Housing Minister answering questions now

FTBFun

brit1234 wrote: »

FTBfun how many comments have you sent and are they all pretending to be FTBers and against the HPC crowd.

Err, none, I have better things to do.

FTBFun

IveSeenTheLight wrote: »

Surely this would be a case for miss selling a product, if it could be prooved.
You also have to question: - How can someone on £14k afford the repayments on a £200k property / mortgage?

£14k is £1,160 p/m (after tax but probably get WTC to wipe this out).

Interest rate was 5% in 2006 I believe so even on an I/O mortgage at this level (unlikely if 5 year fix) they'd be paying £10k a year i.e. £833 p/m - excluding service charges, utilities, food, travel etc.

Basically, that post is a load of garbage.

IveSeenTheLight

FTBFun wrote: »

£14k is £1,160 p/m (after tax but probably get WTC to wipe this out).

Interest rate was 5% in 2006 I believe so even on an I/O mortgage at this level (unlikely if 5 year fix) they'd be paying £10k a year i.e. £833 p/m - excluding service charges, utilities, food, travel etc.

Basically, that post is a load of garbage.

Indeed, hence why you'd have to question it

Turnbull2000

Let me guess what he's said...

1. More shared-ownership
2. Get banks lending again
3. BTL is a necessity
4. Keep prices stable...at current levels of course.

HAMISH_MCTAVISH

Close enough....

-Shapps clearly not interested in a crash,
-likes shared ownership as a solution,
-wants stability and prices to rise slowly,
-hpc crowd embarrassed themselves and got their frothy comments deleted

Graham_Devon

HAMISH_MCTAVISH wrote: »

Close enough....

-Shapps clearly not interested in a crash,
-likes shared ownership as a solution,
-wants stability and prices to rise slowly,
-hpc crowd embarrassed themselves and got their frothy comments deleted

Let's take what he actually said, instead of someones VI version.

That's a false choice. What I've said is that if pricing are stable and don't regular exceed, say, average earnings then this in itself would be helpful over the long term

Does not say he wants prices to rise. He says, as long as they don't regularly exceed average earnings then this would be helpful over the long term.

the_flying_pig

the most interesting thing is how they found a picture that made him look so young & good-looking when in fact neither's particularly true.

brit1234

Turnbull2000 wrote: »

Let me guess what he's said...

1. More shared-ownership
2. Get banks lending again
3. BTL is a necessity
4. Keep prices stable...at current levels of course.

Actually a lot less shared ownership as there is no money for it if you see his reply to me above. :beer:

geneer

IveSeenTheLight wrote: »

I heard Shapps on the radio this morning.
He seemed to confirm that the UK needed to build more properties.
I think that's been mentioned once or twice in here.

Yes. Mentioned a lot around 2007 too, as I recall.
How did that work out then?

geneer

HAMISH_MCTAVISH wrote: »

Loved watching that.

Some great comments, the hpc crowd really took a pasting. One managed to be so offensive to Shapps the comment was deleted. Brilliant, shows them up for what they are.

Ah. Is that whats kept you away from addressing this continuation of our discussion then.
http://forums.moneysavingexpert.com/showpost.php?p=41828152&postcount=59

I'm sure you were planning on getting around to it. :rotfl:;)