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Old 29-07-2024, 07:43 AM #19
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Cherie Cherie is offline
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Quote:
Originally Posted by Soldier Boy View Post
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
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