Thetownend.com

So is anyone feeling the pinch at the moment? I personally think the media (Daily Mail) should be ashamed of the way they have scared people over the last 10 months

Petrol mainly to be honest.

10 months, they've been scaring people for decades.

Serious answer, if the brown stuff is about to hit the fan it'll be a while before we know the extent. House repossession orders up 17% this quater though, which can't be good.

I think the brown stuff has already hit the fan Batch and think we are as low as it will go.Regarding the Repossession orders thats a bit of a wrong figure over the last 2 years we have seen a 25% increase in property purchase which will always lead to higher repo rates also alot of those repossessed are likely to be buy to let propertys.

Still good over here we haven’t seen any real shift on the property front largely due to a severe lack of anything close to affordable housing and banks still dishing out 100% mortgages while the rental market is madder than an Arab on gin.

As others have said Petrol and as a result flights and transport are the only noticeable killer at present.  Local airline went tits up today and their routes have been swallowed up by FlyBe leaving no competition to a lot of destinations.

Only just paid the second month of a two year fixed rate, so squeaky bum time is a couple of years away yet..

Diesel is too expensive. £53 to fill up when it used to be £30 odd.
Food shop has gone from £70 to over a £100 for the same amount of food.

Absolutely shocking!

In short no! In long no

Ive been doing my job for 5 years, the first four years I had two proeprties repossesed (not me) or sold each year

The last year only 1.

The cost of petrol is expensive but the taxation is more

This is mainly media led

Its cos you're rich ash  :mrgreen:

Us middle class folk are struggling.

im not sippo tho, i just work hard  :D havent you got your annual 3 months off soon?

Loads of the work I do involves national housebuilders and they're laying people off everywhere, Crest Nicholson got rid off 50 buying staff over the last 2 weeks.

I don't think it's all media driven, some industries are really taking a hammering.

Borrowing is so high most people will barely notice.

That is until their home gets repossessed:

http://news.bbc.co.uk/1/hi/business/7391772.stm

Consumption is a motherhubbard.

mmm repossessions - bargains to be had !! Now where did I put my pile of cash?

Yes, I am, trying to pay a hefty mortgage, live in 2 places at once and affording petrol is crippling me.  Along with the hefty vets bill I've still got left to pay  :(

The figure for repossessions in 2004 - 8,000
The figure for repossessions in the last year - 45,000

I would say the credit crunch is hitting pretty hard and will get a lot worse in the next 12 months.

The general day to day bills:

Fuel has gone up 20% in 8 months
Elec, Water, Gas over 20% increase in the last year
Food seems to go up every week, but over 15% in the last six months
Council Tax up 5%

For couples with high mortgages or just gettng on the property ladder or with young children, well it must be bloody hard at the moment.

I sometimes wonder if i'm gonna survive the next few years being single with a mortgage.

That'll learn you for buying fancy 1080p TVs :wink:

I intend to commit suicide and let someone else pay it all for me.

maybe you could buy a wife whilst you still have some spare cash?

Better still get the wife to take out a mortgage, and give you some spare cash!!

So true. The deal we got a couple of months ago would definately not be available now. Got in there just in time!

 :mrgreen:

If I could work 'full-time' I would but I'm not working for free.

Can't you have a car crash or something? The life insurance won't pay out for suicide.

 :shock: Hire a assassin Birdy, what nasty bloke.

Bridge, A34, done. Sorry Tans if you have to clear up the mess.

P.s it's not funny, that is how I honestly feel at the moment.

bye.

Cheer up birdy. I'm unemployable too.

You told me your mortgage got paid off  :?

I've probably lost a quarter of my disposable income over the last year despite a pay rise, just means tightening the belt tho, should be ok.

I know builders are suffering, I heard they've stopped building at Wichelstowe because they haven't got buyers.

Same as Dorcan. People can't get mortgages.

It's not just because I can't get a job, the whole thing is shit.

Life is shit Birdy

Tell me about it.

I will spare you that.

I think with the price of fuel rising rapidy that is hitting people, and then you have the people that are coming out of fixed term mortgages having to sort that out and realising how much more they will have to pay.

Then you add in that the cost of food & energy (gas / elec) has risen dramtically, you can really see some young couples struggling.

And don't forgot the 10p tax rate as well that will hit some low paid people as well.

It all seems to come at once.

I'm, lucky in a sense that myself and the mrs have ended up with half decent pay rises this year (her's through promotion) so that is going to help us out with the added cost's, but I'm sure a lot of ordinary folk will start to feel the pinch within the next 6 months.

Ohh and cheer up Birdy there's always Manchester Rd if you need to earn a few extra pounds   :soapy tit wank:  :soapy tit wank:

I'm hoping *touch wood* that my move onto the property ladder was timed pretty well.

I got my fixed rate just before they went sky high, I've had a few payrises since which has bascially meant my pay's just kept up with the high increases in fuel and food bills and now my fixed rate is up next March when the mortgage market should have settled down again. Looking around currently, I'd still be able to get a similar deal to what I'm on now (about £10 a month extra).

Here you go. Have a picture of Jesus with no neck that I drew a long time ago.

http://i32.photobucket.com/albums/d35/flammableben/jesus.jpg

His legs are also a bit odd.

Cheer you up?

Yes thanks FB.  It looks like sussex with his swollen ankles

Are you going to crucify sussex?

Yes if I ever get to see him again

Make sure he's had a recent Tetanus jab if you're going to be nailing him to anything.

interesting bit of maths on the left, i'd move you have one pi too many on the bottom there

Im in debt well above my head,I can just about sevice it at the moment but cant really afford to eat or have any fun.I try to ignore it though.

Picture of Fred

http://i109.photobucket.com/albums/n70/FredElliot_2006/ostrich_head_in_ground_full.jpg

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.

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!

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

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.

Pm who Sussex

Some knob who owns a shop I think?  :D

yeah. i might call on his services nearer the time

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

Not going well though.

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.

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

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

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.

 :(

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  :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:

The oil price is mostly to do with something called Peak Oil (http://en.wikipedia.org/wiki/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.

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!)

But you still live in Milton Keynes, cant win them all I guess.  Dont forget the corsa with 'Princess' in the back window

I'm really worried. The price of the Daily Mail has gone up 10p in the last 3 years!