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Re: Interest rates up 0.5%!
Percentage of 16 - 34 year old that are homeowners
51% in 1991
24% in 2016
Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%
These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.
Source: https://www.moneysupermarket.com/mor...buyers-report/
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
A Quiet Monkfish
Well let's pass on Brexit - that's been done to death on here. I'm no expert on steel but haven't we been shelling out £millions for decades to keep production going ? I've done nothing to harm the environment any more than the 20-30yr olds today, and the economy ? Let's try and forget party politics if we can, but since 2000 we've had a really good couple of decades. Less of the MCG please !
You can't pass on brexit as it is has an impact on our ability to employ people in the foundation economy across the board and a huge impact on people movement
Our generation has been on the planet longer so of course we have had a bigger impact
I'm apolitical if you see my previous post as they are all wank3rs and self serving tosspots
Don't know what MCG is apart from the Melbourne cricket ground
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source -
https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.
In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.
But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.
The cost of this policy is estimated to be between £2bn and £7bn which is pennies when compared to the losses built up by the current government through fraud, downright incompetence and criminality. Track and trace anyone? Build back loans? Unusable PPE? Crony contracts for Tory mates, pub landlords, etc? I could go on but you get the picture.
But, as you say, it's somehow Labours fault for something that ended 20 years ago!
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Lither_1927
All the other stuff is minor, the primary driving factor behind house prices is demand created by population numbers. Everyone needs a house to live in you see. UK embraced mass immigration and now millenials can't afford a home and we have a housing crisis.
Japan reject mass immigration and their house prices remained the same since 1997, enabling the next generation of their own population a chance to buy. Why are you attempting mental gymnastics in order to deny the blinding obvious?
It's not just immigration that drives population growth. Tell the younger Japanese population to have more kids cos they've forgotten how to do that aswell.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
No it isn't me, but I've been told on this forum I am a champagne socialist, I've also been told I'm just jealous. All I've said is I'm doing alright.
So for the fifth time, what is the exact amount of wealth I should have before I can complain about inequality.
Where did I say I couldn't buy a house? Is it harder to buy a house now than it was in the 70s, yes or no?
Not a champagne socialist then.
Doing alright what does that mean, it's subjective?
You appear jealous, you have a deluded view that older people had an easier life?
Any amount, it's a free Country?
You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?
It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
Percentage of 16 - 34 year old that are homeowners
51% in 1991
24% in 2016
Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%
These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.
Source:
https://www.moneysupermarket.com/mor...buyers-report/
That just shows how many people own a house?
It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
Percentage of 16 - 34 year old that are homeowners
51% in 1991
24% in 2016
Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%
These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.
Source:
https://www.moneysupermarket.com/mor...buyers-report/
Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.
https://uk.finance.yahoo.com/news/pr...063253579.html
UK average house price falls for the first time in a year to £293,221
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Not a champagne socialist then.
Doing alright what does that mean, it's subjective?
You appear jealous, you have a deluded view that older people had an easier life?
Any amount, it's a free Country?
You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?
It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.
Off topic slightly, when I was doing HNC business studies in night school, every Saturday I had to spend a few hours in central library researching topics for upcoming assignments.
Nowadays most reasonable research can be obtained from the comfort of your own home. Much easier IMHO
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
That just shows how many people own a house?
It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.
Name 3 young people that you know that been travelling round the world for 3 years
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
delmbox
Name 3 young people that you know that been travelling round the world for 3 years
I ****ing hate tory students
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.
https://uk.finance.yahoo.com/news/pr...063253579.html
UK average house price falls for the first time in a year to £293,221
Okay boomer.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
delmbox
Name 3 young people that you know that been travelling round the world for 3 years
Greta Thunberg for one 🙂
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
That just shows how many people own a house?
It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.
Yeah the Torries a obviously a bunch of tw*ts but I’ve not heard much about them, on the other hand those Conservatives are a right tribe of shite.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
delmbox
Name 3 young people that you know that been travelling round the world for 3 years
My mates two boys, and my other mate’s daughter. It might be extreme but plenty go for a year or so, lots take a year out too.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
delmbox
Name 3 young people that you know that been travelling round the world for 3 years
I know quite a few, but I know quite a few hippy like people. Most worked though, like 7/8 months here then go to India for 4 months and live for peanuts all winter. I took a grand with me when I went to India, lasted me 2 months. When I was 19 I went off to Oz etc for 18 months but worked a lot, came home with about £4K saved which was enough to put a deposit down on a flat….
One big difference is the amount of debt most students rack up, back in 1990 ish most I knew had no real debts, some even had grants, not loans. Nowadays £50k is average isn’t it? That’s not a great way to start out is it…..
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source -
https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.
In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.
But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.
Torries didn't vote for Brexit, the people did?
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Torries didn't vote for Brexit, the people did?
*the Tory people did
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
goats
I know quite a few, but I know quite a few hippy like people. Most worked though, like 7/8 months here then go to India for 4 months and live for peanuts all winter. I took a grand with me when I went to India, lasted me 2 months. When I was 19 I went off to Oz etc for 18 months but worked a lot, came home with about £4K saved which was enough to put a deposit down on a flat….
One big difference is the amount of debt most students rack up, back in 1990 ish most I knew had no real debts, some even had grants, not loans. Nowadays £50k is average isn’t it? That’s not a great way to start out is it…..
It's definately not, but the fees are only a part of it, most want to move away so rack up debts for housing in another City and enjoying themselves and good luck to them I hope they enjoy it. It bugs me when a few years later they say its all the governmets fault thecan't buy a house, no it's based your their life decisions.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Colin'sReversibleHat
*the Tory people did
It was a mixture, some torries, some labour some of the monster raving loony party.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
It was a mixture, some torries, some labour some of the monster raving loony party.
https://lordashcroftpolls.com/2016/0...voted-and-why/
The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Colin'sReversibleHat
The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also
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Re: Interest rates up 0.5%!
Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Colin'sReversibleHat
Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
goats
The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also
The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Colin'sReversibleHat
The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds
And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.
Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.
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Re: Interest rates up 0.5%!
Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.
Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.
So first time buyers, keep saving and get ready for when prices drop, it's almost your time!
https://www.dailymail.co.uk/news/art...ords-sell.html
Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
It comes as new figures released today show how property prices fell month-on-month for first time in a year
Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Claude Blue
And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.
Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.
It's worth a link this because it really does sum up their attitude
https://twitter.com/BeardedGenius/st...OdSujVMrEnPvxg
You'd hope that they never get another vote from a poor or deprived area but turkeys will insist on voting for Christmas
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
delmbox
Cheers. I must learn to do links!!
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Colin'sReversibleHat
The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds
Yes and Caerphilly centre too, yet they voted leave without a clue who paid for it as seen on sky news at the time….
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.
Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.
So first time buyers, keep saving and get ready for when prices drop, it's almost your time!
https://www.dailymail.co.uk/news/art...ords-sell.html
Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
It comes as new figures released today show how property prices fell month-on-month for first time in a year
Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'
Hardly anything on the market at the moment so it hasn’t started yet, although it has for the holiday let’s out west and up north after Drakefords latest wonder like policy. The slow death of Pembrokeshire has begun……having been involved in property for 30 years now I was always advised by people with far more knowledge than me to pay off mortgages as soon as possible as things can fluctuate very quickly….had a great piss up about 3 years ago when I paid the last bugger off.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Not a champagne socialist then.
Doing alright what does that mean, it's subjective?
You appear jealous, you have a deluded view that older people had an easier life?
Any amount, it's a free Country?
You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?
It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.
For a sixth time, what's the exact amount of wealth someone can have before they can talk about inequality?
I've never once said it was too hard for me to get on the market, ive said its much harder for younger people to get on the market which is 100% true and once they are it's more expensive yet somehow you still try and deny.
Yeah older people have had it easier, you haven't had the wage stagnation that we've had, you've had cheaper housing, free education and your pensions are better. You won't have to deal with the catastrophic consequences of climate change. But so many of you have your head in the sand and are clearly clueless of any modern issues unless you're spoon-fed it by Murdoch and Co.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
North Cardiff Blue
Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.
https://uk.finance.yahoo.com/news/pr...063253579.html
UK average house price falls for the first time in a year to £293,221
Salary to house price is a stupid measure? This is the dumbest sentence I've read on all of CCMB ever. You clearly don't have a clue and I can't be arsed anymore.
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Re: Interest rates up 0.5%!
I worked on the polls on Brexit day. Something really odd was happening you could sense it. People who you could tell were unused to voting were coming in, dragging older relatives with them as if their lives depended on it - all while insisting on using a pen (yes they had been totally brainwashed). All thinking they were voting against the ‘establishment’ whilst only being fooled by them. We’ve sold our young people down the river, let’s hope one day they’ll have the sense to put it right.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Nobody's Rep
You can't pass on brexit as it is has an impact on our ability to employ people in the foundation economy across the board and a huge impact on people movement
Our generation has been on the planet longer so of course we have had a bigger impact
I'm apolitical if you see my previous post as they are all wank3rs and self serving tosspots
Don't know what MCG is apart from the Melbourne cricket ground
Sorry, "Middle Class Guilt".
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
SLUDGE FACTORY
It's not going to do anything at all to deal with this recession
She's lying and she's full of shit
And the next prime minister
She's not lying, she genuinely believes in a low tax economy that benefits all.
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
The Bloop
Greta Thunberg for one 🙂
Lol
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Lither_1927
She's not lying, she genuinely believes in a low tax economy that benefits all.
All? Or all of her kind?
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Doucas
Percentage of 16 - 34 year old that are homeowners
51% in 1991
24% in 2016
Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%
These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.
Source:
https://www.moneysupermarket.com/mor...buyers-report/
I've just checked on Rightmove the sale price [March 2022] of my 1st house. I bought it in 1976 for £18,000. It sold for £183,000. Pretty much average for those around it, too. That's a 10 fold increase. The average wage in 1976 was £3,750. The average salary in the UK in 2022 is £31,500. That equats to 8.4 times increase. Now imagine a mortgage today with 10-11% interest rates, because that's what we were paying - bank rate was close to 9%.
You can convince yourself that the world's against you - and listening to the doomongers doesn't help, but believe me, it's far, far, easier to buy a house now than it ever was..
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Re: Interest rates up 0.5%!
Quote:
Originally Posted by
Dave Blue
All? Or all of her kind?
Well, we in Britain have one of the highest standards of living in the world. That's *all* not the few. Britain is well off due to capitalism is it not?
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Re: Interest rates up 0.5%!
The tory scum should drop all this free choice bollocks and tell the country that going on holiday and maxing out the credit card for the government and individuals has got to stop for 18 months . They need to fund the basics but all this silly talk about cutting taxes to keep the economy is just bullshit . Its not going to work . Sunaks ideas are a bit more realistic but he's also off his head .
Defence spending will carry on each makes me laugh . We have this nuclear weapons costing billions ......what have they in Europe recently , except cost loads of money . Deterrent my arse .
Cut that away for a start .