The Great Transfer - Trust Fund Fuckers

Whilst my previous post wasn't quite as eloquent as I'd like, at least it was hate-felt.

We are, in case you've been living in some kind of financial wonder-haven, where people with double-barreled names are paid millions to look after your trust fund and ensure that you can continue to snort £3000 of cocaine per day, you bastards, then you will have noticed that we are in somewhat of a global financial correction; or, as a politician wouldn't put it, a recession.

I personally am very angry with the media and the way that it is particularly dealing with the housing market crash here in the UK. It leads with headlines like "Millions are to be in a position of negative equity". Yeah, and?

That means that people's houses are now worth less than their mortgages, which, in real terms, means fuck all. You decided to buy that house you live in at the time you did and the amount you paid was its value in the market at that time. The market's downturn just means that your house isn't some small cash cow, by which you can make thousands while you don't do anything; it's a building you live in.

In reality, the housing market needs a massive, massive correction. The average house price was well in excess of £150k, which is unattainable for anyone without an incredible amount of collateral, such as a £15k+ deposit or equity.

I.E. Me and my poor generation. Apart from the aforementioned Trust Fund Fuckers, of course.

People don't seem to consider even the vaguest, most simplistic rules of economics; that what goes up can, and will eventually, go down. And, when it does go down, the media go into such a panic that it only furthers the recession!

The simple fact is this; when times are good, we should save for when times are bad. No-one ever has this attitude, though, and it's definitely a hard political message to sell, but it's the only way to ensure stability, nationally and in your own home.

Yes, the costs of everything are going up and it's harder to afford things. But that's probably, to a large extent, your own fault for moving from your £160k house to a £250k one and thinking that the good times would never end.

Well, sadly, they have. We're going to face more job losses, more price rises and much less disposable income, which means we're going to have to do without the latest MP3 players, mobile phones and the like. I know that this is hard for a lot of people, but I'm certain they'll survive.

If not, then I'm certain we can live without panicky, fiscally blind morons. Or MPs, as we call them here.