Hard up homeowners should be selling up.

Going4TheDream

Desperate_Housewife wrote: »

by investing in the future as per USa back in the 1920s, thats why they built the Hoover dam, to invest in jobs and kick start the economy.

I'm not saying labour are perfect and yes they made mistakes but at least they invested in the NHS which was on its last legs when the Tories finished with it...

Slightly different though as a lot of that back then was building infrastructure, which we have today....perhaps affordable homes would be a good place to start?

Jimmy_31

MrRee wrote: »

I'm sure those who claim to be very hard up (I have been bankrupt and penniless in my life) also smoke (I did when skint!) drink and go out for booze ups, they will have SKY TV and a SmartPhone (my phone cost me £3! on PAYG) - I am guessing that they drive a car and holiday abroad, there will be a 42" Plasma TV in the lounge and a Playstation3 sat on the mat.

I come from a time when being hard-up meant being hard-up .... today it simply means that you cannot send 500 texts a day or have that 12th pint down the club, or - heaven forbid - go on a 3 week trip to Ibiza!!

You really are a bit crap at the old guessing game aint you mr ree.

You are right about the driving thing though, have you ever tried to get a cement mixer and a pack of brick on 2 buses and a train.

MrRee_2

I'm spot-on ....... the days of something for nothing need to end.

homelessskilledworker

FTBFun wrote: »

I suspect the conversations referred to in the OP didn't actually happen. Or maybe I'm just being cynical?

Of course I did, and let me add to this "made up story" a little more that also might explain you deduction.

Pre 2007 the UK witnessed the biggest spending debt fueled binge in UK history, there has never been anything close to it.
The word of the day was MEW(mortgage equity withdrawl), live it up like the Beckhams, the credit card mantra "because you are worth it", the masses could not get enough of it. Holidays twice or even three times a year, eating out every night, flashy cameras TV music centres Ipods, two car familys, breast enlargements etc etc etc, get it all slung on the mortgage.

Roll on 2011, the lending has now stopped and the money needs to be repaid. Does the UK pull up its''s sleeeves and think what a great party we had and now it's pay back time.

NO!!!

What we are now getting is one big collective whinge, how none of it was of their own making. Forget about my tale if you will, even forget even of the stories of hardship and heartbreak I am sure all of you hear from day to day. Just turn on your TV today, endless stories of nasty Bailiffs, how inflation is killing them, nasty bosses, the immigrants, begging for interest rates to be kept low, the nasty bankers(was partly their fault I agree), without fail there is some reason on the news why IT WASN'T THEIR FAULT.

So in reply to some of you that said that it is their choice to struggle on, I have already stated that too. But what I would say is stop moaning about your debt fueled spending binge and get on with it, because I personally do not give a damm:)

Going4TheDream

homelessskilledworker wrote: »

Of course I did, and let me add to this "made up story" a little more that also might explain you deduction.

Pre 2007 the UK witnessed the biggest spending debt fueled binge in UK history, there has never been anything close to it.
The word of the day was MEW(mortgage equity withdrawl), live it up like the Beckhams, the credit card mantra "because you are worth it", the masses could not get enough of it. Holidays twice or even three times a year, eating out every night, flashy cameras TV music centres Ipods, two car familys, breast enlargements etc etc etc, get it all slung on the mortgage.

Roll on 2011, the lending has now stopped and the money needs to be repaid. Does the UK pull up its''s sleeeves and think what a great party we had and now it's pay back time.

NO!!!

What we are now getting is one big collective whinge, how none of it was of their own making. Forget about my tale if you will, even forget even of the stories of hardship and heartbreak I am sure all of you hear from day to day. Just turn on your TV today, endless stories of nasty Bailiffs, how inflation is killing them, nasty bosses, the immigrants, begging for interest rates to be kept low, the nasty bankers(was partly their fault I agree), without fail there is some reason on the news why IT WASN'T THEIR FAULT.

So in reply to some of you that said that it is their choice to struggle on, I have already stated that too. But what I would say is stop moaning about your debt fueled spending binge and get on with it, because I personally do not give a damm:)

Its easy to make a generalised statement like that but not every one has masses of debt, many have lost their jobs and been unable to secure another or seen a drop in their income in real terms through wage freezes and prices rise.

I hardly see that as their fault?

My wage increase this year of 2.5% (and I know I was fortunate to get one, and wasn't expecting it) along with the increase in personal tax allowance has been all but swallowed up by higher inflation and price rises.

Of course people are p!ssed off when they see their basic utility bills rise on average 18%. Fuel costs rise, food prices rise and their income stay the same.

homelessskilledworker

Going4TheDream wrote: »

Of course people are p!ssed off when they see their basic utility bills rise on average 18%. Fuel costs rise, food prices rise and their income stay the same.

And yet many of you on here brag and scoff when rent goes up.

Norfolk_Jim

I've certainly thought of selling the house to repay the debts that built up over the past decade or so for whatever reason good or bad. The problem is that as an employed person with children I still need somewhere to live. It appears that my mortgage payments are 50% of what the rent would be. Add on the debt repayments and its pretty much evens stevens, so at the moment I might as well stay put and make the payments, gambling I suppose that the value of the house won't go much lower. However, once the kids are grown up I may well sell up, in fact it will be a necessity as my income will fall considerably over the next few years and prices wont.
However, as I already live in one of the cheaper houses out there, unless I go for the trailer park option, theres limited scope for downsizing. But its better than living in the Congo or many other places