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RTB: Housing Question

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    Brown_Bear wrote: »
    The problem I see is that a lot of posters have been brainwashed by the mainstream media.
    They like to blame the working classes (who mostly have the option of using RTB) - whilst ignoring the fact that most of the problems in this country are due to the wealthy inheriting their money tax free without doing any real work at all.

    OP - ignore the posters who criticize you, whilst probably inheriting money themselves.

    BUT there are some good points about considering what happens in the future.

    Personally, I would be very cautious about using RTB in this situation - because it does put the house at risk of asset seizure if circumstances change.

    It's a difficult decision. There's no right or wrong answer.

    What else do you suggest people to do with their money after they die? Give it to the government? Or divvy it up among the masses of unemployed?
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Deleted_User wrote: »
    What else do you suggest people to do with their money after they die? Give it to the government? Or divvy it up among the masses of unemployed?
    isn't that the same thing? :)
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    Comms69 wrote: »
    isn't that the same thing? :)

    yes, pretty much :)
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Comms69 wrote: »
    isn't that the same thing? :)

    It’s like reading the daily mail on this thread!

    Can you please tell me what percentage of tax revenue gets spent on out of work benefits please?
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    onwards&upwards wrote: »
    It’s like reading the daily mail on this thread!

    Can you please tell me what percentage of tax revenue gets spent on out of work benefits please?



    Ooh what a mistake that was to make. You said 'out of work benefits.


    Well....


    "Spending on benefits administered by the Department for Work and Pensions (DWP) is expected to be about £171 billion in 2015/16 (23% of public spending), of which about £90 billion is expected to be paid out in the State Pension."




    Now that's not a full breakdown, but the state pension is an 'out of work benefit'...
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Comms69 wrote: »
    Ooh what a mistake that was to make. You said 'out of work benefits.


    Well....


    "Spending on benefits administered by the Department for Work and Pensions (DWP) is expected to be about £171 billion in 2015/16 (23% of public spending), of which about £90 billion is expected to be paid out in the State Pension."




    Now that's not a full breakdown, but the state pension is an 'out of work benefit'...

    So actually not even a quarter goes to unemployed people, much less if you don’t consider people past state retirement age to be ‘unemployed’, which of course hardly anybody does.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    onwards&upwards wrote: »
    So actually not even a quarter goes to unemployed people, much less if you don’t consider people past state retirement age to be ‘unemployed’, which of course hardly anybody does.

    ... not even a quarter- wow...

    You realise that is an unsustainable amount anyway.
  • Brown_Bear
    Brown_Bear Posts: 145 Forumite
    Comms69 wrote: »
    Ooh what a mistake that was to make. You said 'out of work benefits.


    Well....


    "Spending on benefits administered by the Department for Work and Pensions (DWP) is expected to be about £171 billion[/COLOR][/URL] in 2015/16 (23% of public spending), of which about £90 billion is expected to be paid out in the State Pension."


    Now that's not a full breakdown, but the state pension is an 'out of work benefit'...

    If that's only the DWP - then it won't include HB/LHA (which is paid by councils). I'd say HB/LHA is a large chunk of the benefits for people - including pensioners.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Brown_Bear wrote: »
    If that's only the DWP - then it won't include HB/LHA (which is paid by councils). I'd say HB/LHA is a large chunk of the benefits for people - including pensioners.

    Indeed... though there will be cross over with people who do work and claim a subsidy.
  • Brown_Bear
    Brown_Bear Posts: 145 Forumite
    Comms69 wrote: »
    ... not even a quarter- wow...

    You realise that is an unsustainable amount anyway.

    I don't see why it is not sustainable.
    Considering employment is officially quite high in the UK and the UK has not yet officially entered a recession - then it must be sustainable because it's only going to get worse once unemployment increases.
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