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Impending Recession
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By *sianManc OP Man
over a year ago
Manchester |
As we know there is an impending recession on its way.
How will it affect us?
How will it affect house prices and rental market?
What measures can we mere mortals make to prepare for it?
What do you all think? |
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By *mmabluTV/TS
over a year ago
upton wirral |
Well recession will happen no doubt.How will it effect us?Well different for different people no doubt the poorest will fair worst as allways.
House prices I think will fall dramatically.Rentals we need to have government rules to control this one I feel.
Wages will be frozen in many industries and in the public sector some will do very ie the NHS but some others will do badly.
I think overseas holidays will go up in price so we will holiday more in England which will be good for the economy but not for Ryanair lol.
Unemployment will be very high probably for a couple of years.
Lets beat the pandemic first then worry about that allways we will get through this because us Brits are pragmatic and stubborn.
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By (user no longer on site)
over a year ago
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"There is a recession coming" dont buy that one bit.
So dont think house prices, jobs etc will change dramatically no.
Certainly nothing you can do unless you're in the top 5% of earners? In either case |
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The rich will stay the same or get richer, and the poorest in society will stay that way and others will join them..
There won't be any massive social overhaul as even on here the deflection pill is easier for some to swallow and keep the blame game going which those in power love..
'and the needle returns to the start of the song...'
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"The rich will stay the same or get richer, and the poorest in society will stay that way and others will join them..
There won't be any massive social overhaul as even on here the deflection pill is easier for some to swallow and keep the blame game going which those in power love..
'and the needle returns to the start of the song...'
"
 |
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By (user no longer on site)
over a year ago
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"The rich will stay the same or get richer, and the poorest in society will stay that way and others will join them..
There won't be any massive social overhaul as even on here the deflection pill is easier for some to swallow and keep the blame game going which those in power love..
'and the needle returns to the start of the song...'
"
'And we all sing along like before' |
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"The rich will stay the same or get richer, and the poorest in society will stay that way and others will join them..
There won't be any massive social overhaul as even on here the deflection pill is easier for some to swallow and keep the blame game going which those in power love..
'and the needle returns to the start of the song...'
'And we all sing along like before'"
Exactly.. |
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By *estivalMan
over a year ago
borehamwood |
"Well recession will happen no doubt.How will it effect us?Well different for different people no doubt the poorest will fair worst as allways.
House prices I think will fall dramatically.Rentals we need to have government rules to control this one I feel.
Wages will be frozen in many industries and in the public sector some will do very ie the NHS but some others will do badly.
I think overseas holidays will go up in price so we will holiday more in England which will be good for the economy but not for Ryanair lol.
Unemployment will be very high probably for a couple of years.
Lets beat the pandemic first then worry about that allways we will get through this because us Brits are pragmatic and stubborn.
"
the rich wont feel it and the poor are poor no matter whats going on.if anyone is gona yake a hit it will be the middle classes i imagine.the poor dont have mortgages that have been taken out on the belief that a 50 grand a year job is a job for life and most of the jobs the poor do are still lkley to be there after all this is over.not to sure about the jobs that have been shown to not be all that important
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By *hilloutMan
over a year ago
All over the place! Northwesr, , Southwest |
Recession? Bit optimistic here aren't we?
A depression the likes we've not seen in recent memory will hit us like a sledgehammer. Absurdly high unemployment rate, crippling austerity measures are just a sample of what awaits us.
You'll likely experience a collapse of the global banking system as trillions of dollars of debt and junk bonds enabled by the casino called financial markets comes home to roost. Fiat currencies may well collapse (as they always do) and gold will again reign supreme. Governments as always, will betray the citizenry in favour of the banking cartel and corporations. The race to the bottom will be brutal and very few of us will be living better in the future than we are now.
All because most people and politicians are ignorant on how banking as we have it today works  |
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The impending recession - or the mere possibility of a depression - is what has so many wankers bleating about how it's wrong to crash the economy just to save the lives of hundreds of thousands of people they've never given a shit about.
They can't stand the idea that they may have to be disadvantaged in any tiny way, through no fault of their own.
Well, shit happens - even to them. They can suck it up, they have the means to do so.
Perhaps they'd best prepare to take the advice they always give the poor and the unemployed - and cut their cloth accordingly.
It's hard to believe they won't cope. |
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By (user no longer on site)
over a year ago
|
"Well recession will happen no doubt.How will it effect us?Well different for different people no doubt the poorest will fair worst as allways.
House prices I think will fall dramatically.Rentals we need to have government rules to control this one I feel.
Wages will be frozen in many industries and in the public sector some will do very ie the NHS but some others will do badly.
I think overseas holidays will go up in price so we will holiday more in England which will be good for the economy but not for Ryanair lol.
Unemployment will be very high probably for a couple of years.
Lets beat the pandemic first then worry about that allways we will get through this because us Brits are pragmatic and stubborn.
the rich wont feel it and the poor are poor no matter whats going on.if anyone is gona yake a hit it will be the middle classes i imagine.the poor dont have mortgages that have been taken out on the belief that a 50 grand a year job is a job for life and most of the jobs the poor do are still lkley to be there after all this is over.not to sure about the jobs that have been shown to not be all that important
"
Sure, according to you none of it matters anyway, as being rich or poor makes no difference.
No one knows how bad the recession will be. No doubt people like Rees-Mogg, will use it to their benefit.
"Market dislocations of this magnitude happen rarely, perhaps once or twice in a generation, and have historically provided excellent entry points for investors" -JRM |
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By *estivalMan
over a year ago
borehamwood |
you talk some rot mate after yesterday i pointed out its not just rich people who get opportunitys like u think it is if u prepared to rake the risk anyone can get on in life u just seem to belive only the rich get oppitunitys i dont.and no it dont matter to the rich or poor if theres a downturn the rich will be rich the poor will be poor and those in the middle will take a massive hit.i fall into the poor group so not to concerned as i havent saddled mysrlf with loads of debt.now run along and have a moan about the torys or whoever it is today who you think should follow your view of the world pal |
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By (user no longer on site)
over a year ago
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"you talk some rot mate after yesterday i pointed out its not just rich people who get opportunitys like u think it is if u prepared to rake the risk anyone can get on in life u just seem to belive only the rich get oppitunitys i dont.and no it dont matter to the rich or poor if theres a downturn the rich will be rich the poor will be poor and those in the middle will take a massive hit.i fall into the poor group so not to concerned as i havent saddled mysrlf with loads of debt.now run along and have a moan about the torys or whoever it is today who you think should follow your view of the world pal"
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
""There is a recession coming" dont buy that one bit.
So dont think house prices, jobs etc will change dramatically no.
Certainly nothing you can do unless you're in the top 5% of earners? In either case"
That’s not true, having lived through several recessions you certainly can and should take full control of your and your families situation. And btw - we are in recession now.
Increase your earning potential , there’s only so much you can save, much easier to earn 25% more with a 2nd job than save that amount . Get used to always living on 80% of what you earn. Invest in skills. Leverage cheap credit. Always care for your property or that investment becomes a cost |
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VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
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By (user no longer on site)
over a year ago
|
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
"
And lots and lots of new poor people. |
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By (user no longer on site)
over a year ago
|
"Well recession will happen no doubt.How will it effect us?Well different for different people no doubt the poorest will fair worst as allways.
House prices I think will fall dramatically.Rentals we need to have government rules to control this one I feel.
Wages will be frozen in many industries and in the public sector some will do very ie the NHS but some others will do badly.
I think overseas holidays will go up in price so we will holiday more in England which will be good for the economy but not for Ryanair lol.
Unemployment will be very high probably for a couple of years.
Lets beat the pandemic first then worry about that allways we will get through this because us Brits are pragmatic and stubborn.
"
It'll be beneficial for my children's generation if house prices do fall drastically. It won't affect me as I'm mortgage free. It may even make a better property, or a property in a more expensive area, potentially available to buy. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
"
This government won’t allow 25% VAT or double digit inflation, even I would offshore if they did and I’m not particularly rich ! Unemployment will rise a bit in some sectors and house prices might lose 5% , - 10% in the SE the country will carry more debt but interest rates and inflation will stay low |
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By (user no longer on site)
over a year ago
|
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
This government won’t allow 25% VAT or double digit inflation, even I would offshore if they did and I’m not particularly rich ! Unemployment will rise a bit in some sectors and house prices might lose 5% , - 10% in the SE the country will carry more debt but interest rates and inflation will stay low "
I thought I'd heard that there is likely to be a push for people to be buying again. Which can only be done through low inflation. What do I know? Fuck all actually, it's not my area of expertise, even on fab  |
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"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people."
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
|
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By (user no longer on site)
over a year ago
|
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people.
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
"
That sounds like globalisation. |
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By (user no longer on site)
over a year ago
|
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people.
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
"
Reach? Is this a new age word or typo? |
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By (user no longer on site)
over a year ago
|
"It will be grim. Cut all expenditure now where possible
Only if you need to as isn't that the opposite to what our economy needs? "
Exactly my thoughts
If everyone stopped spending then we really would be up shit creek. |
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By *ik MMan
over a year ago
Lancashire |
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people.
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
"
Righto |
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By (user no longer on site)
over a year ago
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"Think there will be a recession that’s as bad as there has ever been , government will count the unemployment figure differently so it does not scare people"
Count every other person should do it  |
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"Omg first we had the epidemiologists and now we welcome the economists
Swinging does get you moving in the highest of academic circles  "
You know we arenone and the same... take off the white coats and et voila! Economists  |
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"Omg first we had the epidemiologists and now we welcome the economists
Swinging does get you moving in the highest of academic circles "
Haha ha I think it will be bad though. Job losses in hospitality will be huge due to social distancing. Our taxes will rise alot to cover the furlough scheme even though tax cuts are what's needed. A lot of employees will have to take pay cuts or salary freezes, property prices will drop, cost of living will go up and interest rates cant be cut much more.
And all of this before anyone even mentions th "B" word..  |
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By *arkb73Man
over a year ago
Cheshire/Staffs |
"Omg first we had the epidemiologists and now we welcome the economists
Swinging does get you moving in the highest of academic circles "
They know the lot - and woe betide you if you have any real knowledge. |
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By *arkb73Man
over a year ago
Cheshire/Staffs |
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people.
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
"
Not more reach? There’s nothing worse than that.
I take it you’re not an economist? |
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By (user no longer on site)
over a year ago
|
"Omg first we had the epidemiologists and now we welcome the economists
Swinging does get you moving in the highest of academic circles
They know the lot - and woe betide you if you have any real knowledge. "
I've noticed.  |
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By (user no longer on site)
over a year ago
|
"VAT is going to be increased, possibly 25%.
Inflation will be double digit.
As unemployment will increase, more repossessed property will be available on the market, will be a nice investment opportunity.
This virus will create new rich people.
And lots and lots of new poor people.
Yes, people with cash will be more reach. It will be like credit crunch in 2008.
High streets will be dead, walk in shops will be replaced with online shops.
Digital money will be introduced.
Globalization will be dead.
Not more reach? There’s nothing worse than that.
I take it you’re not an economist? "
What does more reach mean? I asked on the thread earlier. |
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I live next to a lovely market town where pre Covid the High Street was thriving with Niche shops and great bars and restaurant. Sadly I don’t see some of them opening if people tighten their belts. It’s very sad as the High Street was badly affected back in 2008 and seeing the progress shattered in months is awful.
The property market could do with a plummet anyway.
I was going to buy another buy to let before this crisis happened. Think I will sit on it now and see what happens to the market.
Only one of my current tenants has been affected by a job loss so I have done what I can rent wise as a decent tenant for me is more important.
I see Gold as a way forward at the moment as my ISA’s are not worth the return. There is money to be made if you take a risk but it’s knowing where to go. |
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