We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
'Legacy of Debt'
wymondham
Posts: 6,356 Forumite
Interesting article:
http://www.bbc.co.uk/news/uk-30773974
Warns of leaving a legacy of debt to our children, but oddly he does not mention the policies he has which keep house prices unaffordable and artificially high?
http://www.bbc.co.uk/news/uk-30773974
Warns of leaving a legacy of debt to our children, but oddly he does not mention the policies he has which keep house prices unaffordable and artificially high?
0
Comments
-
David Cameron the debt raising champion:
- Help to buy 95% mortgages on overvalued property.
- Huge student loans - £9000 tuition fees a year + living costs, food costs, books
- Destroyed savings rates around 0.5%
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
Warns of leaving a legacy of debt to our children, but oddly he does not mention the policies he has which keep house prices unaffordable and artificially high?
Policies such as MMR, affordability at 7% interest rates, capping of high income multiple loans, forcing lenders to hold more capital against high LTV loans?
Bursting the bubble does no favours for the UK lenders as a whole. One only has to look at Ireland for the impact of such a policy.
4 years isn't long in the general scheme of things.0 -
Thrugelmir wrote: »Policies such as MMR, affordability at 7% interest rates, capping of high income multiple loans, forcing lenders to hold more capital against high LTV loans?
Bursting the bubble does no favours for the UK lenders as a whole. One only has to look at Ireland for the impact of such a policy.
4 years isn't long in the general scheme of things.
However many times I see MMR mentioned on here, I still initially read it as "measles, mumps and rubella" and wonder for a few seconds what that's got to do with it before I remember what it also stands for.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
Thrugelmir wrote: »Policies such as MMR, affordability at 7% interest rates, capping of high income multiple loans, forcing lenders to hold more capital against high LTV loans?
Bursting the bubble does no favours for the UK lenders as a whole. One only has to look at Ireland for the impact of such a policy.
4 years isn't long in the general scheme of things.
Policies like MMR that were started under Brown's administration.....
You would think that the notion of living within one's means was something his party had practiced all its life. If you believe that public and private debt needs to be controlled fair enough, motherhood is I agree wonderful, but no party has a squeaky clean record on the subject. Collectively many businesses have been founded on excessive debt, many lifestyles have certainly been based on borrowing. So yes, the principle is fine but all the current political leaders have been tainted by supporting policies that have made debt acceptable.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
-
Thrugelmir wrote: »Wasn't made policy until 26th April 2014.
Rather late in the day. Considering Brown was aware of certain banks lending policies as far back as 2004.
True but it arose from a 2009 discussion paper by the FSA. Just saying Cameron did not invent the concept. As you say people knew something needed to happen many years before it happened. At least it was eventually introduced!Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards