Z
z106
Guest
How will the recession affect you personally?
As in - in your day to day living, how will you lose out?
Personally - i have some properties which i was hoping to remortgage to use to put forward to pay towards other properties which i have paid a deposit on that are not yet completed.
Looks like I may lose teh deposit on those if i can't flip them.
Also - I am an IT contractor - unquestionably there are fewer contracts around now.
(Then again - teh credit crunch is a contributing factor there. On teh other hand maybe the recession is partly a symptom of the credit crunch?)
And even if i do get one when my current contract ends (which i certainly would hope/expect) - i reckon the daily rates will be less. Maybe i'm wrong on that one though.
As in - in your day to day living, how will you lose out?
Personally - i have some properties which i was hoping to remortgage to use to put forward to pay towards other properties which i have paid a deposit on that are not yet completed.
Looks like I may lose teh deposit on those if i can't flip them.
Also - I am an IT contractor - unquestionably there are fewer contracts around now.
(Then again - teh credit crunch is a contributing factor there. On teh other hand maybe the recession is partly a symptom of the credit crunch?)
And even if i do get one when my current contract ends (which i certainly would hope/expect) - i reckon the daily rates will be less. Maybe i'm wrong on that one though.