(Buckle up) Recession for more than a year

[I'm With Stupid]

So.....how can I profit off everyone's misery?

Well, if you can't beat them, join them.

 

[Kompany Car]

So.....how can I profit off everyone's misery?

Well, if you can't beat them, join them.

Liquidity is king. Being cash rich would allow you to buy property when it inevitably falls in price. Pawn shops also do rather well if they are able to hold the asset until the market recovers.

 

[denislawsbackheel]

We just had 3 interest rate rises in 3 months. 0.5% each one.

No we haven’t.
The previous two were 0.25%

 

[Alan Harper's Tash]

No we haven’t.
The previous two were 0.25%

He’s in the land down under.

 

[NorthamptonBlue]

So.....how can I profit off everyone's misery?

Well, if you can't beat them, join them.

Start up an energy supplier. It doesn’t seem as if you have to know anything about it. Wacking salary and bonuses. When you go bust, somebody else’s customers pay for it.

 

[denislawsbackheel]

He’s in the land down under.

Ah!

 

[denislawsbackheel]

Start up an energy supplier. It doesn’t seem as if you have to know anything about it. Wacking salary and bonuses. When you go bust, somebody else’s customers pay for it.

That’s exactly what happened.
Loads were run from semi detached houses!

 

[urban genie]

Well when the riots and looting starts fuck a 80" telly, I am going for candles and thermal underwear to save on the energy bills

 

[Damocles]

How do I vote for @hilts for PM? Only bit of sense around

 

[Mr Kobayashi]

A lot more people with multiple mortgages and already extended to their borrowing limit than last time we saw this too.

If those are mortgages on multiple properties or multiple mortgages from over leveraging purely for luxuries then fuck em.

They deserve the pain.