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Corbynomics: A Dystopia
Comments
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About 75% of the country has very affordable (mortgage interest costs less than renting off the council poor list) homes and a sufficient number of homes.
Agreed 100%. Daughter bought an OK 3-bed semi in Nottingham a year ago and her mortgage interest is <£200 pcm. Renting a room to just one lodger lets her cover this easy while living rent free, and renting out two rooms lets her make large repayments (and also to still live rent free.)
OK, she got lucky regards deposit etc. (she has a good investment manager!) but where there's a will, and all that.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
TrickyTree83 wrote: »One person's unfairness is another persons fairness.
Exactly, which is why people need to define their terms when using such a vague word.
The other one that people throw around is "the rich". The who? Who exactly do you mean? What's your definition?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »It's a massive issue.
Read this, but do keep reading to the bottom.
https://www.theguardian.com/society/2016/jan/07/number-of-unbuilt-homes-with-planning-permission-hits-record-levels-lga-says
Fair enough but it does nothing about the shortage of social housing.
I would also argue that the governments definition of 'affordable housing' is affordablle. 'These so called 'affordable' houses are unaffordable for an increasing number of people.[/QUOTE]Do not be fooled into believing that this society cannot be made fairer because hard work isn't necessarily all it takes.
There are those on MSE DT who know the price of everything but the value of little.0 -
gadgetmind wrote: »The other one that people throw around is "the rich". The who? Who exactly do you mean? What's your definition?
Critical thinking at its finest. :T0 -
gadgetmind wrote: »Agreed 100%. Daughter bought an OK 3-bed semi in Nottingham a year ago and her mortgage interest is <£200 pcm. Renting a room to just one lodger lets her cover this easy while living rent free, and renting out two rooms lets her make large repayments (and also to still live rent free.)
OK, she got lucky regards deposit etc. (she has a good investment manager!) but where there's a will, and all that.
We bought in 2015 a two-bedrooom semi detached bungalow with a garage and large garden in a nice part of Wolves for £138k.
My son's decent-sized two bed flat with garage in a nice part of Wolves cost £65k in 2012 and last year I bought a year-old two bedroom flat with ensuite and a parking space in an OK area for £85k.
We don't all have London prices.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
gadgetmind wrote: »Things that will benefit businesses and so create jobs and prosperity, and the investment should be aimed primarily at deprived areas. It's also good if this investment can help people more from the public sector to the private sector.
This is how the European Regional Development Fund works, but it's a trifle heavy on the red tape!
I repeat, Invest in what specifically?
We are not eastern Europe we have very good connectivity (road rail airports ports) and very good utilities. What is it the government needs to 'invest in' which is actually them saying 'build'.0 -
TheNickster wrote: »'These so called 'affordable' houses are unaffordable for an increasing number of people.
United Kingdom housing affordability as described by mortgage payments as a percentage of take home pay from 1983 to 2015
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
And this is also worth reading to understand why it's planning permission that's the problem. Even Shelter agree!
https://en.wikipedia.org/wiki/Affordability_of_housing_in_the_United_Kingdom#Impact_of_planning_restrictions_on_house_pricesI am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Agreed 100%. Daughter bought an OK 3-bed semi in Nottingham a year ago and her mortgage interest is <£200 pcm. Renting a room to just one lodger lets her cover this easy while living rent free, and renting out two rooms lets her make large repayments (and also to still live rent free.)
OK, she got lucky regards deposit etc. (she has a good investment manager!) but where there's a will, and all that.
One swallow doe not make a summer.
If there is enough affordable housing being built why is home ownership falling and not just in London. In Manchester it has fallen from (if memory serves) from 72% down to 59% and in at least 2 other areas away from the SE it has fallen almost as much.Do not be fooled into believing that this society cannot be made fairer because hard work isn't necessarily all it takes.
There are those on MSE DT who know the price of everything but the value of little.0 -
gadgetmind wrote: »United Kingdom housing affordability as described by mortgage payments as a percentage of take home pay from 1983 to 2015
So basically, we've had our house price crash, except it was just the monthly affordability which crashed, due to the lowering of mortgage rates.0
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