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Debate House Prices
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Support for mortgage interest (SMI) extended AGAIN
Comments
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Graham_Devon wrote: »Are the house price optimists not the ones who say people should take risks, instead of sitting on the sidelines while laughing at them for how much they spent in rent?
Yet now, when people can't pay for their homes, who did jump in to home ownership, shouldn't have any risk, and the government should prop them up?
Hypocritical to say the least.
I was thinking that myself Graham. I think I alluded to it in an earlier post when I said that if the private property market is meant to be a "free" market, then there shouldn't really be a huge safety net, funded by the taxpayer, for those that wish to enter that market. If they want to protect themselves against loss of income, invest in some insurance.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
RenovationMan wrote: »Wouldnt we then have to pay their rent, which could, in all likelihood, be more expensive than paying their mortgage interest? Plus there is no end to paying rent via benefits, unlike mortgages.
If we only pay the interest on mortgages then there's no end to that either.
What planet are some of you people on, comrades?
I'd rather save for my daughter's higher education than pay unemployed debtors' mortgage interest (or capital) past a very limited time.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
RenovationMan wrote: »Wouldnt we then have to pay their rent, which could, in all likelihood, be more expensive than paying their mortgage interest? Plus there is no end to paying rent via benefits, unlike mortgages.
Yes there does seem to be an element of jealousy here, though how you can be jealous of someone who has lost their job is beyond me.'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 -
Yes there does seem to be an element of jealousy here, though how you can be jealous of someone who has lost their job is beyond me.
You are, evidently, all out of anything useful to say then?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
RenovationMan wrote: »Plus there is no end to paying rent via benefits, unlike mortgages.
If you keep extending the period SMI runs for then there's no end to that either!0 -
Define real need. How about facts, figures and reality instead of BS emotive phrases?
I would support a variable system where just the interest on people's mortgages was paid off and it was limited to a period of 9 months to allow them to try to find a job. The SMI stops after 9 months and if they haven't found a job then they may lose their house if they cannot keep up repayments on the mortgage secured against it. Presumably they read their mortgage agreement before signing it?
Real need is when their interest rate is higher than 3.7%. So after 9 months we allow eviction and pay their rent instead, mmmm.'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 -
You are, evidently, all out of anything useful to say then?
So if you are not jealous what are you? if the alternative treatment is paying the same amount (or more) in rent?'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 -
So if you are not jealous what are you?
In favour of something that is conveniently called a free market behaving like one.
What is with the jealousy accusations? Let me guess. You have nothing with which to support a rational argument so you thought you'd try even more emotive words like 'jealousy'. I'd bet you do emotional blackmail too.
What are you?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
In favour of something that is conveniently called a free market behaving like one.
What is with the jealousy accusations? Let me guess. You have nothing with which to support a rational argument so you thought you'd try even more emotive words like 'jealousy'. I'd bet you do emotional blackmail too.
What are you?
A person who doesn't like to to see families evicted from their houses, especially if it doesn't help to cut that deficit. What are you?'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 -
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