Originally Posted by
Jules88
Many on this board ( Maybe) will have a Pension scheme. They will invest in their pension, and think that the money fairies make it double up. Treble up... and so on. Happy to take said Pension from institutions that invest money in numerous schemes the investor in a Pension withdraws their pension often oblivious to the way in which said Pension has grown.
No different to what these people do.
Often the “Young People” can’t afford, nor save for deposits, often they are in circumstances where they can’t afford a mortgage, maybe paying for two families and can’t get the backing, rental is sometimes the only option.
Mortgages are hard to come by, a grand deposit and a higher than mortgage rent, for decent accommodation is sometimes what people need.
NOT THE BEST SITUATION, I AGREE, we would all like to see affordable housing, ....but sometimes it’s better than unscrupulous, unregulated Landlords that we had in the past.
I don’t agree that these companies sell “Nightmares”. They sometimes are the only way that certain families can get a decent roof over their head.
Until they became the main Sponsor, I haven’t heard anyone having issues.
And before anyone asks.....Yes, I Have been in a situation where I have rented, can’t get a Mortgage, paid for two families, and been desperate for a decent place to have my kids stay at weekends. Sometimes you just have to pay “dead money”
I don’t know wether the business is a reputable, law abiding one or not, but I do know that when you’ve walked in MY shoes, sometimes paying a bit more than you would for a Mortgage is irrelevant, and you don’t care if someone’s making money. It’s about the service they provide for you. I don’t see it as worse than a betting company. In fact the only thing worse than that would be a French or Polish Energy Company.