[m b shaw]

i don t want to sound like a dinasaur but when i first started it was 4weeks before the big pit strike,as i live in a town that had 10 pits within a 7 mile radius you can imagine my slight concern.there was i knocking on miners doors asking for work,any way with large amounts of alcohol and sedatives i got through.i grew my buisness over the next few years and then they shut the bloody pits altogether,well i never,i thought to myself.anyway i carried on and here i am today with a big operation that makes me comfortable and not have to panic no matter what happens.the point i m making is don t worry what will be will be,and we ll all get through these times. p s i might have been worried all those years ago but at least i went out ror a pint with my mates,instead of tapping this keyboard with one finger,am i better off now makes you wonder don t it   cheers mick

[jaykie]

Cheers Alan, I must say i really enjoy this site even if some are getting fed up with it but without this site i dont believe id be where i am now and deffinatley wouldnt of made the switch to window cleaning.


Chris

[davids3511]

Things are going to get worse, nows the time to start saving.

I agree... Some people are borrowed up to the hilt!

I heard one guy on the radio yesterday - He bought a flat in Leeds 3 years ago for £180k with a 100% mortgage... The flat is now worth about £120k!!! You do the maths! And there are many many more people out there like him.

Like my local pub landlord says - Cash is King!

Andy

I agree with lots being said on this thread, but let's not get too carried away. This guy in Leeds. His flat is worth £120k IF he tried to sell it. At the moment he has to continue to pay his mortgage, and interest rates aren't 15% or whatever. So he is no worse off on a monthly outgoings basis than if his flat was still worth £180k. If he loses his job and needs to sell then he is in the proverbial. But not yet.

He probably is worse off though. He can't remortgage to a good rate because there is no equity in the home. He will be paying the standard rate which for me would be 7.85% as compared to the 5.25% I am currently paying as I am on a 2 year deal. On 180k that would be a difference of £390 a month.

[sjm]

Luke 21:28 

[David Slater]

why , because i prefer to fill my head with positive thoughts and there doe,snt seem to be a day go by without one of these posts starting up , usually after someone has lost a customer , posts by jaykie are far more enthusing , oh and i don,t read the papers for the same reason all doom and gloom , what will be will be , lots of people prosper in a turndown , me for one regards alan

Prestige,

I hear what you're saying but I dont agree with you for one minute.

I've heard similar comments along these lines and they usually go something like this - "We're talking ourselves into recession, if we stopped talking about it, it will go away"
Well, that didnt work very well for the price of diesel did it? If we stop talking about the fact that diesel was 89pence a litre this time last year and now its £1.29 do you think it will go back down?

We're not talking ourselves into recession....we are talking about the fact we are heading for recession and what can we do to protect ourselves.

I would ask you this -

If you were thinking of buying a new van or a new ionics thermo dont you think it would be sensible to see what could be around the corner for the economy?
 
What if you were about to take on another member of staff? Dont you think it would be a good idea to be aware of local conditions which the crunch may affect?

Nobody WANTS a recession. Wishing it wasnt happening or putting your head in the sand wont make it go away.

For warned is for armed...as they say.

[David Slater]

Things are going to get worse, nows the time to start saving.

I agree... Some people are borrowed up to the hilt!

I heard one guy on the radio yesterday - He bought a flat in Leeds 3 years ago for £180k with a 100% mortgage... The flat is now worth about £120k!!! You do the maths! And there are many many more people out there like him.

Like my local pub landlord says - Cash is King!

Andy

I agree with lots being said on this thread, but let's not get too carried away. This guy in Leeds. His flat is worth £120k IF he tried to sell it. At the moment he has to continue to pay his mortgage, and interest rates aren't 15% or whatever. So he is no worse off on a monthly outgoings basis than if his flat was still worth £180k. If he loses his job and needs to sell then he is in the proverbial. But not yet.

Thats very true, interest rates are not at 15%

The problem this gentleman is facing doesnt require interest rates to be at 15% for him to go under.

He most likely took a 100% deal because he couldnt raise a deposit. This puts him on a much higher interest rate than the usual headline grabbing rates offered by the big four banks. His Standard Variable Rate (if he fails to remortgage which looks likely those figures!) will shoot up dramatically adding as much as £200 - £300 a month to his mortgage.

Add to this the cost of gas, electric and food which are rising alarmingly (well above the governments official inflation rate) then we dont need to see rates hit 15% to see the same problems as the 90's

It doesnt matter where the extra money goes...whether it goes on extra mortgage payments because interest rates are 15% or whether it goes because his SVR goes up combined with gas, electric, food going up. The result is the same - he has a fixed income and its being eaten away faster than he can earn more.

This leaves aside that he is probably on an interest only mortgage (so he's not eroding the capital) or that he has probably borrowed well in excess of 3.5x his salary.

All this spells TROUBLE ahead for him...and lots like him. When they get into trouble and stop spending, then it starts to fall out onto the rest of us.

Mervyn King said in a speech just yesterday that he "expects innocent bystanders to lose their homes as a result of this loose lending by the banks"

  

[supernova77]

why , because i prefer to fill my head with positive thoughts and there doe,snt seem to be a day go by without one of these posts starting up , usually after someone has lost a customer , posts by jaykie are far more enthusing , oh and i don,t read the papers for the same reason all doom and gloom , what will be will be , lots of people prosper in a turndown , me for one regards alan

Sticking your head in the sand! That's not very good business sense is it?

Andy

[supernova77]

I agree with lots being said on this thread, but let's not get too carried away. This guy in Leeds. His flat is worth £120k IF he tried to sell it. At the moment he has to continue to pay his mortgage, and interest rates aren't 15% or whatever. So he is no worse off on a monthly outgoings basis than if his flat was still worth £180k. If he loses his job and needs to sell then he is in the proverbial. But not yet.

The guy mentioned that him and his girlfriend would like to settle down and sometime in the future raise a family... But now he doesn't think this will ever be possible because he is stuck in his flat with -£60k equity!

Andy

[sjm]

Luke 21:28 

[David Slater]

Luke 21:28 

Its hardly the end of the world 

Its just a phase of the economic cycle.

This really tickles me, everyone is quite happy to accept the 'Boom' part of the cycle and never asks a single question as to what created it....but when we enter the 'Bust' phase everyone is up in arms looking for a scapegoat 

Its as natural as being born, living, then dying. Its all part of a cycle.

[shaunshine]

well i have to say i was going to put up the prices.not put them up for 4 years now but with things the way they are you just dont dare.saying that i have got 8 new houses 12 gutter cleans in the last 4 weeks.so just got over 800 houses now and 90% are cleaned every 2 weeks.31 years in the game now so seen a bit

[pingu]

What is Luke 21:28?

Dave.

[David Slater]

The widow's mites. The signs that should forerun the destruction of Jerusalem and the end of the world:

And looking on, he saw the rich men cast their gifts into the treasury. 2 And he saw also a certain poor widow casting in two brass mites. 3 And he said: Verily, I say to you that this poor widow hath cast in more than they all...

.... And there shall be great earthquakes in divers places and pestilences and famines and terrors from heaven: and there shall be great signs.....etc etc etc

[pingu]

If that is Luke 21:28 why would that be here?

Are we having to discuss window cleaning issues under a veil of religion?

Not one wanting to wee on anyones parade but this is a window cleaning forum and even though I have my own religious beliefs I do not think that this is a place to 'push' them...

Please can we stop this 'push' !

If it continues would it not be fair for myself and others to challenge these offerings...then we may as well call this a free for all forum and just leave out the window cleaning all together.

Respectfully Dave.

[sjm]

If that is Luke 21:28 why would that be here?

Are we having to discuss window cleaning issues under a veil of religion?

Not one wanting to wee on anyones parade but this is a window cleaning forum and even though I have my own religious beliefs I do not think that this is a place to 'push' them...

Please can we stop this 'push' !

If it continues would it not be fair for myself and others to challenge these offerings...then we may as well call this a free for all forum and just leave out the window cleaning all together.

Respectfully Dave.
Dave , was not pushing it mate honest  .  There are a lot of jws like myself on here , I was just qouting the cited scripture to other jws . If I caused offence I am truly sorry .   P.s . . . . . . You did ask its meaning LOL 

[NWH]

The widow's mites. The signs that should forerun the destruction of Jerusalem and the end of the world:

And looking on, he saw the rich men cast their gifts into the treasury. 2 And he saw also a certain poor widow casting in two brass mites. 3 And he said: Verily, I say to you that this poor widow hath cast in more than they all...

.... And there shall be great earthquakes in divers places and pestilences and famines and terrors from heaven: and there shall be great signs.....etc etc etc

Yeah yeah yeah. : : : : :

[AuRavelling79]

Luke 21:28 

See! Shiner could've spotted that a mile off told sjm not to take a "buffet approach to the scriptures" and sorted it out and stopped me putting Luke 21 v 8 as a response!
 

[sjm]

good response  . . . . ( Mt:6:16-23 ) Back at ya LOL 

[pingu]

Why dont you take your private religious 'in' jokes somewhere else...this is not the place for your religious beliefs...

I personally do not care what religion you follow...but I see no place for it here..

Sorry to be the party pooper but there is too much of it here...

This forum is for and about window cleaning...if we are going down the route of misc discussions on subjects...lets just say so...

Dave.

[AuRavelling79]

good response  . . . . ( Mt:6:16-23 ) Back at ya LOL 

Not quite sure of the relevance of those verses to this thread sjm...

Back to the thread - I've not noticed a drop off of custy's to date.