How has the "credit crunch" affected you?

[Ry_B]

For me (20 yr old living at home with parents) it's meant two things, cheap petrol and how anything even remotely sporty has halved in value, and anything with a diesel engine has doubled, lucky me come upgrade time in Feb So at the moment..it's all good, wonder how secure my job is...

Edited by Ry_B on Monday 10th November 18:45

[Targarama]

Enjoy it while you can.

In 10 years time when you have a mortgage, and maybe a wife and kidlets to support you will have a different view.

[credit crunch]

I posted the exact question a few weeks ago. If you do a quick search you'll see it's affected lots of us!!

Martin

[Matthew_Eames]

In exactly the same boat as you
Nice low mileage 306 HDi being traded for a E46 330ci sometime next Spring, should be an easy trade up , and house prices are dropping which is also good news as far as I am concerned

Doesnt really bother me as I have no debt (well £9k student loan, but that doesnt really count)

[RDE]

It meant that I felt like Bill Murray in Groundhog Day every time I put on the news in the morning. Other than that not much. I realise i'm lucky to not have a mortgage or family to worry about though.

[13th]

Right now I know people losing their jobs and there by their homes are at risk but glad it's working for you.

[OllieC]

im looking foward to actually being able to buy my own house, sometime next year i think i will take the plunge.

[anonymous-user]

Erm, lets see

Work could be drying up, meaning a three day week

At least now it only costs me £35 to get to work in petrol each week

Food is going up in price, whilst wages are going down,down,down,dooby doo down down down

Beer is going up

[Johnnytheboy]

I've always tried to avoid being unnecessarily in debt. Other than a mortgage I have no debts, and all my spare money has gone in to paying down a mortgage that could have been a lot bigger if I hadn't been very conservative on the size of.

Consequently it's not affecting me a lot.

[Ry_B]

13th said:

Right now I know people losing their jobs and there by their homes are at risk but glad it's working for you.

"At the moment"

My job may well be at risk soon (work for a bank) and my parents also have a mortgage

[Maxf]

Work is becoming depressing as I am constantly the bearer of bad news. Very bad news in some cases.

At least I have a job though, even if it does feel like my soul is being slowly sucked out.

[13th]

Then why the smug post?

It's going to hit alot of people and I feel for them.

[WhoseGeneration]

Hmm, some here might like to think about future tax.
No free lunch.
Examine our Leader's proposals.
Then, consider the ultimate cost.
And who will pay.

[anonymous-user]

Ry_B said:

For me (20 yr old living at home with parents) it's meant two things, cheap petrol and how anything even remotely sporty has halved in value, and anything with a diesel engine has doubled, lucky me come upgrade time in Feb So at the moment..it's all good, wonder how secure my job is...

Edited by Ry_B on Monday 10th November 18:45

So what happens if you get made redundant and your parents house gets repo'd?

Doubt you'd be as happy then?

[VTECMatt]

Having had to make redundancies before and facing the fact that I may well have to again, puts upgrading of ones car rather irrelavant. Enjoy it whilst you can!

Whilst it may not affect you now it may well in the future and house buying now is just as hard for first time buyers as any other time you need a big deposit and the Interest Rates available are unfairly high.

[Jasandjules]

If you've got some cash in the bank in case it goes t*ts up then all well and good.

[[AJ]]

A huge pay cut.

[turbobloke]

With the portent of last summer on, a change of business plan was needed. So the advent of the crunch led to a change in the type of business bid for and work undertaken (now, during the crunch) to try and offset the impact as far as possible.

Sympathies to everybody caught up and adversely affected.

[MonkeyHanger]

turbobloke said:

Sympathies to everybody caught up and adversely affected.

Indeed. Having said that i don't blame anyone for taking advantage of the situation if it's working for them.

[ofcorsa]

Well we have money in the bank and no debts,Both mine and my GFs job look safe so far, But with alot of my friends job looking ropey and my dads work have laid off 100's, Were wary of looking at houses to get back on the property ladder in case we lose an income.

Job security is my main concern at the moment.