The Credit Crunch

[Don Rogers Shop]

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

[Luci]

Petrol mainly to be honest.

[Batch]

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

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.

[Don Rogers Shop]

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

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.

[Dazzza]

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.

[Sussex]

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

[Sippo]

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!

[Bushey Boy]

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

[Sippo]

Its cos you're rich ash  

Us middle class folk are struggling.

[Bushey Boy]

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

[DMR]

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.

[oxford_fan]

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.

[ron dodgers]

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

[STFCBird]

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  

[dell boy]

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.