Credit crunch and financial troubles

[syl]

Are you feeling it? I know I am despite earning a good wage.

My house sale has fallen through (again), this time after we had exchanged contracts! I'm left paying for two houses and probably an uphill struggle with a large legal bill to recover my losses.
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Current bike: Kawasaki Z750S

[Sparks!]

Good for me at the moment, loads of overtime, not many outgoings, happy days.
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Current Toys: 06 Yamaha WR250F | Nissan 350Z GT | Tech 4 Homes

[Ichy]

Just had 2 weeks in Egypt and brought 2 new cars, looking for another bike. Ignorance is bliss.

Probably naive but I see it as artificial, just a way for the rich to make a bit more money by affecting share prices with the hype from the media boosting the general depression.
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https://www.metacafe.com/watch/1972097/how_to_behave_on_a_forum/

[panrider_uk]

A blip caused by financial types who are like sheep and can't think for themselves.

One panics, they all do.

Mark
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Current bikes: Honda ST1100 Pan European. Moto Guzzi V85 TT Travel

[Itchy]

[panrider_uk]

What other bail outs besides Northern Rock have the government paid for?

The Northern Rock bail out is effectively nationalisation so the money will come back long term and isn't a total write off.

Mark
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Current bikes: Honda ST1100 Pan European. Moto Guzzi V85 TT Travel

[Icey]

I can't say we are really feeling it or are particularly worried about it.

Yes we've noticed the rise in fuel and food, but as long as you can budget around it and work out the must haves and the wants then there is no problem.

Or maybe we are just oblivious to what's happening around us?
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Mutley - 1988 Austin Mini City - Blog
Suetonius - 1966 Series Land Rover - Blog
Uma J - 1981 Honda 'Naked' Goldwing GL1100 - Blog

[Itchy]

[Itchy]

[panrider_uk]

[panrider_uk]

Not that I believe what politicians say but GB was on Andrew Marr's programme today saying that they'd cut borrowiing from 45% to 37%

Mark
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Current bikes: Honda ST1100 Pan European. Moto Guzzi V85 TT Travel

[Polo]

I am not feeling it financially but I work for RBS so don't have great job security at present.

No option for that on the poll.


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My mum smells your fingers

[tatters]

Bit shit for me for the last few months all overtime got cut and pay reduced by £300 per month so taking home half of what l was last year plus rent and bills gone up.
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650,KZ750 Present:G650XC,C12,CRF450X,1190ADV

[ms51ves3]

Not affected me really. The only thing I spend money on is petrol.

I'm just glad house prices are falling.

[Itchy]

[panrider_uk]

Well we'll see over the next few months but I'd bet on me not paying £10000 for a loaf of bread.

Mark
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Current bikes: Honda ST1100 Pan European. Moto Guzzi V85 TT Travel

[WildGoose]

No issues, just mild annoyance at everything getting more expensive, food mainly. Wage is reasonable, working for a company whose products could be considered essential to the upper middle class so unlikely to find myself out of work.

I live a fairly meagre lifestyle, don't eat properly (read expensive fresh meat and vegetables) work is a 10 mile commute either way at 50+mpg, don't buy much consumer crap, and don't go on holiday.
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So in other words, he stopped you for being flagrantly in posession of a motorcycle in direct contravention of the Hippies, Darkies and People Whose Face I Don't Like The Look of (Police Powers) Act. 1976

[MattHirst]

Things have never been better for me financially...was in hospital for 13 weeks getting full pay so managed to save a bit short of 4k.

However the result of that was i wouldn't be able to ride a normal bike again (won't be able to change gears) and now have to learn in a 1 legged car (auto) even thoughi had over 15 lessons in a manual car before my accident
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It's all fun and games until someone gets hurt, then it's bloody hilarious!!!

[The Shaggy D.A.]

My main concern is boiled frog syndrome. Ever so slowly my income is being eaten more by basics - food, fuel, utilities, insurance etc., whilst my pleasures and savings spend is going down. At some point, all my income will be going on just living expenses, which is only a step away from not having enough for basics. Now if we were suddenly plunged into that state, (instead of the temperature slowly being raised) we'd be up in arms. If we were allowed arms, that is - we'd just have to make do with pitchforks and flaming torches now.

At what point will the average Joe notice, and do something about it?

Reading recently about the Great Depression, I came across the symptoms of an economic crash:-

[panrider_uk]

To some extent the current crisis is a good thing in that it will hopefully make people think more about getting everything on credit.

Mark
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Current bikes: Honda ST1100 Pan European. Moto Guzzi V85 TT Travel

[Kwaks]

Not bad for me, started a new job earning 50% more than I did last year. Work away 6 months a year so have no living expenses during that time.

Only annoying thing is cigarettes are £2.80 a packet here and were only £2.30 on my last rig

Do have to buy a bigger house due to the arrival of twins, but I think I'll change my current one to a buy to let mortgage until the climate improves to sell it.
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Fallen Angel "Nae sniffing my seat now!!!!! "
www.cliqueycuntsmcc.co.uk
I AM NOT A FAST RIDER!!!!!!!!!

[Tristan.]

[instigator]

Not affecting me as such but I am selling my bike as a precaution so I can get out of my 5 year old overdraft and finally have a positive bank balance. I'm sure RBOS will send me a letter soon demanding that I get it sorted. Quite right too really.

I'll "maybe" buy another bike. Or maybe just put aside £500 a month for emmigrating in 2010.

[Al]

Its not had a massive effect on me personally.

My old landlord did put the rent up but we were moving anyway, so didn't feel the effect of that.

My only real worry is losing my job, at the moment we're busier then ever and already booked up for the first couple of month of next year.
A couple of biggish local companies have already gone bust or cut right back, which in a way has sent some work in our direction.
I'm only really worried as it's a small company and I'm only an apprentice so if the work did dry up it would be a case of last in first out for me.

I'm a low earner but I seem to manage to control my money fairly well, I don't own anything that great or expensive but I still have enough money to do most things that I want, things would have to get a lot worse to cause me any real problems, for me its worth not having a flash car or bike and the latest must have items, just to have that financial safety

So many things are classed as essentials these days which is why a lot of people have got themselves in so much debt.
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[Sparks!]