OK, I am very probably REALLY going to regret this, but it is getting to me, the number of threads at the moment that seem to think if anyone earns a decent wage (over £50K) they are somehow responsible for the downfall of the economy and are greedy etc.,
It's cobblers.
The truth of the matter is the housing market has grown too far too fast and too many people have borrowed beyond their means on the back of thier houses (which now aren't worth what they thought they were)
Yes, some banks took too many risks and are paying the price but this does not mean ALL bankers are greedy, horrid people. Just like all property developers (who, by the way, have made lots of money from the property boom) aren't either.
But, some people took far too many personal risks to buy material stuff they didn't need. That makes them JUST as culpable.
The housing market needs to cool off. When ordinary good people can't buy a reasonable house, there is something wrong with the pricing strategy and, one way or another, it's going to be corrected.
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AIBU?
To be so sick of anyone who earns a 'decent' wage being demonised by those who don't?
290 replies
sickofthis · 02/12/2008 20:57
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