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The New Tories - Ruthlessly Incompetent. Post Examples of Tory Stupidity Here

stdP said:
The whole "paying more for rental than a mortgage" has been a thing for a while now. Most rental prices I see in estate agent windows are greater than what you'd pay on most 25yr mortgage terms and have been, on and off, for several years. This is in London of course which might be an especially fucked market but I suspect it's widespread throughout the country. The term "tenant paying off my mortgage" is a fairly common one in the BtL crowd.

Capital requirements for mortgages in light of most people being unable to save up 10% or even 5% deposits mean many people will be stuck in the rental trap for the foreseeable. Consider an "average" £250k house (unrealistically cheap for London) - even if you saved up the £25k for a 10% deposit, you'd be looking at taking out a mortgage of £225k. A quick check at the MSE mortgage calculator says that in order to qualify for this, two people would both need to be earning £50kpa (something that plenty of people are nowhere near earning) and that's right at the maximum end of the borrowing range (and thus incurring higher interest). I know vanishingly few people earning over £50kpa. Even with large drops in the capital requirements for mortgages (something which comes with its own dangers, but that's another story) most people still won't be able to achieve that sort of earning.

Prices simply need to come down to prices that ordinary people can afford (but that's probably going to mean a massive crash needs to happen before it does). Until that happens the UK housing market is largely funnelling more and more money from the have-nots to the haves both in terms of rents to private landlords and interest on ever-more hugely inflated mortgages.
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In places where prices are unaffordable the system is propped up with ‘shared ownership’ schemes, which are still usually a better deal than renting, although even these schemes are becoming unaffordable for most in London and other expensive cities, and housing associations have got a lot more greedy on the service charges and cost of the rental part. The mrs got onboard one of these about 8-9 years ago when prices were a little bit less mental and got a new build flat in Zone 1 on a single salary of under 30k, owning 40% of it. I think she was paying about 6-700 a month all in. I think to do similar now you’d need twice that salary, but it kept things vaguely viable for average earners for a few more years.
 
Tory MP apologises for describing Birmingham as 'godawful place'

www.birminghammail.co.uk

Tory MP apologises for describing Birmingham as 'godawful place'

Heather Wheeler, the Tory MP for South Derbyshire, said she made an "inappropriate remark that does not reflect my actual view" at a conference on Thursday.
www.birminghammail.co.uk www.birminghammail.co.uk

So she has difficulties identifying this...
293164-Blackpool-England.jpg

With this...
OIP.jpeg-7.jpg

Never mind, a bit of levelling up can sort it.
 
George Useless was on the radio yesterday, explaining we shouldn't tell people to eat less meat, but instead concentrate on technological solutions for decreasing greenhouse gas emissions from it. I'm sure only time prevented him from explaining those solutions in full.
 
family are struggling and these wankers just put 7 people on a flight to Rwanda at the cost of a million to make their leader look like he tough on immigration

where do these cunts find the logic
 
This week, however, I was tasked to offer a view about the Government's intention to consider measures which risk a deliberate and purposeful breach of the Ministerial Code. This request has placed me in an impossible and odious position. My informal response on Monday was that you and any other Minister should justify openly your position vis-a-vis the Code in such circumstances. However, the idea that a Prime Minister might to any degree be in the business of deliberately breaching his own Code is an affront. A deliberate breach, or even an intention to do so, would be to suspend the provisions of the Code to suit a political end. This would make a mockery not only of respect for the Code but licence the suspension of its provisions in governing the conduct of Her Majesty's Ministers. I can have no part in this.
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www.theguardian.com

Lord Geidt quit after being asked to advise on ‘deliberate’ breach of ministerial code, resignation letter shows – UK politics live

Boris Johnson’s ethics adviser says final straw was request to consider a ‘purposeful’ breach of code
www.theguardian.com www.theguardian.com

Seems Boris was betting on absolutely everyone in government having no concept of bothering to follow their own rules – wonder where he got the confidence to think that from ...
 
Dogsauce said:
In places where prices are unaffordable the system is propped up with ‘shared ownership’ schemes, which are still usually a better deal than renting, although even these schemes are becoming unaffordable for most in London and other expensive cities, and housing associations have got a lot more greedy on the service charges and cost of the rental part. The mrs got onboard one of these about 8-9 years ago when prices were a little bit less mental and got a new build flat in Zone 1 on a single salary of under 30k, owning 40% of it. I think she was paying about 6-700 a month all in. I think to do similar now you’d need twice that salary, but it kept things vaguely viable for average earners for a few more years.
Click to expand...
I don't think shared ownership are a good deal for the person living there, on sale you are back of the queue for getting money out of the property (which is bad particularly if we enter a spell of negative equity) and you are on the hook for all the upkeep bills... Fucking amazing deal for the other shareholder though.

Plus all these toe hold deals only seem to be avaible on recent builds and let's just say direction of travel of building regs over recent years ain't been great either
 
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