At the General Election,vote Labour.

[Deleted User X18H]

i wonder if you realise that before Thatcher and right to buy most people never had any hope of owning a home, unless they got involved in self build, got an inheritence or went without an awful lot (saving for years). You have far more oppurtunity to own your own home than your parents or certainly grandparents ever did.

Quite right Maggie created a nation of home owners and almost gave the population a clean slate whereby a person had the chance to make what they could of themselves if they had the drive to do it. This carried on until about 1993. If by some awful miracle Labour hold on to power in May or June next year then we could see this country slip to levels of poverty and social exclusion not seen in Britain since then 1850's even the re-introduction of workhouses and debt prisons.

 

[Herr Tubthumper]

Why ? what job do you do ?

Here we go. Job obsessed Bushy.

 

[Don Quixote]

Give us a rundown then , what exactly do you think he'll do that will impact on you ? Or are you just repeating stuff you've heard your dad say ?

How little you know!

 

[Robbie G]

Gordon Brown should have recognised the credit bubble for what it was, but he was gripped by the mass-delusion that the 'prosperity' (built purely on credit) would go on forever. That he failed to recognise it is pure incompetence, and he and his party must go. A minority did recognise it (Vince Cable for one), but they were ignored and branded as 'doomsters', by the deluded majority.

Maybe I'm a cynic, but I don't imagine a conservative government would have done much about it.

 

[GNF on Tour]

we'd have been in a much better stae than we are now, i remember the tories having to clean up labours f***ing awful mess in 1979.

You really are fuckin insane if you believe that crap.

 

[Barrel of Fun]

I don't quite understand the premise of despising Thatcher, particularly when it comes to the age old 'she sold off our crown jewels', 'she destroyed communities' etc. Were we in a position, as a country, to prop up the coal industry and invest heavily in the utilities/services that had seen much neglect? Did we have the finances to do so?

 

[Barrel of Fun]

You really are fuckin insane if you believe that crap.

Why? Major and Clarke did all the hard work and Labour were very fortunate to inherit a country of the up. Remarkable that we don't have anything saved for a rainy day, despite a massive boom. Now we have hit a bust (despite Prudent claiming that was over) and the shit has hit the fan.

 

[cannedheat]

I will be voting Conservative and selling flourescent orange shoulder donkey jackets on ebay so the some saddos can relive there past.

 

[beorhthelm]

Maybe I'm a cynic, but I don't imagine a conservative government would have done much about it.

thats probably true. but its also speculation and "what if...". the FACT is Brown did ride the wave of the economic prosperity and claim it as his own stewardship, only now he wants to blame the costs on others.

 

[Leekbrookgull]

Well,i stand to be corrected but i believe HM Govt spends more on the social security/welfare budget than it collects in direct income tax and as one or two have said in Gordon's golden years we never saved and in fact we were spending more than we were earning. Labour MUST be re-elected so for once and for all THEY WILL have to cut spending on health/education so those that still see Labour as a caring party can see them for what they really are.

 

[Bluejuice]

i wonder if you realise that before Thatcher and right to buy most people never had any hope of owning a home, unless they got involved in self build, got an inheritence or went without an awful lot (saving for years). You have far more oppurtunity to own your own home than your parents or certainly grandparents ever did.

Sorry but how do you work that out? My parents got a mortgage on their current £300,000 property for under £60,000 in the early 80s. This was not above their means. They had to work hard for it obviously but it was within their means. How could I, a 26 year old with an above average income ever afford such a place? Even a shoddy one bed flat in the city would cost me almost £200,000 now. On an average salary that equates to TEN TIMES income, before tax. I'm lucky that I earn more than that but it still isn't anywhere near enough whereas at the same age my parents were able to purchase a home without selling their internal organs to do so.

No self build, no inheritance and no massive decades long saving scheme. They were just alive in an era when home ownership wasn't restricted to the super rich.

I don't see what else I'm meant to have done. Property in the UK is well beyond my means, particularly at a time when banks aren't lending money, and the only people anywhere near my age I know with their own mortgage are struggling massively. Are you suggesting that I'm a solitary case with unlucky contacts? Because to me it looks like home ownership for the under 40s is a pipe dream.

 

[Bluejuice]

Well,i stand to be corrected but i believe HM Govt spends more on the social security/welfare budget than it collects in direct income tax and as one or two have said in Gordon's golden years we never saved and in fact we were spending more than we were earning. Labour MUST be re-elected so for once and for all THEY WILL have to cut spending on health/education so those that still see Labour as a caring party can see them for what they really are.

This is true. A lot of liberals would have you believe that all the money goes on defence and such but by far and away the biggest expense of our nation is on welfare and benefits. AND whilst I support the left wing ideals of a welfare state the truth is that there simply isn't enough money to help out the working man anymore - surely the founding principles of a left wing Labour government.

To achieve equality the super rich need to be taxed more heavily, and all the loopholes they are able to take advantage of need to be closed so that your average Mr and Mrs J Bloggs get a chance to get by without the bullshit that makes a mockery of the system as we are seeing day in day out in our time.

Is it not enough that the youth of today will have to plug the HUGE gap in state pension funding by basically never getting old enough to retire? No, we're also expected to piss every penny we earn at greedy landlords and letting agents who act like they're doing us a favour by allowing us to have a roof over our heads no matter what the cost

 

[User removed 4]

Here we go. Job obsessed Bushy.

oh do f*** off , if he claims he'll "never" have his own house , its obviously something to do with his earnings, and what job he does OBVIOUSLY has a direct impact on that , do me a favour and put me on ignore or something you f***ing drip.

 

[User removed 4]

You really are fuckin insane if you believe that crap.

You really are divorced from reality to be able to write this statement.

 

[User removed 4]

God what kind of world would we live in when people were allowed to have views about things that happened before their time. Christ, people on here would be saying they know things about WW1 and WW2!! We'd even have to invent some sort of subject for the kids at school to learn about the past...

Having views about something is one thing, childish statements about putting out bunting when a politician who came to power before you were born , dies, is , im afraid ,something else entirely,hope this helps .

 

[Herr Tubthumper]

oh do f*** off , if he claims he'll "never" have his own house , its obviously something to do with his earnings, and what job he does OBVIOUSLY has a direct impact on that , do me a favour and put me on ignore or something you f***ing drip.

...not being able to afford a house couldnt possibly be anything to do with house prices in England being more expensive (in relation to the cost of living) in this country than the rest of Western Europe could it?

 

[Insel affe]

Major Labour/Brown feck up

This year is the 10-year anniversary of then-Chancellor Gordon Brown's decision to sell almost 60% of the UK's gold reserves.Between July 1999 and March 2002 the Government sold 395 tonnes of gold, at an average price of $280 (£186) per ounce.

Since then gold has risen to over $900 (£597) per ounce, sparking outrage among many commentators and the public.


Whos paying for that mmmmmmmm maybe the tax payer
increase in stamp, soliders with lack of equipment resulting in lose of life.

this goverment rode on the back of tory policy and good buisness sense and when the time came for them making difficult decisions.............They feck up.


but im no expert,just a bloke on the street average white working class boy, who counts for nothing and there not interested in my opinion are they.

 

[Chicken Run]

Sorry but how do you work that out? My parents got a mortgage on their current £300,000 property for under £60,000 in the early 80s. This was not above their means. They had to work hard for it obviously but it was within their means. How could I, a 26 year old with an above average income ever afford such a place? Even a shoddy one bed flat in the city would cost me almost £200,000 now. On an average salary that equates to TEN TIMES income, before tax. I'm lucky that I earn more than that but it still isn't anywhere near enough whereas at the same age my parents were able to purchase a home without selling their internal organs to do so.

No self build, no inheritance and no massive decades long saving scheme. They were just alive in an era when home ownership wasn't restricted to the super rich.

I don't see what else I'm meant to have done. Property in the UK is well beyond my means, particularly at a time when banks aren't lending money, and the only people anywhere near my age I know with their own mortgage are struggling massively. Are you suggesting that I'm a solitary case with unlucky contacts? Because to me it looks like home ownership for the under 40s is a pipe dream.

In other posts your moaning you you will never have a home to call your own, then you moan it's Thatchers fault for selling off all the council houses, so I assume a home to call your own could incumber a council house then, not that it will ever be yours, then your moaning about property prices FFS.
Buy a one bedroom flat(like the rest of us that are 40 plus did at your age) for 130k, you can borrow 91k and then the deposit you put down, oh you havent got a deposit, i suspect thats your real problem, then start saving NOW and stop moaning. 10 years ago I started saving so that i can give my children a chance on the property ladder/uni.

 

[Arthritic Toe]

Sorry but how do you work that out? My parents got a mortgage on their current £300,000 property for under £60,000 in the early 80s. This was not above their means. They had to work hard for it obviously but it was within their means. How could I, a 26 year old with an above average income ever afford such a place? Even a shoddy one bed flat in the city would cost me almost £200,000 now. On an average salary that equates to TEN TIMES income, before tax. I'm lucky that I earn more than that but it still isn't anywhere near enough whereas at the same age my parents were able to purchase a home without selling their internal organs to do so.

No self build, no inheritance and no massive decades long saving scheme. They were just alive in an era when home ownership wasn't restricted to the super rich.

I don't see what else I'm meant to have done. Property in the UK is well beyond my means, particularly at a time when banks aren't lending money, and the only people anywhere near my age I know with their own mortgage are struggling massively. Are you suggesting that I'm a solitary case with unlucky contacts? Because to me it looks like home ownership for the under 40s is a pipe dream.

And this is precisely why the housing market has a lot further to fall. The current up-tick is just a temporary interruption in the downward trend, brought about by ridiculously low interest rates and massive QE. The housing market must return to its long term average of 3 to 3.5 times average income. It always does. Nothing else is sustainable.

 

[The Antikythera Mechanism]

And this is precisely why the housing market has a lot further to fall. The current up-tick is just a temporary interruption in the downward trend, brought about by ridiculously low interest rates and massive QE. The housing market must return to its long term average of 3 to 3.5 times average income. It always does. Nothing else is sustainable.

The housing market is dictated by supply and demand. Average annual income is £25k, so a couple earning this should be able to borrow £175k, on your reckoning, which would buy a decent first time property at todays market rates, providing, of course,that they have the required deposit . A lot of people earn more than this and will use this spending power to buy the home they want, without being restricted by lending ratios.