Will Coronavirus hit used car prices?
Discussion
A1VDY said:
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..
Put your tin foil back on you fool.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..
Unless you'd like to elaborate on your theory about every person on the planet being unemployed hahaha
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.
In any case, how much do you value for own home now let alone in 12 months time?
How much would you pay for those two repo houses and that Ferrari someone's so desperate to sell?
Both you and your wife will be out of work, your house and any lifestyle assets you have will be worth f
k all, no one will be able to afford your two renters and as for the Ferrari, t won't be worth buying at any price. Never mind any savings, it'll be food, household basics, fruit/veg /meat ect which will be the new currency. You'll be waking up to the new world very very soon..
A1VDY said:
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..
I was wondering what was the basis for that hugely negative view, then i saw your occupation - "Owner driver, european haulage. FH16/700. Car dealer UK." 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..
Bad combination there for the current climate....
gizlaroc said:
What department do you work for?
Is it genuinely never going to be effected by what is going on?
Won't say what department but it's working directly for the government and as such many of the posts are considered "key". Is it genuinely never going to be effected by what is going on?
Tbh I was surprised when they said the pay award was still going ahead as scheduled.
A1VDY said:
Both you and your wife will be out of work, your house and any lifestyle assets you have will be worth fk all, no one will be able to afford your two renters and as for the Ferrari, t won't be worth buying at any price. Never mind any savings, it'll be food, household basics, fruit/veg /meat ect which will be the new currency.
k all, no one will be able to afford your two renters and as for the Ferrari, t won't be worth buying at any price. Never mind any savings, it'll be food, household basics, fruit/veg /meat ect which will be the new currency. 
A1VDY said:
I've absolutely no debt but the last thing I'd be thinking about is cashing in on other folks misfortune!
In any case, how much do you value for own home now let alone in 12 months time?
How much would you pay for those two repo houses and that Ferrari someone's so desperate to sell?
Both you and your wife will be out of work, your house and any lifestyle assets you have will be worth fk all, no one will be able to afford your two renters and as for the Ferrari, t won't be worth buying at any price. Never mind any savings, it'll be food, household basics, fruit/veg /meat ect which will be the new currency.
You'll be waking up to the new world very very soon..
I'm a doctor. So is my wife.In any case, how much do you value for own home now let alone in 12 months time?
How much would you pay for those two repo houses and that Ferrari someone's so desperate to sell?
Both you and your wife will be out of work, your house and any lifestyle assets you have will be worth f
k all, no one will be able to afford your two renters and as for the Ferrari, t won't be worth buying at any price. Never mind any savings, it'll be food, household basics, fruit/veg /meat ect which will be the new currency. You'll be waking up to the new world very very soon..
Thanks in advance for all the cheap stuff guys, appreciate it.
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.
jsf said:
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.
It's going to be st for the front line staff for a while, but as a career with stable income and long term benefits it's hard to beat.
I’m a teacher and am on a decent salary and used to look with envy at others with higher wages, however I am very grateful for the security my job provides. I genuinely don’t think I would be able to deal with the uncertainty of losing my job or being broke, given the fact that I have two young children.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.
Rscut said:
I’m a teacher and am on a decent salary and used to look with envy at others with higher wages, however I am very grateful for the security my job provides. I genuinely don’t think I would be able to deal with the uncertainty of losing my job or being broke, given the fact that I have two young children.
Self- employment or working in the private sector pay more because in times of crisis there will not be the same safety net. Numpty with honours said:
Self- employment or working in the private sector pay more because in times of crisis there will not be the same safety net.
That hasn't been the case since 2008. Private sector pay has been poor for the majority with little in the way of pay rises and very poor protection.Gassing Station | General Gassing | Top of Page | What's New | My Stuff