Sorry to be boring but....

[Stonehead]

Most people's pensions will have an element of commercial property in their funds so the pension values begin to decline....people tighten their belts and try to save money.

I'm fortunate. Most of my pension funds no longer exist as the funds went bust, shut down or ate up the money in fees (especially when they changed hands several times) . So I no longer have anything to lose!

[red]

that makes me a lucky one too.. as have no pension....

but other financial areas will be hit.. insurance etc... and it will still cost us.

[Millymollymandy]

Well things go up and things go down, my meagre investments are fine now - finally - after 9/11 so I'll just hold on to them for longer!

All I ask is that my Mum doesn't die whilst the stock market is doing badly!

[Smooth Hound]

and now they have put the interest rates down three quarter of a percent, in order to get people to spend more money, another short term action which is destined to guarentee a recession if there wasnt already one, and i believe china and india arre in trouble too, perhaps slightly differently to us , but still, another thing, i dont believe for one split second that america will allow china and india to gain out of americas financial problems, a recession now is actually more than a recession, it is the competing between nations to stay out of the recession and let other nations take the brunt that will be the disabling element, instead of facing reality and dealing with it as people on this tread obviously recognise the need to do, and adapting to new times, they the establishment are trying to hang on to the good old days of being able to scavenge the planet for anything tey can make a profit out of, irrelevent of the fact they are ripping the ar e outof the very planet we all rely on and take for granted. after all its served them very well, now its time for them to let go of that or take us all down with them. how to stop them in time i dont know , because thery will hang on, and people being people will do nothing until it is too late, and then there will be no way of doing anything.

were doomed, as someone already sorted out, the good news is is that were all in the same boat , so well find away, just a shame the very govt that is supposed to represent us people is not, it is representing the banks and financial institutions, with the pretence that in the long run it is for us they do it.

[mrsflibble]

I know it will be crap for lots of poeple, but I'm sort of hoping there is a house price crash so we can finally get somehwhere permenant. so long as we don't get a post-world-ward-1-germany style hyperinflation situation we should all be fine.

[ina]

I know it will be crap for lots of poeple, but I'm sort of hoping there is a house price crash so we can finally get somehwhere permenant.

I'm secretly hoping that, too! Our only chance, possibly...

[hamster]

And me, slightly morbid as it sounds.

I suppose there are always winners and losers, though, aren't there...

[QuakerBear]

Me too. It feels bad as it will be the cause of allot of others' heartache, but there's no other way for us, especially as we live so close to London.

[red]

And me, slightly morbid as it sounds.

I suppose there are always winners and losers, though, aren't there...

yup

for everyone that has gone on about how much more their house is worth.. it is always at the expense of someone who lost out at a different time.

[mrsflibble]

i feel for my parents. their first house was bought when the market was in a massive low, great for them! they went on to bigger and better things after my sister came along and now their house is worth huge whapping wads of cash.... but they're struggling with the interest on the mortgage. with 3 kids still at home, huge house (incomparison with mine lol! it's probably not that big) and overheads attached to it (council tax for being in a good area, and they're elctricity hogs too),my dad's wages are really stretched. my mum only works part time but her extra income is the only thing stopping them from going totally under. they end up right at the limit of their overdraft every month.

[WiseBird]

we too are hoping for the house prices to come down. We bought our house in 1996 when the prices were at their lowest and luckily put all of our effort into paying off the mortgage.

We paid £39,950 for our terraced house with no garden, hoping that in 2 or 3 years we could save up enough money to move on but then the house prices started to rise and our dream of a house with a big garden has thwarted us ever since. If the house prices do fall then at least the gap between what we have now and what we would like to buy becomes more realistic.

Its just such a terrible shame that so many people will suffer if a recession does happen when all they have done is their best to provide for themselves and thier families futures in a world full of abject greed....

[old tree man]

I bet none of the government will struggle to pay thier mortgages with all the expencies that they can claim for makes me want to

Russ

[Annpan]

Maybe house prices at the lower end of the market will fall as people sell holiday homes and buy-to-lets maybe there will be a saturation of the market, and prices will fall.
With any luck those of us who have put our blood, sweat and tears into our homes will not loose out (not like the poor souls in the 90s)

As long as our house is still worth the amount we have left on the mortgage I don't feel like we're loosing out. A house should be a home, not just an investment.

The long term investment market is unlikely to be significantly affected - there are slow downs, crashes and recessions every 10 years or so... I honestly don't think we should all be that worried. With in a year or 2 markets will be up to the same level they were a week ago, it's just a glitch

[Smooth Hound]

And me, slightly morbid as it sounds.

I suppose there are always winners and losers, though, aren't there...

yup

for everyone that has gone on about how much more their house is worth.. it is always at the expense of someone who lost out at a different time.

i completely agree, the divide between rich and poor has got too big and its time for the gap to close,

[MikeM]

And me, slightly morbid as it sounds.

I suppose there are always winners and losers, though, aren't there...

yup

for everyone that has gone on about how much more their house is worth.. it is always at the expense of someone who lost out at a different time.

i completely agree, the divide between rich and poor has got too big and its time for the gap to close,

how tho? I'm not disagreeing with you, I just can't see how it could be done.