the end is a bit nigher Posted September 9, 2007 Share Posted September 9, 2007 just been looking on the web at houses for sale near my parents - one thing stands out amongst them all - houses with ludicrous asking prices but crap furniture inside and crap cars outside make of it what you will but we know the answer really, don't we? Quote Link to comment Share on other sites More sharing options...
pimperne1 Posted September 10, 2007 Share Posted September 10, 2007 (edited) just been looking on the web at houses for sale near my parents - one thing stands out amongst them all - houses with ludicrous asking prices but crap furniture inside and crap cars outsidemake of it what you will but we know the answer really, don't we? That they have not been releasing equity from their property and wasting it on consumables? Edited September 10, 2007 by pimperne1 Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted September 10, 2007 Share Posted September 10, 2007 I understand what you mean I you can go down a street where the cheapest home is £500,000 and see cars which you feel are not safe (I don't mean BMW/mercs etc I mean bangers that you wouldn;t feel safe in) but then if you look at the average household income in such areas seldom is it over 50K you do wonder as you can get a lovely little safe car for a few grand now and i wouldn't let my wife/child drive something dangerous. On the other hand I was driving through a rough area and saw some nice cars TVR a M3 so your guess is as ood as mine. One thing is clear now though if you took that house away and asked them to buy it again with 30% deposit they wouldn't be able to do it. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 10, 2007 Share Posted September 10, 2007 just been looking on the web at houses for sale near my parents - one thing stands out amongst them all - houses with ludicrous asking prices but crap furniture inside and crap cars outsidemake of it what you will but we know the answer really, don't we? It means that if you bought one of those houses it would be like going up to a stranger, telling them they've won the lottery, writing the cheque yourself and then working for 20 years to pay it off. I'm not that generous. Quote Link to comment Share on other sites More sharing options...
Andy Jones Posted September 10, 2007 Share Posted September 10, 2007 I have an 11yr old BMW and a 5 year old Focus on my drive. Worth maybe £5k between them. I have a more expensive watch than that. You'd be mad to ever try to judge anyones wealth by their wheels. In fact the inverse usually applies. The chap in the dented and rusting Subaru with the mouldy tweed jacket on the back seat probably owns half the county in my experience. ANDY ps the 'nice' car is in the garage and out of sight. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted September 10, 2007 Share Posted September 10, 2007 It means that if you bought one of those houses it would be like going up to a stranger, telling them they've won the lottery, writing the cheque yourself and then working for 20 years to pay it off. I'm not that generous. Agree, Sod paying a bunch of middle class tossers a load of money for a crap house so that you can be a slave for the rest of time, while they enjoy a spending bonanza. What a rubbish deal buying a house really is these days (but not for much longer). Quote Link to comment Share on other sites More sharing options...
pimperne1 Posted September 10, 2007 Share Posted September 10, 2007 It means that if you bought one of those houses it would be like going up to a stranger, telling them they've won the lottery, writing the cheque yourself and then working for 20 years to pay it off. I'm not that generous. And then in ten years time someone coming up to you in the street and telling you had won the lottery etc......... Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 10, 2007 Share Posted September 10, 2007 And then in ten years time someone coming up to you in the street and telling you had won the lottery etc......... That, if I may say so, is bull. Property has never been so overvalued and I doubt it ever will be again in our lifetimes. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted September 10, 2007 Share Posted September 10, 2007 That they have not been releasing equity from their property and wasting it on consumables? Have to agree.I don't think there is anything surprising about the fact that expensive houses are connected with low consumer spending.There is a huge wealth gap but a much narrower income gap.Those that chose to spend often suffer in the equity stakes.It is no secret that cars,designer labelsand furniture are the aspirations of the working classes where as the middle classes are as tight as anything.This is one reason why i am so much in favour of penal inheritance tax.The chavs keep the exchequer oiled with VAT,excise duty etc. while the middle classes pay very little.The chavs even love to pay voluntary taxation on lottery tickets. Quote Link to comment Share on other sites More sharing options...
HenryWeston Posted September 10, 2007 Share Posted September 10, 2007 just been looking on the web at houses for sale near my parents - one thing stands out amongst them all - houses with ludicrous asking prices but crap furniture inside and crap cars outsidemake of it what you will but we know the answer really, don't we? Most of these houses would have been bought by average working people years ago, not really their fault that it 'worth' so much now. Quote Link to comment Share on other sites More sharing options...
Monopoly Posted September 10, 2007 Share Posted September 10, 2007 I know what you mean...I had the oddest feeling going around in council houses for sale at ridicules asking prices with the original ex tenants still living in the house. Me..mid forty and a hubby with a degree and 60k a year...it was very unreal..and somehow not right. Quote Link to comment Share on other sites More sharing options...
Henrik Posted September 10, 2007 Share Posted September 10, 2007 It is no secret that cars,designer labelsand furniture are the aspirations of the working classes where as the middle classes are as tight as anything.This is one reason why i am so much in favour of penal inheritance tax.The chavs keep the exchequer oiled with VAT,excise duty etc. while the middle classes pay very little.The chavs even love to pay voluntary taxation on lottery tickets. Come on crashmonitor, that's a bit unfair. Just because someone has an interest in fast cars doesn't make them a chav. Quote Link to comment Share on other sites More sharing options...
AvidFan Posted September 10, 2007 Share Posted September 10, 2007 I can remember when we were cash rich, time poor. Now we are asset rich and both cash and time poor, where will our "wealth" go next? Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 10, 2007 Share Posted September 10, 2007 I can remember when we were cash rich, time poor.Now we are asset rich and both cash and time poor, where will our "wealth" go next? "In the days when we had nothing we had fun. " Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted September 10, 2007 Share Posted September 10, 2007 "In the days when we had nothing we had fun. " That's my current life experiment....cash rich,time rich but got nothing. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted September 10, 2007 Share Posted September 10, 2007 Come on crashmonitor, that's a bit unfair. Just because someone has an interest in fast cars doesn't make them a chav. Unless they have blue lighting under the car. Quote Link to comment Share on other sites More sharing options...
AvidFan Posted September 10, 2007 Share Posted September 10, 2007 I can remember when we were cash rich, time poor.Now we are asset rich and both cash and time poor, where will our "wealth" go next? The response I was looking for was "China" (Boom-Tish). How vein is it to supply the punch line to your own set-up post? Well, if the comedians aren't around... Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 10, 2007 Share Posted September 10, 2007 (edited) The response I was looking for was "China" (Boom-Tish).How vein is it to supply the punch line to your own set-up post? Well, if the comedians aren't around... Wasn't that a Cyndi Lauper song? "There's a hole in my account that goes all the way to China..." Edited September 10, 2007 by thecrashingisles Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 10, 2007 Share Posted September 10, 2007 I have an 11yr old BMW and a 5 year old Focus on my drive. Worth maybe £5k between them. I have a more expensive watch than that. You'd be mad to ever try to judge anyones wealth by their wheels. In fact the inverse usually applies. The chap in the dented and rusting Subaru with the mouldy tweed jacket on the back seat probably owns half the county in my experience. ANDY ps the 'nice' car is in the garage and out of sight. Agreed. People with money tend not to spend it. Thats often how thery got it in the first place. Why have a nice car anyway? Not many people can say they want a nice car for themselves, they want it to show off. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 10, 2007 Share Posted September 10, 2007 Come on crashmonitor, that's a bit unfair. Just because someone has an interest in fast cars doesn't make them a chav. ..... no but it does give them a few points on the "Are you a chav?" test. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 10, 2007 Share Posted September 10, 2007 ..... no but it does give them a few points on the "Are you a chav?" test. Not as many points as having a slow car with a big spoiler that's tuned to sound like a lawnmower. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 10, 2007 Share Posted September 10, 2007 Not as many points as having a slow car with a big spoiler that's tuned to sound like a lawnmower. ... or an Nike tracksuit..... Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 10, 2007 Share Posted September 10, 2007 ... or an Nike tracksuit..... Which brings me to anther question.... nike tracksuit,,,,, asset or liability? Quote Link to comment Share on other sites More sharing options...
dogbox Posted September 10, 2007 Share Posted September 10, 2007 It is no secret that cars,designer labelsand furniture are the aspirations of the working classes where as the middle classes are as tight as anything. Yes, I notice this all the time. My Doctor drives a P reg Ford Granada (not Granada - it's replacement, cant think of name - ugliest car ever) which is typical of the folk in my predominately middle class area. I earn over £140k, yet feel I can only afford a modest 2004 Audi A3 and wife a 2002 A6. I just don't know how people can afford flash cars, where am I going wrong? Quote Link to comment Share on other sites More sharing options...
sdc395 Posted September 10, 2007 Share Posted September 10, 2007 I earn over £140k, yet feel I can only afford a modest 2004 Audi A3 and wife a 2002 A6. I just don't know how people can afford flash cars, where am I going wrong? You're tight. Learn to worry less and spend more. Buy me a new car. Quote Link to comment Share on other sites More sharing options...
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