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One in five homes for sale because owners unable to afford mortgage repayments
Comments
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Providing they can survive the qualifying period and switch to a interest only, dole will pay.
'Dole' being the taxpayer.
Who incidentally, will also have to make up the shortfall in expected income from said repayment mortgage becoming interest only to the bank (if we are to expect the bank to agree).
Just as well the government now control about half the mortgage system (thanks to yet more cash from, guess who, the taxpayers) and can make a goodly number of banks switch.
Never mind, we can inflate and steal from the savers as well if the taxpayers run dry.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
'Dole' being the taxpayer.
Who incidentally, will also have to make up the shortfall in expected income from said repayment mortgage becoming interest only to the bank (if we are to expect the bank to agree).
Just as well the government now control about half the mortgage system (thanks to yet more cash from, guess who, the taxpayers) and can make a goodly number of banks switch.
Never mind, we can inflate and steal from the savers as well if the taxpayers run dry.
Stick to the facts will the dole pay or not?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
'Dole' being the taxpayer.
.
Err. If you were employed before you would have been a tax payer.That is one of the reasons you pay tax.
I pay more in tax than I would claim back at the moment if I were unenployed.
Do you want to scrap the system and health service. Would you not claim if you were unenployed and in rented accomodation?0 -
'Dole' being the taxpayer.
It's better than families being thrown out of their home and on the street - it sounds like this is something that you want!
In many countries governments do not look after people in these situations. you should be grateful of the country that you live because there are many, many countires around the world that wouldn't have the interest paid on their mortgages like we would have here.0 -
He thinks he can say anything at the moment (surrounded by his Nazguls) even if it seems almost like a direct quote from Ebenezer in Christmas Carol. !!!!!! watch out for those 4 ghosts come Christmas.It's better than families being thrown out of their home and on the street - it sounds like this is something that you want!
In many countries governments do not look after people in these situations. you should be grateful of the country that you live because there are many, many countires around the world that wouldn't have the interest paid on their mortgages like we would have here.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
He thinks he can say anything at the moment (surrounded by his Nazguls) even if it seems almost like a direct quote from Ebenezer in Christmas Carol. !!!!!! watch out for those 4 ghosts come Christmas.
Wow - you have crossed the line into 'obsessed about a stranger on the internet'.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
'Dole' being the taxpayer.
Who incidentally, will also have to make up the shortfall in expected income from said repayment mortgage becoming interest only to the bank (if we are to expect the bank to agree).
Just as well the government now control about half the mortgage system (thanks to yet more cash from, guess who, the taxpayers) and can make a goodly number of banks switch.
Never mind, we can inflate and steal from the savers as well if the taxpayers run dry.
Dole isn't charity. It's a benefit arising from the fact that you pay taxes when you are in work. If you do need to claim dole, you are only receiving what you have paid for.
If you were ill, you would get health care. As someone who is healthy, I wouldn't resent you your treatment.;)A journey of a thousand miles begins with a single step
Savings For Kids 1st Jan 2019 £16,112
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Stick to the facts will the dole pay or not?
I wasn't aware that we were arguing about whether or not the dole would pay. I certainly wasn't implying that it wouldn't.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
He thinks he can say anything at the moment (surrounded by his Nazguls) even if it seems almost like a direct quote from Ebenezer in Christmas Carol. !!!!!! watch out for those 4 ghosts come Christmas.
he still hasn't answered the question though. typical - he'll be saying the "bulls are very excited again" soon.0 -
BACKFRMTHEEDGE wrote: »Dole isn't charity. It's a benefit arising from the fact that you pay taxes when you are in work. If you do need to claim dole, you are only receiving what you have paid for.
If you were ill, you would get health care. As someone who is healthy, I wouldn't resent you your treatment.;)
The point is, that no matter what way things go it's the taxpayer and eventually savers who will bail out those who took on reckless amount of mortgage debt.
It's obvious that dole payments come direct from the public purse.
However, even if people switch their mortgages to IO it means a shortfall in the banks income - which will also have to be funded by taxpayers.
And of course taxpayers will be funding massive holes in balance sheets anyway as debts default.
Any way you look here, the taxpayer is being screwed over. And the eventual inflationary 'solution' to try to deal with the debt problem will also screw over the prudent, who saved. That sucks and I'm certainly going to express my opinion to that effect.
The social security system doesn't have a bottomless purse either (at least until they start printing money) so people who borrowed recklessly are going to start putting a lot of extra pressure on the system as a whole if they are to be bailed out.
More social security money going to pay the interest on huge mortgages means less money to go around to others.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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