LEAVE the Conservative Party and save your country!
Comments
-
@Jezyboy Yes, it is the Midlands. You are right, lots of areas both East and West Mids have massively increased in price in the last few years. Could well be WFH playing a factor in this.
The age demographic also seems to be a big part of it, lots of young families under 40 (certainly in the areas I was looking) keen for bigger homes, coupled with lots of family homes being kept on by retired couples and widow(ers), has meant demand massively outstripping supply. It has quietened down now, but at one point any half decent semi or detached property was selling within days.
0 -
Insofar as you have defined pensioners as over 50s, yes.rick_chasey said:
I was under the impression the vast majority of pensioners were without a mortgage.First.Aspect said:
No everyone plans their life and career with a fantastic chart like you RC. And you don't know what you don't know, and in your case that's your future.rick_chasey said:
Well yes that's a given but why in this specific instance?First.Aspect said:
You are a simpletonrick_chasey said:It's also a desperate electoral sop because lets' be honest, your average over 50 tory voter is not worrying about the cost of their mortgage. Or if they are, retirement is not going to plan...!
Is that wrong?0 -
His one and only misdemeanour was the one he was fined for, he should act with honesty and integrity an support the committee.Jezyboy said:
Because he needs to have one eye towards an election, and has been presented with an opportunity to really make a statement.surrey_commuter said:
Think about the Tory party membeship and I bet it is stuffed full of people like Nadine Dorries who Boris can de-knicker form 100 metres.briantrumpet said:What was that about 'integrity', Sunak?
WTF is he so scared of?
Why annoy them when you can find a good excuse to make yourself scarce?
Yeah….0 -
No. Tory voters are over 50.First.Aspect said:
Insofar as you have defined pensioners as over 50s, yes.rick_chasey said:
I was under the impression the vast majority of pensioners were without a mortgage.First.Aspect said:
No everyone plans their life and career with a fantastic chart like you RC. And you don't know what you don't know, and in your case that's your future.rick_chasey said:
Well yes that's a given but why in this specific instance?First.Aspect said:
You are a simpletonrick_chasey said:It's also a desperate electoral sop because lets' be honest, your average over 50 tory voter is not worrying about the cost of their mortgage. Or if they are, retirement is not going to plan...!
Is that wrong?
Majority of over 50s are pensioners.0 -
kingstongraham said:
Doesn't it depend when that was sent out whether it's an issue or not? The regulations were changing all the time then. Obviously the party happening was a disgrace.photonic69 said:Tory Party Party - it gets worse!
https://www.bbc.co.uk/news/uk-politics-65952298
I'm sure that at no point in the months leading up to that party date and extending into the New Year after it, was that sort of gathering ever acceptable. So, no. It will be an issue.Sometimes. Maybe. Possibly.
0 -
Agreed. The "Rule of 6" was in force from some time in October 2020. It came in shortly before we were meant to be going on hols as a group of 8.photonic69 said:kingstongraham said:
Doesn't it depend when that was sent out whether it's an issue or not? The regulations were changing all the time then. Obviously the party happening was a disgrace.photonic69 said:Tory Party Party - it gets worse!
https://www.bbc.co.uk/news/uk-politics-65952298
I'm sure that at no point in the months leading up to that party date and extending into the New Year after it, was that sort of gathering ever acceptable. So, no. It will be an issue.
The different tier stuff imposed restrictions ranging from restrictive to very restrictive rather than allowing parties somewhere but not elsewhere.0 -
Probably right.wallace_and_gromit said:
Agreed. The "Rule of 6" was in force from some time in October 2020. It came in shortly before we were meant to be going on hols as a group of 8.photonic69 said:kingstongraham said:
Doesn't it depend when that was sent out whether it's an issue or not? The regulations were changing all the time then. Obviously the party happening was a disgrace.photonic69 said:Tory Party Party - it gets worse!
https://www.bbc.co.uk/news/uk-politics-65952298
I'm sure that at no point in the months leading up to that party date and extending into the New Year after it, was that sort of gathering ever acceptable. So, no. It will be an issue.
The different tier stuff imposed restrictions ranging from restrictive to very restrictive rather than allowing parties somewhere but not elsewhere.
I've checked and I went out for a (legal) meal in a restaurant on 12th December 2020 and remember being certain there was another full lockdown coming.0 -
Yes and they needn't bother coming further north 'cos I like the quiet roads around here.Jezyboy said:
On the final point, assuming your username isn't just for fun, parts of the Midlands seem to have seen some shocking rises since COVID, that don't seem to (quite) be reflected further south. I blame this on WfH encouraging people to live further out than they previously would.MidlandsGrimpeur2 said:There will be people who have a far better understanding of economics, and housing/mortgages than I do, but surely the low interest rates we have had for a number of years has always had the potential to end up in the impending crisis people are now facing?
It seems low interest rates have also encouraged people to buy houses beyond their means, and also perhaps accounts for a lot of the inflated prices we have seen in the housing market as people have overpaid in order to secure a property, and benefitted from low mortgage repayments.
I have also been staggered by the price increases on many properties I have viewed over the last 12 months. Houses going on the market that the current owners purchased within the last three years going up anywhere from 45-65% is pretty standard. The whole market has been unsustainable for some time surely?seanoconn - gruagach craic!0 -
Top tip. If you find somewhere you like keep it quiet. Posting nice places on socials brings crowds which spoils why you liked it in the first place. Isn't it always raining up there? 😉pinno said:
Yes and they needn't bother coming further north 'cos I like the quiet roads around here.Jezyboy said:
On the final point, assuming your username isn't just for fun, parts of the Midlands seem to have seen some shocking rises since COVID, that don't seem to (quite) be reflected further south. I blame this on WfH encouraging people to live further out than they previously would.MidlandsGrimpeur2 said:There will be people who have a far better understanding of economics, and housing/mortgages than I do, but surely the low interest rates we have had for a number of years has always had the potential to end up in the impending crisis people are now facing?
It seems low interest rates have also encouraged people to buy houses beyond their means, and also perhaps accounts for a lot of the inflated prices we have seen in the housing market as people have overpaid in order to secure a property, and benefitted from low mortgage repayments.
I have also been staggered by the price increases on many properties I have viewed over the last 12 months. Houses going on the market that the current owners purchased within the last three years going up anywhere from 45-65% is pretty standard. The whole market has been unsustainable for some time surely?The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.1 -
We're in a white bit:pblakeney said:
Top tip. If you find somewhere you like keep it quiet. Posting nice places on socials brings crowds which spoils why you liked it in the first place. Isn't it always raining up there? 😉pinno said:
Yes and they needn't bother coming further north 'cos I like the quiet roads around here.Jezyboy said:
On the final point, assuming your username isn't just for fun, parts of the Midlands seem to have seen some shocking rises since COVID, that don't seem to (quite) be reflected further south. I blame this on WfH encouraging people to live further out than they previously would.MidlandsGrimpeur2 said:There will be people who have a far better understanding of economics, and housing/mortgages than I do, but surely the low interest rates we have had for a number of years has always had the potential to end up in the impending crisis people are now facing?
It seems low interest rates have also encouraged people to buy houses beyond their means, and also perhaps accounts for a lot of the inflated prices we have seen in the housing market as people have overpaid in order to secure a property, and benefitted from low mortgage repayments.
I have also been staggered by the price increases on many properties I have viewed over the last 12 months. Houses going on the market that the current owners purchased within the last three years going up anywhere from 45-65% is pretty standard. The whole market has been unsustainable for some time surely?
seanoconn - gruagach craic!0 -
Caught up with an ex-colleague today who despite nominally being employed at his company’s Bristol office has moved back to his home town of Middlesbrough (no, I don’t understand it either).Jezyboy said:
On the final point, assuming your username isn't just for fun, parts of the Midlands seem to have seen some shocking rises since COVID, that don't seem to (quite) be reflected further south. I blame this on WfH encouraging people to live further out than they previously would.MidlandsGrimpeur2 said:There will be people who have a far better understanding of economics, and housing/mortgages than I do, but surely the low interest rates we have had for a number of years has always had the potential to end up in the impending crisis people are now facing?
It seems low interest rates have also encouraged people to buy houses beyond their means, and also perhaps accounts for a lot of the inflated prices we have seen in the housing market as people have overpaid in order to secure a property, and benefitted from low mortgage repayments.
I have also been staggered by the price increases on many properties I have viewed over the last 12 months. Houses going on the market that the current owners purchased within the last three years going up anywhere from 45-65% is pretty standard. The whole market has been unsustainable for some time surely?
House prices in my neck of the woods have increased massively since the tolls on the Severn Bridges were stopped. Pretty meaningless though as the same will apply to anything I’m likely to buy.0 -
Caught up with an ex-colleague today who despite nominally being employed at his company’s Bristol office has moved back to his home town of Middlesbrough (no, I don’t understand it either).
Perhaps he really missed chicken parmo's! A mate of mine who I worked with in London is from Boro. When he moved down south all his mates said "what do you want to live in London for, what's there in London you don't have in 'Boro?" 😄0 -
Ah well, I tried. 🤣 All you are doing is attracting people to your quiet place.pinno said:
We're in a white bit:pblakeney said:
Top tip. If you find somewhere you like keep it quiet. Posting nice places on socials brings crowds which spoils why you liked it in the first place. Isn't it always raining up there? 😉pinno said:
Yes and they needn't bother coming further north 'cos I like the quiet roads around here.Jezyboy said:
On the final point, assuming your username isn't just for fun, parts of the Midlands seem to have seen some shocking rises since COVID, that don't seem to (quite) be reflected further south. I blame this on WfH encouraging people to live further out than they previously would.MidlandsGrimpeur2 said:There will be people who have a far better understanding of economics, and housing/mortgages than I do, but surely the low interest rates we have had for a number of years has always had the potential to end up in the impending crisis people are now facing?
It seems low interest rates have also encouraged people to buy houses beyond their means, and also perhaps accounts for a lot of the inflated prices we have seen in the housing market as people have overpaid in order to secure a property, and benefitted from low mortgage repayments.
I have also been staggered by the price increases on many properties I have viewed over the last 12 months. Houses going on the market that the current owners purchased within the last three years going up anywhere from 45-65% is pretty standard. The whole market has been unsustainable for some time surely?
Keeps my area quiet so carry on. 👍The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Quite frankly, the Telegraph is just embarrassing these days.
I think the piece might have been pulled now, but the fact that they fell for it, despite it already having been pushed and debunked in the US, tells you much about the paper's descent into reactionary trashiness.0 -
Media have moved on and collectively decided that stupid sub is the most important story of the week.0
-
And then a Tory government minister not pushing back on the BS, and conflating it with gender identity. Just extraordinary.
0 -
0
-
Well, I guess it makes a change from blaming Corbyn, the EU, or the Bank of England.
0 -
WTF is going on with the telegraph logo.
Are they going to blame Pitt the younger for introducing income tax?1 -
rick_chasey said:
Are they going to blame Pitt the younger for introducing income tax?
Give it time... he must have been a socialist, after all, introducing taxes.0 -
Is the cost of living crisis down to an extra £25 a month?0
-
To be fair, the article says why it wouldn't:briantrumpet said:Well, I guess it makes a change from blaming Corbyn, the EU, or the Bank of England.
Stephen Millard, deputy director for macroeconomics at the National Institute of Economic and Social Research, warned that any help provided by the Government could further stoke inflation because it would give households extra money to spend elsewhere.
If it is inflationary, the Bank of England will respond by pushing interest rates up, which he said would defeat the purpose of the policy.0 -
Yes. We've spoken a lot about MMT as it relates to debt, but not really as it relates to inflation. The rub is you can borrow whatever you want *if you use tax and gov't expenditure (i.e. higher taxes and or cutting gov't spending) mechanistically to cut inflation*0
-
First.Aspect said:
Is the cost of living crisis down to an extra £25 a month?
It' not even very good deflection. I think by this stage a lot of people will be thinking "Pfft, *only* £270?!"1 -
I can't think of anything more socialist than intervening in the mortgage market. Mind you, I suppose it's on-brand, as all the extra dosh will be recycled to the banks in increased profits, one way or another, paid for by taxpayers.0
-
3 -
It would be fair to intervene to do something for people stuck on SVRs from years ago who are told they can't remortgage to a cheaper deal because they now fail affordability rules.0
-
In reality I do not see how you would make govt spending counter cyclical unless you passed legislation that took it out of the hands of politicians.rick_chasey said:Yes. We've spoken a lot about MMT as it relates to debt, but not really as it relates to inflation. The rub is you can borrow whatever you want *if you use tax and gov't expenditure (i.e. higher taxes and or cutting gov't spending) mechanistically to cut inflation*
Right now with inflation booming you would be imposing a pay freeze across the public sector with a promise of making it up when the economy and inflation was sluggish0 -
It is genuinely making my head hurt trying to understand why I would be asked to help somebody pay their mortgage because they made a bad decisionkingstongraham said:It would be fair to intervene to do something for people stuck on SVRs from years ago who are told they can't remortgage to a cheaper deal because they now fail affordability rules.
0 -
surrey_commuter said:
It is genuinely making my head hurt trying to understand why I would be asked to help somebody pay their mortgage because they made a bad decisionkingstongraham said:It would be fair to intervene to do something for people stuck on SVRs from years ago who are told they can't remortgage to a cheaper deal because they now fail affordability rules.
Quite. "Interest rates may rise". I'm not sure what warnings must be given when mortgage offers are made, but surely there's an inherent and obvious risk when rates were under 2%, even if it's not spelt out in black and white.0
