|Maybe a smaller house ..|
But as this is my blog, I'll just come up with my own half baked theories and carry on with the post regardless. What the heck, I tried to get better informed.
DID we learn anything from the recession? We must learn surely, er, it'll just happen again otherwise won't it?? Actually, I say DID we learn in the past tense, because here in South Africa it's, well ... been kind of over for a while now. And I know in some countries, the recession is still very much ongoing. The UK is apparently now in a Double Dip Recession. I'm not going to look it up, but it sounds bad to me.
Just a look down the contents headings of the Wiki article I was reading gives a clear image of the turn of events, starting in 2007 when the US housing market crashed with a resounding bang.
Easy credit, weak and fraudulant underwriting, predatory lending (I rang the bank to discuss an overdraft once, and was persuaded to take out a loan I couldn't really afford instead), increased debt, incorrect risk pricing ... A catalog of mistakes and bad judgements - but can we blame it all on the financiars and banks?
Did we, er, perhaps. Just maybe have
1. Do we like or need it?
But then what the advertisers and vendors of such things of course want, is for us to keep wanting and buying new things. And the creditors would love us to not be able to afford it, so we take out loans and use credit cards instead.
Those wiley advertisers, shall we all try and ignore them? They're downright sneaky. I was watching a toilet cleaner TV advert the other day, you'd think toilet cleaner would be innocent enough hey?
|Pretty normal, average house.|
Nope, nothing special.
Talk about making me feel inferior. Talk about making me want a blooming great big WHITE MANSION for starters, sod the toilet cleaner.
I think it's time for me to suggest, and then try and follow - my own advice.
Turn off the TV, look away from the newspaper, magazine and billboard ads and images and take a check with what's real. Be happy with what you have, and try and remember that the important things, the things we really need, we should all be able to afford.
Did anyone else change their spending ways during/after the recession?