Bedroom Tax and kids living away??

nannytone_2

in my last posted i didnt intend to compare social to pribate renters.

more between renters and owner occupiers

mysterywoman10

nannytone wrote: »

in my last posted i didnt intend to compare social to pribate renters.

more between renters and owner occupiers

Yes that would make sense Nanny because people with mortgages are at an all time low in terms of repayment %

I remember the days when it was 15% !!

Although not an exact comparison because house prices have risen considerably in that time. Before I get jumped on just thought I would clarify that.

nannytone_2

honebuying will always be a risk. some people were lulled into a false sense of security and overstretched themselves.... encouraged by both the government and the lenders.

but those able to pay their mortgage will then have an asset.
something that renter will never have

mysterywoman10

nannytone wrote: »

honebuying will always be a risk. some people were lulled into a false sense of security and overstretched themselves.... encouraged by both the government and the lenders.

but those able to pay their mortgage will then have an asset.
something that renter will never have

Very true and many young familes are very over stretched I dread to think what will happen if interest rates rise!

We stil have a mortgage and the way things are going I doubt we will ever pay it off but you are very right we do have equity (although many do not) so we can downsize (which we are trying to do) and get rid of most of the mortgage which puts us at an advantage to those who have always paid their rent and find themselves in the same position.

bloolagoon

nannytone wrote: »

honebuying will always be a risk. some people were lulled into a false sense of security and overstretched themselves.... encouraged by both the government and the lenders.

but those able to pay their mortgage will then have an asset.
something that renter will never have

They have the additional income. Example from real life. My best friend has been in council rental for 20 years, the difference between her lower rent and my mortgage is £650 a month, add the buildings insurance, boiler repairs, reprinting, re roofing, new kitchens, new bathrooms, double glazing, plastering et all lets say £800 a month x 12 x 20 years. That is around £200,000 of unrealised assets with no risk, benefits when needed.

nannytone_2

my ex partner paid 28k for his 3 bed house 12 years ago. ( ex pit village so properties are still relatively cheap)
it is now worth about 80 - 85k and his moortgage is £260 a month.

there is no way that house prices will fall to the level that he would be in negative equity and his payments are far lower than any rent ( social or private) anywhere in the country



there are also terrible landlords in the private sector that dont even maintain their properties to a minimum stanfard

Dunroamin

nannytone wrote: »

i suppose at your age you would consider 18 months to be recent.

and i'm still getting used to it.
still regularly misjudge where i am exactly and walk into a very sharp corner, and the bathroom door can be particularly spiteful.

and that is considering that my sight has lessened sugnificantly SINCE i moved here.

At any age, 18 months is recent, it's certainly more recent than the announcement that this cut in benefits was happening!

Dunroamin

mysterywoman10 wrote: »

Well only because you raised DLA and your neighbor that's why I was a bit confused so yes it is relevant to the bedroom tax discussion because it primarily affects people or families with a disability.

Yes the thread has moved well away from it's original topic.

I agree that people in the private sector rented are just as hard hit, if not worse so as they are at the mercy of private landlords.

It doesn't primarily affect households where someone is disabled at the level to be able to claim benefits.

nannytone_2

Dunroamin wrote: »

At any age, 18 months is recent, it's certainly more recent than the announcement that this cut in benefits was happening!

and as i have said, i was 2 days away from being homeless.
it also isnt as easy to move areas as you think.
one of the questions you are asked is 'do you have links to the area you want to be housed in'
the link i have with this area is the fact i have lived here for 9 years.
i wouldnt even be regarded as having links to the place i originally came from as i moved away 9 years ago!

tou really will cluctch at any straw to try to justify your ridiculous comments wont you?

bloolagoon

nannytone wrote: »

my ex partner paid 28k for his 3 bed house 12 years ago. ( ex pit village so properties are still relatively cheap)
it is now worth about 80 - 85k and his moortgage is £260 a month.

there is no way that house prices will fall to the level that he would be in negative equity and his payments are far lower than any rent ( social or private) anywhere in the country



there are also terrible landlords in the private sector that dont even maintain their properties to a minimum stanfard

You are comparing historical data. To purchase now is the key factor. I pay £1200 per month on a modest property. My friend on same estate pays £650 pm less for an identical property.