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BlokeInDurham

UK tenants paid record £50bn in rents in 2017 (Guardian)

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It really illustrates how broken our society has become.  I really hate low interest rates, part of the reason for this disparity.  Low interest rates are destroying our country.

As an aside, has anyone noticed how the chief CIA bod in Modus looks like Carney?

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......wait till have to pay-as-you-go to use the roads and access to a health service.......add it to the university bill.;)

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Falling homeownership + rising rents as a share of the economy = bye bye Tories

Osborne understood it - renters don't vote Conservative.

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I heard at the weekend that there’s a lot of Build to Rent development being applied for here in Belfast at the moment.

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27 minutes ago, Dorkins said:

Falling homeownership + rising rents as a share of the economy = bye bye Tories

Osborne understood it - renters don't vote Conservative.

 

hardly, theres a new breed of DEBTjunkie arising, the scumbag tenant BTLer 

 

can't afford to buy? no problem, just rent, then snap up a couple of cheeky BTLs, make some poor scumbag tenants pay your (IO) mortgages off for you whilst you pay the rent on a roomshare in an HMO.

 

in thirty years time some poor sap has paid your (IO) mortgage off for you whilst you've been sitting back watching the coin roll in

 

now figure that one out...

 

Edited by thewig

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45 minutes ago, oatbake said:

I think you'll find it's the taxpayer that is fitting a lot of the bill...

Fine by me, gives the government more of an incentive to sort the situation out. They're not going to be able to afford crowd-pleasing spending on schools and hospitals and pension triple locks when they're chucking £50bn at rents every year.

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"Low interest rates are destroying our country."

Low interest rates are the reason the economy has done so well in the last few years I am guessing you do not own your own business. 

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11 minutes ago, happyguy said:

"Low interest rates are destroying our country."

Low interest rates are the reason the economy has done so well in the last few years I am guessing you do not own your own business. 

I assume you are joking.  Low interest rates have helped plenty of zombie business to limp along with the help of the benefits system supporting poor wages.  In what way is our economy doing well?

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On ‎12‎/‎02‎/‎2018 at 3:41 PM, thewig said:

 

hardly, theres a new breed of DEBTjunkie arising, the scumbag tenant BTLer 

 

can't afford to buy? no problem, just rent, then snap up a couple of cheeky BTLs, make some poor scumbag tenants pay your (IO) mortgages off for you whilst you pay the rent on a roomshare in an HMO.

 

in thirty years time some poor sap has paid your (IO) mortgage off for you whilst you've been sitting back watching the coin roll in

 

now figure that one out...

 

It's a common one I've come across. Can't afford to buy in London? Buy somewhere cheaper whilst continuing to rent.

Makes no sense to me.

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21 hours ago, Dorkins said:

Fine by me, gives the government more of an incentive to sort the situation out. They're not going to be able to afford crowd-pleasing spending on schools and hospitals and pension triple locks when they're chucking £50bn at rents every year.

It’s not £50 billion.. as generation rent retire this will go up like a rocket.. 

ONS said an extra £43 billion on housing benefit would’ve required by 2030 to pay for a retiring generation rent.. 

remember pensions are looking a bit bankrupt as well.. 

this at a time when we are slashing the police budget by £750 million to save money? WTF

rental cost will bankrupt the government! 

OR

they will use rent payments as an excuse to privatise the NHS due to lack of money.  These lowlife MP’s are the true evil.. 

it can all be fixed they just don’t want too.. 

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11 minutes ago, macca13 said:

rental cost will bankrupt the government! 

Good - they won't be able to afford to pump house prices when they're bankrupt.

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