Grendel
Well-Known Member
I mean mortgage payments - capital and interest combined
When you say mortgage rates do you mean interest rates?
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I mean mortgage payments - capital and interest combined
Are you saying that I have forgotten?
I had it really hard. That is why I don't waste my money now. Then we get Shhhmmee saying how easy we had it. Unbelievable. My eldest kid is 34 youngest is 9. I don't need telling anything. I have seen the changes. You would think with tour comment here that it is never who wants tax to be raised off the poorer of our population and not yourself.
I know a 25 year old and a 29 year old at Jlr who both worked for me who are home owners - oddly they understand the word sacrifice - my daughter now has enough to get a deposit and will buy next year
I know a 25 year old and a 29 year old at Jlr who both worked for me who are home owners - oddly they understand the word sacrifice - my daughter now has enough to get a deposit and will buy next year
At the end of the day people can talk about interest rates and percentage of income etc but most voters are going to go off their personal experience. For an ever increasing number of people finding affordable housing is an issue and that will influence their vote.When you say mortgage rates do you mean interest rates?
Does everyone work at JLR and get paid decent wages? by?
At the end of the day people can talk about interest rates and percentage of income etc but most voters are going to go off their personal experience. For an ever increasing number of people finding affordable housing is an issue and that will influence their vote.
I can only look at my experience. My Dad and both Grandads all left school without a great deal of qualifications and got a trade. My Dad worked at Courtaulds, one Grandad at the Jag and one became a butcher. All jobs for life.
Off those jobs they could all afford a decent quality of life and a house. My parents bought a 3 bed in Stivichall, as did one Grandad, the other a 3 bed in a nice part of Brum (well as nice as it can be in Brum!).
I'm not saying it was never difficult and they didn't have to tighten their belts at times such as when the interest rates went up but even at those times it didn't match how tight I'm finding things and others I know are in the same situation.
Housing takes up a huge chunk of my wages. At the moment I'm renting, buying a house would reduce that amount by about a third yet when I've been applying for a mortgage recently I've been told I can't afford the repayments despite having never being late with a rent payment. To buy a 2 bed place the bank are looking for a deposit in the region of £70K to make the mortgage 'affordable'.
I'm sure there are young people who are buying houses and I'm sure there's people who waste loads of money they could be putting towards a deposit but that doesn't apply to everyone and isn't an excuse to stick two fingers up to those who are trying.
When I talked with our Conservative candidate about this she had no idea how to improve things. She is in favour of the University expanding but is against houses near the university being HMOs, she also objected to any student accommodation being built and is campaigning against new houses being built in the area!
Wasn't really aimed at you, just a general rant.I don’t disagree I was just interested in the metric G was using.
Wasn't really aimed at you, just a general rant.
Not sure if its a generational thing. My Dad is convinced I should be saving hundreds every month no matter how many times I point out my salary just about covers rent, bills and food. My Mum thought I'd be able to buy a house no worries and when I pointed out there's constantly stories in the media about how hard it is she basically said she didn't believe them.
Think the older generation might just assume if we can't achieve the same standard of living they enjoyed its somehow our own fault.
Wasn't really aimed at you, just a general rant.
Not sure if its a generational thing. My Dad is convinced I should be saving hundreds every month no matter how many times I point out my salary just about covers rent, bills and food. My Mum thought I'd be able to buy a house no worries and when I pointed out there's constantly stories in the media about how hard it is she basically said she didn't believe them.
Think the older generation might just assume if we can't achieve the same standard of living they enjoyed its somehow our own fault.
Wasn't really aimed at you, just a general rant.
Not sure if its a generational thing. My Dad is convinced I should be saving hundreds every month no matter how many times I point out my salary just about covers rent, bills and food. My Mum thought I'd be able to buy a house no worries and when I pointed out there's constantly stories in the media about how hard it is she basically said she didn't believe them.
Think the older generation might just assume if we can't achieve the same standard of living they enjoyed its somehow our own fault.
Well that’s utter bollocks isn’t it as interest rates were substantially higher for a sustained period of timeThe interest rate argument is so dishonest.
Yes Karen you paid 15% for a couple of years, meanwhile the value of your home increased 250%.
Yep, free market approach has extracted money from the real economy through inflated house prices and rent and further cost the public purse through tax credits partly due to wages being insufficient to cover cost of living.The idea that the state shouldn’t build housing has a lot to answer for. It’s a solid investment and the state can borrow far cheaper and owns both land and the planning process. But then no one gets rich so here we are.
So many social problems that come with ghettoisation led by housing policy and house builders skiving off their responsibilities.
Housing is so important in so many ways and a free market approach fails spectacularly
At the end of the day people can talk about interest rates and percentage of income etc but most voters are going to go off their personal experience. For an ever increasing number of people finding affordable housing is an issue and that will influence their vote.
I can only look at my experience. My Dad and both Grandads all left school without a great deal of qualifications and got a trade. My Dad worked at Courtaulds, one Grandad at the Jag and one became a butcher. All jobs for life.
Off those jobs they could all afford a decent quality of life and a house. My parents bought a 3 bed in Stivichall, as did one Grandad, the other a 3 bed in a nice part of Brum (well as nice as it can be in Brum!).
I'm not saying it was never difficult and they didn't have to tighten their belts at times such as when the interest rates went up but even at those times it didn't match how tight I'm finding things and others I know are in the same situation.
Housing takes up a huge chunk of my wages. At the moment I'm renting, buying a house would reduce that amount by about a third yet when I've been applying for a mortgage recently I've been told I can't afford the repayments despite having never being late with a rent payment. To buy a 2 bed place the bank are looking for a deposit in the region of £70K to make the mortgage 'affordable'.
I'm sure there are young people who are buying houses and I'm sure there's people who waste loads of money they could be putting towards a deposit but that doesn't apply to everyone and isn't an excuse to stick two fingers up to those who are trying.
When I talked with our Conservative candidate about this she had no idea how to improve things. She is in favour of the University expanding but is against houses near the university being HMOs, she also objected to any student accommodation being built and is campaigning against new houses being built in the area!
on this topic could argue Nazi germany did a lot of good for Germany and on balance the deaths were worth it?
Yet again show where I have said that.What? You’re the one saying the deposit should come from having parents rich enough to have built up capital. I want it to be down to hard work and ability to earn a decent wage.
What do you call high interest rates? Or do you only mean when they reached 16%?Interest rates were high for a short period. Wages to price ratio was low for far far longer. As people keep telling you, the issue is the deposit required to buy a house with prices as they are. Combined with low wages it means people can’t get on the ladder.
You keep stating blatant falsehoods despite being pulled up on it. I’ve repeatedly said I didn’t like Blair’s privatisation agenda, you liked the fricken post so you clearly read it!
This is such a bizarre line of argument-almost one I’d invite you to repeat on national TV
There is one big point you miss when you bring up house values. What is the use of having a house worth 250k if you never sell it? The ones who benefit the most are your generation. Not the ones who live in it until they die.The interest rate argument is so dishonest.
Yes Karen you paid 15% for a couple of years, meanwhile the value of your home increased 250%.
What do you call high interest rates? Or do you only mean when they reached 16%?
So you are winning just like the rest but still using it as a stick to beat those who have nothing to do with house prices or interest rates.Here’s what I mean: if the average interest rate over the period of your mortgage is lower than the average annual value increase in your house: you’re winning.
wTF? I’ve missed Grendel’s madness. He is going over the top. The West paid to upgrade the East. It’s still paying. I don’t know what that has to do with Hitler. The East was poorer and more rural before the war and will probably always be poorer because it doesn’t have the industrial capacity. More people are moving to the East than leaving since 2017, so things are changing in some cities. A major difference in future wealth is the inheritance. Billions are being inherited in the West as the older prosperous generation pass on their wealth. In the East it’s peanuts as they missed out on the good times. That is because of Stalin not Hitler.
This whole shtick is a bit of a new one for G whereby absurd arguments are put forward that are actually those of other people, except he waits a while before he reveals that.
There is one big point you miss when you bring up house values. What is the use of having a house worth 250k if you never sell it? The ones who benefit the most are your generation. Not the ones who live in it until they die.
You've resorted to the old name then, and still . the same bullshit as ever. Have you been chasing the young ladies again you mucky old pensioner ?
So you are winning just like the rest but still using it as a stick to beat those who have nothing to do with house prices or interest rates.
So pensions should be hit again because someone dodges tax?
How about hitting tax dodgers first?
How are we supposed to save for the future when the goalposts keep getting moved? You need to think about what you are saying. I have spent nearly 30 years putting every spare penny away. Our newest car is now 11 years old. No fancy holidays. I have had 2 weekends away with the wife without children in all the years we have been together. It has been tough at times. But it has all been for our futures. It is happening when I am 55. If it gets hit again I might as well have had a good time and been a burden on the state when I am old.
So...if taxes here reach a point where it is more cost effective, & a better risk-benefit ratio, to move their money elsewhere...they will do so.The super rich pay as little tax as they can get away with as it is. They pay accountants very well to achieve this and would simply continue doing so. The USA had marginal tax rates of around 90% in the 50s-the rich went nowhere.
To be fair - you (& others) are deliberately trying to slant this to discredit the poster rather than acknowledge the concept.Do please request a slot to argue that Hitler was good for Germany.
PatronisingYes we all learnt this at school.
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It does trickle down, they will tend to spend more extravagantlyEvidence shows that when you do favours for the rich they tend to pocket the extra wealth and it doesn’t trickle down. The experiment in Kansas with this led the state to financial ruin very quickly indeed.
More to the point the tax cuts for the rich and corporations have done little to stem the outsourcing of American jobs to countries with lower wages. We also know that the wealthy tend to indulge in tax avoidance with great success even with ‘friendly’ rates now. Making it harder to avoid paying a fair contribution should be applauded.
I’m just saying
Well you’ll see that Grendel is somewhat right - economically he did benefit Germany.
obviously mass genocide and starting World War 2 is heinous and ultimately he was destroyed for good - but if you’re looking at him from a purely economic view he was good for Germany
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