Interest rates up 0.5%!

[TWGL1]

Re: Interest rates up 0.5%!

Why do you peddle this rubbish ? Labour were in power from 1997 to 2010 and wrecked the economy. Blame them. Its taken the last 12 years to try to recover from what they did and now we have had a pandemic to deal with and Ukraine war as well. Employment and tax revenues are at record highs anyway.

You can buy 1 , 2 or 3 bedroom properties in Bargoed , Merthyr, Nelson between £70,000 - £120,000. In line with 1980’s prices.

Depends where you wish to live I guess and what you’re looking for

[North Cardiff Blue]

Re: Interest rates up 0.5%!

You can buy 1 , 2 or 3 bedroom properties in Bargoed , Merthyr, Nelson between £70,000 - £120,000. In line with 1980’s prices.

Depends where you wish to live I guess and what you’re looking for

Great point and possible more affordable than many years ago?

[Eric Cartman]

Re: Interest rates up 0.5%!

I'm not aware of that. Any examples?

You are not aware of the well memed favourite Tory phrase/get out clause of 'the last labour government'?

[TWGL1]

Re: Interest rates up 0.5%!

Great point and possible more affordable than many years ago?

Yes , in relative terms much more affordable with help to buy and the fact that mortgage companies take some means tested benefits into the affordability test.

The Doucas poster must be looking in North Cardiff

[ABLUEBIRD]

Re: Interest rates up 0.5%!

How the heck do you know ? You can buy a new 2 bed just outside Cardiff for £250k A 90% mortgage will cost you £1100. You can get mortgages from practically everywhere - the Govt. will even chip in. I had to do odd jobs, save for 3 years with one of only 3 or 4 places you could get a mortgage - then once I'd saved up with them I had an 'interview' . No furniture/carpets, no white good. I had F. all. In those days you just went out and got on with it. Not a penny from my folks, and I didn't expect it either..

These youngsters could always buy a house up the valleys if they really wanted to get on the ladder,plenty going for less £100,000. And these youngsters can afford it just get rid of their Netflix, top mobile phone contract, Sky, holidays etc. etc but they would rather moan than actually do any of the above.

[Citizen's Nephew]

Re: Interest rates up 0.5%!

Eh! The Tories didn't gain power until 2 years after the 2008 crisis; austerity came much later. I agree that was a very poor policy. We should have been expanding the economy and not reducing it. The argument that there was no money was clearly incorrect as £405bn was found to pay for COVID.

I know this. My point was when the Tories formed a coalition with the Lib Dems in 2010 the conservative narrative that Labour f*cked the economy and there was no money was created as means of justifying the austerity ideology and Labour were too weak and apologetic instead of fighting that narrative. Had they done so effectively, we still wouldn't have this nonsense that they were totally responsible for 2008 still peddled even today in this thread. So, we're actually in agreement, I think, though I can never really tell on CCMB.

[Vindec]

Re: Interest rates up 0.5%!

I know this. My point was when the Tories formed a coalition with the Lib Dems in 2010 the conservative narrative that Labour f*cked the economy and there was no money was created as means of justifying the austerity ideology and Labour were too weak and apologetic instead of fighting that narrative. Had they done so effectively, we still wouldn't have this nonsense that they were totally responsible for 2008 still peddled even today in this thread. So, we're actually in agreement, I think, though I can never really tell on CCMB.

I refer to my comment on Page 1 of this thread as follows:

In answer to Eric's comment - labour did not ruin the economy. It was World factors including a virtual collapse in the Banking system internationally. Labour got the blame for the financial crisis in 2008 but later detailed analyses showed that the problems experienced were due to factors completely outside their control. Again the country is in a growing financial mess due to factors outside governmental control such as COVID fallout and the war in Ukraine (which alone adds around 13% to inflation). It's going to be rough for the next few years.

[Vindec]

Re: Interest rates up 0.5%!

You are not aware of the well memed favourite Tory phrase/get out clause of 'the last labour government'?

Sorry. I'm none the wiser especially as I asked for specific examples. Anything done or said in response to a Labour government is so irrelevant as it was so long ago.

[Citizen's Nephew]

Re: Interest rates up 0.5%!

Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

It's shameful the way comfortably off people talk down to younger people today or people on benefits or the disabled. It's unhelpful and they're in denial, in exactly the unforgivable way they've been in denial about f*cking up the environment.

I still cite record billion$ profits by Big Oil. It's still going on. They're still f*cking it up.

[Nobody's Rep]

Re: Interest rates up 0.5%!

These youngsters could always buy a house up the valleys if they really wanted to get on the ladder,plenty going for less £100,000. And these youngsters can afford it just get rid of their Netflix, top mobile phone contract, Sky, holidays etc. etc but they would rather moan than actually do any of the above.

Massive generalisation but up to you - as of course there are no "older people" who moan about their lot

My boy has worked since he was 17 in part time jobs until he finished uni and now on the property ladder despite not being in a massively well paid job - he used the pandemic to save whilst being at home and used this to help as did his girlfriend

My daughter is in a professional occupation in the NHS and pays her way in a house owned by her partner and is waiting on their first joint purchased home together

Both of my kids have Netflix accounts mobile phones etc but find a balance between the necessities and the wants

Have they worked hard for it - yes

I know loads of other young adults their age who have done exactly the same

Do they moan about their lot definitley not - they are some of the most well adjusted values based decent people I know

I personally think the future is in better hands for the generation coming through than it was in ours - my view is that as a generation we have royally fecked it all up and they will be left to pick up the pieces

[A Quiet Monkfish]

Re: Interest rates up 0.5%!

Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

You're 33 and moan constantly. You've probably got another 50 odd years of moaning in you. Why don't you go to France or Germany and moan there if you don't like it here so much.

[A Quiet Monkfish]

Re: Interest rates up 0.5%!

Massive generalisation but up to you - as of course there are no "older people" who moan about their lot

My boy has worked since he was 17 in part time jobs until he finished uni and now on the property ladder despite not being in a massively well paid job - he used the pandemic to save whilst being at home and used this to help as did his girlfriend

My daughter is in a professional occupation in the NHS and pays her way in a house owned by her partner and is waiting on their first joint purchased home together

Both of my kids have Netflix accounts mobile phones etc but find a balance between the necessities and the wants

Have they worked hard for it - yes

I know loads of other young adults their age who have done exactly the same

Do they moan about their lot definitley not - they are some of the most well adjusted values based decent people I know

I personally think the future is in better hands for the generation coming through than it was in ours - my view is that as a generation we have royally fecked it all up and they will be left to pick up the pieces

How have we 'fecked it up' ?

[the other bob wilson]

Re: Interest rates up 0.5%!

Massive generalisation but up to you - as of course there are no "older people" who moan about their lot

My boy has worked since he was 17 in part time jobs until he finished uni and now on the property ladder despite not being in a massively well paid job - he used the pandemic to save whilst being at home and used this to help as did his girlfriend

My daughter is in a professional occupation in the NHS and pays her way in a house owned by her partner and is waiting on their first joint purchased home together

Both of my kids have Netflix accounts mobile phones etc but find a balance between the necessities and the wants

Have they worked hard for it - yes

I know loads of other young adults their age who have done exactly the same

Do they moan about their lot definitley not - they are some of the most well adjusted values based decent people I know

I personally think the future is in better hands for the generation coming through than it was in ours - my view is that as a generation we have royally fecked it all up and they will be left to pick up the pieces

Well said.

[chrisp_1927]

Re: Interest rates up 0.5%!

From a personal point of view I'm sweating a bit. Had my mortgage approved back in January, but my house move has dragged on and on. RBS have been very good so far and held the offer despite the succession of rate rises. Got my fingers crossed they continue to do so.