General election 2019

[lapsedhibee]

This quote is hidden because you are ignoring this member. Show Quote

Maybe scrapping the Scotland Act?

Maybe all sorts of stuff. That's the beauty of reducing almost your entire plan for government to an inane three word, four syllable slogan. (That and a promise to increase the living wage, which has now been downgraded to an aspiration.)

[cabbageandribs1875]

another pre-election tory promise bites the dust https://www.thelondoneconomic.com/po...dyHISqWZA0hiOA


Tories break promise on minimum wage hike just a week into their administration

The news will come as a bitter blow to the blue collar workers who reportedly 'lent' their vote to the Conservatives in this election.

The Conservatives pledged to hike the minimum wage to £10.50 an hour within five years in its manifesto, but today’s Queen’s Speech includes a cheeky get-out clause.
The increase will now only happen “provided economic conditions allow”.

they didn't half suck some suckers in eh although i suspect those who voted tory already knew they were lying, their leader doesn't know how not to lie, the english trump

[marinello59]

This quote is hidden because you are ignoring this member. Show Quote

another pre-election tory promise bites the dust https://www.thelondoneconomic.com/po...dyHISqWZA0hiOA


Tories break promise on minimum wage hike just a week into their administration

The news will come as a bitter blow to the blue collar workers who reportedly 'lent' their vote to the Conservatives in this election.

The Conservatives pledged to hike the minimum wage to £10.50 an hour within five years in its manifesto, but today’s Queen’s Speech includes a cheeky get-out clause.
The increase will now only happen “provided economic conditions allow”.

they didn't half suck some suckers in eh although i suspect those who voted tory already knew they were lying, their leader doesn't know how not to lie, the english trump

But they are the Party of the People. Old Etonians know what’s going on.

[Bangkok Hibby]

This quote is hidden because you are ignoring this member. Show Quote

another pre-election tory promise bites the dust https://www.thelondoneconomic.com/po...dyHISqWZA0hiOA


Tories break promise on minimum wage hike just a week into their administration

The news will come as a bitter blow to the blue collar workers who reportedly 'lent' their vote to the Conservatives in this election.

The Conservatives pledged to hike the minimum wage to £10.50 an hour within five years in its manifesto, but today’s Queen’s Speech includes a cheeky get-out clause.
The increase will now only happen “provided economic conditions allow”.

they didn't half suck some suckers in eh although i suspect those who voted tory already knew they were lying, their leader doesn't know how not to lie, the english trump

I'm so pleased I no longer live in the UK. The utter selfishness, aligned with gullibility of the voting public is breathtaking.

[CraigyHibee07]

This quote is hidden because you are ignoring this member. Show Quote

another pre-election tory promise bites the dust https://www.thelondoneconomic.com/po...dyHISqWZA0hiOA


Tories break promise on minimum wage hike just a week into their administration

The news will come as a bitter blow to the blue collar workers who reportedly 'lent' their vote to the Conservatives in this election.

The Conservatives pledged to hike the minimum wage to £10.50 an hour within five years in its manifesto, but today’s Queen’s Speech includes a cheeky get-out clause.
The increase will now only happen “provided economic conditions allow”.

they didn't half suck some suckers in eh although i suspect those who voted tory already knew they were lying, their leader doesn't know how not to lie, the english trump

It will happen following the 2020 crash and a steep rise in inflation.

I tried to warn people about this pledge. You never ever trust government when they make pledges in money terms as opposed to real terms. People earning £10.50 an hour in five years time will be worse off finanically compared to those earning £8.21 an hour right now.

[CloudSquall]

Some interesting election maps based on how different age groups voted,

https://twitter.com/ElectionMapsUK/s...11500065574912

[Mon Dieu4]

This quote is hidden because you are ignoring this member. Show Quote

Some interesting election maps based on how different age groups voted,

https://twitter.com/ElectionMapsUK/s...11500065574912

I know it's said that as you grow older you get more conservative but we live in a different world now and they must have real fears for the future with those breakdowns, they are ****ed, the younger generations want better and different, good to see

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

I know it's said that as you grow older you get more conservative but we live in a different world now and they must have real fears for the future with those breakdowns, they are ****ed, the younger generations want better and different, good to see

One of the reasons you become conservative as you grow older is you accumulate assets (house mostly) and you want to protect them. This generation of young people are being locked out the housing market these days due to the changes made in 2008. How that may change the drift to conservatism for them will be interesting.


Sent from my iPhone using Tapatalk

[Cataplana]

This quote is hidden because you are ignoring this member. Show Quote

One of the reasons you become conservative as you grow older is you accumulate assets (house mostly) and you want to protect them. This generation of young people are being locked out the housing market these days due to the changes made in 2008. How that may change the drift to conservatism for them will be interesting.


Sent from my iPhone using Tapatalk

They are not being locked out of the housing market, they are choosing to spend money on other things, rather than save.

[Callum_62]

This quote is hidden because you are ignoring this member. Show Quote

They are not being locked out of the housing market, they are choosing to spend money on other things, rather than save.

Not sure you are correct there. The rules around obtaining a mortgage here ARE much stricter than other countries we have been in. 2008 the reason for this

Sent from my VOG-L29 using Tapatalk

[Cataplana]

This quote is hidden because you are ignoring this member. Show Quote

Not sure you are correct there. The rules around obtaining a mortgage here ARE much stricter than other countries we have been in. 2008 the reason for this

Sent from my VOG-L29 using Tapatalk

I would say if you chose to drive nice cars, spend £1000 on a mobile phone, and go on two holidays a year, then you might have money to save

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

They are not being locked out of the housing market, they are choosing to spend money on other things, rather than save.

I was no better at managing my money when I was younger but still managed to buy my first house (flat on Leith for £19k) when I was 19 with a 100% mortgage. I had no savings at the time.
Youngster can’t do that now and it’s a bloody shame.


Sent from my iPhone using Tapatalk

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

They are not being locked out of the housing market, they are choosing to spend money on other things, rather than save.

I was no better at managing my money when I was younger but still managed to buy my first house (flat on Leith for £19k) when I was 19 with a 100% mortgage. I had no savings at the time.
Youngster can’t do that now and it’s a bloody shame.


Sent from my iPhone using Tapatalk

[Cataplana]

This quote is hidden because you are ignoring this member. Show Quote

I was no better at managing my money when I was younger but still managed to buy my first house (flat on Leith for £19k) when I was 19 with a 100% mortgage. I had no savings at the time.
Youngster can’t do that now and it’s a bloody shame.


Sent from my iPhone using Tapatalk

I remember saving for a deposit for two and a bit years, these were the days before 100% mortgages.

[RyeSloan]

This quote is hidden because you are ignoring this member. Show Quote

I remember saving for a deposit for two and a bit years, these were the days before 100% mortgages.

Taking average salary though the price of a house has effectively doubled since the 70’s from around 3x to about 6x.

There is no doubt buying a house now is harder due to the above inflation / salary rises in housing over the decades and now with the stricter affordability tests.

That said interest rates are mega lower so the long term costs may not be overly different <dunno>.

[Moulin Yarns]

This quote is hidden because you are ignoring this member. Show Quote

Taking average salary though the price of a house has effectively doubled since the 70’s from around 3x to about 6x.

There is no doubt buying a house now is harder due to the above inflation / salary rises in housing over the decades and now with the stricter affordability tests.

That said interest rates are mega lower so the long term costs may not be overly different <dunno>.

Interest rates were around 12% when I was buying my first flat in 1979.

[Cataplana]

This quote is hidden because you are ignoring this member. Show Quote

Interest rates were around 12% when I was buying my first flat in 1979.

IIRC they went as high as 17%. People were constantly worrying about changes in the rate.

Funnily enough going into the EU was one of the things that stabilized, and lowered them.

[Moulin Yarns]

This quote is hidden because you are ignoring this member. Show Quote

IIRC they went as high as 17%. People were constantly worrying about changes in the rate.

Funnily enough going into the EU was one of the things that stabilized, and lowered them.

Right enough. My flat didn't have a bathroom so was substandard. I couldn't get a building society mortgage but got a loan from the council at 1.5% above the mortgage rate. But it was fixed and the mortgage rate kept going up. 😁

[Cataplana]

This quote is hidden because you are ignoring this member. Show Quote

Right enough. My flat didn't have a bathroom so was substandard. I couldn't get a building society mortgage but got a loan from the council at 1.5% above the mortgage rate. But it was fixed and the mortgage rate kept going up. 😁

Luxury!

[Moulin Yarns]

This quote is hidden because you are ignoring this member. Show Quote

Luxury!

Just looked at it on zoopla. I paid £4,000 in 1979, it sold in 2013 for £51,000. A 1 bedroom flat, in Grangemouth.

[GlesgaeHibby]

Conditions are definitely improving for first time buyers. They now make up biggest portion of mortgage lending in UK, with numbers back to pre 2008 levels. Lenders are also lending more at higher LTVs of 90 and 95% which also helps.

[Ozyhibby]

It’s not affordability that is the problem just now for young people, it’s getting the deposit. With low interest rates, most of them are probably paying more in rent than the mortgage payment would be anyway.
To buy in Edinburgh just now requires about a £30k deposit and that’s a lot for young people to save up.



Sent from my iPhone using Tapatalk

[Sir David Gray]

This quote is hidden because you are ignoring this member. Show Quote

If you're big enough to give your opinion you should be able to take what I said.

Your "less than half the vote" "stuff" strikes me as straw clutching in the extreme, as is the much cited "once in a generation" line, which was never official and was only said once in an interview.

I'm big enough to take criticism of things I actually say on here, I'm not expecting people to agree with me all the time. Healthy debate and grown up disagreements are fine.

It was the point about assuming about the "stuff" I'm going to be coming out with next that I had a problem with, assuming that I'm going along with anything the Unionist parties say about how the 2014 vote was once in a generation stuff. The SNP are the largest party in Scotland by a considerable distance and I accept that their popularity along with the fact that the political landscape has shifted significantly enough in the last 5 years that another vote is probably justified.

They won't be winning any referendum with 46% of the vote though so they'll need to convince everyone who voted for them and the Greens the other week to vote for independence AND get another 4.01% who voted for one of the Unionist parties to vote for independence.

It's not outwith the realms of possibilities but I'm not sure it's necessarily as much of a given that Nicola Sturgeon et al think that it is.

[Moulin Yarns]

This quote is hidden because you are ignoring this member. Show Quote

I'm big enough to take criticism of things I actually say on here, I'm not expecting people to agree with me all the time. Healthy debate and grown up disagreements are fine.

It was the point about assuming about the "stuff" I'm going to be coming out with next that I had a problem with, assuming that I'm going along with anything the Unionist parties say about how the 2014 vote was once in a generation stuff. The SNP are the largest party in Scotland by a considerable distance and I accept that their popularity along with the fact that the political landscape has shifted significantly enough in the last 5 years that another vote is probably justified.

They won't be winning any referendum with 46% of the vote though so they'll need to convince everyone who voted for them and the Greens the other week to vote for independence AND get another 4.01% who voted for one of the Unionist parties to vote for independence.

It's not outwith the realms of possibilities but I'm not sure it's necessarily as much of a given that Nicola Sturgeon et al think that it is.

There is this constant assumption, not getting at you BTW, that every Labour or libdem is automatically a no voter. Similarly not every snp voter actually supports independence.

It is less binary than that.

[Ozyhibby]

Just read this. A good common sense approach to the mortgage crisis.
https://digitaledition.telegraph.co....CEPDGCTPVKXNOA



Sent from my iPhone using Tapatalk

[Andy Bee]

This quote is hidden because you are ignoring this member. Show Quote

It’s not affordability that is the problem just now for young people, it’s getting the deposit. With low interest rates, most of them are probably paying more in rent than the mortgage payment would be anyway.
To buy in Edinburgh just now requires about a £30k deposit and that’s a lot for young people to save up.



Sent from my iPhone using Tapatalk

For a £100000 flat with the maximum LTV of 95% you'd pay £450 - £500 a month in mortgage payments for 25 years, that's pretty similar to what you'd pay in rent. The same for a £160000 flat/house you'd pay £750ish in mortgage payments a month which is also pretty similar to what you'd pay in rent. Renting isn't actually any more expensive than buying it's just the obvious bonus of owning the property when the mortgage is paid off that differs.

[Callum_62]

This quote is hidden because you are ignoring this member. Show Quote

For a £100000 flat with the maximum LTV of 95% you'd pay £450 - £500 a month in mortgage payments for 25 years, that's pretty similar to what you'd pay in rent. The same for a £160000 flat/house you'd pay £750ish in mortgage payments a month which is also pretty similar to what you'd pay in rent. Renting isn't actually any more expensive than buying it's just the obvious bonus of owning the property when the mortgage is paid off that differs.

But how do you get the 20k deposit?

Certainly challenging for younger People nowadays

My first mortgage was at 97.5pct. If I needed to find the 70k NZD deposit I simply wouldn't have been able to buy

Sent from my VOG-L29 using Tapatalk

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

For a £100000 flat with the maximum LTV of 95% you'd pay £450 - £500 a month in mortgage payments for 25 years, that's pretty similar to what you'd pay in rent. The same for a £160000 flat/house you'd pay £750ish in mortgage payments a month which is also pretty similar to what you'd pay in rent. Renting isn't actually any more expensive than buying it's just the obvious bonus of owning the property when the mortgage is paid off that differs.

Getting the mortgage is not easy and there are not that many 95% mortgages about. To get a mortgage with payments of £500 you will need to show you can afford £850 a month as part of the stress test. Most first time buyers have to put in 15%.


Sent from my iPhone using Tapatalk

[Andy Bee]

This quote is hidden because you are ignoring this member. Show Quote

Getting the mortgage is not easy and there are not that many 95% mortgages about. To get a mortgage with payments of £500 you will need to show you can afford £850 a month as part of the stress test. Most first time buyers have to put in 15%.


Sent from my iPhone using Tapatalk

I'm not saying it's easy to get a mortgage, I'm simply pointing out that the myth of renting being a lot more expensive than paying a mortgage isn't true, they're both pretty similar and sometimes renting is cheaper.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

I'm not saying it's easy to get a mortgage, I'm simply pointing out that the myth of renting being a lot more expensive than paying a mortgage isn't true, they're both pretty similar and sometimes renting is cheaper.

Sorry, missed your point. Yes renting can be cheaper. Especially when all the maintenance is done by the landlord.


Sent from my iPhone using Tapatalk