Re: I love the Credit Crunch
 

we're a bit unsure. I have a small house with a not so large mortgage. Last year the mortgage was for just less than half of what my house was worth. Now I'm not sure of value, and if I could sell it with enough of a profit towards a larger house, and when the best time to take advantage of lowering prices would be, and if we could get a larger mortgage etc.
Its a wait and see...hold onto your seats

Re: I love the Credit Crunch
 

I hate it, work for a Building Society which is in the middle of a merger with the big Building Society :(

Re: I love the Credit Crunch
 

I don't like it!!!!!!!!!

Since Sunday I have been writing redundancy letters and comp agreements along with one of my bosses and my/her colleague. Everybody knows we are up to something. Nobody has spoken to me or my colleague since Friday we have been seen as the b!tch’s. We are constantly being looked at and spoke about and really my last two days at work have been hell.

Tomorrow everybody who is going will know including my best friend at work. Have known that she will not have a job within a couple of months and had to lie to her face when asked what was going on. I don’t want to go to work tomorrow but have to.

However the silver lining which is all that’s getting me there is that I am not losing my job and they are hoping to not have to get rid of any more staff but will be making no promises.

Re: I love the Credit Crunch
 

im staying at the travel lodge in toxtteth (liverpool) tonight.

on the flip side, I'm in the process of buying a house which was £60k more expensive this time last year :)

Re: I love the Credit Crunch
 

ooh, compromise agreements. Means that a solicitor has to give independent legal advice to the hapless recipient. If you need my number...;)

Re: I love the Credit Crunch
 

& this time next yr will be worth another £60K less :???: Good luck :rolleyes:

In the morning I will be emptying the company's bank account before the bank goes bust. (unfortunately not into my a/c but into another company a/c with a different bank)

Re: I love the Credit Crunch
 

My mate and I will probably be going into business soon as collection agents. He's done it before, and this means we'll be the ones knocking on doors asking for the keys to cars that haven't been paid for and shunting them to auction sites on behalf of finance companies. My mate has done this before, and when things picked up last time he went back to his normal job of arranging loans. He's ok whatever the situation, lend the money when times are good, repossess the stuff the loans bought when they're bad.

Hasn't done him any harm, he's 35 and owns a lovely house outright, drives a nice motor, owns a couple of bikes and has lots of spare cash in the bank.

Re: I love the Credit Crunch
 

I love the credit crunch , in a resesion proof job. so other than a few price rises dont care too much.

Re: I love the Credit Crunch
 

Lily do you work in HR?

me i hate it i work in construction albeit a big construction company but we are gonna lose 150 people in my region - since they installed oracle they have made our training dept redundant, also our submissions depart which leaves me and my team to do any submissions which isn't a hassle but its not good for them and also 2 of our regional offices are closing on top of the office that closed recently in bromborough.

on a personal level as we only bought our house last year we won't be able to afford to move until things improve drastically

not good at all

Re: I love the Credit Crunch
 

No not really. Couldnt get a deal on our holiday and if RBS go pop we are up brown street!