tag:blogger.com,1999:blog-7872493581238440851.post5106939808723245792..comments2024-03-15T05:41:57.261+00:00Comments on Frugal Blog: Is the Credit Crunch Just a Great Big Myth?NYK in Frugaldomhttp://www.blogger.com/profile/01702184851369212088noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7872493581238440851.post-18848928704174020852013-08-15T20:50:57.562+01:002013-08-15T20:50:57.562+01:00SFT, I fear for those mortgaged to the hilt on low...SFT, I fear for those mortgaged to the hilt on low fixed rates when those rates start rising - and let's face it, interest rates have to rise at some point in the future. My guess is, we'll see many feeling pressurised into re-mortgaging over even longer terms, just as many of us had to do when the endowments scandal erupted, leaving people facing mortgage payments well into their retirement, which is just crazy! It's the whole debt thing - ordinary, law-abiding people are encouraged to borrow and spend but then take the full backlash if things go wrong (job losses, illness, starting a family etc.) while huge multi-million pound corporate (or Government) losses can be swept under the carpet and then those debts mysteriously wiped, but at whose long-term expense?NYK in Frugaldomhttps://www.blogger.com/profile/01702184851369212088noreply@blogger.comtag:blogger.com,1999:blog-7872493581238440851.post-74986637839243167372013-08-15T20:27:47.761+01:002013-08-15T20:27:47.761+01:00Ceridwen, what can't pensioners afford at the ...Ceridwen, what can't pensioners afford at the moment and what is someone like me likely not to be able to afford when I get to State pension age, assuming there even is a State pension still available in another 20 years or so?NYK in Frugaldomhttps://www.blogger.com/profile/01702184851369212088noreply@blogger.comtag:blogger.com,1999:blog-7872493581238440851.post-58856510450551668342013-08-15T19:46:39.673+01:002013-08-15T19:46:39.673+01:00Absolutely it's not all bad news, although the...Absolutely it's not all bad news, although there are those who would tell us otherwise.<br /><br />Sft xAnonymoushttps://www.blogger.com/profile/17545087114808861192noreply@blogger.comtag:blogger.com,1999:blog-7872493581238440851.post-73706315385138098432013-08-15T18:21:33.588+01:002013-08-15T18:21:33.588+01:00But there are any number of articles published say...But there are any number of articles published saying that "technology" has come down a lot in price in real terms - and indeed it has. BUT...stuff really is going wrong with the economy and it would appear that the ones worst affected are the OAP agegroup (because their income is more likely to be going on basics like food and they are much less inclined to spend on "technology" or other possessions). Also this is the agegroup most likely to have savings and, again, they are paying (literally) for the state the economy is in (due to virtually non-existent savings rates).ceridwenhttps://www.blogger.com/profile/07618044461222968902noreply@blogger.com