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Author Topic: The Credit Crunch  (Read 3926 times)
Lumps

« Reply #45 on: Friday, May 9, 2008, 14:39:09 »

Thank fuck we got a 5 year fixed rate about 14 months ago when we nearly quadroupled that size of our mortgage to buy the new place.

And thank christ the Mrs has got two promotions and earns about 10k more now than she did when we took the thing out. Then budget would have been a bit tight without that and we'd have been living a bit hand to mouth.

Mind you we still didn't borrow anything like what the BS was prepared to lend back than. Fuck knows how people afford to eat if they go up to the limits.
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Arriba

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« Reply #46 on: Friday, May 9, 2008, 15:43:53 »

my reduced rate mortgage is up in september which has me a bit concerned.
and why does petrol rise week by week?  
the bloody government aint having weekly budgets!
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Sussex

« Reply #47 on: Friday, May 9, 2008, 16:01:57 »

Quote from: "arriba"
my reduced rate mortgage is up in september which has me a bit concerned.


Best to PM Macca if you need advice on that arriba.
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Batch
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« Reply #48 on: Friday, May 9, 2008, 16:02:56 »

Quote from: "arriba"
my reduced rate mortgage is up in september which has me a bit concerned.
and why does petrol rise week by week?  
the bloody government aint having weekly budgets!



Cost of a barrel of oil keeps going up and up. This is passed on by the petrol companies, taxed to shit by the government who then add VAT afterwards for good measure.
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Don Rogers Shop

« Reply #49 on: Friday, May 9, 2008, 16:03:41 »

Pm who Sussex
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Sussex

« Reply #50 on: Friday, May 9, 2008, 16:05:03 »

Quote from: "Don Rogers Shop"
Pm who Sussex


Some knob who owns a shop I think?  Cheesy
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Arriba

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« Reply #51 on: Friday, May 9, 2008, 16:06:45 »

Quote from: "Sussex"
Quote from: "arriba"
my reduced rate mortgage is up in september which has me a bit concerned.


Best to PM Macca if you need advice on that arriba.


yeah. i might call on his services nearer the time
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Ralphy

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« Reply #52 on: Friday, May 9, 2008, 16:28:43 »

Quote from: "Samdy Gray"
Quote from: "Ralphy"
I sometimes wonder if i'm gonna survive the next few years being single with a mortgage.


You told me your mortgage got paid off  :?


It will be when we eventually sell my dead relative's house.

Not going well though.
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strooood
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« Reply #53 on: Friday, May 9, 2008, 16:52:51 »

Quote from: "Batch"
Quote from: "arriba"
my reduced rate mortgage is up in september which has me a bit concerned.
and why does petrol rise week by week?  
the bloody government aint having weekly budgets!



Cost of a barrel of oil keeps going up and up. This is passed on by the petrol companies, taxed to shit by the government who then add VAT afterwards for good measure.


i've heard that shell and bp, the uk's two biggest petrol companies have made well over £5bn profit already this year.

there's something very wrong there.
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officially blacker than the night.
Ralphy

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« Reply #54 on: Friday, May 9, 2008, 16:54:37 »

I filled the van up today, £1.25 a litre for diesel  :shock:
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Bushey Boy

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« Reply #55 on: Friday, May 9, 2008, 16:55:51 »

£175 a week in petrol this week! My mrs best give me head for a lift to and from airport
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reeves4england

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We'll never die!




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« Reply #56 on: Friday, May 9, 2008, 17:58:51 »

The constantly increasing price of petrol has nothing, well, little to do with the government. The price of oil is rising dramatically and the oil companies are just simply taling advantage and exploiting the situation. The price of oil goes up by 5%, they increase prices by 7%. Nobody notices their scheme, as we just put it down to rising costs until the end of the year when they are paying themselves £X million bonuses.

 Sad
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Gazza's Fat Mate
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« Reply #57 on: Friday, May 9, 2008, 18:03:48 »

unlucky chumps I sold my one bed flat for 30k profit. Brought a three bed house with the profit and the new house has risen by 20% so it would take a huge crash to put me off track. Also I lucked out and re-morgated at the turn of the year just before the shit hit the fan and because I filled in the form wrong we fixed for 5 years instead of two thank fuck for that mistake woooooooooooooooooooo oh and I have a contract at work that doesn't exprie for 4 years so more wooooooooooooooooo oh and I have finally got my brown wings! brown girl in the ring tra la la la    
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Ash - "GFM Mate your like like Marmite you Love it or Hate it"
Christian Roberts " I fucking hate Marmite"
lebowski

« Reply #58 on: Friday, May 9, 2008, 18:38:22 »

The oil price is mostly to do with something called Peak Oil. Put basically, there is only a finite amount of oil available, and once oil producers reach maximum capacity (as they either have, or are about to) then available supply will be in decline, and obviously price goes up.

On top of this you've also got developing countries like China and India increasing their own demand significantly, and pushing prices up further.

But the good news is that it's nice outside.
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reeves4england

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« Reply #59 on: Friday, May 9, 2008, 19:06:17 »

http://www.debunking-economics.com/Maths/Present_for_Sraffa_files/image002.gif

Can't go wrong with one of those. The answer to every economics problem ever!!

(I wish!)
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