Britons forced in to 'modern day slavery' by soaring house prices!!

meanmachine_2

keeperbear wrote: »

What a load of Daily Mail tosh! I had a massive mortgage at an interest rate of 15% in the 1990s. Rather than becoming a "slave" to the system, I tried very hard to overpay my mortgage. Guess what? I am now mortgage free, enjoy substantial spending power and have loads of equity.

Everyone is broke when they first buy a house, but it doesn't make you a slave unless you build up additional debt and cripple yourself making the payments. A FTB must make sacrifices in their lifestyle, but many don't want to.

You don't know the first thing about economics.

The best time to take on debt is when interest rates are high.

The WORST, i repeat, the WORST time is when IRs and inflation are low.

In a low wage inflation economy a massive mortgage is going to stat massive for a very long time.

Can you understand that? You buy when house prices are low, but IRs high, then they fall from 15% to 5% and of course you're going to think you're a genius.

Trying buying when house prices are astronomical, and IRs are RISING.

Totally different scenario. Go back to your baby boomer fantasy world.

FRUGAL_4

before_hollywood wrote: »

is what your saying that because your daughter is a keyworker she should get her house subsidised and all the other first time buyers can rot in hell cos they don't teach???

if thats the case then with all due respect go to pc world and buy yourself a new keyboard cos that ones posting bulls**t

everyone with a full time job is a keyworker, being a teacher doesn't make you into some salt of the earth middle class untouchable you know, ask around on the forum- what do people do? i for example work in customer support for a technology company, if people who do what i do for a living stopped doing our job you would soon notice but i earn a lot less than a teacher (overpaid imo) and guess what i could make just as much use of a house as your daughter, if your daughter struggles how do you think the rest of us are going to do???

if you have a full time job and are a paying tax, you are a keyworker, it isn't any more key if it is for the council or the government :rolleyes:

Well said, teachers today are not what they used to be, I have two children at a junior school, they are not corrected on their spelling and not read too either, when I was at school 25 years ago, one teacher managed to get 30 children to read all by themselves, teachers imo are overpaid today, and no way on this earth should anyone be more entitled to housing than another person, and by the way OP whats wrong with your daughter living in the locality of her students, she needs to lower her standards a wee bit..I don't like snobs!

before_hollywood

FRUGAL wrote: »

Well said, teachers today are not what they used to be, I have two children at a junior school, they are not corrected on their spelling and not read too either, when I was at school 25 years ago, one teacher managed to get 30 children to read all by themselves, teachers imo are overpaid today, and no way on this earth should anyone be more entitled to housing than another person, and by the way OP whats wrong with your daughter living in the locality of her students, she needs to lower her standards a wee bit..I don't like snobs!

when i was at school, my science teacher lived (and still lives) at the end of my street, deputy head round the corner and cdt teacher lived further down my street, could guarantee that no matter where in town you lived there was a teacher no more than about 5 mins walk from your house :eek: although i always won with 3 with houses within sight of my front garden

Melissa177

zappahey wrote: »

Has it? As a public sector worker, I'd like to see it

Around 2000-2002 it was tracking at about 5.8%, way over CPI. Then it settled at around 4% for a few years, and is now dropping.

I don't have a problem with public sector workers being paid commensurately, but they do get other perks like getting to leave on time in an evening, and getting good pension benefits.

dannyboycey

andipandi wrote: »

warp back to 79 and stop the legislation that enabled people to purchase their council homes

She's been gone years, but Thatcher is still screwing this country. I don't think we'll ever recover from the utter mess that she made.

Mind you, the current government isn't helping matters with ridiculous shared ownership schemes, an inadequate amount of new housing and opening the flood gates to immigrants.

In a nutshell, we are in a complete mess in this country with regards housing. The coming crash will go some way to redress the balance but we need substantial drops in prices (40% +) to get back to a more sensible economic situation - unfortunately, that wont happen overnight. The bottom is not likely to be reached for as much as 10 years.

dannyboycey

FRUGAL wrote: »

Well said, teachers today are not what they used to be, I have two children at a junior school, they are not corrected on their spelling and not read too either, when I was at school 25 years ago, one teacher managed to get 30 children to read all by themselves, teachers imo are overpaid today, and no way on this earth should anyone be more entitled to housing than another person, and by the way OP whats wrong with your daughter living in the locality of her students, she needs to lower her standards a wee bit..I don't like snobs!

ABSOLUTE RUBBISH! My partner is a teacher - she starts work at 7am, gets home at 6, has dinner, then works till midnight (6 days a week - and through her 'holidays'). Overpaid!! £23k a year for those hours, and putting up with a barrage of abuse from unnapreciative, horrible kids everyday. Teachers do not have the power to discipline children anymore. It is not their fault - they have to walk on eggshells for fear of being called a paedophile, an abuser or a rascist. The balance of power is weighed on the side of the students and that is wrong.

Generali

dannyboycey wrote: »

She's been gone years, but Thatcher is still screwing this country. I don't think we'll ever recover from the utter mess that she made.

Mind you, the current government isn't helping matters with ridiculous shared ownership schemes, an inadequate amount of new housing and opening the flood gates to immigrants.

As opposed to the wonderful legacy 40 years of Socialism gave to us before that:

Dennis Healey going cap-in-hand to the IMF

Bodies lying unburied and Leicester Square waist high in rubbish because the unions were holding us to ransom again

Top tax rates of 95+%

Nationalised industries meaning it took months to get a new phone line

The closed shop meaning that if you didn't want to join the union (or got booted out of the union for not wanting to strike) you got fired

People that blame Thatcher for the woes of this country have got a very shakey grasp of history.

Melissa177

dannyboycey wrote: »

She's been gone years, but Thatcher is still screwing this country. I don't think we'll ever recover from the utter mess that she made.

I guess you don't remember the mess we were in beforehand.
:cool:

Melissa177

dannyboycey wrote: »

ABSOLUTE RUBBISH! My partner is a teacher - she starts work at 7am, gets home at 6, has dinner, then works till midnight (6 days a week - and through her 'holidays'). Overpaid!! £23k a year for those hours, and putting up with a barrage of abuse from unnapreciative, horrible kids everyday. Teachers do not have the power to discipline children anymore. It is not their fault - they have to walk on eggshells for fear of being called a paedophile, an abuser or a rascist. The balance of power is weighed on the side of the students and that is wrong.

That is a massive problem - teachers don't have any power over unruly kids today, lest they get accused of abusing them. I read a shocking statistic that around 20% of teachers are accused by their pupils of assaulting them - and 98% of the allegations are false.

18-19 years ago, I had a really rubbish teacher at primary school. She would mark my work wrong when it was right, and complain when I used "advanced techniques" to solve problems (I was a precocious mathematician as a child!). I had other teachers who were great. As always, you're going to get good teachers and bad teachers.

wecanhelpu

Melissa177 wrote: »

I guess you don't remember the mess we were in beforehand.
:cool:

Given what you have said in your post after this one -

I doubt whether you remember either