Does anyone think there is a recession around the corner?

[dinny]

And the housing market is about to go tits-up?

they're all miserable gits!

2700 workers in Coventry might not agree that employment levels are high, how will they pay their mortgage next year.

secondhandrose - would love you to find me one of these magical 'many mortgages' to help me get on the ladder - trust me, they dont exsist!

Dont think it is always the mortgage that is the problem -
A huge deposit for a tiny over priced terrace house which is no bigger than a postage stamp doesnt grow on trees!

getting a mortgage is easy - mortgage companies falling over themselves to lend.

so many people have such heavy borrowings - on such over-valued property. have to say am glad to have my equity out atm.

anyone else have any thoughts on this?

I have just been made redundant-never happened before so things abit bleak.

Also too many people owe too much money on plastic

sorry to hear you've been made redundant, Notasheep. don't think I will have a job after maybe then end of the summer (vol redundancy maybe....)

yes, many people have borrowed so much. and remortgaged so often - eating up equity all the time..

Dinny, yes, but the bank of england kept interest rates the same again this month as they're scared. Morgages are high just now- but has anyone worked out what they'd be paying if they went back up to 15 and 3/4% like they were 20 yrs ago?!

I am so angry as it was a cut in funding,masses of work is still out there for me (Social Services) but dear Tony wont pay!

Luckily i sold my house within 2 weeks and in temporary rented and saving a FORTUNE

bramblina- I had a mortgage in 1996,what a nightmare it was.I couldnt afford to put petrol in my car to get to work!

hey, we sold to rent too, Notasheep (longish-term) a relief, hey?

Brambalina - dh was reposessed as a v young man in the 80s. he is delighted to not have a mortgage atm (we sold in dec)

oops i am feeling even older i meant to say 1986!

Notasheep - my dept been sold off by the BBC and think they are going to relocate pretty soon...

I had never rented until now but there is a lot of sense in it.
We were spending a fortune trying to maintain our 1850 gentlemens residence!(thats what the old deeds said)
However,my landlady has now sold the house we are renting so have to find new home and job! A little stressed ........

Dinny-where too? We have gone from Surrey to Wales!

oh, it's not out in the open yet, NAS, dunno. (meant our dept not me and dh and kids, iyswim)

we've moved from south London to Surrey (in Dec). where in Surrey were you (we're easy Surrey)

Guildford then Woking

nice...

I meant EAST not easy Surrey, lol (we're near Reigate/Redhill)

I refuse to pay £9000 stamp duty to buy another place!

Was nice being polite?!

NO!! Nice was meaning nice! Sory, just read it back and it looks really sarky, lol! Just meant it's a really nice area, one I covet! pmsl...

snap re stamp duty

Need coffee...catch up again

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