Financial crisis close to home
By blog on Jun. 7, 2009.
My SO has that wonderful knack of being able to talk to random people. I don’t have this ability, I am more of avoid eye-contact and keep to myself kind. I mean sure, I will say hello to someone I walk past when I am out for a walk, but I don’t want to talk to them any more than that. My SO, on the other hand, doesn’t mind stopping to talk for a few minutes, and after five minutes chatting with one of the neighbours, she has all the gossip for the entire street we live on.
Earlier today she went out to grab our newspaper, and stopped to talk to our next-door neighbour, the local gossip. Apparently in the last month, two houses in our street were repossessed. I suppose this shouldn’t be a shock with the financial crisis still going on , but still, when it is that close to home it actually makes the whole business seem much more real, and not some nebulous far removed issue.
In spite of a hint of reprieve earlier this year, house prices have continued to fall for the best part of two years, and now the number of house repossessions seems to be steadily rising. The government and others are doing what they can to avoid this happening, but it is unavoidable for some; this financial crisis is just an ongoing kick in the teeth.
To think that this all started because of the greed of less than a dozen people, who largely got away with it, and the rest of the entire world is suffering for it! In property alone, the whole world has experienced devaluing of property. Lex Luthor were around he could buy the entire planet if property values got much worse… Okay that was ridiculous.
I feel a tad sore about it today, just because it now feels so close to home. I am very pleased to own my home outright, with all this going on, but I know that this financial climate will still affect me in other ways. Our house is worth less now than we paid for it close to a decade ago. Not to mention the fact that everything other than housing is becoming more and more expensive! It’s enough to make you grind you teeth into powder, but I can’t do that because I know the dental bill would be huge!
Category: Technology