O/T - general election 2019

[ragingpup]

Your post and, in particular, the claim of a 'wealth grab' is sadly typical of the anti-business narrative that appears to currently drive Labour. It's also wrong

Higher earning multiple mortgages were a response to rising house prices, not the cause of them. That was solely down to supply failing to keep up with demand. As for allowing people to take mortgages that would not be repaid into the borrower's 70s, what are you suggesting? That lenders practice age discrimination? That would be illegal after the Equality Act came into force.

Again, you report the situation as inevitable, that there was no alternative, nothing we could do to prevent the situation that now leads to millions of people unable to enjoy the basic security that we elders enjoy.

I'm suggesting that people should not have been allowed to take out mortgages beyond the scope of what they could afford to repay and repayments lasting longer than when they were, in normal circumstances, expected to retire and live on a pension. Isn't that just common sense? Would it have been so awful to deny this elasticity to people who were always going to struggle to repay their mortgage, or at least be tied to it well into retirement when we have simply created a situation where many young people simply don't have the slightest chance of such security even though they have good jobs? Seems hugely stacked in favour of us baby boomers again.

[Exiletyke]

Your post and, in particular, the claim of a 'wealth grab' is sadly typical of the anti-business narrative that appears to currently drive Labour. It's also wrong

Higher earning multiple mortgages were a response to rising house prices, not the cause of them. That was solely down to supply failing to keep up with demand. As for allowing people to take mortgages that would not be repaid into the borrower's 70s, what are you suggesting? That lenders practice age discrimination? That would be illegal after the Equality Act came into force.

What a silly comment
Of course lenders practice age discrimination or are you saying that a lender would allow anyone to take out a mortgage at say 75 years of age?

[animallittle3]

Again, you report the situation as inevitable, that there was no alternative, nothing we could do to prevent the situation that now leads to millions of people unable to enjoy the basic security that we elders enjoy.

I'm suggesting that people should not have been allowed to take out mortgages beyond the scope of what they could afford to repay and repayments lasting longer than when they were, in normal circumstances, expected to retire and live on a pension. Isn't that just common sense? Would it have been so awful to deny this elasticity to people who were always going to struggle to repay their mortgage, or at least be tied to it well into retirement when we have simply created a situation where many young people simply don't have the slightest chance of such security even though they have good jobs? Seems hugely stacked in favour of us baby boomers again.

We are of course back to the winners and losers narrative that have engulfed us since 1979 .

The Thatcher years were possibly a 50 / 50 split across the UK as to who won and who lost .

As times rolled on the winners as a percentage seem to be dropping significantly and it's fair to say that we are entering a period where our kids won't be as wealthy as we are .

The winners are becoming more wealthy and this is the thing , wealthy enough at the very top end to command massive influence and power to keep things as they are thank you very much .

If trickle down economics worked then our kids would be as wealthy as we are at a minimum but as we know that is the biggest con trick ever played .

Back to basics Raging , house prices need a one off correction by building more social housing , seems pretty straightforward to me .

[CASPER-64-FRANK]

Why are some people resorting to such unsavoury language?

I has the misfortune of sitting next to someone on Saturday who used the most foul and abusive language towards the ref and lino I've ever heard at a football match. It was relentless and he was actually screaming in a high pitched voice he was that angry.
There were two young girls in front of me aged about 14 and 15 who looked like sisters with their Mum. Both kept looking at this idiot and with extreme distress on their faces after some of the words he was using.

Totally unecessary and a complete enbarrassment to be associated with our club.
WEst stand near the away fans and if that was anyone on this board please think before using language like that

You could always contact the club fb. You can do it anonymously, can't remember the number, you just need the seat number and leave the rest to the club.

[CASPER-64-FRANK]

.It's looking like the best Labour can do is achieve a minority Government .
Meanwhile Nigel Farage insists the claims he made about the Tories offering jobs to some of his Brexit Party candidates is " fact " and also says Politics is " corrupted ".....lol.

Jennifer Arcuri sounds like a woman scorned because Boris won't answer her phone calls or cuts her off and won't speak to her...lol

Politics eh.......

[WanChaiMiller]

If you post about 'rent and utility bills', I think it entirely reasonable for me to assume that you mean 'rent and utility bills'. You can’t seriously be arguing otherwise?

Yes agree. It was misleading and and error om my my part.

[KerrAvon]

Again, you report the situation as inevitable, that there was no alternative, nothing we could do to prevent the situation that now leads to millions of people unable to enjoy the basic security that we elders enjoy.

I'm suggesting that people should not have been allowed to take out mortgages beyond the scope of what they could afford to repay and repayments lasting longer than when they were, in normal circumstances, expected to retire and live on a pension. Isn't that just common sense? Would it have been so awful to deny this elasticity to people who were always going to struggle to repay their mortgage, or at least be tied to it well into retirement when we have simply created a situation where many young people simply don't have the slightest chance of such security even though they have good jobs? Seems hugely stacked in favour of us baby boomers again.

My posts have been entirely silent upon whether the current situation was inevitable. I was merely pointing out that it has nothing to do with lenders offering higher multiples and longer terms on mortgages.

I’m not sure that there was ever a significant amount of reckless lending and borrowing in the UK mortgage market and the risk of it happening has been greatly reduced by the imposition of affordability rules by the FSC. My point was and is that higher multiples and longer terms were a response to rising house prices and not the cause.

[KerrAvon]

We are of course back to the winners and losers narrative that have engulfed us since 1979 .

The Thatcher years were possibly a 50 / 50 split across the UK as to who won and who lost .

As times rolled on the winners as a percentage seem to be dropping significantly and it's fair to say that we are entering a period where our kids won't be as wealthy as we are .

The winners are becoming more wealthy and this is the thing , wealthy enough at the very top end to command massive influence and power to keep things as they are thank you very much .

If trickle down economics worked then our kids would be as wealthy as we are at a minimum but as we know that is the biggest con trick ever played .

Back to basics Raging , house prices need a one off correction by building more social housing , seems pretty straightforward to me .

There has always been a 'winners and losers narrative'. It's called human nature. If you want to see real inequalities in wealth and power, you generally need to look no further than the Socialist states that have grown up and then generally collapsed in misery for all the during the last century. Orwell was right.

Every generation meets different opportunities and challenges. It’s undoubtedly true that our generation has had it pretty good from a financial perspective. A couple of years ago, you yourself told Tykes Mad that you were sitting on wealth with which you intend to retire to Spain. As a good Socialist, shouldn’t you be voluntarily redistributing that to those in need, or is it the case that you are a standard Socialist and believe that it is only other people’s wealth that should be redistributed?

I’m not convinced that creating new council estates is the answer to our current problems or that saddling future generations with vast amounts of interest payments on additional government borrowing is something that they will thank us for.

[KerrAvon]

Yes agree. It was misleading and and error om my my part.

No worries.

[flourbasher]

You could always contact the club fb. You can do it anonymously, can't remember the number, you just need the seat number and leave the rest to the club.

Thanks for the advice Casps and noted.
I wish I had said something to him at the time. Can,t carry on like that with women and kids around