Man-Baby Tory MP Lives with Parents

thequant

"A Tory MP earning £77,000-a-year has revealed that he is still living with his parents because he cannot afford to buy a home."

http://www.dailymail.co.uk/news/article-3440327/Tory-MP-earns-74-000-year-plus-expenses-moves-parents-t-afford-deposit-London-house.html#comments

princeofpounds

He's aging badly for 28

chewmylegoff

So he has a room in his parents house as his constituency home - the article seems to be silent on his arrangements whilst in London. Presumably just renting a London flat on expenses where he probably spends 90% of his time.

CLAPTON

seems he was a primary school teacher until May 2015
and it appears he hasn't been able to save £90,000 in the last 8 months to put down as a deposit in London

mwpt

What do you guys have against saving money?

chewmylegoff

CLAPTON wrote: »

seems he was a primary school teacher until May 2015
and it appears he hasn't been able to save £90,000 in the last 8 months to put down as a deposit in London

If I could say that my parents' spare room in Stockport was my main residence and then my employer would pay me £20k a year tax free to pay the rent on a flat in London then I think I would probably refrain from buying even if I had £90k in the bank.

Clearly on £77kpa he could afford to buy at least a flat in Stockport very easily. However, if he did that he would have to pay the mortgage. His dilemma is that if he doesn't maintain a constituency home he cannot claim expenses to pay for a second home in London and he would have to pay for the London property himself.

A cynic might suggest that it might be interesting to see how many nights a year he spends at his "main residence".

Perhaps this is all within the "spirit" of the rules and he lives out of a travelodge in London 3 nights a week and spends the majority of his time posting on MSE about how house prices are going to crash from his parents' spare bedroom.

chucknorris

mwpt wrote: »

What do you guys have against saving money?

Only man babies save money, real men blow all their income on heroin, and inject it straight into their eye (with a dirty rusty needle).

PasturesNew

I don't see what's wrong with people living at their parents - at least they're not occupying valuable rental space.

And it's very MSE. No point giving a landlord the cash if there's no need to. You can't save if you're renting.

Aberdeenangarse

PasturesNew wrote: »

I don't see what's wrong with people living at their parents - at least they're not occupying valuable rental space.

And it's very MSE. No point giving a landlord the cash if there's no need to. You can't save if you're renting.

To fully understand how the OP ticks, you really need to read this thread.

https://forums.moneysavingexpert.com/discussion/3570527

Roger the Lodger

MARTYM8`

CLAPTON wrote: »

seems he was a primary school teacher until May 2015
and it appears he hasn't been able to save £90,000 in the last 8 months to put down as a deposit in London

Yes - and because he only earns £65,000 he would probably only get a £260,000 mortgage as well.

Perhaps he could purchase this delightful place in Barking for £250,000.

http://www.rightmove.co.uk/property-for-sale/property-39433875.html


When you see that place costs £250k you sort of see the problem.

thequant

Aberdeenangarse wrote: »

To fully understand how the OP ticks, you really need to read this thread.

https://forums.moneysavingexpert.com/discussion/3570527

Roger the Lodger

Aberdeen-!!!!, cyber stalking strangers on the internet again. I think you could do with some help, it's not healthy.