Help To Buy - Overwhelmingly popular with voters

thor

Thrugelmir wrote: »

Unsure why you consider debt and the payment of interest to be "wealth".

Ok, I'm not going to look up the official definition of 'wealth' instead will reword:

"there has been a money transfer from savers to borrowers"
Borrowers are paying less while savers are getting less.

Tancred

HAMISH_MCTAVISH wrote: »

http://www.rightmove.co.uk/news/articles/property-news/never-mind-the-critics-help-to-buy-hits-home-with-public

:beer:

Shows how thick people are. This isn't free money - it has to be paid back!

JencParker

HAMISH_MCTAVISH wrote: »

Doesn't change the fact that....

Of course it won't. What young person would want to be lining the pockets of greedy landlords while having only short term temporary security over where they live (not to mention lining the pockets of estate agents with their ridiculous charges).

House buying is always going to be the preferable all the time there is BTL and no rent control.

CLAPTON

JencParker wrote: »

Of course it won't. What young person would want to be lining the pockets of greedy landlords while having only short term temporary security over where they live (not to mention lining the pockets of estate agents with their ridiculous charges).

House buying is always going to be the preferable all the time there is BTL and no rent control.

A lot of young people starting out are very willing to rent a property while they are establishing themselves in their career and enjoy a life style very different to property ownership.


I believe many of them also line the pockets of greedy cloths shop owners and greedy restaurent owners and line the pocket of greeey airlines compnaies and line the pockets of greedy pubs owners and greedy hotel owners and greedy supermarket companies and ...............

JencParker

CLAPTON wrote: »

A lot of young people starting out are very willing to rent a property while they are establishing themselves in their career and enjoy a life style very different to property ownership.


I believe many of them also line the pockets of greedy cloths shop owners and greedy restaurent owners and line the pocket of greeey airlines compnaies and line the pockets of greedy pubs owners and greedy hotel owners and greedy supermarket companies and ...............

It depends on the definition of young, but, of course, when starting out, many will rent. But in the SE and London, the cost of renting on average wages does not allow saving anywhere near what would be required to buy.

CLAPTON

JencParker wrote: »

It depends on the definition of young, but, of course, when starting out, many will rent. But in the SE and London, the cost of renting on average wages does not allow saving anywhere near what would be required to buy.

what is the average wage in london?
what does a flatshare room cost in London?
what is the cost of cheapest flat in London?

Graham_Devon

CLAPTON wrote: »

what is the average wage in london?
what does a flatshare room cost in London?
what is the cost of cheapest flat in London?

Theres a problem here though, surely?

You ask for the average wage, and then ask for cost of the absolute lowest of the low when it comes to living costs.

It shouldn't really be like that. Otherwise, what should those on lower than average wages (for example, a newly qualified nurse) be looking to achieve? A hostel?

CLAPTON

Graham_Devon wrote: »

Theres a problem here though, surely?

You ask for the average wage, and then ask for cost of the absolute lowest of the low when it comes to living costs.

It shouldn't really be like that. Otherwise, what should those on lower than average wages (for example, a newly qualified nurse) be looking to achieve? A hostel?

We are talking about young people; they typically don't earn average wages and they typically flat share espeically in the SE.

Now I know several recently qualified nurses in London and they flat share; that's quite normal.

What point are you making?

the_flying_pig

Graham_Devon wrote: »

Theres a problem here though, surely?

You ask for the average wage, and then ask for cost of the absolute lowest of the low when it comes to living costs.

It shouldn't really be like that. Otherwise, what should those on lower than average wages (for example, a newly qualified nurse) be looking to achieve? A hostel?

tent. possibly a waterproof one if they have help from BOMAD. that's certainly what the boomer generation had to put up with.

ukcarper

pqrdef wrote: »

On which planet? When I were a lad, the majority of the population couldn't have got their hands on a cheque book, let alone a mortgage. You couldn't get a sofa or a TV on HP without putting a third down.

And if you could get a mortgage at all, the top limit was 2.5 times one salary - wife's earnings didn't count.

When was that I got a 90% mortgage and a lot more that 2.5x my salary in 1972.