Are You Like Rosie

nemo183

Well, if he did, and Martin tried to explain the credit card system, I'm sure he'd be amazed that us consumers were dumb enough to sign up.

I'd whilst I'm on my soapbox, on the subject of student loans, isn't the whole point of this system is that us nice "Middle Class" parents, upon seeing their children graduate with a hugh mountain of debt, at the same time they are trying to get a foot on the property ladder, step in and try and help them.

So surely it will actually turn out in practice that "Student Loans" turn out in reality to be a sealth tax on guilty parents?

coggie2k

meanmachine wrote:

Coggie, why are you suddenly attributing comments made about Rosie Millard to yourself? I think Millard is damn lucky to have FOUR properties, two incomes WAY above the national average and yet still seems to think she's hard done by. Don't you?

My apologies, crossed wires, I agree selling aproperty at an overinflated price is greedy and well deserves a good financial slap. Looking in the papers in my locality the variation in price is massive! A house opposite where we are currently renting has dropped by nearly £20k as no one was even looking whilst a house in the next street went within a week of advertising!! Greed

Once again my apologies for my rant I didn't read things fully, I know I know, look before you leap....

I consider myself chastised

coggie2k

nemo183 wrote:

I'd whilst I'm on my soapbox, on the subject of student loans, isn't the whole point of this system is that us nice "Middle Class" parents, upon seeing their children graduate with a hugh mountain of debt, at the same time they are trying to get a foot on the property ladder, step in and try and help them.

So surely it will actually turn out in practice that "Student Loans" turn out in reality to be a sealth tax on guilty parents?

Not sure about stealth tax on parents, I have only just paid off my student and graduate loans (5 years) I could never have turned to my parents as they, and many other parents, are not earning sufficient to support me, themselves and pay for my debts. I have never seen my parents so proud as when I was firstly accepted then once I had graduated.

Surely scrapping student loans is the best way forward, we all pay taxes, and is it not better to have doctors, lawyers, engineers etc, that will all pay more tax as they all earn more. So in actuality no need for loans as the debt is paid whilst in employment.

Perhaps try scrapping loans etc for students studying real useful degrees that will enable them to gain employment following completion of the course, then those who wish to while away their youth in education can pay for it themselves?

surfcat

...perhaps if middle class parents weren't buying up property as BTL then it would be a whole lot easier to get on the property ladder anyway?.

nemo183

Well, I agree with you both. We all benefit from having a good education system, and surely the best way to fund this is via general taxation. Plus I'm not sure if there are enough jobs for graduates when we reach the objective of 50% of students getting degrees.

With regards to property values, it seems to me that we're just kidding ourselves - we all need to live somewhere, and current values just seem to tie up capital which could be invested better in other areas of our lives - and at the same stop our children buying their own homes.

As for buy-to-let, if another person tells me how clever they are being in investing in this area instead of their pension I shall scream - and this from someone who previously was an Equitable Life policy holder................

ceegee

What really, really pees me off about BTL is that it has taken the smaller, cheaper houses off the market and left hardly anything for the first time buyers to buy. I think it is greed on the part of the people who buy them. I feel so desperately sorry for the youngsters who have no hope of getting their feet on the housing ladder.

I know that I have probably stuck my head above the parapet in saying that and my head may well be blown off, but c'est la vie! :silenced:

calleyw

I read in a sunday paper a few months ago not sure if it was true but a married couple who where teachers had 500 rental properties between them :eek:

And they say that teachers are poor

No wonder people can't afford to buy, I sold recently a 1 bedroom flat for just shy of £100K.

Even with both of us working we would have just managed to buy it. But how does a single person do that.

We have moved up the chain to a 3 bedroom house. But that is only because of all the equity in the flat we had, a small inheritance and savings.

As we would never had been able to move.

Yours

Calley

Big_Nige

ceegee wrote:

I use my credit card for everything I possibly can and pay it off in full each month. It is a Goldfish card and I get "points" which I can redeem for Asda vouchers which go towards my grocery shopping. I am not in debt, just got 8 years left on the mortgage (I understand that the word "mortgage" comes from the French words for "debt" and "death"!). I keep track of every penny I spend by entering everything into a 59p cash book. I am an exceedingly sad person!:o But it shows that a credit card can be good if it is used properly. It also means that my money stays in my bank account for longer and earns me a couple of quid each month. :j


Who is the Rosie in the thread title, BTW?

I believe that the term mortgage comes from latin for mort, meaning death & gage (pronounced gag-gay) meaning grip. So a mortgage is a death grip...Nuff said.