House Price Crash Discussion Thread

MissMoneypenny

brit1234 wrote: »

:rotfl:

Look at EGG canceling credit cards to all the users with good credit history.

I got a cc with Egg at the end of last year. It's one of my stoozing ccs. I have a good credit history and haven't had a letter (yet).

brit1234

MissMoneypenny wrote: »

I got a cc with Egg at the end of last year. It's one of my stoozing ccs. I have a good credit history and haven't had a letter (yet).

http://news.bbc.co.uk/1/hi/business/7223813.stm

Fill your boots with the above. Radio 5 and LBC were full of listeners getting letters and good credit ratings.

wokka

Egg (Citibank - American Co) are just weeding out any customers they think may give them trouble in the future.
They can see who has paid late (even once) or gone over their credit limits.
Kind of trying to get their house in order... they know that a storm is a'coming.

IveSeenTheLight

MissMoneypenny wrote: »

However this time, there are far more BTLers, so more rental properties available.

And much less council houses as well.....
Not sure if there are less or more properties for rent than in 1990

MissMoneypenny

brit1234 wrote: »

http://news.bbc.co.uk/1/hi/business/7223813.stm

Fill your boots with the above. Radio 5 and LBC were full of listeners getting letters and good credit ratings.

That still doesn't read that "all" users with good credit history are having the cc cancelled by Egg. ie the husband and wife, where the wife had her card cancelled and the husband didn't.

It seems that some people are having their cards cancelled and those people say they have good credit history.

I still haven't had my egg cc cancelled yet and I have a very good credit history. I only took mine out at the end of last year, so perhaps that has something to do with it?

Generali

IveSeenTheLight wrote: »

And much less council houses as well.....
Not sure if there are less or more properties for rent than in 1990

IIRC, the proportion of OO : rented accomodation has remained broadly the same since the mid-80s (when right-to-buy dramatically increased levels of home ownership).

Within the rented sector, the proportion of public : private rentals has shifted quite dramatically.

It would be interesting to see how the rents are being paid - are the rents now being paid largely out of private money or is a large proportion welfare/HB.

I'll have to look into it I think, unless anyone else knows. Anyone?

MissMoneypenny

IveSeenTheLight wrote: »

And much less council houses as well.....
Not sure if there are less or more properties for rent than in 1990

Were there council house waiting lists in 1990s? If there were, then that would suggest that those house weren't available anyway in the 90s. And there does seem to be a lot of people jumped on the BTL waggon since then.

So hopefully, more houses for rent now, especially as a lot of the migrant workers will move on if things get bad over here. Unless a lot of BTLers are the ones having their BTLs and their own houses repossessed.

Generali

MissMoneypenny wrote: »

Were there council house waiting lists in 1990s? If there were, then that would suggest that those house weren't available anyway in the 90s. And there does seem to be a lot of people jumped on the BTL waggon since then.

So hopefully, more houses for rent now, especially as a lot of the migrant workers will move on if things get bad over here. Unless a lot of BTLers are the ones having their BTLs and their own houses repossessed.

There were big queues in the 1980s and 90s for council housing. And the same complaints about immigrants queue jumping.

MissMoneypenny

Generali wrote: »

There were big queues in the 1980s and 90s for council housing. And the same complaints about immigrants queue jumping.

So no spare councils houses then either. Our immigrant numbers seem to have grown since then and I assume this means, a greater number that can't house themselves.

John_Pierpoint

I thought municipal subsidised housing tends to be dished out on the basis of "need" these days; so a household with two healthy adults has no chance of ever getting to the top of the Q?