Cost of living squeeze in 2022
Discussion
number2 said:
b
hstewie said:

Throttlebody said:
The Govt is now deleveraging after years of debt fuelled growth and consumerism.
The slow burn of reality is gathering pace after years of feeding on the illusion of feeling richer through cheap finance and asset acquisitions.
People that have nice properties, nice cars but own nothing. The illusion of wealth is slowly unwinding. The duration of this correction process hasn’t registered yet, many hope it’s going to be short lived. Wrong, gotta get with the new program.
Tasteless gloating aside what does that even mean?The slow burn of reality is gathering pace after years of feeding on the illusion of feeling richer through cheap finance and asset acquisitions.
People that have nice properties, nice cars but own nothing. The illusion of wealth is slowly unwinding. The duration of this correction process hasn’t registered yet, many hope it’s going to be short lived. Wrong, gotta get with the new program.
Everybody watching it slowly roll out but preferring not to acknowledge the implications. The price of Weetabix is much more comforting.
Throttlebody said:
number2 said:
b
hstewie said:

Throttlebody said:
The Govt is now deleveraging after years of debt fuelled growth and consumerism.
The slow burn of reality is gathering pace after years of feeding on the illusion of feeling richer through cheap finance and asset acquisitions.
People that have nice properties, nice cars but own nothing. The illusion of wealth is slowly unwinding. The duration of this correction process hasn’t registered yet, many hope it’s going to be short lived. Wrong, gotta get with the new program.
Tasteless gloating aside what does that even mean?The slow burn of reality is gathering pace after years of feeding on the illusion of feeling richer through cheap finance and asset acquisitions.
People that have nice properties, nice cars but own nothing. The illusion of wealth is slowly unwinding. The duration of this correction process hasn’t registered yet, many hope it’s going to be short lived. Wrong, gotta get with the new program.
Everybody watching it slowly roll out but preferring not to acknowledge the implications. The price of Weetabix is much more comforting.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.

tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.

And you can't point to a single example where your assertions have come about.
Dunning-Kruger is strong in you.
Sway said:
tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.

And you can't point to a single example where your assertions have come about.
Dunning-Kruger is strong in you.
tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.


survivalist said:
tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.


Square Leg said:
survivalist said:
tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.


Sure, some younger folk will at home for longer than they had wanted / planned.
Fundamental issue is a lack of homes in area where there are decent jobs and rocketing inflation rates that mean property investment is still a better option than a savings account.
survivalist said:
Square Leg said:
survivalist said:
tannhauser said:
survivalist said:
Define huge.
In reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.
BullsIn reality this will hit those who have high levels debt and large mortgages. It’s not nearly as many people as some think, as at least a 3rd of UK homes are owned outright. Another 3rd can easily ride out increased interest rates. The vast majority of the remaining third will sit tight and ride our the pain.
Sadly the harder the crash, the more unobtainable property ownership will become for those without large amounts of capital. Banks will withdraw low deposit mortgages and favour investors (who are happy to pay higher interest rates because their tenants are paying the mortgage .
Those with significant capital to invest will do well if we enter recession, just as they have every other time.
The misguided think that a drop in property values will benefit the lower earners, in reality it widens the wealth gap and rewards those with capital.


Sure, some younger folk will at home for longer than they had wanted / planned.
Fundamental issue is a lack of homes in area where there are decent jobs and rocketing inflation rates that mean property investment is still a better option than a savings account.
survivalist said:
Plenty of options. Lower rents for those who have been invested for a while, government support for those who are unable to meet their commitments.
Sure, some younger folk will at home for longer than they had wanted / planned.
Fundamental issue is a lack of homes in area where there are decent jobs and rocketing inflation rates that mean property investment is still a better option than a savings account.
And where does the money from this government support come from? How is this ethical?Sure, some younger folk will at home for longer than they had wanted / planned.
Fundamental issue is a lack of homes in area where there are decent jobs and rocketing inflation rates that mean property investment is still a better option than a savings account.
And oh yeah, let's f

I really do hope all you rentier types lose your shirts.
loafer123 said:
tannhauser said:
I'd say where we are now is pretty much unprecedented.
As ever, you are hopecasting.Throttlebody said:
loafer123 said:
tannhauser said:
I'd say where we are now is pretty much unprecedented.
As ever, you are hopecasting.tannhauser said:
Throttlebody said:
loafer123 said:
tannhauser said:
I'd say where we are now is pretty much unprecedented.
As ever, you are hopecasting.Of course, whilst you claim to want to punish the 'rentier types' - you completely ignore the majority who aren't, are mortgaged owner occupiers and for which what you're 'looking for' will cause a lot of pain.
It'll cause even more pain for those without a secure and high enough income to have gotten on the ladder.
Including yourself, with your 'assets' being eroded fast, and lending being tightened...
You really are obnoxious. Wishing harm on millions in order (in theory) to hurt tens of thousands that you despise.
Sway said:
tannhauser said:
Throttlebody said:
loafer123 said:
tannhauser said:
I'd say where we are now is pretty much unprecedented.
As ever, you are hopecasting.Of course, whilst you claim to want to punish the 'rentier types' - you completely ignore the majority who aren't, are mortgaged owner occupiers and for which what you're 'looking for' will cause a lot of pain.
It'll cause even more pain for those without a secure and high enough income to have gotten on the ladder.
Including yourself, with your 'assets' being eroded fast, and lending being tightened...
You really are obnoxious. Wishing harm on millions in order (in theory) to hurt tens of thousands that you despise.
Edited by Deep Thought on Saturday 14th May 22:44
Deep Thought said:
Sway said:
tannhauser said:
Throttlebody said:
loafer123 said:
tannhauser said:
I'd say where we are now is pretty much unprecedented.
As ever, you are hopecasting.Of course, whilst you claim to want to punish the 'rentier types' - you completely ignore the majority who aren't, are mortgaged owner occupiers and for which what you're 'looking for' will cause a lot of pain.
It'll cause even more pain for those without a secure and high enough income to have gotten on the ladder.
Including yourself, with your 'assets' being eroded fast, and lending being tightened...
You really are obnoxious. Wishing harm on millions in order (in theory) to hurt tens of thousands that you despise.
Edited by Deep Thought on Saturday 14th May 22:44

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