Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 8:30 am
John_D
International Chairman
Joined: Feb 21 2002 Posts: 31779 Location: The commentary box
WIZEB wrote:Clegg is going to let parents and grandparents use their pension pots as security for their offspring to get mortgages and to get their feet on the property ladder.
The best thing that could happen to the housing market is the reintroduction of the three time salary guideline in terms of what you can borrow. I'd say I hate banging on about this, but I really don't
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 8:56 am
cod'ead
International Chairman
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
WIZEB wrote: Clegg is going to let parents and grandparents use their pension pots as security for their offspring to get mortgages and to get their feet on the property ladder.
Yup, sounds like a real idea. Let parents & grandparents use their pension pot so the kids can get a mortgage. Then the kids can rermortgage the gaff to pay for the care of their parents & grandparents. I can see this one has been thought through carefully and predict it will fly all the way to the wastepaper bin
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 9:13 am
WIZEB
Player Coach
Joined: Nov 23 2009 Posts: 12749 Location: The Hamptons of East Yorkshire
cod'ead wrote:Yup, sounds like a real idea. Let parents & grandparents use their pension pot so the kids can get a mortgage. Then the kids can rermortgage the gaff to pay for the care of their parents & grandparents. I can see this one has been thought through carefully and predict it will fly all the way to the wastepaper bin
Aye, it sounds a load of bollards.
Mind, I'd be feeling desperate if I was lagging behind Nigel and his party in the polls.
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 9:32 am
Mintball
All Time Great
Joined: May 10 2002 Posts: 47951 Location: Die Metropole
John_D wrote:The best thing that could happen to the housing market is the reintroduction of the three time salary guideline in terms of what you can borrow...
Agreed.
"You are working for Satan." Kirkstaller
"Dare to know!" Immanuel Kant
"Do not take life too seriously. You will never get out of it alive" Elbert Hubbard
"We are all in the gutter, but some of us are looking at the stars." Oscar Wilde
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 10:19 am
Him
International Board Member
Joined: Jun 19 2002 Posts: 14970 Location: Campaigning for a deep attacking line
John_D wrote:The best thing that could happen to the housing market is the reintroduction of the three time salary guideline in terms of what you can borrow. I'd say I hate banging on about this, but I really don't
Yep. Average wage = £25,000 Average house price = £240,000
Also there's the issue of rent. There are too many people paying effectively a mortgage rate as rent.
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 10:47 am
cod'ead
International Chairman
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
Him wrote:Yep. Average wage = £25,000 Average house price = £240,000
Also there's the issue of rent. There are too many people paying effectively a mortgage rate as rent.
I came up with a solution to affordable rents some time ago
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 11:53 am
JerryChicken
International Star
Joined: Jul 09 2012 Posts: 3605 Location: Leeds
John_D wrote:The best thing that could happen to the housing market is the reintroduction of the three time salary guideline in terms of what you can borrow.
It is already the case, which is what is causing the problem, prices for most of the housing stock on the market are far beyond three times the average 25 year olds income.
Someday everything is gonna be different, when I paint my masterpiece ---------------------------------------------------------- Online art gallery, selling original landscape artwork ---------------------------------------------------------- JerryChicken - The Blog ----------------------------------------------------------
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 12:07 pm
John_D
International Chairman
Joined: Feb 21 2002 Posts: 31779 Location: The commentary box
JerryChicken wrote:It is already the case, which is what is causing the problem, prices for most of the housing stock on the market are far beyond three times the average 25 year olds income.
Far beyond three times mine. It's ludicrous. If it were the rule, then prices would have to return to sensible levels
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Mon Sep 24, 2012 12:12 pm
Mintball
All Time Great
Joined: May 10 2002 Posts: 47951 Location: Die Metropole
JerryChicken wrote:It is already the case, which is what is causing the problem, prices for most of the housing stock on the market are far beyond three times the average 25 year olds income.
And when you then add into that equation the increasing use of one-year and zero-hours contracts (particularly for young people) it becomes even more difficult – including with even to rent.
The short-sightedness of so much going on in this country at present pretty much beggars belief.
"You are working for Satan." Kirkstaller
"Dare to know!" Immanuel Kant
"Do not take life too seriously. You will never get out of it alive" Elbert Hubbard
"We are all in the gutter, but some of us are looking at the stars." Oscar Wilde
Post subject: Re: Clegg's apology - death throes of a doomed party leader?
Posted: Tue Sep 25, 2012 8:20 am
Kosh
Moderator
Joined: Jul 31 2003 Posts: 36786 Location: Leafy Worcester, home of the Black Pear
John_D wrote:Far beyond three times mine. It's ludicrous. If it were the rule, then prices would have to return to sensible levels
Someone who's bought a house for £240k is unlikely to be able to afford to sell it for £75k. And that's the scale of the drop that would be required to bring house prices back into line with average earnings. So although it would work for new builds the existing housing stock would be a different matter entirely.
Hold on to me baby, his bony hands will do you no harm It said in the cards, we lost our souls to the Nameless One
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