Reply With QuoteUnfortunately a lot of truth in that.Originally Posted by EastbourneBlue
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Apart from Shell, BP, Exxon Mobil, Centrica and all the other Oil companies.
Unfortunately a lot of truth in that.
If you keep printing money, eventually inflation will come. Capitalism and not so much corporatism is the way forward out this mess.
It's a Worldwide problem of high inflation caused by locking the World down for two years, global supply issues, and of couse the war in Ukraine and the high energy costs, it's a tough time but we've been through a lot worse.
About 50% of the population of the UK are fools then. You also seemed to think anyone who doubted man-made climate change was a fool, the same with anyone who supported brexit. There's a theme running here..
You forgot to put Trump on that list. Anyway I don't think Brexit has happened due to the amount of times I keep hearing ECHR on the news.
That's a silly remark
Houses were cheaper but so were wages lower and then you could only borrow 2.5 x salary for a mortage, plus interest rates were a lot higher. Interest rates of 11% were not unusual.
As an example when I got married in 1972 I had the opportunity to buy a 4 bedroom house for just over £10,000.00 but although I was on a good wages I couldn't afford the repayments. That same house today is worth over £1/4 million.
So people then were using a much larger percentage of their disposable income to buy a house than you have ever experienced. But as you have never known any difference you expect it to last for ever. It doesn't sadly. We all wish it would.
In 1990 Interest rates were 15%. We were paying near 17% - plus an endowment[remember those], which was taking up over half our combined salaries - something like £1000 per month.
In addition to this income tax basic rate was 33% in 1978 reducing to 30% in '79 and allowances were a couple of grand a year depending on how many kids you had.
You're so so close to getting it.
It was far easier to buy a house in the 1970s than it is now, I don't know how this can be denied? I'm still waiting for someone to address the glaring white elephant in the room that boomers at the same age owned 7x more wealth than millenials at the same age. I don't know why people are ignoring this fact and just denying that financially selfish older generations have ****ed younger ones over big time.
source- https://www.marketwatch.com/story/th...ers-2019-12-04
What has the ECHR got to do with Brexit?
If that house was £10,000 in 1972-it would be worth £500,000 now. House price inflation has priced young people out of the market. As Doucas infers it was easier getting on the housing ladder 40 years ago than it is now. Thats allowing for much higher interests back then too. If you disagree how do you explain why so many more from our generation were on he housing ladder back then compared to millennials today.
There is no argument that house/flat prices to salary ratios have grown steadily over the past 40 years. It has doubled for first time buyers. Private sector rents have also risen massively in real terms.
https://www.economicshelp.org/blog/5...affordability/
Think they all made hefty losses through covid times but it’s madness to put all our bills up so much, we don’t even buy gas from the Russians ffs….I know the price is set regardless but it’s crazy
For a start thats America?
The facts look way out too!
Seriously you want to forget about this sort of jelousy, you can't help when you are born, but you can decide if you want to make the most out of your life, or constaly moan that life would have been better if this or that had happened.
Spend less time on here moaning about the torries and get on with your career, crying on here is not going to change anything!
Love to way they apply interest to mortgages but not savings accounts? How is that possible? The banks are the lowest form of on the level are they not?
On a phone so correcting some of the typos!
For a start that’s America?
The facts look way out too!
Seriously you want to forget about this sort of jealousy, you can't help when you are born, but you can decide if you want to make the most out of your life, or constantly moan that life would have been better if this or that had happened.
Spend less time on here moaning about the Tories and get on with your career, crying on here is not going to change anything.
They can do what they like, but yes they always work it in their favour!
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