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Resentment of this generation
Comments
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Don't forget - there were also limits set by the Bank of England/government on exactly how much building societies could lend - if you approached your building society at the wrong time, you could find yourself refused a mortgage because the building society had already allocated the available funds, or placed on a waiting list for a mortgage. I'm not sure when these rules were relaxed - but they existed well into the 1970s - maybe even later.0
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My father-in-law always insisted "there's nobbut three generations from clogs to clogs"!0
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But yes I am a greedy person you have caught me out, I have earnt everything I have and do much charity work to which they have tried to pay me and I have refused the money, I show all the signs of greed... oh wait...
As I say all I want is a place to call home, I don't want it to shoot up in value to lock out the young, I don't want more properties to then force the less fortunate to pay my mortgages for me. I want others to also have the stability of there own home as I believe society as a whole would benefit.
Para 1:- stop doing charity work and get a better paid job, get another job, move to cheaper area or move completely.
Para2:- The majority of people are not BTL landlords.
There have always been BTL landlords though.
Berating us for being in our position really doesn't help your cause.
We didn't engineer the current situation. We just happened to be sitting ducks.
Would it help if I sold my house and sent you a blank cheque?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Like no discount on council tax...
The poll tax was a tax on the occupants. The council tax is a tax on the property, or rather the usage of the property. That's why a couple in a poky flat pay less council tax than a couple in a mansion - it bears no relation to the amount of council services they are likely to use, it bear a relation to the value of their house.
The Rates were a tax on property.
Maggie cocked up with the Poll Tax. Because single people (think teenagers over 18 living in the family home, or friends sharing a small flat, got hit disproportionately.
The council tax was a mix of the two and didn't fall back to the level of Rates previously .
The discount for single occupancy was a recognition of that fact.
As it also affects a lot of widows and widowers I think it is a good thing personally.
Of course if you don't like it I am sure a 5% increase in Income Tax, over say £20K, will sort it out."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
How long did it take them to save for a 40% deposit?
Depends on when they started saving. They both started work at 14. Mom probably saved a little but can't have been much during the war years. They were married for 11 years before buying.
In the interim they rented form BTL landlords too. Then council maisonette before buying. Dad was 35."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I think that council tax should be replaced by a local tax on household income. On all household income over £5,950 a year the rate should be 4%.0
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Don't forget - there were also limits set by the Bank of England/government on exactly how much building societies could lend - if you approached your building society at the wrong time, you could find yourself refused a mortgage because the building society had already allocated the available funds, or placed on a waiting list for a mortgage. I'm not sure when these rules were relaxed - but they existed well into the 1970s - maybe even later.
And guess what Osbourne announces major reform at Bank Of England to achieve not dissimilar ends.:rotfl::rotfl::rotfl:"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Depends on when they started saving. They both started work at 14. Mom probably saved a little but can't have been much during the war years. They were married for 11 years before buying.
In the interim they rented form BTL landlords too. Then council maisonette before buying. Dad was 35.
Fair enough. Saving from the age of 14 to 35 before buying is not something very many people would contemplate today. The expectations that have been set over the last 10 years are obviously much too high to think of that.0 -
Vincent_Buenisedes wrote: »I think that council tax should be replaced by a local tax on household income. On all household income over £5,950 a year the rate should be 4%.
Why £5950?
Surely that would mean state pension increase as well to compensate?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »And guess what Osbourne announces major reform at Bank Of England to achieve not dissimilar ends.:rotfl::rotfl::rotfl:
As some of us have been saying all along, what comes around, goes around!0
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