Will Coronavirus hit used car prices?
Discussion
Lord Marylebone said:
growlerowl said:
I deliberately chose a sector that will be one of the last to go under and deliberately lived a modest lifestyle for a decade and a half because I always suspected this economy was a debt-fuelled house of cards. Being sensible/boring has put me in a very strong position to exploit falling asset values now and should the opportunity present itself I fully intend to fill my boots, and won't feel a shred of guilt for doing so.
You should actually be grateful for sensible folk because pretty soon we'll be the only ones still able to spend money and thereby keep the economy on life support whilst all the feckless YOLO clowns are forced to miserably deleverage themselves.
You sound like me.You should actually be grateful for sensible folk because pretty soon we'll be the only ones still able to spend money and thereby keep the economy on life support whilst all the feckless YOLO clowns are forced to miserably deleverage themselves.
Me and my wife have been saving hard for 5-10 years now. We are in our late 30’s.
Our mortgages are paid off, our newish daily drivers are paid for, we don’t owe anyone a penny, our monthly bills are tiny, and have significant savings.
I sold my business and all my classic Porsches 1-2 years ago while things were going good, because quite frankly I was frightened of what would happen economically after Brexit. I was convinced it would be a disaster, and decided to sell things before it happened.
My wife has a good senior job in a sturdy industry, and I too moved myself into a sector that seems constantly required (housing/government), still self employed but with zero overheads apart from my laptop.
We could have been living the high life and ‘spending it like water’ for the last 10 years, like everyone else seems to have been doing, and have a massive mortgage, and a pair of financed full fat Range Rovers on the drive.
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
I absolutely do not want to see anyone out of work, or the economy damaged whatsoever, because of this nightmare, but if that happens, like Growlerowl I will absolutely be helping myself to a couple of repossessed homes to rent out and a Ferrari that someone cannot shift but desperately needs to sell.
I agree with all you say.
Cue those who love being outraged.
Lord Marylebone said:
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
Christ. Bet you're fun at parties. Not that you ever go to any...Lord Marylebone said:
You sound like me.
Me and my wife have been saving hard for 5-10 years now. We are in our late 30’s.
Our mortgages are paid off, our newish daily drivers are paid for, we don’t owe anyone a penny, our monthly bills are tiny, and have significant savings.
I sold my business and all my classic Porsches 1-2 years ago while things were going good, because quite frankly I was frightened of what would happen economically after Brexit. I was convinced it would be a disaster, and decided to sell things before it happened.
My wife has a good senior job in a sturdy industry, and I too moved myself into a sector that seems constantly required (housing/government), still self employed but with zero overheads apart from my laptop.
We could have been living the high life and ‘spending it like water’ for the last 10 years, like everyone else seems to have been doing, and have a massive mortgage, and a pair of financed full fat Range Rovers on the drive.
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
I absolutely do not want to see anyone out of work, or the economy damaged whatsoever, because of this nightmare, but if that happens, like Growlerowl I will absolutely be helping myself to a couple of repossessed homes to rent out and a Ferrari that someone cannot shift but desperately needs to sell.
I think many have been very prudent since 2008. Me and my wife have been saving hard for 5-10 years now. We are in our late 30’s.
Our mortgages are paid off, our newish daily drivers are paid for, we don’t owe anyone a penny, our monthly bills are tiny, and have significant savings.
I sold my business and all my classic Porsches 1-2 years ago while things were going good, because quite frankly I was frightened of what would happen economically after Brexit. I was convinced it would be a disaster, and decided to sell things before it happened.
My wife has a good senior job in a sturdy industry, and I too moved myself into a sector that seems constantly required (housing/government), still self employed but with zero overheads apart from my laptop.
We could have been living the high life and ‘spending it like water’ for the last 10 years, like everyone else seems to have been doing, and have a massive mortgage, and a pair of financed full fat Range Rovers on the drive.
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
I absolutely do not want to see anyone out of work, or the economy damaged whatsoever, because of this nightmare, but if that happens, like Growlerowl I will absolutely be helping myself to a couple of repossessed homes to rent out and a Ferrari that someone cannot shift but desperately needs to sell.
I ended up with over £200k of debt after 2008, from riding out a downturn in business, to closing one of mine.
Feel lucky to not have debt now.
But I won't be feeling smug seeing the world collapse around me. Because I know full well that could be the end of this life as we all know it.
Still interested to know what sector he is in.
I think after this I might well go and find something in the public sector. Everyone I know there seems to be oblivious to what is going on. That must be so nice.
Touring442 said:
jsf said:
Touring442 said:
More the kind of entitlement that's been bred into folk over the past 20 odd years.
I guess they are about to be re-educated.
gizlaroc said:
I think after this I might well go and find something in the public sector. Everyone I know there seems to be oblivious to what is going on. That must be so nice.
Dont think for one minute that those jobsworths riding the public sector gravy train won't be the first to be laid off when the s
t hits the fan.av185 said:
gizlaroc said:
I think after this I might well go and find something in the public sector. Everyone I know there seems to be oblivious to what is going on. That must be so nice.
Dont think for one minute that those jobsworths riding the public sector gravy train won't be the first to be laid off when the st hits the fan.I just think being in that bubble where you don't realise must be lovely.
:av185 said:
Dont think for one minute that those jobsworths riding the public sector gravy train won't be the first to be laid off when the st hits the fan.
Working in the NHS is the golden ticket, gold plated pension, 6 month full pay sick leave and good pay if you work through the grades.t hits the fan.It's going to be s
t for the front line staff for a while, but as a career with stable income and long term benefits it's hard to beat.Lord Marylebone said:
You sound like me.
Me and my wife have been saving hard for 5-10 years now. We are in our late 30’s.
Our mortgages are paid off, our newish daily drivers are paid for, we don’t owe anyone a penny, our monthly bills are tiny, and have significant savings.
I sold my business and all my classic Porsches 1-2 years ago while things were going good, because quite frankly I was frightened of what would happen economically after Brexit. I was convinced it would be a disaster, and decided to sell things before it happened.
My wife has a good senior job in a sturdy industry, and I too moved myself into a sector that seems constantly required (housing/government), still self employed but with zero overheads apart from my laptop.
We could have been living the high life and ‘spending it like water’ for the last 10 years, like everyone else seems to have been doing, and have a massive mortgage, and a pair of financed full fat Range Rovers on the drive.
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
I absolutely do not want to see anyone out of work, or the economy damaged whatsoever, because of this nightmare, but if that happens, like Growlerowl I will absolutely be helping myself to a couple of repossessed homes to rent out and a Ferrari that someone cannot shift but desperately needs to sell.
Fabulous!Me and my wife have been saving hard for 5-10 years now. We are in our late 30’s.
Our mortgages are paid off, our newish daily drivers are paid for, we don’t owe anyone a penny, our monthly bills are tiny, and have significant savings.
I sold my business and all my classic Porsches 1-2 years ago while things were going good, because quite frankly I was frightened of what would happen economically after Brexit. I was convinced it would be a disaster, and decided to sell things before it happened.
My wife has a good senior job in a sturdy industry, and I too moved myself into a sector that seems constantly required (housing/government), still self employed but with zero overheads apart from my laptop.
We could have been living the high life and ‘spending it like water’ for the last 10 years, like everyone else seems to have been doing, and have a massive mortgage, and a pair of financed full fat Range Rovers on the drive.
But we railed against all that, convinced it was not a financially prudent way to behave. We could sometimes run though the ‘what if something happened and we were both out of work’ scenario in our heads.
I absolutely do not want to see anyone out of work, or the economy damaged whatsoever, because of this nightmare, but if that happens, like Growlerowl I will absolutely be helping myself to a couple of repossessed homes to rent out and a Ferrari that someone cannot shift but desperately needs to sell.
Nothing says prudence like selling your business, off-loading you classic Porsches and your wife in a senior position.
Congratulations for doing well in life but please be under no doubt, those out there who have sensible 'debt' are in a sudden position of losing their job are not to be mocked or judged for not selling a classic car when prices were high.
growlerowl said:
gizlaroc said:
I just find it a bit worrying that those goading the demise of everyone else seem be completely oblivious that this could bring them down too.
The knock on effects could well take us all out.
I deliberately chose a sector that will be one of the last to go under and deliberately lived a modest lifestyle for a decade and a half because I always suspected this economy was a debt-fuelled house of cards. Being sensible/boring has put me in a very strong position to exploit falling asset values now and should the opportunity present itself I fully intend to fill my boots, and won't feel a shred of guilt for doing so.The knock on effects could well take us all out.
You should actually be grateful for sensible folk because pretty soon we'll be the only ones still able to spend money and thereby keep the economy on life support whilst all the feckless YOLO clowns are forced to miserably deleverage themselves.
G_Morto said:
I work in the public sector and in my civil service department there's zero chance of being let go. Our yearly pay rise is actually going ahead as scheduled next month
See, this is what I am talking about. While the country could be seeing millions out of work and tax hikes like we have never witnessed before, the civil service are giving pay rises.
Wonderful. Truly wonderful.
gizlaroc said:
See, this is what I am talking about.
While the country could be seeing millions out of work and tax hikes like we have never witnessed before, the civil service are giving pay rises.
Wonderful. Truly wonderful.
I know right. It's also wonderful to see even the staunchest of tories putting their hands out to the Government.While the country could be seeing millions out of work and tax hikes like we have never witnessed before, the civil service are giving pay rises.
Wonderful. Truly wonderful.
Socialism saving the day.
growlerowl said:
I deliberately chose a sector that will be one of the last to go under and deliberately lived a modest lifestyle for a decade and a half because I always suspected this economy was a debt-fuelled house of cards. Being sensible/boring has put me in a very strong position to exploit falling asset values now and should the opportunity present itself I fully intend to fill my boots, and won't feel a shred of guilt for doing so.
You should actually be grateful for sensible folk because pretty soon we'll be the only ones still able to spend money and thereby keep the economy on life support whilst all the feckless YOLO clowns are forced to miserably deleverage themselves.
What made you sign up to PH today?You should actually be grateful for sensible folk because pretty soon we'll be the only ones still able to spend money and thereby keep the economy on life support whilst all the feckless YOLO clowns are forced to miserably deleverage themselves.
gizlaroc said:
G_Morto said:
I work in the public sector and in my civil service department there's zero chance of being let go. Our yearly pay rise is actually going ahead as scheduled next month
See, this is what I am talking about. While the country could be seeing millions out of work and tax hikes like we have never witnessed before, the civil service are giving pay rises.
Wonderful. Truly wonderful.
Plus there are civil servants doing fairly important roles right now like sorting out issues for the NHS, the Military etc
G_Morto said:
I work in the public sector and in my civil service department there's zero chance of being let go. Our yearly pay rise is actually going ahead as scheduled next month
Ha haha ha roflpmsl. Youre completely deluded!
This is going to affect every person on this planet.
With the world going into financial meltdown you'll be the same as every other unemployed person.
Pay rise?? Wake up ffs, you obviously don't realise hard currency will be worth Jack..
Gassing Station | General Gassing | Top of Page | What's New | My Stuff