Originally Posted by
life on mars
Yes your are right life's new standards are tough to reach ,however the alleged new poor or hard up , seem still to have cars , mobiles and take holidays.
I think the difference now is about exclusiveness and expectation, back in the 70' and 80's folk could not or would not step deep into the world of debt,which takes us back to the clever and derisive financial world whcih has allowed that to happen , which consequently has enabled the property price boom, you can bet your bottom dollar if the extended freely handed out loans were not there ,no one could afford these silly house prices and the prices would drop.