REPOSSESSION - collecting info

fc123

dopester wrote: »

Well if you expect me and other young people to pay quarter million pounds for a basic Northern slavebox apartment - you are the ****. You want us in debt slavery as you lord around in your HPI properties and MEW-ed Audis and your fancy holidays over the years.

Nevermind... the young will forever get in to more debt to support it all for you.

Dopestar..it's not that bad..really..trust me.

You could have been a fit, 20 something male in 1939. That would have been worse.

The advantage of youth is you have the energy to direct the future (within reason). Select the things that you can change and go for it.

For as long as I can remember, I have worked my butt off.....and some of the rewards have been leached off by Govt (to give to things that I don't approve of) or Corps so that fatcats can lie back in the sun, feeding off my labours.

It's how it is....if you think about it too much, it just drives you crazy.
Don't waste precious emotional energy on the things you cannot possibly change....spend it on the things that you can change.

I haven't really benefitted from HPI in any meaningful way.

Buying a home has always been hard for the ordinary working person.

I do understand where you are coming from as I do know some who have made a killing from pure luck and being the right age and being in the right place at the right time....but it doesn't last.

dopester

mummytofour wrote: »

Things are never as clear cut as they seem so please refrain from judging until you have walk in another's shoes.

No BTL landlord would allow a tenant to stay rent-free if they can't afford to pay the rent.

I'm not wishing homelessness on anyone anyway. With a bit of forward planning, not leaving it till the last moment, there should be many other options to being out on the street. I'm saying people don't have the right to stay in property they can't afford to service the mortgage on.

!!!!!!. A couple who bought in 2006... why couldn't they have rented. Why can't they get repossessed now and go in to rented, back to parents, in to a caravan. What is the harm?????? I'm not wishing them dead.

I'm pretty sure I understand the issues thank you very much. I grew up poor and stayed in many a Northern "hotel" with a bed folding up in to the wall and kitchen built in to the room, and shared bathroom, with electricity meter fed with 50p coins with my father, after divorce. It didn't kill us.

!!!!!! the guy who listed those examples of people set to lose their homes... couple who bought in 2006... couple with a long established business that has hit the wall, and already seeing them in danger of repossession just a short time in to the downturn, and a family who took in their own mum who obviously had zero to contribute, quit a job... you can't have a property if you can't pay for it else I'd buy a mansion and expect the same.