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Paying the mortgage

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Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You carefully selected 1997 to make your point. Here is the complete story:

    UK_house_prices_adjusted_for_inflation.png

    Prices have rocketed to unaffordable multiples of the average salary, making it extremely difficult to save up for a deposit and afford a mortgage.

    True because that was the end of that Tory Government.
  • That government set things up for the massive boom. You can see it starting at the end of the 80s, but of course their incompetence caused a massive crash and recession. In order to get re-elected New Labour had to carry on with this disastrous policies.

    The Boomers got rich and pulled up the ladder after themselves, leaving the rest of us to suffer and pay their pensions.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That government set things up for the massive boom. You can see it starting at the end of the 80s, but of course their incompetence caused a massive crash and recession. In order to get re-elected New Labour had to carry on with this disastrous policies.

    The Boomers got rich and pulled up the ladder after themselves, leaving the rest of us to suffer and pay their pensions.

    Could you explain how they did that.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ukcarper wrote: »
    Could you explain how they did that.
    Stopped building council houses during the 80s? Pent up demand that was and will not be satisfied by developers building for private/mortgaged/owner occupiers?
    "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 Muruganantham
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 23 July 2013 at 10:26PM
    Stopped building council houses during the 80s? Pent up demand that was and will not be satisfied by developers building for private/mortgaged/owner occupiers?

    Are you saying that was the boomers fault I thought it was Maggie's .
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ukcarper wrote: »
    Are you saying that was the boomers fault.

    No merely suggesting why a poorly thought out policy led to high demand and hence higher prices with insufficient supply.

    I don't believe the "boomers" set out to sabotage those younger than themselves on any front. They just happened to be around at the time getting on with their lives, playing their hand with cards dealt.
    "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 Muruganantham
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    JencParker wrote: »

    So you sold a fairly average house (300k doesn't get you a lot in the SE) to a couple who were in the top 5% of earners?

    Top 5% of earners - jenc you are living in fantasy land. I continuously meet completely average worker couples pulling in £70-100k.
    Please don't fall for official stats.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Conrad wrote: »
    Top 5% of earners - jenc you are living in fantasy land. I continuously meet completely average worker couples pulling in £70-100k.
    Please don't fall for official stats.

    You do.

    But it appears from your posts on here the majority you meet are on the fiddle.

    Why the all these taxi drivers taking cash and fiddling their expenses land on your doorstep, pretending to earn 15k a year when they earn 55k a year is a mystery...
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    edited 24 July 2013 at 11:48AM
    You do.

    But it appears from your posts on here the majority you meet are on the fiddle.

    Why the all these taxi drivers taking cash and fiddling their expenses land on your doorstep, pretending to earn 15k a year when they earn 55k a year is a mystery...


    What about all the ordinary London and shires couple I meet pulling in £70-£100k as employed couples?


    As to people on the fiddle, aren't they just maximising their position in the same way middle class life privileged BBC employees saw fit to extract massive golden goodbyes or life privileged surgeons choose to spend some of their time in private fee collecting activity whilst at the very same moment some poor sod needs urgent NHS cancer surgery?

    Kirsty Wark nicked £400k of tax payers money for 2 weeks consultancy work on the scots parliament building. Absolutely disgraceful immoral behaviour on so many levels and yet she is somehow above any morality test because she's a member of the elite. Good on the cabbies trying to provide their own children with about a tenth of what Kirsty Wark enjoys (let alone her partners income).

    I know which I find more immoral and abhorrent.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Conrad wrote: »
    What about all the ordinary London and shires couple I meet pulling in £70-£100k as employed couples?


    As to people on the fiddle, aren't they just maximising their position in the same way middle class life privileged BBC employees saw fit to extract massive golden goodbyes or life privileged surgeons choose to spend some of their time in private fee collecting activity whilst at the very same moment some poor sod needs urgent NHS cancer surgery?

    Kirsty Wark nicked £400k of tax payers money for 2 weeks consultancy work on the scots parliament building. Absolutely disgraceful immoral behaviour on so many levels and yet she is somehow above any morality test because she's a member of the elite. Good on the cabbies trying to provide their own children with about a tenth of what Kirsty Wark enjoys (let alone her partners income).

    I know which I find more immoral and abhorrent.

    Genuine respect that you don't even deny that your clients are on the fiddle.

    Bit risky though stating on a public forum though isn't it considering this is your livlihood?
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