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Old 25-01-2011, 20:06   #22
Hugh
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Age: 69
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Re: 'Shock' Contraction in the UK economy

As the old saying goes "Don't blame me" - I have always seen my house as a home, not an investment (I have lived in this one for 18 years now, and the one before that for 8 years).

I don't actually remember asking for the house prices to be inflated, in fact, I was quite against it as it made moving from a semi to a detached house very difficult. I seem to remember a lot of money being spent on schools and universities, the main beneficiaries who would seem to be the generations after mine (who also seem to be the ones with the fancy toys like iPhones, iPads, big TVs/BluRays, laptops, etc)

Re pensions, I have always been a member of a private pension fund, and only in the last three years joined a University Pension Fund (which I pay 10% into), and the only thing I have ever bought without having the money to pay for it is my house, which I will pay off near the end of this year.

Once again, "Don't blame me!".... (I am a believer in equity, not debt - I wish more were the same).

*and I am not even going to begin to mention the income tax/NI/VAT I have paid over my life....
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