Comments on: Three cheers http://simplepound.meewella.com/three-cheers.php A trip down personal finance lane. Sun, 01 Aug 2010 08:38:23 +0000 http://wordpress.org/?v=2.5 By: Kirsten http://simplepound.meewella.com/three-cheers.php#comment-299 Kirsten Sun, 10 Feb 2008 23:03:37 +0000 http://simplepound.meewella.com/three-cheers.php#comment-299 Guys, thanks so much for all your comments. I'm sorry for replying this late, but I was a little under the weather and hence didn't check on the site as often as usual. It's interesting to see how many people seem to agree that rising house prices are in theory NOT a good thing, yet every single newspaper article you read has a negative edge if it reports a fall in property values (just this weekend's FT...). Yes, this might be related to the fact that the primary audience of the FT actually owns property(ies), but I find it a general attitude in society rather than an upper class cocktail party story. Thanks for the link to the article Jimbo. It's indeed very informative even though I don't quite agree with the "Let's not ever use credit cards again and pay everything in cash". Not only because you'd end up carrying around hundreds of one-dollar bills that just seem to accumulate in your wallet, but also because you miss out on lots of great benefits that you can reap if (and only if!) you use the cards sensibly. But I guess that's a topic for another post! :-) Guys, thanks so much for all your comments. I’m sorry for replying this late, but I was a little under the weather and hence didn’t check on the site as often as usual.

It’s interesting to see how many people seem to agree that rising house prices are in theory NOT a good thing, yet every single newspaper article you read has a negative edge if it reports a fall in property values (just this weekend’s FT…).

Yes, this might be related to the fact that the primary audience of the FT actually owns property(ies), but I find it a general attitude in society rather than an upper class cocktail party story.

Thanks for the link to the article Jimbo. It’s indeed very informative even though I don’t quite agree with the “Let’s not ever use credit cards again and pay everything in cash”. Not only because you’d end up carrying around hundreds of one-dollar bills that just seem to accumulate in your wallet, but also because you miss out on lots of great benefits that you can reap if (and only if!) you use the cards sensibly. But I guess that’s a topic for another post! :-)

]]> By: Jimbo http://simplepound.meewella.com/three-cheers.php#comment-293 Jimbo Wed, 06 Feb 2008 21:11:33 +0000 http://simplepound.meewella.com/three-cheers.php#comment-293 An excellent article! Thanks Kirsten. This overlaps with an article I read in the IHT online today about Americans. Sorry for posting a link, but you might find it interesting: http://www.iht.com/articles/2008/02/05/business/spend.1-217296.php? Money/wealth is a very psychological thing, isn't it? PS smashing blog, hope you're enjoying graduate life in London (and not going to Inferno's too much...) An excellent article!

Thanks Kirsten. This overlaps with an article I read in the IHT online today about Americans. Sorry for posting a link, but you might find it interesting:

http://www.iht.com/articles/2008/02/05/business/spend.1-217296.php?

Money/wealth is a very psychological thing, isn’t it?

PS smashing blog, hope you’re enjoying graduate life in London (and not going to Inferno’s too much…)

]]> By: Economonkey http://simplepound.meewella.com/three-cheers.php#comment-291 Economonkey Wed, 06 Feb 2008 15:13:38 +0000 http://simplepound.meewella.com/three-cheers.php#comment-291 Rising house prices benefit so few people in real terms that it constantly amazes me how many people think it's a 'good thing' that the market has rocketed skywards. The truth is that we all end up paying much more of our income just to put a roof over our heads, and a growing number of people are squeezed out of the market entirely. The property boom has, without a doubt, made this country a far worse place to live. Rising house prices benefit so few people in real terms that it constantly amazes me how many people think it’s a ‘good thing’ that the market has rocketed skywards. The truth is that we all end up paying much more of our income just to put a roof over our heads, and a growing number of people are squeezed out of the market entirely. The property boom has, without a doubt, made this country a far worse place to live.

]]> By: tuftey http://simplepound.meewella.com/three-cheers.php#comment-286 tuftey Mon, 04 Feb 2008 16:13:01 +0000 http://simplepound.meewella.com/three-cheers.php#comment-286 I have often been bemused by the people who are lucky enough to own a house and there smugness at rising house prices. You can only make money in the property market if you own more than one property (you must always have somewhere to live) or you are willing to live somewhere cheaper I have often been bemused by the people who are lucky enough to own a house and there smugness at rising house prices. You can only make money in the property market if you own more than one property (you must always have somewhere to live) or you are willing to live somewhere cheaper

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