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Letter Of Complaint To My Mp

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Hello.

I recieved through my door, your 'dear resident' letter.

I am so utterly beyond sick of Labours lies, spin and theft, I have decided to put pen to paper.

I am a XX year old hardworking professional, earning above national average wage, who has been unable to afford a bedsit for ten years.

The truth is that there was never any 'political will' , under Labour to

allow the price of an average house, to be affordable for a person

earning average wage.

Our local Labour MP, it turns out was flipping houses, using taxpayers money, to buy and sell, making over £200,000.00 in profits from 2000-2007, whilst ignoring my emails telling her how useless the

First Time Buyer initative schemes were.

[is it too much to ask that our public servants do not enter office to become millionaires?]

We went to look at a house in 1999, priced at £66k.

I had to move for work purposes, and four months later we went back to have another look.

It had increased to £78k!

At that point we pulled away thinking it was a ridiculos increase.

Since then we have been forced to waste tens of thousands in rent.

[i will not let house prices get out of control. Gordon Brown 1997]

I looked into the housing initiatives every year, for 8 years, I talked to the housing associations, estate agents, house

builders, Joseph Rowntree trust, other trusts, and Homebuy agents for all the government schemes.

They were all completely useless.

The best shared ownership scheme the government offered was the FTBI scheme.

Whereupon, I would be required to purchase up to 50% of the property and pay rent

on the remaining percentage retained by the government, or trust. Paying equity

on a sliding scale after the first three years.

However, when you work out the repayments, with the interest, over the life of the mortage,and add the rent to this sum, it was nearly as expensive as purchasing the entire property!

The only government funded shared equity schemes, within 25 miles of me, fell into a number of different county councils territories.

And according to all the local County Councils, who i contacted, time and

time again, I had to have family, work, or some other form of ties to the area, to move there or live there!

The only people who took this up were certain 'key' workers!

It was a system designed NEVER to work. It was a smokescreen, so politicians could milk the system, and make huge profits,by flipping houses.

[Whether that was their intention or not. When the Daily Telegraph requested to

see the expenses under the freedom of information act, Labour did

everything possible to hide the house flipping expenses]

This is complicated theivery.

Browns expenses system turned our MP's into nothing more than property speculators.

Its truly unbelievable.

All we ever wanted was a small house and a decent job.

Now Im out of work due to the recession, running out of money, with no

redundancy pay, but I have 20k in savings so the job centre have said I

am not entitled to any money.

Yet I still have to find £650pcm rent.

Allof this because we did not get onto the ladder around 1999. If this

bubble had not been allowed to inflate, we would probably have got a

house by now, and paid off a large percentage of the mortgage.

In 1997 What the UK needed was some stability to allow us to get on with our lives.

[No more boom and bust. Gordon Brown]

Instead weve had a rollercoaster ride to hell under Labour.

The complete lack of regulation, [following Browns creation of the FSA,

and tripartite system which destroyed the ability of the BOE to 'watch' inflation,] and the

rise in the housing market really took off around 1999.

'From 1999 onwards mortgage-backed securities, [AAA rated financial

products,] which already represented one layer of packaging of debt,

started to be repackaged into CDOs, thus creating a Russian doll

product: a tranched, packaged product each component of which was

itself a tranche of a packaged product. Given their excellent

reputation, putting mortgage-backed securities rather than corporate

bonds or loans inside CDOs might seem a small step.

But In 1999 Bayerische Landesbank, which had become involved in the US mortgage market,

approached J.P. Morgan to package $14 billion of bundles of mortgages.

This was the beginning of huge packages of toxic mortgage debt being passed from one bank to another. This should never have been allowed to happen. It has created the biggest boom and bust the UK has ever seen. Allowing housing to balloon to completely unsustainable levels.

The Housing market cannot survive without FTBers. And they will not be

buying until the price of an average house, returns to circa 3.5x the

average salary......The average salary is 23k, and has hardly increased at all during the last decade.

[NOT the average salary OF A COUPLE. But of a single individual. As it was toward the end of the 20th Century.]

Average House Prices: Source: Nationwide.

2007 Q1 £175,554 !!!!!

2003 Q1 £119,938 !!!!!!

1999 Q1 £67,478

1997 Q1 £55,810

1995 Q1 £51,084

1987 Q1 £40,882

To return to historically sustainable levels, as per the chart above, the average house should be priced at around £75-80k.

NOT £175k Plus!!!!

Or do all you home owners believe that no hardworking young people in the

country should be allowed to have the opportunity you did, to own your

own property?

Because that is Labours legacy.

Every FTB has access to the internet. And Every FTB has educated himself

with the above figures.

The Housing ponzi scheme is over.

I, and every other FTB I know. Have one stipulaton when talking to Estate

Agents.

I am only interested in a property that is priced at its 1999 2000 price.

Location, size, etc are all secondary to that single criteria

It seems, that the government will now ensure that the housing Market will drag along the bottom for a decade, slowly coming down each year, with the government and Estate Agents etc , using lies and spin, to try and tell us that a bottom has finally been reached.

How the hell can someone earning £23k, average wage, afford a £175k house? Should we continue to borrow 5,6,7,8 x salary!!?

Isnt that what got us into this mess?

The government who allowed this to happen, and encouraged this disastrous

financial model, are now performing complicated theivery to steal our

taxes, devalue the pound in your pocket through QE, and steal Interest

Rates, believing we should all pay for this toxic housing bubble, even

those of us who do not own property!!!

Its theft. Plain and simple. Why should my taxes pay for your overinflated houses? [When you probably have a job and Ive just lost mine?]

It is the worst social injustice possible.

Over the next ten years, we will probably enter a Japan style recession.

Blame our Labour governmnet. It is certainly there fault as much as the

Banks. If not more.

The price of an average house needs to fall back in line with the average wage.

The housing CRASH IS the recovery.

People on tracker mortgages are paying pennies to stay in massively

artificially inflated houses, whilst we still have to find hundreds and

hundreds of pounds per month in rent.

Yet, having been priced out for ten years, we have already lost tens of thousands in rent......

The banks have now returned to sensible lending. 3.5 times salary

Banks like Lloyds have debt greater than our countries annual GDP. While our business's go under the bankers are getting richer.

Until there is real accountability there will never be a recovery.

Labour do not understand the concept of accountability.

The UK is governed by a completely corrupt elite.

Labour have destroyed the aspirations of generations, and words cannot

describe the hatred, ten years of this has made, many hundreds of thousands of people, if not millions, in my situation feel.

As though we have worked for nothing. We have no capital. No pension. Nothing to offer. People are putting their lives on hold. We have for a decade. All because we did not get onto the ladder in 1999. Not knowing that houses would be allowed to double by 2003.

This has damaged our lives.

I would hope you could try and put yourself in this position, and understand the frustration

and justifiable outrage everyone feels about what Labour have done and the

damage they are continuing to do.

Tha banks of course no longer have to bring house prices back down, as they are taxpayer funded. This is not a free market. Its theft. Its wrong. Its criminal.

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Hello.

I recieved through my door, your 'dear resident' letter.

I am so utterly beyond sick of Labours lies, spin and theft, I have decided to put pen to paper.

I am a XX year old hardworking professional, earning above national average wage, who has been unable to afford a bedsit for ten years.

The truth is that there was never any 'political will' , under Labour to

allow the price of an average house, to be affordable for a person

earning average wage.

Our local Labour MP, it turns out was flipping houses, using taxpayers money, to buy and sell, making over £200,000.00 in profits from 2000-2007, whilst ignoring my emails telling her how useless the

First Time Buyer initative schemes were.

[is it too much to ask that our public servants do not enter office to become millionaires?]

We went to look at a house in 1999, priced at £66k.

I had to move for work purposes, and four months later we went back to have another look.

It had increased to £78k!

At that point we pulled away thinking it was a ridiculos increase.

Since then we have been forced to waste tens of thousands in rent.

[i will not let house prices get out of control. Gordon Brown 1997]

I looked into the housing initiatives every year, for 8 years, I talked to the housing associations, estate agents, house

builders, Joseph Rowntree trust, other trusts, and Homebuy agents for all the government schemes.

They were all completely useless.

The best shared ownership scheme the government offered was the FTBI scheme.

Whereupon, I would be required to purchase up to 50% of the property and pay rent

on the remaining percentage retained by the government, or trust. Paying equity

on a sliding scale after the first three years.

However, when you work out the repayments, with the interest, over the life of the mortage,and add the rent to this sum, it was nearly as expensive as purchasing the entire property!

The only government funded shared equity schemes, within 25 miles of me, fell into a number of different county councils territories.

And according to all the local County Councils, who i contacted, time and

time again, I had to have family, work, or some other form of ties to the area, to move there or live there!

The only people who took this up were certain 'key' workers!

It was a system designed NEVER to work. It was a smokescreen, so politicians could milk the system, and make huge profits,by flipping houses.

[Whether that was their intention or not. When the Daily Telegraph requested to

see the expenses under the freedom of information act, Labour did

everything possible to hide the house flipping expenses]

This is complicated theivery.

Browns expenses system turned our MP's into nothing more than property speculators.

Its truly unbelievable.

All we ever wanted was a small house and a decent job.

Now Im out of work due to the recession, running out of money, with no

redundancy pay, but I have 20k in savings so the job centre have said I

am not entitled to any money.

Yet I still have to find £650pcm rent.

Allof this because we did not get onto the ladder around 1999. If this

bubble had not been allowed to inflate, we would probably have got a

house by now, and paid off a large percentage of the mortgage.

In 1997 What the UK needed was some stability to allow us to get on with our lives.

[No more boom and bust. Gordon Brown]

Instead weve had a rollercoaster ride to hell under Labour.

The complete lack of regulation, [following Browns creation of the FSA,

and tripartite system which destroyed the ability of the BOE to 'watch' inflation,] and the

rise in the housing market really took off around 1999.

'From 1999 onwards mortgage-backed securities, [AAA rated financial

products,] which already represented one layer of packaging of debt,

started to be repackaged into CDOs, thus creating a Russian doll

product: a tranched, packaged product each component of which was

itself a tranche of a packaged product. Given their excellent

reputation, putting mortgage-backed securities rather than corporate

bonds or loans inside CDOs might seem a small step.

But In 1999 Bayerische Landesbank, which had become involved in the US mortgage market,

approached J.P. Morgan to package $14 billion of bundles of mortgages.

This was the beginning of huge packages of toxic mortgage debt being passed from one bank to another. This should never have been allowed to happen. It has created the biggest boom and bust the UK has ever seen. Allowing housing to balloon to completely unsustainable levels.

The Housing market cannot survive without FTBers. And they will not be

buying until the price of an average house, returns to circa 3.5x the

average salary......The average salary is 23k, and has hardly increased at all during the last decade.

[NOT the average salary OF A COUPLE. But of a single individual. As it was toward the end of the 20th Century.]

Average House Prices: Source: Nationwide.

2007 Q1 £175,554 !!!!!

2003 Q1 £119,938 !!!!!!

1999 Q1 £67,478

1997 Q1 £55,810

1995 Q1 £51,084

1987 Q1 £40,882

To return to historically sustainable levels, as per the chart above, the average house should be priced at around £75-80k.

NOT £175k Plus!!!!

Or do all you home owners believe that no hardworking young people in the

country should be allowed to have the opportunity you did, to own your

own property?

Because that is Labours legacy.

Every FTB has access to the internet. And Every FTB has educated himself

with the above figures.

The Housing ponzi scheme is over.

I, and every other FTB I know. Have one stipulaton when talking to Estate

Agents.

I am only interested in a property that is priced at its 1999 2000 price.

Location, size, etc are all secondary to that single criteria

It seems, that the government will now ensure that the housing Market will drag along the bottom for a decade, slowly coming down each year, with the government and Estate Agents etc , using lies and spin, to try and tell us that a bottom has finally been reached.

How the hell can someone earning £23k, average wage, afford a £175k house? Should we continue to borrow 5,6,7,8 x salary!!?

Isnt that what got us into this mess?

The government who allowed this to happen, and encouraged this disastrous

financial model, are now performing complicated theivery to steal our

taxes, devalue the pound in your pocket through QE, and steal Interest

Rates, believing we should all pay for this toxic housing bubble, even

those of us who do not own property!!!

Its theft. Plain and simple. Why should my taxes pay for your overinflated houses? [When you probably have a job and Ive just lost mine?]

It is the worst social injustice possible.

Over the next ten years, we will probably enter a Japan style recession.

Blame our Labour governmnet. It is certainly there fault as much as the

Banks. If not more.

The price of an average house needs to fall back in line with the average wage.

The housing CRASH IS the recovery.

People on tracker mortgages are paying pennies to stay in massively

artificially inflated houses, whilst we still have to find hundreds and

hundreds of pounds per month in rent.

Yet, having been priced out for ten years, we have already lost tens of thousands in rent......

The banks have now returned to sensible lending. 3.5 times salary

Banks like Lloyds have debt greater than our countries annual GDP. While our business's go under the bankers are getting richer.

Until there is real accountability there will never be a recovery.

Labour do not understand the concept of accountability.

The UK is governed by a completely corrupt elite.

Labour have destroyed the aspirations of generations, and words cannot

describe the hatred, ten years of this has made, many hundreds of thousands of people, if not millions, in my situation feel.

As though we have worked for nothing. We have no capital. No pension. Nothing to offer. People are putting their lives on hold. We have for a decade. All because we did not get onto the ladder in 1999. Not knowing that houses would be allowed to double by 2003.

This has damaged our lives.

I would hope you could try and put yourself in this position, and understand the frustration

and justifiable outrage everyone feels about what Labour have done and the

damage they are continuing to do.

Tha banks of course no longer have to bring house prices back down, as they are taxpayer funded. This is not a free market. Its theft. Its wrong. Its criminal.

Best letter ever - Bravo that man!!!!

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Best letter ever - Bravo that man!!!!

:rolleyes: Thankyou!

Please feel free to copy, paste, edit and post it to your own MP

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Or do all you home owners believe that no hardworking young people in the

country should be allowed to have the opportunity you did, to own your

own property?

Cry more...

There's your answer.

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There's your answer.

Look I agree with his sentiment, my "cry more" is in response to the incredibly whingeing tone of the letter which is going to make his MP bin it straight away.

The lack of understanding of a few key issues in the letter will not help either.

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Thankyou for your constructive criticism Charterhouse. LoL............

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This has damaged our lives.

I would hope you could try and put yourself in this position, and understand the frustration

and justifiable outrage everyone feels about what Labour have done and the

damage they are continuing to do.

Tha banks of course no longer have to bring house prices back down, as they are taxpayer funded. This is not a free market. Its theft. Its wrong. Its criminal.

Are your trying to guilt them out? How did that work the last time you got ripped off or mugged?

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Guest skullingtonjoe
Now Im out of work due to the recession, running out of money, with no

redundancy pay, but I have 20k in savings so the job centre have said I

am not entitled to any money.

Wait for a few months (1-3 maybe) and then try signing on again. On that occasion do not declare any of your savings. When you fill in the bit about assets state that you`ve got nothing - stony broke. Obviously, if you are going to get direct payments for Local Housing Allowance / JSA then you do not want to use the same account as you have the savings in.

A lot of people will say this is naughty, but then look at what the MPs were up to. Besides, why should someone who has worked, paid their NI and taxes and saved, have to watch their savings disappear before they can claim benefit? If anything, that saved money would be useful for preparing cvs prepared on quality paper, travel costs and so on when looking for the next job. As it stands, JSA is just enough to subside on (what our MPS would call `rations` no doubt). <_< Also, what if someone gets a job, but has used up their deposit as living money before getting benefit? Bang goes that idea then.

While feckless chavs can sit around getting p1ssed / stoned, people who have tried to be `good citizens` get mashed up. To be honest, I think that the current limit on LHA should be raised from £16000 to £30000 before talking about `taking it into account`; same can be said for JSA!

Otherwise what`s the point in saving? Ah I forgot, we`re not supposed to save - it won`t help `the recovery`. :rolleyes:

Edited by skullingtonjoe

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Are your trying to guilt them out? How did that work the last time you got ripped off or mugged?

Not really, just trying to give him a feeling for how unjust Labours policies have been.

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The lack of understanding of a few key issues in the letter will not help either.

Care to elaborate?

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Guest UK Debt Slave
Cry more. Your MP will probably laugh at this, the least you could have done is run it through a spell checker.

What are you doing on this forum exactly?

Every time you post it's to slag off and ridicule.

If you don't have anything else to contribute other than rudeness and arrogance, kindly FEKK OFF somewhere else

Actually, forget the 'kindly' bit

Just FEKK OFF

Edited by UK Debt Slave

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What are you doing on this forum exactly?

Every time you post it's to slag off and ridicule.

If you don't have anything else to contribute other than rudeness and arrogance, kindly FEKK OFF somewhere else

Not much else to post on the bull side to be fair, this is all the argument they have. The rest of the flam is pretty much unsupportable.

Good letter, but writing to these self serving thieves is a waste of time.

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Look I agree with his sentiment, my "cry more" is in response to the incredibly whingeing tone of the letter which is going to make his MP bin it straight away. The lack of understanding of a few key issues in the letter will not help either.

I don't think MP's take much notice of any letters, except to get an idea of how unpopular they and their parties' policies are. I suspect that the letter in the OP (which had its faults), would have made that quite clear.

And better a long and heartfelt rant that gets sent, than a carefully crafted work that remains in the mind.

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What are you doing on this forum exactly?

Every time you post it's to slag off and ridicule.

If you don't have anything else to contribute other than rudeness and arrogance, kindly FEKK OFF somewhere else

I disagree. I've seen some good stuff by Charterhouse.

If I had him down as a troll, I wouldn't have bothered picking him up on that comment.

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Wait for a few months (1-3 maybe) and then try signing on again. On that occasion do not declare any of your savings. When you fill in the bit about assets state that you`ve got nothing - stony broke. Obviously, if you are going to get direct payments for Local Housing Allowance / JSA then you do not want to use the same account as you have the savings in.

A lot of people will say this is naughty, but then look at what the MPs were up to. Besides, why should someone who has worked, paid their NI and taxes and saved, have to watch their savings disappear before they can claim benefit? If anything, that saved money would be useful for preparing cvs prepared on quality paper, travel costs and so on when looking for the next job. As it stands, JSA is just enough to subside on (what our MPS would call `rations` no doubt). <_< Also, what if someone gets a job, but has used up their deposit as living money before getting benefit? Bang goes that idea then.

While feckless chavs can sit around getting p1ssed / stoned, people who have tried to be `good citizens` get mashed up. To be honest, I think that the current limit on LHA should be raised from £16000 to £30000 before talking about `taking it into account`; same can be said for JSA!

Otherwise what`s the point in saving? Ah I forgot, we`re not supposed to save - it won`t help `the recovery`. :rolleyes:

Unfortunatly Joe, I went self employed as a consultant, as it allowed me to make more money, a few years ago, and as such, they request all your bank account details, reciepts etc. Basically the same as if you subjected to an audit by the revenue.

Ive spent years working as a consultant to engineering companies, and Im not about to retrain. The problem is A scarily large number of companies within my sector have made 30% up to 80% of staff layoffs.

No whingeing. I'll just have to persevere.

Edited by Dan1

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Excellent letter - i would love to see the reply; better than that i would love to reply to the reply, to do that i am going to have to write my own letter.

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And better a long and heartfelt rant that gets sent, than a carefully crafted work that remains in the mind.

Yep.

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Well done to the OP for venting his spleen at his MP and I hope that many more of the millions similarly damaged will do likewise.

Are you now maddened enough to look closely at the absurd monetary system that allows and encourages all this corruption and exploitation?

Can you see how it continuously skims wealth from you, the HPI of the last few years being a particularly vicious acceleration of this process?

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Guest UK Debt Slave
Not much else to post on the bull side to be fair, this is all the argument they have. The rest of the flam is pretty much unsupportable.

Good letter, but writing to these self serving thieves is a waste of time.

Unfortunately, I totally agree

Post a molotov through you local MP's door. He'll get the message then

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I hope all the greedy BTLs and Baby Boomer Bulls on this site that go on about 'flipping burgers' and advising people to get 'propper jobs' realise just how far away they are from reality and hold their heads in shame instead of hiding it in a bucket of equity after reading this letter.

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Care to elaborate?

Sure, one main thing.

You state something about how paying nearly as much as the full purchase price of a property bought through shared equity is in some way "thievery".

Well the reality is that if you look at the way that these schemes work, assuming that you do not purchase any further equity beyond your 50%, you end up paying for half a house, and renting half a house.

This is effectively equal to paying the interest on the whole house, but only owning half of it, which is why the total paid over 25 years would be so high. This is not thievery however, it is simply a consequence of not having the requisite deposit/credit worthiness to buy a whole house. If you had that, you could buy a whole house.

Even in that case, the interest would still be huge, but this is a feature of debt, not "thievery", and much though certain members of this forum would argue that debt is slavery etc etc, the reality is that you don't have to sign up to borrow money. If you do, you have to pay interest. I think that describing interest as thievery makes you sound like some sort of anarchist and is very unlikely to encourage your MP to look kindly on your situation.

Apologies for the initial tone of my feedback, as I said it was in response to the rather whingey tone of the letter rather than its actual content, which I broadly agree with and sympathise with your position. Sadly I think you are barking up the wrong tree as Labour represent as big a property market VI as exists.

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