Credit used for rent of mortgage

homelessskilledworker

http://uk.news.yahoo.com/credit-used-rent-mortgage-000505180.html


One in seven Britons has turned to credit such as a payday loan or unauthorised overdraft to help cover their rent or mortgage in the last year, a study from Shelter has found, as the charity warned that relying on such methods could lead to people losing their homes...........................

homelessskilledworker

And if things wre not bad enough for some people..........

http://uk.news.yahoo.com/families-bear-austerity-burden-000505506.html



I was at a News eve party close to St Catherines dock after spending the day around various places around the southbank, one of the things that really supprised me was how flush a certain group of people still are.

I am not just talking about city types, but also well off professionals who have not really got their fingers dirty like the city types, but from what I can see are not really sharing the burden that David Cameron claims they are.

There is a lot of money out there in a sizable minoritys pocket who have got away with murder.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

a study from Shelter .

Shocker.

A vested interest organisation releases "data" that supports it's interests.

Whatever next?

Generali

homelessskilledworker wrote: »

I was at a News eve party close to St Catherines dock after spending the day around various places around the southbank, one of the things that really supprised me was how flush a certain group of people still are.

I am not just talking about city types, but also well off professionals who have not really got their fingers dirty like the city types, but from what I can see are not really sharing the burden that David Cameron claims they are.

There is a lot of money out there in a sizable minority's pocket who have got away with murder.

What's your solution? Doctors, lawyers and accountants jobs that very few can do or are prepared to put the effort in to learn. As a result, they can command very high wages because they are very hard to replace.

You could try cranking up income taxes again but that didn't work so well in the 1970s as people doing those sorts of jobs can, for the most part, do them anywhere and are quite prepared to do so.

I met a very affable chap a couple of years ago who was accounting his way around the world. He rocked up in Sydney (from Singapore IIRC), got a hotel room and was working within a couple of days. Not earning megabucks but earning a fair bit more than me and I do ok. His logic was he could work anywhere he wanted; they are even short of accountants in Antarctica! Why not give it a bash?

You might find that if you tax mobile skilled people that they leave and take their valuable skills with them.

RenovationMan

I regularly get accosted by shelter's paid representatives on the way to work but brush them off because they're pushy and because I'm busy going to work, I often see them talking to the loafers who hang around Manchester City Centre while the rest of us are at work.

Shelter are well known to extrapolate up to a national scale from a very small sample, which is often skewed as above. While I am sure that there are people in financial difficulties, after all we are in austere times, I struggle to believe that 25% of the population is using payday loans to cover their rent/mortgages. I think you have to take their results with a pinch of salt.

EDIT: I went onto their website:

"A YouGov survey for Shelter in December 2011 asked 4,014 people in Great Britain if they had used payday loans, unauthorised overdraft, other loan or credit cards to help pay their rent or mortgage in the last 12 months."

One in seven respondents (15%) who took part said yes, representing a national figure of almost seven million people, with almost one million people using payday loans."

So they queried 4014 people and extrapolated the figures to cover 60odd million.

Generali

RenovationMan wrote: »

I regularly get accosted by shelter's paid representatives on the way to work but brush them off because they're pushy and because I'm busy going to work, I often see them talking to the loafers who hang around Manchester City Centre while the rest of us are at work.

Shelter are well known to extrapolate up to a national scale from a very small sample, which is often skewed as above. While I am sure that there are people in financial difficulties, after all we are in austere times, I struggle to believe that 25% of the population is using payday loans to cover their rent/mortgages. I think you have to take their results with a pinch of salt.

EDIT: I went onto their website:

"A YouGov survey for Shelter in December 2011 asked 4,014 people in Great Britain if they had used payday loans, unauthorised overdraft, other loan or credit cards to help pay their rent or mortgage in the last 12 months."

One in seven respondents (15%) who took part said yes, representing a national figure of almost seven million people, with almost one million people using payday loans."

So they queried 4014 people and extrapolated the figures to cover 60odd million.

That's just how statistics and surveys work though. 4014 should be a statistically valid sample to look for 15% (ie 600 people). As long as the sample is sound of course but yougov seem to be a credible organization.

michaels

No mention to what extent the figures in the article are skewed by higher rate taxpayers losing child benefit though - in other words is it really 'the needy' as the articale makes out who will be losing out or the middle classes?

homelessskilledworker wrote: »

And if things wre not bad enough for some people..........

http://uk.news.yahoo.com/families-bear-austerity-burden-000505506.html



I was at a News eve party close to St Catherines dock after spending the day around various places around the southbank, one of the things that really supprised me was how flush a certain group of people still are.

I am not just talking about city types, but also well off professionals who have not really got their fingers dirty like the city types, but from what I can see are not really sharing the burden that David Cameron claims they are.

There is a lot of money out there in a sizable minoritys pocket who have got away with murder.

HAMISH_MCTAVISH

Generali wrote: »

That's just how statistics and surveys work though. 4014 should be a statistically valid sample to look for 15% (ie 600 people). As long as the sample is sound of course but yougov seem to be a credible organization.

It should be.

If it's genuinely a representative and random sample base as is used for political polling, and not one of yougov's self-selecting online samples used for consumer polling.... (Do we know which, BTW?)

But Shelter take an extrapolation of that already questionable data straight up to society as a whole, ignoring the fact that a third of households, and half of people, have no rent or mortgage to pay at all.

When you're going to make such basic (or disengenious, take your pick) errors then the whole things lacks credibility.

Thrugelmir

homelessskilledworker wrote: »

I am not just talking about city types, but also well off professionals who have not really got their fingers dirty like the city types, but from what I can see are not really sharing the burden that David Cameron claims they are.

There is a lot of money out there in a sizable minoritys pocket who have got away with murder.

Perhaps some people manage their finances well, and treat themselves to a special night out once a year.

FTBFun

wotsthat wrote: »

On local radio this morning on the way to work.

"300,000 people in the East Midlands use credit cards or payday loans to pay rent or mortgage".

Do journalists question nothing?

Yes.

It's not called churnalism for the hell of it.

Crash_Over

The thought occurs that a poster calling themselves 'homelesssklilledworker' is indeed a member of shelter.

Most skilled people I know are not homeless. Perhaps HSW should apply themselves more vigorously.