partner decides to work (or both if that is what they want - but I don't believe most do).

I think you have the wrong end of the stick here-

We ARE richer than we were 50 years ago. BUT we have become more and more demanding with ever higher expectations. These days we arent happy with a holiday to the Isle of Wight- we need 4 weeks in the Maldives to be happy! We cant just have a PC at home, but a PC, Laptop, PS2 and PSP for the kids also! Its a sea-change in the level of materialism in our society.

Look at crime for example- there is no REAL poverty in the UK. The "Deprivation Index" that is so oft refered to as a correlation (and therefore cause) of crime is really an index of those whose mobile phones can only take pictures rather than movies, who only have a plain old MP3 player rather than an iPod nano, who can only afford a holiday in Majorca rather than Barbados or Mauritius.

We really are so much better of than 50 years ago. The reason we arent so much happier is because we are so much GREEDIER

Edited by jonewer

Share this post


Link to post
Share on other sites

I think you have the wrong end of the stick here-

We ARE richer than we were 50 years ago. BUT we have become more and more demanding with ever higher expectations. These days we arent happy with a holiday to the Isle of Wight- we need 4 weeks in the Maldives to be happy! We cant just have a PC at home, but a PC, Laptop, PS2 and PSP for the kids also! Its a sea-change in the level of materialism in our society.

Look at crime for example- there is no REAL poverty in the UK. The "Deprivation Index" that is so oft refered to as a correlation (and therefore cause) of crime is really an index of those whose mobile phones can only take pictures rather than movies, who only have a plain old MP3 player rather than an iPod nano, who can only afford a holiday in Majorca rather than Barbados or Mauritius.

We really are so much better of than 50 years ago. The reason we arent so much happier is because we are so much GREEDIER

hear hear! you took the words right out of my mouth

Share this post


Link to post
Share on other sites

I think you have the wrong end of the stick here-

We ARE richer than we were 50 years ago. BUT we have become more and more demanding with ever higher expectations. These days we arent happy with a holiday to the Isle of Wight- we need 4 weeks in the Maldives to be happy! We cant just have a PC at home, but a PC, Laptop, PS2 and PSP for the kids also! Its a sea-change in the level of materialism in our society.

Look at crime for example- there is no REAL poverty in the UK. The "Deprivation Index" that is so oft refered to as a correlation (and therefore cause) of crime is really an index of those whose mobile phones can only take pictures rather than movies, who only have a plain old MP3 player rather than an iPod nano, who can only afford a holiday in Majorca rather than Barbados or Mauritius.

We really are so much better of than 50 years ago. The reason we arent so much happier is because we are so much GREEDIER

Sorry, but this is just wrong. A man on average earnings (and many on well above) cannot afford to house, feed and clothe a small family. All of the stuff you describe above is mere fluff that is distracting you from that underlying reality. Most of that stuff didn''t exist 50 years ago.

Having an MP3 player is like having a colour television when they arrived. No big deal, and in reality about the same price as a couple of days interest on a 90% mortgage on an average home. Fluff, nothing more, nothing less.

And most people don't go diving for 4 weeks in the Maldives in my experience.

Share this post


Link to post
Share on other sites

Of course people are borrowing to pay their mortgage payments along with their other credit cards that are up to the limit

I worked in finance during the last crash and the pattern is exactly the same - although if you were 10k in debt then that was suicidal now it's the norm!

The question is how long are the banks going to let it carry on?

CS

A colleague, who is an accoutant specialising in insolvency and whom I have little reason to disbelieve, has assured me that a large number of home owners or owner occupiers running up credit card and personal loans, unsecured debt, can quite feasibly walk away from the debt with a token payment plan (perhaps 5% of the debt over a ten or twenty year repayment period). Nice! That was legislation from Gordy, thank you very much.

Edited by boom_and_bust

Share this post


Link to post
Share on other sites

Everyone enjoys a good party,

then they wake up to the hangover

True but who is left in the morning to wipe up the mess? :unsure:

Share this post


Link to post
Share on other sites

I think you have the wrong end of the stick here-

We ARE richer than we were 50 years ago. BUT we have become more and more demanding with ever higher expectations. These days we arent happy with a holiday to the Isle of Wight- we need 4 weeks in the Maldives to be happy! We cant just have a PC at home, but a PC, Laptop, PS2 and PSP for the kids also! Its a sea-change in the level of materialism in our society.

Look at crime for example- there is no REAL poverty in the UK. The "Deprivation Index" that is so oft refered to as a correlation (and therefore cause) of crime is really an index of those whose mobile phones can only take pictures rather than movies, who only have a plain old MP3 player rather than an iPod nano, who can only afford a holiday in Majorca rather than Barbados or Mauritius.

We really are so much better of than 50 years ago. The reason we arent so much happier is because we are so much GREEDIER

Load of garbage. My grandad had almost no qualifications at school. Was trained-up by two employers and had a living wage job that enabled him to buy a house and support a family. He also had the 'ipods of the day' - colour TV, radios, car, mircowave and Amstrad computer a little later on. Saved for, mind you, not debt-spluged - he hated debt and polished of the mortgage well ahead of time.

Today without qualifications he'd probably be told he was a lazy sod/chav/hoi polloi who didn't want to work, live in a scummy bedsit on a 10 year council waiting list, earn 10k and by up a against millions of overseas temporary workers. If he had managed to get anything out of school at all he'd be hoodwinked into taking out a crippling debt to go to Uni and - if averages suggested by the author of the book Mismanagement of Talent are anything to go buy - could end up starting on no more than about 12.5k as an average graduate.

No wonder so called 'chavs' seem to want to piss all over society. It's a piece of crap.

Share this post


Link to post
Share on other sites

What made me literally splutter with amusement in Tescos where I scanned this crappy article was the "-and it's all down to hard work" line.

IS IT F*** :D:P:D:lol:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.