Then people can buy food without any issues. Why does no one ask how much do you pay for rent/mortgage? Why should housing cost not be reduced that is eating up (pun intended) all the money you make? Then people can live their lives more meaningfully. If food comes before shelter in human need hierarchy then why does the final £20 used for good not the first? This will make you ask the right question that needs solving and its not price of food, its the price of housing.

Snippet from article Meanwhile more than a quarter of councillors - 19 out of 74 - did not vote after declaring an interest in the matter, according to the Local Democracy Reporting Service. That's 25% of councillors who have declared interest or benefit from housing within the area.

In 2019, FLA members provided £38 billion consumer car finance through point of sale. Add outstanding finance over the past few years the figure soon starts to add up. I take it there would be other lenders providing car finance too, If from Feb people are going to return their cars bought over the past few years because they can't afford or don't need them any more what happens then? It would be interesting to see how car industry handles this, as cars are generally the second biggest expense a family has. This could be a pre-cursor to what happens to housing loan in times to come. Hence posting this article here.

The BBC interviews some FTB'ers who look likely to miss out on buying a *new* home due to the ending of the HTB scheme. And as usual there's no analysis, think or balance, just some sob stories and an appeal for yet more market props.

Dr Tsui added: "These young people are so used to e-commerce, but at the same time have little experience in the financial world. That's why they are the most vulnerable group for a situation like this." All over the world financialisation of every aspect of life has made life difficult for young and the poor who rely on hard work for their living. People who make a living on shares, housing inflation are just as merry as before if not better of

Will this make the price of a house rise to the point where it is 20 x 12 times the monthly rental price for a similar house in the area? And will the price then stabilise there? It seems that most people aren't bothered about the actual price they agree to pay for the house, but only their monthly outgoing.

Posted by cornishman @ 08:25 AM 6 Comments

The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.