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If You Were Going To Write A Government Grey Paper...

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Was thinking about this morning. We do a lot of chat on here, which, lets face it, does little good whatsoever. So, I was thinking, why not write a grey paper and forward it off to the tories to see what they think?

My main idea would be around re-establishing the link of house prices with wages, possibly over two or three terms in office, whilst at the same time, revolutionising how individual debt is managed.

My idea revolves around limiting total debt as a proportion of take home salary, such that those with large outstanding debts are entitled to less mortgage debt than those with little consumer debt.

For example, legislation such that Experian monitor total issued and potential issued debt so that total car, mortgage consumer credit and overdraft payments cannot exceed more than 50% of individual take home debt. The extra 50% can be used for saving, investment or paying off the principal of outstanding debt. The mortgage rate used in the calc would be based on the long term average IR plus 2%, or around 8%.

Politically, it does not favour the rich or the poor, is fair and weens the public off of debt.

Other ideas:

HIPs to include sellers survey completed by recognised body (RICS associate) that will be accepted by all main banks. Survey will be completed prior to house going on market and will provide a valuation that must be included as advice to potential buyers. Buyer pays for HIP and initial survey on completion.

Large expansion in house building, particularly 3 bed+ with reasonable sized gardens, in green belt areas if neccessary. Modern drainage systems must be included as must modern energy saving features to deal with standing water issues.

The Tories current white paper on housing is an EXCELLENT read and states what we all know on here. It looks at the problems, however does not realistically deal with them. Why dont we club together and put some good ideas together together with an assessment of political issues with our plans and how the plans could be spun to defeat opposition from known VIs?

Tory housing white paper here:

http://www.conservatives.com/~/media/Files...er.ashx?dl=true

Edited by mbga9pgf

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Was thinking about this morning. We do a lot of chat on here, which, lets face it, does little good whatsoever. So, I was thinking, why not write a grey paper and forward it off to the tories to see what they think?

My main idea would be around re-establishing the link of house prices with wages, possibly over two or three terms in office, whilst at the same time, revolutionising how individual debt is managed.

My idea revolves around limiting total debt as a proportion of take home salary, such that those with large outstanding debts are entitled to less mortgage debt than those with little consumer debt.

For example, legislation such that Experian monitor total issued and potential issued debt so that total car, mortgage consumer credit and overdraft payments cannot exceed more than 50% of individual take home debt. The extra 50% can be used for saving, investment or paying off the principal of outstanding debt. The mortgage rate used in the calc would be based on the long term average IR plus 2%, or around 8%.

Politically, it does not favour the rich or the poor, is fair and weens the public off of debt.

Other ideas:

HIPs to include sellers survey completed by recognised body (RICS associate) that will be accepted by all main banks. Survey will be completed prior to house going on market and will provide a valuation that must be included as advice to potential buyers. Buyer pays for HIP and initial survey on completion.

Large expansion in house building, particularly 3 bed+ with reasonable sized gardens, in green belt areas if neccessary. Modern drainage systems must be included as must modern energy saving features to deal with standing water issues.

The Tories current white paper on housing is an EXCELLENT read and states what we all know on here. It looks at the problems, however does not realistically deal with them. Why dont we club together and put some good ideas together together with an assessment of political issues with our plans and how the plans could be spun to defeat opposition from known VIs?

Tory housing white paper here:

http://www.conservatives.com/~/media/Files...er.ashx?dl=true

From the paper:

"Gordon Brown’s second error of judgement was his fervent but erroneous belief that top-down control of the

British economy and society would deliver results. Labour’s obsession with centralisation and determination to

overlay unaccountable bureaucracy on every sphere of British life led to a severe shortage of new housing."

The kind of micro-management of individuals' finances you're suggesting is not in-tune with Conservative philosophy. Nor can it be fair to all, or at all times.

The free-market way would be to make sure that lenders and borrowers take the consequences of their decisions, instead of shuffling the downside/risk off elsewhere. Obviously, that consequence-taking doesn't happen at the moment (whether it's a bank shareholder being bailed out, or a depositor getting his money back under the FSCS, or a mortgagor kept in his house by state payments). That's the area that needs to be addressed IMO.

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Was thinking about this morning. We do a lot of chat on here, which, lets face it, does little good whatsoever. So, I was thinking, why not write a grey paper and forward it off to the tories to see what they think?

My main idea would be around re-establishing the link of house prices with wages, possibly over two or three terms in office, whilst at the same time, revolutionising how individual debt is managed.

My idea revolves around limiting total debt as a proportion of take home salary, such that those with large outstanding debts are entitled to less mortgage debt than those with little consumer debt.

For example, legislation such that Experian monitor total issued and potential issued debt so that total car, mortgage consumer credit and overdraft payments cannot exceed more than 50% of individual take home debt. The extra 50% can be used for saving, investment or paying off the principal of outstanding debt. The mortgage rate used in the calc would be based on the long term average IR plus 2%, or around 8%.

Politically, it does not favour the rich or the poor, is fair and weens the public off of debt.

Other ideas:

HIPs to include sellers survey completed by recognised body (RICS associate) that will be accepted by all main banks. Survey will be completed prior to house going on market and will provide a valuation that must be included as advice to potential buyers. Buyer pays for HIP and initial survey on completion.

Large expansion in house building, particularly 3 bed+ with reasonable sized gardens, in green belt areas if neccessary. Modern drainage systems must be included as must modern energy saving features to deal with standing water issues.

The Tories current white paper on housing is an EXCELLENT read and states what we all know on here. It looks at the problems, however does not realistically deal with them. Why dont we club together and put some good ideas together together with an assessment of political issues with our plans and how the plans could be spun to defeat opposition from known VIs?

Tory housing white paper here:

http://www.conservatives.com/~/media/Files...er.ashx?dl=true

The Tories were in power for most of the twentieth century. If they couldn't get it right when in office for a hundred years why would they do any better now?

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The Tories were in power for most of the twentieth century. If they couldn't get it right when in office for a hundred years why would they do any better now?

I take it you havent got a grip of when house prices all sense of reality... and it wasnt under tory watch.

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