Soldato
Many People still have loads of money as are local house prices are going through the roof
Err I wouldn't bet on that mate! Prices have already started falling.
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Many People still have loads of money as are local house prices are going through the roof
This! I know a mate who had a 40k credit card debt cos they spend what they can't afford to fulfill a life style to keep up appearances. Because of this, it gave him no end of problems when it came to his mortgage renewal and his dad had to bail him out in the end. It's mind boggling how you can rack up so much debt...Many people are borrowing money they will have a hard time paying back That's part of what has caused this problem, irresponsible lending and a bidding war pushing up prices. They don't have money they have debt, that doesn't even include the huge credit card debt, car payment debt and lack of savings. I've been saying it for years, there's going to be a reckoning for those who've overstretched themselves.
It's mind boggling that people care about keeping up any appearances.This! I know a mate who had a 40k credit card debt cos they spend what they can't afford to fulfill a life style to keep up appearances. Because of this, it gave him no end of problems when it came to his mortgage renewal and his dad had to bail him out in the end. It's mind boggling how you can rack up so much debt...
You will be paying £600/m for heating next year. You regardless of status will lose your lifestyle. You are 50/50 going to have to sell your pc for food and heat even if you own your house and are a posh tit.the heating or eating will be the poorest 30-40% of the country who likely couldn''t afford to PC game anyway.
yet can afford scratch cards, cigarettes, booze and takeaways
I've got thermal vests and happily sit in a 10c room anyway. I embrace the cold, why do people need a constant 20c? your body acclimatises.You will be paying £600/m for heating next year. You regardless of status will lose your lifestyle. You are 50/50 going to have to sell your pc for food and heat even if you own your house and are a posh tit.
I've got thermal vests and happily sit in a 10c room anyway. I embrace the cold, why do people need a constant 20c? your body acclimatises.
even in the winter I'll just wear a Tshirt under my coat outside, sure you feel freezing for the first 10 minutes but then your body starts burning fat or whatever to keep you warm
You are a hard man though. Most people aren't as hard as you.
I don't disagree but I would add that there is also an interesting but often overlooked side effect to inflation. That is overtime the true value of debt can decrease assuming of course your income rises over time which it generally does if you measure it for longer periods.Many people are borrowing money they will have a hard time paying back That's part of what has caused this problem, irresponsible lending and a bidding war pushing up prices. They don't have money they have debt, that doesn't even include the huge credit card debt, car payment debt and lack of savings. I've been saying it for years, there's going to be a reckoning for those who've overstretched themselves.
So here is where I see the problem... those 40% margins are not more evenly distributed across the sku's.Nvidia is actually cutting its price it sells wafers to AIBs that's why it's gross margin is down 20% this quarter.
But Nvidias cuts are quite small relative to AIB cuts on some cards. Like EVGA cut its 3090ti retail price by 1 thousand dollars and that was only possible because it cut its own margins, Nvidia would be making nothing and giving away wafers for free if that 1 thousand was just from them
Nvidias margins are now in the low 40% and I can't see their shareholders accepting any lower than that given historical levels so any further cuts we see in GPU prices from here on out is likely all on the AIB cutting their price not Nvidia doing more cuts
Yes as long as your debt is at a fixed rate. Inflation will effectively reduce my mortgage assuming i get pay rises. Other people on variable rates will be well and truly in it.I don't disagree but I would add that there is also an interesting but often overlooked side effect to inflation. That is overtime the true value of debt can decrease assuming of course your income rises over time which it generally does if you measure it for longer periods.
My opinion therefore is that there is good debt and there is bad debt. Lending money and spending that on bad debt leads to problems.
I find it hilarious, I hope they feel bad for making such silly purchases. For development or content creation that's fair enough, but a guy who just plays games? buwahaha, muppets. Of course if you are wealthy and money is of no real concern then it's just a choice they've made and won't really affect them.Just imagine the poor ******** who bought the Ti for £2k