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Immigrants & Benefits
Comments
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grizzly1911 wrote: »If they can't/won't repay or meet the interest charges as they fall due, under the terms of the loan, following due process they will lose that control.
It is academic and pedantic as you know what the gist of the point being made.
If I was mortgage free on a house worth £100k and took out a business loan for £40k secured against the property and the company venture went under and I couldn't pay back the £40k loan - they would be in their rights force a house sale to pay off their debt (just like a mortgage lender).
Does this mean that the person I borrowed the business loan from owns my house? No it doesn't. Any more than it means that mortgage lender owns the house.
What you have done is secure a loan against most people's largest asset.0 -
No further response?0
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gorgeyetsun wrote: »No further response?
We weren't talking business loans though.
We were talking near 1000% interest only mortgages.
You are splitting hairs ."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: »We weren't talking business loans though.
We were talking near 1000% interest only mortgages.
You are splitting hairs .
Who mentioned 'near 100%' mortgages? (let alone 'near 1000%' mortgages
). You've just introduced that, brand new, into the discussion.
Nice dodge by the way on the business loan example - you couldn't use logic against it so you've chosen to ignore it. The fact remains that if you take out any loan secured against your property, that doesn't mean the house then belongs to the lender.0 -
gorgeyetsun wrote: »Who mentioned 'near 100%' mortgages? (let alone 'near 1000%' mortgages). You've just introduced that, brand new, into the discussion.
Nice dodge by the way on the business loan example - you couldn't use logic against it so you've chosen to ignore it. The fact remains that if you take out any loan secured against your property, that doesn't mean the house then belongs to the lender.
See post 442 and read the caveats."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 -
Taking out a mortgage to buy a house = legitimate business transaction.
Giving 100K to someone, on the basis of a mysterious property investment scheme, where no property is ever bought and there is no intent to invest in property, and where there is no investment at all but just funds put in up front and "interest/dividends" are paid out from that initial capital...... = Ponzi.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Anyway enough of all this ponzi/pyramid/whatever - back to the subject in hand;
http://www.dailymail.co.uk/news/article-2268952/Thousands-Bulgarians-Romanians-plan-flood-UK-2014-employment-restrictions-relax.html
Work placement companies in those countries are already struggling to cope with the demand.
And the Government tries to tell us that it will be different this time because there are other choices?
They have been grossly wrong before.
And they are going to be grossly wrong this time.0 -
its a good thing that these immigrants are coming to share our country? They will need somewhere to live, medical attention, maybe? and places to eat, this will create jobs, and surely they all can't be wanting to be on benefit? have you tried living on £111 per week for a family? its existing, not living, so they will be working and contributing to our society, win win!
apart from that, think how our children will benefit from the exposure to different cultures and languages, its all good, open those gates!0 -
its a good thing that these immigrants are coming to share our country? They will need somewhere to live, medical attention, maybe? and places to eat, this will create jobs, and surely they all can't be wanting to be on benefit? have you tried living on £111 per week for a family? its existing, not living, so they will be working and contributing to our society, win win!
apart from that, think how our children will benefit from the exposure to different cultures and languages, its all good, open those gates!
Do you have children yourself?0
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