To live in London is getting expensive day by day...
People are living like sardines in London
Not that it can help the problem but it’s funny/depressing that at the same time we have the highest number of empty office spaces in the UK at the moment.
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
comment by manutd1982 (U6633)
posted 1 minute ago
Not that it can help the problem but it’s funny/depressing that at the same time we have the highest number of empty office spaces in the UK at the moment.
----------------------------------------------------------------------
In Westminster council we have more than 3000 empty homes that are not occupied over a year...these homes are not single bedroom flats... You can accommodate 10 people easily
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
Comment deleted by Site Moderator
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
Simples. Don't live in London. There are nice places in England where you can actually breathe.
The point is wealth redistribution but done through a weird mechanism instead of taxing the very wealthy
comment by Blackpolespur (U9242)
posted 54 seconds ago
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
----------------------------------------------------------------------
They will need help as do many others due to the energy crises (short term fixes as stated in the OP).
Long term less people will suffer or need help during crisis if the cost of housing is back to sensible levels. A generation of people in the UK will have high loans to pay off. Long term surely it is better that we don't add to this debt burdened generation just because they've been fecked over?
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
----------------------------------------------------------------------
The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Blackpolespur (U9242)
posted 54 seconds ago
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
----------------------------------------------------------------------
They will need help as do many others due to the energy crises (short term fixes as stated in the OP).
Long term less people will suffer or need help during crisis if the cost of housing is back to sensible levels. A generation of people in the UK will have high loans to pay off. Long term surely it is better that we don't add to this debt burdened generation just because they've been fecked over?
----------------------------------------------------------------------
When you say fecked over, what you actually mean is crippling an entire generation financially.
The generation that went through the recession / covid and straight into the worst cost of living crisis in decades...
Sounds wonderful.
comment by Angus Young (U3979)
posted 40 seconds ago
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
----------------------------------------------------------------------
The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
----------------------------------------------------------------------
You are being selfish though, you're getting upset at the thought of others not being as debt burdened as you in future
You should receive plenty of support though if needed down the line.
comment by Kingdom of Davids (U21957)
posted 33 minutes ago
To live in London is getting expensive day by day...
People are living like sardines in London
----------------------------------------------------------------------
You don't get charged Council Tax if you're living in a caravan on Hackney Marshes.
My favourite stalkers Aceole and stinky are here
I don't live in Hackney you Muppets
comment by Two Balls, One Saka (U19684)
posted 7 minutes ago
comment by Angus Young (U3979)
posted 40 seconds ago
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
----------------------------------------------------------------------
The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
----------------------------------------------------------------------
You are being selfish though, you're getting upset at the thought of others not being as debt burdened as you in future
You should receive plenty of support though if needed down the line.
----------------------------------------------------------------------
Again, it's not just me.
Between 2008 and 2021 there were 3.57m first time buyers. Which comprises 25% of overall British homeowners.
The average UK house price in 2008 was almost treble that of the early 90s. So it's a far higher proportion of people than quoted above who would be drastically affected by this idiotic plan you've suggested.
I'd recommend you go back to the drawing board.
comment by goadocwatson (U1016)
posted 25 minutes ago
Simples. Don't live in London. There are nice places in England where you can actually breathe.
----------------------------------------------------------------------
It is easier said than done ✅
But, in reality, jobs, money and friends somehow force you stay in London than rundown areas of Manchester and Birmingham
Also, OP, if we take that 3.75m (typo in my previous comment) homeowners, and take the average home price today and in 1990 then the total value of assets would be reduced by comfortable more than half a trillion pounds.
You mention about supporting those people, who the fack is paying for that?
comment by Kingdom of Davids (U21957)
posted 9 minutes ago
comment by goadocwatson (U1016)
posted 25 minutes ago
Simples. Don't live in London. There are nice places in England where you can actually breathe.
----------------------------------------------------------------------
It is easier said than done ✅
But, in reality, jobs, money and friends somehow force you stay in London than rundown areas of Manchester and Birmingham
----------------------------------------------------------------------
My shed is available, I'll do you a special deal if you only bring your 2 favourite wives and 7 youngest children.
comment by Angus Young (U3979)
posted 1 minute ago
Also, OP, if we take that 3.75m (typo in my previous comment) homeowners, and take the average home price today and in 1990 then the total value of assets would be reduced by comfortable more than half a trillion pounds.
You mention about supporting those people, who the fack is paying for that?
----------------------------------------------------------------------
I’m with you
This idea has been thought out by someone who probably is very comfortable and has no financial issues and can deal with the hike in prices
The average joe (me) has enough to worry about without being given some sort of selfish guilt trip that I should be worrying about a generation who won’t have given a fack about me
I don’t even own a house (lucky enough to meet someone who does) but I am now likely never to either
Nobody should be allowed to own more than two properties
This would increase the supply of properties, therefore lowering the price, making it affordable
Housing should not be an investment
Sign in if you want to comment
A lot of talk about the energy crisis...
Page 1 of 4
posted on 26/8/22
Eat the rich?
posted on 26/8/22
To live in London is getting expensive day by day...
People are living like sardines in London
posted on 26/8/22
Not that it can help the problem but it’s funny/depressing that at the same time we have the highest number of empty office spaces in the UK at the moment.
posted on 26/8/22
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
posted on 26/8/22
comment by manutd1982 (U6633)
posted 1 minute ago
Not that it can help the problem but it’s funny/depressing that at the same time we have the highest number of empty office spaces in the UK at the moment.
----------------------------------------------------------------------
In Westminster council we have more than 3000 empty homes that are not occupied over a year...these homes are not single bedroom flats... You can accommodate 10 people easily
posted on 26/8/22
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
posted on 26/8/22
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
posted on 26/8/22
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
posted on 26/8/22
Comment deleted by Site Moderator
posted on 26/8/22
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
posted on 26/8/22
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
posted on 26/8/22
Simples. Don't live in London. There are nice places in England where you can actually breathe.
posted on 26/8/22
The point is wealth redistribution but done through a weird mechanism instead of taxing the very wealthy
posted on 26/8/22
comment by Blackpolespur (U9242)
posted 54 seconds ago
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
----------------------------------------------------------------------
They will need help as do many others due to the energy crises (short term fixes as stated in the OP).
Long term less people will suffer or need help during crisis if the cost of housing is back to sensible levels. A generation of people in the UK will have high loans to pay off. Long term surely it is better that we don't add to this debt burdened generation just because they've been fecked over?
posted on 26/8/22
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
----------------------------------------------------------------------
The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
posted on 26/8/22
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Blackpolespur (U9242)
posted 54 seconds ago
comment by Two Balls, One Saka (U19684)
posted 2 minutes ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
I’m confused by your reasoning
When the mortgage / loan was given they could afford it
Now they can’t due to energy prices but they are stuck with it
I don’t care if that’s a small proportion (it’s not!) or not it’s not right and those people will now end up homeless if they want to stay warm and eat as they can’t afford it all
Unless I’m missing something from the point you are making?
----------------------------------------------------------------------
They will need help as do many others due to the energy crises (short term fixes as stated in the OP).
Long term less people will suffer or need help during crisis if the cost of housing is back to sensible levels. A generation of people in the UK will have high loans to pay off. Long term surely it is better that we don't add to this debt burdened generation just because they've been fecked over?
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When you say fecked over, what you actually mean is crippling an entire generation financially.
The generation that went through the recession / covid and straight into the worst cost of living crisis in decades...
Sounds wonderful.
posted on 26/8/22
comment by Angus Young (U3979)
posted 40 seconds ago
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
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How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
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So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
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Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
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Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
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The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
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You are being selfish though, you're getting upset at the thought of others not being as debt burdened as you in future
You should receive plenty of support though if needed down the line.
posted on 26/8/22
comment by Kingdom of Davids (U21957)
posted 33 minutes ago
To live in London is getting expensive day by day...
People are living like sardines in London
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You don't get charged Council Tax if you're living in a caravan on Hackney Marshes.
posted on 26/8/22
My favourite stalkers Aceole and stinky are here
I don't live in Hackney you Muppets
posted on 26/8/22
comment by Two Balls, One Saka (U19684)
posted 7 minutes ago
comment by Angus Young (U3979)
posted 40 seconds ago
comment by Two Balls, One Saka (U19684)
posted 8 minutes ago
comment by Angus Young (U3979)
posted 48 seconds ago
comment by Angus Young (U3979)
posted 0 seconds ago
comment by Two Balls, One Saka (U19684)
posted 1 minute ago
comment by Angus Young (U3979)
posted 9 seconds ago
So basically punish any first time buyer from the last 5/10 years by giving us enormous negative equity.
Dumbest idea I've ever heard.
----------------------------------------------------------------------
How? That's a relatively small proportion of people and they got loans based on being able to afford them.
Dumbest idea ever is not sorting the issue and getting more and more people hooked into the Ponzi scheme of UK housing... Or worse than that paying rents to cover someone elses Ponzi scheme costs.
----------------------------------------------------------------------
So I've had to buy a house for £350,000 on a 5% deposit which is a realistic situation for many many people and you're suggesting that house value should be cut to say £65,000 losing 81% of the value of the home I own.
Do you not realise how utterly stupid this idea is?
----------------------------------------------------------------------
Oh and not to mention the fact that the help to buy loan on that house would be £70,000 which does not decrease below the value of house when purchased.
So I'd owe the government £70k on a house worth £65k?
----------------------------------------------------------------------
Yes you would feel very hard done by.
However it's the loan you signed up for and can afford.
Right now you're the person who got into a Ponzi scheme far down the line. If you had any humanity you'd hope others don't have to join you but all you care about is that if the housing market was corrected then other people wouldn't be being ripped off. Selfish.
----------------------------------------------------------------------
The loan I signed up for was for an asset of £350k. I did not sign up to buy a house for £350k for the government on a whim to reduce the value of that asset by 81%, leaving me with drastic negative equity.
I'm not being selfish, I'm supporting the hundreds of thousands of first time buyers in the last 2 decades who be absolute facked by the idiocy of this plan you've concocted.
My generation has been facked enough as it is, thank you.
You want an idea to reduce monthly outgoings?
Establish what over-usage of energy is. Work out based on a variety of factors (climate, house size, individuals living in the house etc) what fair usage of energy would look like.
Charge low rates for that low energy, far higher rates on anything above that cap. It would reduce our energy intake as a nation and punish those who deliberately choose to use more energy than they need.
----------------------------------------------------------------------
You are being selfish though, you're getting upset at the thought of others not being as debt burdened as you in future
You should receive plenty of support though if needed down the line.
----------------------------------------------------------------------
Again, it's not just me.
Between 2008 and 2021 there were 3.57m first time buyers. Which comprises 25% of overall British homeowners.
The average UK house price in 2008 was almost treble that of the early 90s. So it's a far higher proportion of people than quoted above who would be drastically affected by this idiotic plan you've suggested.
I'd recommend you go back to the drawing board.
posted on 26/8/22
comment by goadocwatson (U1016)
posted 25 minutes ago
Simples. Don't live in London. There are nice places in England where you can actually breathe.
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It is easier said than done ✅
But, in reality, jobs, money and friends somehow force you stay in London than rundown areas of Manchester and Birmingham
posted on 26/8/22
Also, OP, if we take that 3.75m (typo in my previous comment) homeowners, and take the average home price today and in 1990 then the total value of assets would be reduced by comfortable more than half a trillion pounds.
You mention about supporting those people, who the fack is paying for that?
posted on 26/8/22
comment by Kingdom of Davids (U21957)
posted 9 minutes ago
comment by goadocwatson (U1016)
posted 25 minutes ago
Simples. Don't live in London. There are nice places in England where you can actually breathe.
----------------------------------------------------------------------
It is easier said than done ✅
But, in reality, jobs, money and friends somehow force you stay in London than rundown areas of Manchester and Birmingham
----------------------------------------------------------------------
My shed is available, I'll do you a special deal if you only bring your 2 favourite wives and 7 youngest children.
posted on 26/8/22
comment by Angus Young (U3979)
posted 1 minute ago
Also, OP, if we take that 3.75m (typo in my previous comment) homeowners, and take the average home price today and in 1990 then the total value of assets would be reduced by comfortable more than half a trillion pounds.
You mention about supporting those people, who the fack is paying for that?
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I’m with you
This idea has been thought out by someone who probably is very comfortable and has no financial issues and can deal with the hike in prices
The average joe (me) has enough to worry about without being given some sort of selfish guilt trip that I should be worrying about a generation who won’t have given a fack about me
I don’t even own a house (lucky enough to meet someone who does) but I am now likely never to either
posted on 26/8/22
Nobody should be allowed to own more than two properties
This would increase the supply of properties, therefore lowering the price, making it affordable
Housing should not be an investment
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