The Govt are mad if they think...

[IVA UK]

people are going to buy a new car thanks to a proposal to pay people £2k for trading in a used motor for a new model. Job redundancies are rife, so who is going to rush out to a showroom? They'd be aswell offering incentives on swimming pool installations.

 

[Adventurelife]

Well the the news coming out of Germany where this has been in operation for some time say people will buy. They have seen a huge up turn in purchases due to Euro 2500 grants.

Remember as well as many people in debt and worried about jobs, there are also people who are cash rich and tend only to purchase when outright good deals can be had.

I think it is the wrong thing to do but I suspect it will tempt some buyers out.

 

[Boxby]

And those people who have money in the bank are getting nothing for it being there, so I think that with this group there is more of an attitude of if you've got it you may as well spend it, because its earning nothing in the bank.

 

[Adventurelife]

And those people who have money in the bank are getting nothing for it being there, so I think that with this group there is more of an attitude of if you've got it you may as well spend it, because its earning nothing in the bank.

Correct, but the wise ones will be buying things that are undervalued and produce a return on cash invested ( which is not cars)

Anybody with spare cash should be buying businesses that are in trouble ( if they have the skill and ability to turn them round)

This is really the best business time to be alive I have seen :thumbup: but then I am only in my forties so just a youngster:001_rolleyes:

Peter

 

[Boxby]

My hubby is seeing definite stirrings in the property market. Houses are being bought with the view to slapping tennants (or tennents? Which one's the beer??) in for a couple of years until interest rates pick up again.

 

[Adventurelife]

Not convinced on the housing market at all. I still think it is way over valued and if you discount the lottery of rising prices returns from rent are very low when compared with investing the same amount of cash in other businesses.

People will still default to investing in houses though due to the " safe as houses" feeling. Something I do not subscribe to:thumbdown: