[Crimson Dynamo]

Originally Posted by Cherie

Right, but interest rates have been at historic lows for a decade until recently so swings and roundabouts?

amen to that

[user104658]

Originally Posted by Cherie

Right, but interest rates have been at historic lows for a decade until recently so swings and roundabouts?

Originally Posted by LeatherTrumpet

amen to that

Sure but "are your personal finances OK compared to 2008 crash" and "has the economy recovered from the 2008 crash" are two completely different questions.

e.g. I've also said before on here, throughout the "cost of living crisis" my personal finances and disposable income have been better than at any time in my life... but that doesn't mean there isn't a cost of living crisis.

[Crimson Dynamo]

Originally Posted by Soldier Boy

Sure but "are your personal finances OK compared to 2008 crash" and "has the economy recovered from the 2008 crash" are two completely different questions.

e.g. I've also said before on here, throughout the "cost of living crisis" my personal finances and disposable income have been better than at any time in my life... but that doesn't mean there isn't a cost of living crisis.

what about your properties havent they increased dramatically since 2008?

[user104658]

Originally Posted by LeatherTrumpet

what about your properties havent they increased dramatically since 2008?

Given that I was a 23 year old part-time cashier with a baby on the way in 2008, funnily enough I did not own property . I've only been seriously looking to buy for the last year or so.

Speaking of which...

I can say for a fact that houses are NOT still selling like they were a few years ago and prices are being dropped all over the place due to inability to sell.

It is thankfully becoming a bit of a buyer's market .

[thesheriff443]

Originally Posted by Soldier Boy

Given that I was a 23 year old part-time cashier with a baby on the way in 2008, funnily enough I did not own property . I've only been seriously looking to buy for the last year or so.

Speaking of which...

I can say for a fact that houses are NOT still selling like they were a few years ago and prices are being dropped all over the place due to inability to sell.

It is thankfully becoming a bit of a buyer's market .

There has also been a massive gap between what you can buy in Scotland and what you can buy
In the south of England

The property market down here is booming a house less than a mile away from mine gas just gone on for 4.8 million

[user104658]

Originally Posted by thesheriff443

There has also been a massive gap between what you can buy in Scotland and what you can buy
In the south of England

The property market down here is booming a house less than a mile away from mine gas just gone on for 4.8 million

Yes but there are whole areas where large portions of the property is bought up by investors (often foreign, surprising with so many Farage fans on the site that people would be happy with that) and they're either rented out for huge amounts or, increasingly, simply left sitting empty.

Genuinely, soaring property prices relative to average income/way above the rate of inflation may be a very good thing for property owners (if they ever intend to sell, otherwise it actually means nothing) but it's not a sign of a strong/stable economy.

[Redway]

Originally Posted by Soldier Boy

Given that I was a 23 year old part-time cashier with a baby on the way in 2008, funnily enough I did not own property . I've only been seriously looking to buy for the last year or so.

Speaking of which...

I can say for a fact that houses are NOT still selling like they were a few years ago and prices are being dropped all over the place due to inability to sell.

It is thankfully becoming a bit of a buyer's market .

You’ve come a long way since the part-time Poundland wages days, eh?

[Cherie]

Originally Posted by Soldier Boy

Sure but "are your personal finances OK compared to 2008 crash" and "has the economy recovered from the 2008 crash" are two completely different questions.

e.g. I've also said before on here, throughout the "cost of living crisis" my personal finances and disposable income have been better than at any time in my life... but that doesn't mean there isn't a cost of living crisis.

I don't think anyone is denying there is a cost of living crisis, but that didn't stretch from 2008 and came about due to a combination of covid and the war in Ukraine, there was a period just after 2008 were house prices fell and I know this as we bought and sold in 2008 and our buyer pulled out and we sold at a lower price but we also bought at a lower price so in the end it didnt really affect us financially and for anyone buying they were able to get on the housing ladder with lower prices and interest rates hovering around 1 per cent, the massive increase in house prices started during covid as people were scrambling to move out of big cities, so there was a period I would say from 2010 to 2020 where the economy was pretty stable

[Redway]

Originally Posted by Cherie

I don't think anyone is denying there is a cost of living crisis, but that didn't stretch from 2008 and came about due to a combination of covid and the war in Ukraine, there was a period just after 2008 were house prices fell and I know this as we bought and sold in 2008 and our buyer pulled out and we sold at a lower price but we also bought at a lower price so in the end it didnt really affect us financially and for anyone buying they were able to get on the housing ladder with lower prices and interest rates hovering around 1 per cent, the massive increase in house prices started during covid as people were scrambling to move out of big cities, so there was a period I would say from 2010 to 2020 where the economy was pretty stable

2010 economy? Stable? Are we being serious here?