MP on £65k Bleats He Can't Get on the Ladder

ninky_2

i saw this and have to say i didn't reallly understand what he was on about.

maybe he just meant he couldn't afford the sort of house he thinks he has a right to own.

there are some people who have somewhat elevated expectations in life and get rather indignant when they don't match the reality of their situation.

nicko33

ninky wrote: »

maybe he just meant he couldn't afford the sort of house he thinks he has a right to own.

maybe he just meant he couldn't afford the sort of house he would like to own.
I expect he can get on the ladder, but can't jump as far up it as he would like. It doesn't have to mean he thinks he's entitled to it.

ninky_2

nicko33 wrote: »

maybe he just meant he couldn't afford the sort of house he would like to own.
I expect he can get on the ladder, but can't jump as far up it as he would like. It doesn't have to mean he thinks he's entitled to it.

maybe but the way he put it (or the way it was reported) made it sound as if he did feel entitled.

the main complaint was that a deposit of 25k was required. you can definitely save 25k on a 65k a year salary. shouldn't take more than a year or two tops.

PasturesNew

I figured maybe a 4 bed as a minimum was required for an MP.... space for entertaining, room as an office, lots of off road parking and a big garden for the shmoozing they do with rich types. I guess his basic problem is his "posh friends" have lovely £1,000,000 houses and he doesn't want/deserve less in his mind. On the other hand, you wonder what he's been doing with his time until now as he's 34 http://en.wikipedia.org/wiki/Stephen_Gilbert_%28UK_politician%29

Looking at his website, he describes his constituency as "The boundaries of the new seat stretch from Fowey, in the south east, along the south coast, past Mevagissey to East Portholland, and then up through the clay country to Newquay and along the north coast, through St Columb Major, to Mawgan Porth and Trenance."

Well, Fowey's posh, he probably thinks his FTB budget should buy him a waterside gated mansion, like Dawn French's (which is quite nice ... and if you're reading, can you sell me that corner bit of your garden, so I can build 1-bed house there plz thx).

Perhaps he wants this at £850k http://www.rightmove.co.uk/property-for-sale/property-29516566.html

wotsthat

I've been looking at apartments in the St. Austell and saved it in my Rightmove list. It's not that I want to buy it but I like the photos of the living space. There's lots to learn about how to sell a property here as well.

http://www.rightmove.co.uk/property-for-sale/property-32605316.html

It might suit him.

The_White_Horse

ninky wrote: »

maybe but the way he put it (or the way it was reported) made it sound as if he did feel entitled.

the main complaint was that a deposit of 25k was required. you can definitely save 25k on a 65k a year salary. shouldn't take more than a year or two tops.

not necessarily.

lets say someone is on 65k and lives in or near london. after tax they probably get something like 3500 a month.

then, you take off 1500 rent/mortgage. 2000 left.

Pension contribution -300

then you take off train travel to work - 150
then you take off council tax - 180
then if the person has a kid or kids - 200 (child care costs)
then you take off bills (gas, elec, water, phone, insurances, medical, car etc etc) - 500 (easy)

about 670 left

then you have to take into account other debts ie any loans/credit cards - let say 250.

there is no saving at all taken into account - for the easy to achieve 25k deposit.

so, 420 left for food/petrol/clothes and other sundries. that is not much a month if the person on 65k is supporting a family and living in or around london. if the person on 65k is single and living somewhere else, maybe it is ok.

but don't make the mistake of thinking 65k is a lot in all circumstances. the family of one earner on 65k is far worse off that the family of two workers on 33k each. why?????? unfair system.

ninky_2

The_White_Horse wrote: »

not necessarily.

lets say someone is on 65k and lives in or near london. after tax they probably get something like 3500 a month.

then, you take off 1500 rent/mortgage. 2000 left.

Pension contribution -300

then you take off train travel to work - 150
then you take off council tax - 180
then if the person has a kid or kids - 200 (child care costs)
then you take off bills (gas, elec, water, phone, insurances, medical, car etc etc) - 500 (easy)

about 670 left

if you are single you don't need to spend 1500k a month in rent (if you are saving for a deposit you don't have a mortgage!). you rent a room in a shared house. shared house also means shared council tax and bills.

don't have kids if you can't afford them.

honestly white_horse i thought you were for all for self-sufficiency. what's with the pandering to people who have kids / lifestyles when they can't afford them and then moan they can't get on the property ladder?

chewmylegoff

The_White_Horse wrote: »

not necessarily.

yes but we are not talking about someone who lives "near london" and is supporting a young family on a single wage (well probably not anyway, as he is openly gay although it is possible that he is supporting a partner and they have adopted).

anyway, he will have to pay for his home in his constituency, but as we are all very aware, he gets expenses to cover his london home and a lot of his living expenses and travel to and from his constituency - he will be able to save much more than a non MP earning £65k who lives and works in london. he also doesn't really need to set aside £300 a month after tax for his pension as the MPs pension is probably going to see him through...

this guy could save for a couple of years and then buy somewhere quite a few rungs up the ladder. if he can't get on the ladder it is because he is a wastrel.

PasturesNew

wotsthat wrote: »

I've been looking at apartments in the St. Austell and saved it in my Rightmove list. It's not that I want to buy it but I like the photos of the living space. There's lots to learn about how to sell a property here as well.

http://www.rightmove.co.uk/property-for-sale/property-32605316.html

It might suit him.

Here's one round the corner that's a 1-bed house - on at £90k, but I notice they've just accepted an offer of £59k for it http://www.rightmove.co.uk/property-for-sale/property-26121553.html

I think next door's owned by the same person (repo I think)..... So could have snapped the two of them up for the £111k of that flat. Here's next door http://www.rightmove.co.uk/property-for-sale/property-28185175.html offer £59k.

Edit: Oh, looks like somebody's already offere £79k http://www.rightmove.co.uk/property-for-sale/property-26121556.html ... probably one person's bought the two.

PasturesNew

The_White_Horse wrote: »

not necessarily.

lets say someone is on 65k and lives in or near london. after tax they probably get something like 3500 a month.

Not everybody lives in/near London, including this MP, who lives 300 miles away.

The_White_Horse wrote: »

Pension contribution -300

Luxury

The_White_Horse wrote: »

then you take off train travel to work - 150
then you take off council tax - 180

Council tax wouldn't be that much for a single person in a starter home. In many places in London council tax is quite cheap!

The_White_Horse wrote: »

then if the person has a kid or kids - 200 (child care costs)

This MP's gay - so he's got a chance of hooking up with another high-earning bloke.

The_White_Horse wrote: »

then you take off bills (gas, elec, wat
er, phone, insurances, medical, car etc etc) - 500 (easy)

Utilities have usually cost me £100. Car ownership about £75-100.

The_White_Horse wrote: »

then you have to take into account other debts ie any loans/credit cards - let say 250.

Not everybody has debts. I don't.