Cable Forum - View Single Post - Pay millennials £10,000 and tax working pensioners

nomadking · 09-05-2018, 07:58

Where properties in London are being sold to investors, they are the top-end expensive properties that people couldn't afford even with an extra £10,000.

The central problem is this nonsense of "getting on the property ladder". It is this notion of getting easy free money was a large cause of the banking crisis. It was people not paying back their loans/mortgages that caused the problems. That was the source of the bank losses.

People complained that unaffordable mortgages had been too easy to obtain, so the rules were changed to make to more difficult, and now people are complaining about that.

09-05-2018, 07:58	#15
nomadking cf.mega poster Join Date: Apr 2004 Location: Northampton Services: Virgin Media TV&BB 350Mb, V6 STB Posts: 8,153	Re: Pay millennials £10,000 and tax working pensioners Where properties in London are being sold to investors, they are the top-end expensive properties that people couldn't afford even with an extra £10,000. The central problem is this nonsense of "getting on the property ladder". It is this notion of getting easy free money was a large cause of the banking crisis. It was people not paying back their loans/mortgages that caused the problems. That was the source of the bank losses. People complained that unaffordable mortgages had been too easy to obtain, so the rules were changed to make to more difficult, and now people are complaining about that.