Monthly housing costs

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Monthly housing costs
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How much a month is your rent/mortgage

Less than �100

21%

[ 13 ]

Less than �200

[ 5 ]

Less than �400

18%

[ 11 ]

Less than �600

21%

[ 13 ]

Less than �800

11%

[ 7 ]

Less than �1000

[ 3 ]

Yikes

13%

[ 8 ]

Total Votes : 60

Author

Message

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Sun Jun 24, 12 3:19 pm Post subject:

DawnMK wrote:

why shouldnt we have the right to secure our finacial future by investing in property now, instead of waiting to be a burden on the state when we are retired

The thing is, if you have a BTL mortgage and your tenant is on benefits, you are, actually, relying on the state to support you, because that money is going to you, to fund your investment so you can 'support yourselves financially' in the future.

It's ironic, really.

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Sun Jun 24, 12 3:22 pm Post subject:

Jamanda wrote:

Not many people own shares now. I don't know anyone who does.

Pretty much anyone that has a personal pension owns shares.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Sun Jun 24, 12 3:26 pm Post subject:

Chez wrote:

DawnMK wrote:

why shouldnt we have the right to secure our finacial future by investing in property now, instead of waiting to be a burden on the state when we are retired

If you want to look at it that way then so are all civil servants - so nurses, teachers, policeman etc.

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Sun Jun 24, 12 3:28 pm Post subject:

Treacodactyl wrote:

If you want to look at it that way then so are all civil servants - so nurses, teachers, policeman etc.

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Sun Jun 24, 12 3:30 pm Post subject:

Chez wrote:

DawnMK wrote:

why shouldnt we have the right to secure our finacial future by investing in property now, instead of waiting to be a burden on the state when we are retired

But isn't what she's doing actually making up for the state not investing in low cost housing. They pretty much stopped building all council housing in the 1970's. Now they expect the private sector to bear the cost of investment in the property and they pay for it by having to pay housing benefit instead. Seems exactly like the PFI schemes introduced by the Tories at about the same time. Or the fact that the subsidy going into railway fare is now massively bigger than it was in the 90's before privatisation, but the government doesn't have to buy rolling stock anymore.

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Sun Jun 24, 12 3:33 pm Post subject:

Bebo wrote:

Yes, I guess, in a way. I hadn't thought about it like that. However - if the govt then stops or reduces housing benefit the system falls apart.

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28239
Location: escaped from Swindon

Posted: Sun Jun 24, 12 3:35 pm Post subject:
The only real way to reverse things is a big national investment into low cost decent council housing. e.g. something that would require those who would suffer losses to dig into their pockets to make those losses happen! For that you require a Country with a social conscience, one that thinks decent housing at a decent rent is worth a sacrifice.

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Sun Jun 24, 12 3:36 pm Post subject:

jema wrote:

For that you require a Country with a social conscience, one that thinks decent housing at a decent rent is worth a sacrifice.

You mean like the UK was in the late 40's and 50's?

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Sun Jun 24, 12 3:37 pm Post subject:

jema wrote:

For that you require a Country with a social conscience, one that thinks decent housing at a decent rent is worth a sacrifice.

We're screwed then, certainly currently

toggle

Joined: 30 Dec 2006
Posts: 11622
Location: truro

Posted: Sun Jun 24, 12 3:57 pm Post subject:

Bebo wrote:

jema wrote:

For that you require a Country with a social conscience, one that thinks decent housing at a decent rent is worth a sacrifice.

You mean like the UK was in the late 40's and 50's?

only need to look at things like the hitory of the squatting movements to know that there wasn't available and affordable housing then.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Sun Jun 24, 12 4:09 pm Post subject:

jema wrote:

The only real way to reverse things is a big national investment into low cost decent council housing.

e.g. something that would require those who would suffer losses to dig into their pockets to make those losses happen!

For that you require a Country with a social conscience, one that thinks decent housing at a decent rent is worth a sacrifice.

Again greatly simplifying the problem while neatly blaming someone else.

If you just want to look at building more houses then what are we talking about, something around 5 million new homes? Now that could be funded by council tax rises for example but would the average person want such a rise and so many new homes build near them?

If people are honest I doubt many would support such measures.

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28239
Location: escaped from Swindon

Posted: Sun Jun 24, 12 4:21 pm Post subject:

Who's someone else, plainly I am someone who would suffer a loss if the housing market collapsed, so hardly someone else.

Simplifying? Hardly, it is straightforward enough. A housing shortage and no alternative for vast numbers of people other than crippling mortgages or rents.

Where would houses go, well always a problem, but one that seems to get solved readily enough when there's profit to be made, the building boom in Swindon managed to trample over local objections quite easily.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Sun Jun 24, 12 4:23 pm Post subject:

Treacodactyl wrote:

jema wrote:

A bit of honesty wouldn't go amiss. Noone wants, in the short term, what is needed in the long term, as the last thread of this nature showed.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Sun Jun 24, 12 4:30 pm Post subject:

jema wrote:

Simplifying? Hardly, it is straightforward enough. A housing shortage and no alternative for vast numbers of people other than crippling mortgages or rents.

It is simplifying it, there's many other possibilities. If you just build houses and keep the prices artificially low it wouldn't surprise me if the demand increased.

Drewsephine

Joined: 15 Sep 2008
Posts: 1146
Location: noun 1 a particular place or position: the property is set in a convenient location an actual place

Posted: Sun Jun 24, 12 4:31 pm Post subject:
What we need is a bloody good war That'll sort the rotters out.

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