Credit Crunch - UK.

Well as many people have noticed, parents,friends ect. Have been hit with a major money problem. In the United Kingdom this has been 100% totally up to house prices rising and rising untill they wern't being brought then banks/investment companies started going bankrupt ect ect.
When do you think this crisis will stop? Or do you think there is a long time to go on from it yet? Personally i think were fucked, i think its down to OUR country being poor. People think, why cant we just print money like we make paper, but if we did that money would be "worthless". Well let me have your ideas and thoughts on this situation.

Any spam, stupid replies will be reported accordingly.

 

Well as long as your parents have good job security and are in a traditional 30 year mortgage, I don't see how you can go wrong.

 

You can easily go wrong, the "good" job your parents have, the company could get liqudated or go bankrupted.
then your fucked. My dad owned a good building company he got lots of money stolen by a french company now were having quite a few money problems we have to rent instead of buying a house now.

 

Its a vicious circle in all honesty. The cause of this recession is the greed of certain banks and rich investors who manipulated the market to make them profit. I recently watched a program on it and it seems that it is mainly the fault of greedy people. I do not think that we are going to be rid of it any time soon because the people who caused the problem are still doing what created the problem in the first instance.

 

Thankfully, my parents won't be made redundant/get wage cuts, as they both work in education.

 

i lost my job because of this!!!!

 

Im annoyed that the Credit Crunch has occured the year im leaving school. I leave school around June/July time and i will need to look for a job whilst im at College and ive got a feeling im going to struggle. Why couldnt it of happened like 2 years ago or 2 years later? Pfft, just my luck to be honest.

 

The credit crunch is down to one thing-greed.

 

i cant say anything's changed were i live. my dad's a rich douche who is already retired. though i live with my mum whos a teacher. so her job is pretty secure.

 

The reason the UK is like this now is because of greedy people. People see something eg HD TV, 360, Car ect ect, when they see these things the people want them there and then. They have no concept of saving up for something. The banks have been lending money to people who cant pay it back. My view is that ANYONE who has spent money that effectively aint theirs has some blame for the state the UK and most of the world is in.

 

Said it before me.

 

Let us hope it does not mess up people to much. I know its pretty bad everywhere lately but we will get out eventualy.

 

Examine this picture carefully.

Eventually, the economy will recover, it's just a matter of time.

 

How about the fact that things like food have gone up over 100% in the last 10 years? That means hardship for many people. Also if people feel like they cant spend money in shops then shopkeepers go out of business.

 

i think that the creidit crunch will just get worst before it gets any better but will defnety go in time