There we come back to the most basic issue in politics: why do parties want ti be elected if not to do the country some good? If parties start harming the country just to get elected, it really is time to throw in the towel.
Unfortunately I think Labour have now crossed that rubicon. Brown's desperation not to go down as an unelected and useless Prime Minister, and Labour's avarice for the trappings of power, have made them a threat to the country.
True, but we know that by the 2060's, they'll be knee deep in debt to buy AI futures or whatever.
you were in neg equity....you waited.......eventually the negative equity disappeared....
sounds like you're making slow and steady progress.... so, why worry...
i do wonder a bit....you made your bed as the grannies say....
in the end you clearly don't wish to sell your children.... i'm sure 'social' 'services' would be delighted to snatch a few more...
you have a house after a fashion...it's obviously more to your taste than the previous situation.... so what's against pulling down the hatches and keep on trucking?
Nothing over the stamp duty limit is selling, so the estate agents are advertizing them at inflated prices in a desperate attempt to 'talk up the price' for when things get better.
With shops for rent the landlords are always getting silly offers from charity shop people, who offer to pay next to nothing but to maintain the premisses. This allows the estate agents to pretend that someone else wants it and try and charge a premium rent.
Turn up with a proper deal rather than 'how much is that one' and they'll almost certainly be prepared to do a deal, but you've got to look as if you're serious...
there's also inflation in europe...it's just not so bad as in the uk.. but i have been warning of this for years.....
the uk(esp south) is heavily overpopulated.... it is also very badly governed....
he's talking tripe...he knows no more than you do.... the clown and 'new' labour have gone a long way to destroying the uk economy.... unless you fancy living in hong kong....
you have the experience of getting through before...
currently the equity in your house is a pension... your children may help.....and that is a form of pension.... you are trying to grow a business...that also is a potential pension..
meanwhile comes a time when the spawn are more independent... their education and yours is a form of bank account...
the market will probably turn in due course....
the clown can't afford the mess he's caused...so now he's trying to borrow and steal more so's he can give it to those who are most damaged by his foolishness....
try to concentrate very hard on the realities.... that could well include falling standards of living....
what is necessity...and what is bonus....
there's still a vast mass of the british living on the dole in one form or another...pensions...children...wasters.... they're not starving....
work is disappearing rapidly....society is going to have to adjust.... meanwhile energy (and food) is getting squeezed....and the socialist idiots have planned nothing.... just the usual tax and spend.....
they're thieves...with dreams....not managers or sound government
you may as well enjoy the ride....a stoical soh is better than fussing...
It hasn't really. It just allowed us to move, where we could not before. We just bought another similar house elsewhere for the same money. Nothing has really changed, if prices fall back down. Other non-food items are the same price that they were 20 years ago.
Lack of confidence for one, but we are not progressing because my husband can no longer get full-time employment. All that is happening is that we are becoming more dependent on state handouts again (tax credits this time).
Wonder about what? I've made a string of mistakes. We live and learn, but always too late to undo the past. I starte off ok - down for 10 O levels - failed all but three and got poor grades for those. Why? I think I must have had a nervous breakdown or something because I just couldn't face going to school anymore (couldn't take the constant bullying), so used to sit in the park all day on my own. Then when I decided I had to go and do the exams so went back to school in the final year, I got glandular fever, and was ill for
9 months. Nobody send revision home - I was too knackered to be bothered, so I failed. Thought I'd try again. Went to college to do business studies at 16 - couldn't get a grant, so told by mother I had to get a job to pay rent instead. Got a job, low paid but doing ok - bought a house at age 18, 30 miles away because there was nowhere to live locally (St Albans - fantastical house prices and no council accommodation). Commuted to work on motorbike 30 miles each way. I don't give up. Husband lost job in early 1980's and I fell pregnant - abortion not allowed so suddenly there I am with huge mortgage (because of interest rates), no job, income support. He couldn't/wouldn't get work
-threatened to leave me if I did because it would make him feel emasculated. Stasis for 2 years. Moved to Raunds for his family reasons, no profit on house. Got a job cos I couldn't stand being on the dole any longer - we split up. Then lost job because he took me to court for custody of our son. Single parenthood. Then met another man who was never as committed as he said. 10 more years wasted and another two children, but spend the years studying at degree level. Never finished. Separation when he went back to the women he was with before he met me. Met my current husband who is a decent man and a committed and good father, but has no education. Hard-working, but only suited to factory jobs. No factory jobs left now. Would I have done better on my own? Probably at first before I had children - once you are single parent, you are pretty much doomed unless you have family nearby or enough earnings to for out £125/week in childcare. I've never made a profit on a house, never had a well paying job, never managed to finish a qualification. Now I pay. So yes you're right. You make your bed...
Gerrof!
Just not out in the sticks. I don't need a car.
Nothing against it, it's the only choice, as ever. I'd just like to try something different, but you daren't take risks when people are depending on you for money.
Not really, if they are saying that I can't make an offer because it's already under offer!
Nothing under the stamp duty limit is selling here.
It helps if you know what the passing rent actually is. 6 months ago, the prices were visible. Now they are not. I am just told that the property is already taken and cannot offer on it. Certainly there is lots of refurbishing activity going on. Things have changed because as of April business rates are payable on empty properties.
which you must admit is advance.... the price may be the same...but the location suits you better
which of course means they've dropped precipitately as there's been considerable inflating in the meanwhile
dummies are confident.....all the best people are unconfident...
the state taketh away...the state giveth.... you'd be better if they got their dirty noses out.....but i see no reason to worry if you're getting some back.... this roundabout is just more government interference...that interference is directed to controlling you....it is not anything to do with altruism... you have a criminally corrupt and meddling government
you're doing the country a prime service in raising children...as long as you are serious in that pursuit as you obviously are...
if you don't make mistakes you don't learn... if you don't learn you can't help the next lot to do better....
you may be fussing of late....but it looks very much to me as if you are learning and improving your situation....
i think you focus too much on money......you have the house.....you have the fellow...you have the kids....you're getting scraps.... cheer up and keep the family cheerful....
a slogan i tell people to use with the kids is....food is a luxury.... education is a necessity.... we buy books not food!
which do you want....your children or money? if you say children, how can you believe you've failed in any sense?
:-)
ie, your house is now more efficient than before... that is increased value....
i urge again.....forget the money(as prime)...concentrate on reality....
but it isn't your only choice...you could walk out on the lot of them!
be specific....
hmmmmm....that's too complex a stt.... you take risks every time you walk down the street.... and even when you don't!
M Holmes wrote in news:g9j5fh$m80$5 @scotsman.ed.ac.uk:
compeditive
Thats fine for the Banks!
It will be years before a lot of people recover from being miss-sold mortgages by the Banks - some will never recover what they've lost. Did the Banks tell lenders that they "needed a resonable deposit to get a loan"? Of course they didn't. The Banks were overflowing with money - or thought they were - and behaved like back-street moneylenders.
Only when the amount of money lent for house buying is roughly equal to what the economy can lend will we return to house price stability.
Well, they're not happy at the moment, but it is *good* for the banks to be unable to re-involve themselves in reckless lending.
That's also true of anyone with a bad investment in the stockmarkets or a bad punt on the geegees. The thing with investments is either to be aware of all the implications and ready to take the risk of losing, or to stay away from them.
The borrowers knew that banks make their money by making loans. It was u to the borrowers to calculate whether the risks and rewards were in their own interest or not.
Exactly, and due to this, many people stayed well away from them.
I don't even hope for house price stability. I hope after this madness is over and the fog clears, that buying a house will be like buying a car. People will have to save for a large part of it and won't be able to go into debt for their whole lives as an alternative. Also that housing, like cars, will lose value unless money is put into maintenance.
That way there'd be some sanity. If people want to risk their life savings in the hope of speculative gains, the stockmarkets are a better place for taking such risks. At least they funnel money to productive use, and people don't need shares to live their lives.
The economy is a basket case for a number of reasons.
New Liebour used taxpayers money to buy the votes of the New Liebour voting scum via the benefits system. The benefits bill has skyrocketed.
Mass uncontrolled "Open Borders (tm)" immigration (added to point 1).
What little production the UK had has gone to China and India.. seen a UK made Dyson recently?
Gordon Brown sold the TAXPAYERS assets that are kept for "a rainy day" (gold in particular) to buy votes. Now the rainy day is here, there's nothing to sell to keep the country ticking over.
Gordon Brown stole (£105bn+ so far) from the private pension funds, but protects the public sector pension fund because they can go on strike.
Because of uncontrolled hiring of public sector, esp. jobsworths, point 5 now costs the productive economy MUCH more to upkeep.
New Liebour allowed our industries to be bought by foreigners, so all profits flow out of the UK (this is NOT the same argument as why did the Toris allow privitisation - something the moronic Left always try to blame).
The PFI scam, so huge is the scam that our children will be paying that off into their old age.
IT projects that are so over budget it's a scandal, but who cares the taxpayer is good for it. This includes MoD computers, the NHS national computer system (which despite £20bn STILL doesn't work), and the "Final Solution (tm)" ID database (now linked with the paedo friendly searchable Children's Database).
The consumer failed to learn ANYTHING from the previous recessions that THEY caused, going on an uncontrolled credit binge, buying crap they didn't need. Now they think savers should pay for their free spending credit binge.
The Bank of England DELIBERATELY keeping interest rates low to please Gordon Brown and push the fake boom in house prices.
New Liebour bought a failed bank to buy votes, £110bn down the drain, and even recently gave the bank another £1bn.
Sorry, but bankers causing the current mess just does not figure nowhere in any argument. What I put above feature FAR more in why the UK is a basket case.
I have been saying for a long time that houses were overpriced because of "fundamental" factors.
And even I thought that those fundament factors were based upon ROI.
But now that we are here, it is clear that a more compelling fundamental is that there simply isn't enough "available" money in the system to support the current price level. Trying to print it will just end in disaster.
I'm inclined to disagree with this. ISTM that the benefits system is not taking any more of the national budget than it did for much of the last 20 years. The benefit system has skyrocketed I agree, but not on Labour's watch. The real problem on spending is your point (6).
How is this a bad point?
This certainly did not start with Labour, the UK's manufacturing base was stuffed by Herr Thatcher.
The Tories were also responsible for starting this. I don't doubt that they would have continued it if they were in charge
The Tories were no better here either.
Even at this supposedly "low" rate they were still higher than elsewhere. No, I don't think the BoE being culpable on interest rates stands up to scrutiny, remember, business suffers (and hence moves abroad) when Interest rates are high.
This didn't happen until the problem had started, and the amount is tiny by comparison with the problem
nice post...however this is not entirely accurate.... the boe are legally and politically required to use the clown's false cpi rate to 'control' the money supply.....
the boe have far less freedom than is pretended...
the loose money 'policy' stems directly from the clown...not the boe
M Holmes wrote in news:g9lsi9$p4v$1 @scotsman.ed.ac.uk:
There is a fundermental difference between buying a house and stockmarket investments or gambling. Most people entering the housing market have no choice as to when, and must buy at the current market price. The Banks inflated the house market, with mis-sold mortgages, to increase their profits/bonuses and knowing that only their customers could lose.
The only losses to the Banks comes from their own speculations in the money market - which they'll make sure the public pays for.
If I have a place to live that I rent, and can move relatively easily from one rental property to another, I have the freedom to choose exactly if&when to buy. I've not noticed any shortage of property for rental---precisely the opposite, in fact.
Every time any aspect of government puts money into the housing market, in any way whatsoever, `in order to help those struggling to get onto the housing ladder' all that happens is that that money disappears into higher house prices. This isn't all `The Banks' fault, by any means.
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