Home and Garden Chatter

Homeowners face total meltdown

If you believe the hype home owners are indeed facing total meltdown, why? Easy………

• Mortgage rates are going up
• The banks have no spare cash
• Oil prices are on the up
• Food prices are on the up

Yes folks we are going to hell in a handcart. Personally speaking I don’t buy all the doom and gloom. There are still plenty of people sitting on a great deal of cash after all we have just come out of a ‘Boom’ period.

This is the element that concerns me, where has all the money gone? Yes it has been a period of spend, spend, spend, but who is looking is after all the cash that has been spent?

If as we are led to believe there is no money left in any pots then people have been very wreck less and have only themselves to blame.

Surely the banks and lenders such as Barclays, Nat West, HSBC, Halifax and Nationwide knew this was coming, of course they did, they are passing their bad management onto us.

Any household should look to have six months of reserve funds in place at the very least. Then at the very worst case scenario should all go wrong there is funding available for those rainy days which by all accounts are going to be pouring on us very soon!

So what is left for us? One word…….. EMIGRATE. According to one blog the National Office of Statistics has released figures stating that 2m Brits have left our shores in the last 10 years.

Emigration sounds like a great idea - but then you have the catch 22 situation - who at the moment is going to buy your home? After all there’s no money!

See the full blog on Emigration statistics at Land and Brand New Homes.