15 ways in which I am paying for a house for everyone except me

leveller2911

HAMISH_MCTAVISH wrote: »

All very true....

Explains a lot really.

Would you prefer a forum membership based in interlect Hamish? If so be careful what you wish for as you would be asked to leave soon after me.......;)

PasturesNew

Would you prefer a forum membership based in interlect

Interesting question

abaxas

HAMISH_MCTAVISH wrote: »

Well that's 2 minutes that I'll never get back.

What a steaming pile of rubbish....

Not being able to understand something , does not make it a 'steaming pile of rubbish'.

BristolBob

brit1234 wrote: »

http://www.adambetts.com/economics-101/15-ways-in-which-i-am-paying-for-a-house-for-everyone-except-me.aspx

Thank you. My wife and I appreciate your contribution. Do keep it up.

Wookster

chewmylegoff wrote: »

Can I recommend the ignore function? It works really well!

Hamish reads so much more coherent when on ignore.

FTBFun

What a load of whiney rubbish.

Graham_Devon

leveller2911 wrote: »

Don't forget Local Councils are acting as guarantors for FTB mortgages for 5yrs. Is it really what Local Councils should be doing with taxpayers money?.Just sums up the mess IMO.

"The Council is guaranteeing the bank/mortgage lender the difference between the 95% and 75% of the mortgage for an initial period of 5 years"

http://www.hastings.gov.uk/decisions_democracy/press_media/press_news/news/mortgage_scheme/

One council is trialling a scheme of loaning £5,000 to people who can't pay their mortgages too.

Could be rolled out to other councils if it's succesful, though no idea how they measure it's success. It's just giving taxpayer money to people who can't afford to pay their existing debts.

RUN_RABBIT_RUN

brit1234 wrote: »

The way to encourage the banks to lend more is to raise interest rates so more people save and they have more money to lend.

is that why banks aren't lending at the moment then brit?

brit1234 wrote: »

With out additional funds the banks can only lend to the safest borrowers.

i thought you didnt want a return to lax lending????

Loughton_Monkey

leveller2911 wrote: »

Can you please post evidence of the above for specific areas including Hastings and the Rother District?.

I don't mean national averages as any person with an average IQ would know that the housing market is area specific.

Thanks in advance..........

This can only be proved at the national level.

Hastings is well known as an area of phenominally specific house buying problems where every house costs £160,000, and every resident only earns 1/9th of this. Hence no-one in Hastings will ever buy a house again.

The rest of us in UK (ex Hastings) feel very sorry for your plight. If there are no buses or trains out of Hastings - into areas where house buying remains totally possible, then you must cry for help on all the social media you can. I'm sure someone will help you build tunnels to escape to the 'real world'.

If this doesn't work, just give me a shout. I know someone from the Camber Sands Liberation Army who might be able to airlift you out.

nollag2006

Is this the same brit1234 who proudly claims to live in government subsidised housing in Chelsea for only 350 quid per month?

Fully agree that this sort of rent subsidy from us ordinary taxpayers should be stopped immediately.