Rip-off Britain - inflation is 5% now?

Screeeech said:
It's an interesting one, in the last few years I've watched several people get some cash through being smart, (when I say cash I mean, 4x people in my immediate circle all making over $1m each). One of them in about 5 years has gone from being modestly well off, to just moving into a house in Malibu. (yes Malibu....)

Now, part of me applauds him for being smart and knowing how to invest, but the amount of money he's made just from investing - it's crazy, just crazy.. Basically at the start he got lucky with an IPO and it went from there.
There's something which feels unbalanced about how quickly and easily someone can make $tens of millions, just in investing - whilst 'normal people' scrape through.

I'm not complaining, or saying it's morally right or wrong - but it feels, imbalanced..
Click to expand...
you need money to make money, not everyone can afford to chuck thousands at BTC or the stock markets knowing they might lose a lot of it.

GME probably made more than a few millionaires and made a lot of people dirt poor

Do you honestly think there are only 10% of people of here earn more than £54,900 per annum?
Click to expand...
I'd guess maybe 25% but most of them probably weren't in that position when they joined.

loads of you well off folk probably were posting on here before you had any "real money"

look at the spec me threads usually it's not people with a large budget
 
I was paying £52.99 for 900Mbps, after the increase would be £55.50 or something.

Contacted BT who changed the price to £49.99 and not price increase until the next 12 months have passed.

It helped that I wasn't in contract, not sure they would budge otherwise.

New contract for this one though I think, 24 months is painful.
 
Last edited:
There are deals to be had. Virgin media is notorious for its price rises. But now there is competition from fttp virgin is getting left behind.
 
Greebo said:
Didnt realise we had got to 158,013 users. :eek:It probably doesnt apply to the current temporary forum users, a lot of who will have joined during the 3xxx series debacle. I should have perhaps said "regular" forum posters.

But in general you only have to look and the motor forums, items i have purchased, peoples builds in signatures, 3090 and Titan purchase threads, new build threads etc to realise the makeup of annual earnings on here is skewed to normal population.

Do you honestly think there are only 10% of people of here earn more than £54,900 per annum?
Click to expand...

nah man I bet the people who purchased it's all debt. I wouldn't like to guess but I dare say majority runs on credit.
 
Bouton Aide said:
nah man I bet the people who purchased it's all debt. I wouldn't like to guess but I dare say majority runs on credit.
Click to expand...

Nah. There may be some credit on 100k+ cars but even if there was you need a certain income to afford the monthly repayments.

My old boss whenever anybody passed comment on his £310k Aventador used to remark that it wasn't his but the finance companies and they could gladly take over the £8k monthly payments if they wanted to.

Totally missing the point that he had enough disposal income to afford an £8k per month payment ;)
 
Last edited:
arknor said:
you need money to make money, not everyone can afford to chuck thousands at BTC or the stock markets knowing they might lose a lot of it.

GME probably made more than a few millionaires and made a lot of people dirt poor


I'd guess maybe 25% but most of them probably weren't in that position when they joined.

loads of you well off folk probably were posting on here before you had any "real money"

look at the spec me threads usually it's not people with a large budget
Click to expand...

Thats true. I was earning only £24k per annum when i joined back in 2001.
 
Greebo said:
Nah. There may be some credit on 100k+ cars but even if there was you need a certain income to afford the monthly repayments.

My old boss whenever anybody passed comment on his £310k Aventador used to remark that it was his but the finance companies and they could gladly take over the £8k monthly payments if they wanted to.

Totally missing the point that he had enough disposal income to afford an £8k per month payment ;)
Click to expand...

I have seen to many threads on here about getting credit for gpu's though. Not so many cars. not at 100K+ anyway lol
 
Bouton Aide said:
I have seen to many threads on here about getting credit for gpu's though. Not so many cars. not at 100K+ anyway lol
Click to expand...

Thats mainly all the new ones who joined up this year clambering to get hold of 3080/3090s

I had 5 3090s on preorder at one point with different retailers. :eek:

Worth it in the end, got my strix 3090 OC for £1595. Could still sell it at a profit now :)
 
Screeeech said:
It's an interesting one, in the last few years I've watched several people get some cash through being smart, (when I say cash I mean, 4x people in my immediate circle all making over $1m each). One of them in about 5 years has gone from being modestly well off, to just moving into a house in Malibu. (yes Malibu....)

Now, part of me applauds him for being smart and knowing how to invest, but the amount of money he's made just from investing - it's crazy, just crazy.. Basically at the start he got lucky with an IPO and it went from there.
There's something which feels unbalanced about how quickly and easily someone can make $tens of millions, just in investing - whilst 'normal people' scrape through.

I'm not complaining, or saying it's morally right or wrong - but it feels, imbalanced..
Click to expand...

I hope he visited first, the majority of Malibu is a **** hole :p
 
Reality|Bites said:
give me the dummies guide
Click to expand...

Available assets and productive capacities are not infinite, when you inflate the money supply more people have money.
People still fight for the same underlying assets goods and services, now with more money, they cost more as supply doesn't scale up.

It's like diluting juice, you have 20% rich concentrate, add water and add more water and more and more. It takes a lot of juice to consume that flavour portion.

Primary inflationary costs are usually governments funding things that are financially unrealistic like welfare. They borrow and print the money to buy lower income votes whilst not turning taxpayer positive votes against them.

This year, we funding people at 80% salary to not work. There is a cost and there is a delay of when it's realised. Prepare for a wild ride.
 
You must log in or register to reply here.
Back
Top Bottom