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juvenal

Kirstie Highlights That Young Folks Can't Buy In Se

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She seems to think buying a 100,000 - 120,000 home in Nottingham is affordable.

NOT When you're earning Nottingham salaries. Not many jobs left outside the London Ponzi Jobs Factory.

Edited by sleeping dog

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You can almost hear the cogs whirring. Perhaps she suspects something might not be quite right... but she just can't quite put her finger on it. I'd suggest she doesn't dwell on it too much because if she was able to grasp the problem, and rationally conclude the solution, I fear her head might explode.

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She seems to think buying a 100,000 - 120,000 home in Nottingham is affordable.

NOT When you're earning Nottingham salaries. Not many jobs left outside the London Ponzi Jobs Factory.

Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

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Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

At today's rates yes! :blink:

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Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

the 12K deposit might hurt though.

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Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

Ridiculous. Why don't you try that for a few years, and then come back to us.

I know many people earning more than that, with lower mortgages, who have no savings, no pensions, and are just scraping by.

Edited by (Blizzard)

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Ridiculous. Why don't you try that for a few years, and then come back to us.

I know many people earning more than that, with lower mortgages, who have no savings, no pensions, and are just scraping by.

You have an extraordinarily overprivileged notion of "just scraping by" (smells of champagne socialist). Are you the folks in this story?

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You only need a 5% deposit, and buying a newbuild with a deal that includes 5% "deposit assistance" is easy. Therefore you don't need a deposit.

Barratt Homes - 95% Mortgages are back!

thats right...but lets get a fact on what a deposit actually is required and meet the lending criteria...from the self same website:

"Typical minimum deposit at 15%: £16,500"

or you could buy one and hand it straight back for incredible yield ( dont understand why the builder needs to sell if its such a FRACKING GREAT DEAL)

"With our new Lease Back scheme, you could buy one of our beautiful show homes, then lease it back to us. You get a guaranteed tenant for the duration of the lease, making for a fantastic investment: - Up to 6% annual rental yield (paid monthly) for the duration of the lease - guaranteed*

- Your investment may include free fixtures, fittings and furnishings" (*Less any management fees or charges)

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Ridiculous. Why don't you try that for a few years, and then come back to us.

I know many people earning more than that, with lower mortgages, who have no savings, no pensions, and are just scraping by.

THIS^^^^^^^ £120k mortgage on minimum wage and disposable income in the same sentence ,ill have a bit of what ever their smoking

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The truth is if you are young and living in London and parts of the south east you live with family to survive....or you shack up with like minded people in shared bedsits......young working couples who need a family home because they want or have children have no chance of buying unless they are given a £100k plus deposit or both have very well paying jobs........they are pricing the productive working young out of their home and country....all that will be left are the ultra rich, the old, the disabled and those who have access to housing benefits. ;)

Edited by winkie

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I had the misfortune of lstening to this. Earlier in the prog, Krusty was commenting on porn, as mentioned in the media stories.

...Oh the irony :rolleyes:

She appeared to have been coached to state only the facts of the articles, or state the obvious.

No opinion was offered, so what is the point of lowering the standards of R4 by having such people on ?

They contribute nothing of any worth compared to other more intelligent guests

Edited by Saving For a Space Ship

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You have an extraordinarily overprivileged notion of "just scraping by" (smells of champagne socialist). Are you the folks in this story?

People in full time work who can't afford to heat the house and buy food.

And no, I am not referring to myself.

Obviously you were brought up in a shoebox on the M4, and the idea of either heat or food is unimaginable luxury. Good for you.

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Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

I love it when posters write something absurd but proceed it with the ultra patronising "Um".

Like "Um, didn't you know that banks grant mortgages x10 salary to people on the minimum wage. A £932 monthly take home would mean over £200 left over for everything else after mortgage payments. After utilities that would be over £100 for food and clothing. Luxury!"

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People in full time work who can't afford to heat the house and buy food.

And no, I am not referring to myself.

Obviously you were brought up in a shoebox on the M4, and the idea of either heat or food is unimaginable luxury. Good for you.

You had a shoebox...?

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I heard this too- she seems to be part of that hard to specify elite whom the system seems designed to forever cosset and protect- nothing short of a terminal collapse of that system will suffice to penetrate that curious bubble of affluence and ignorance in which she lives.

She is the daughter of former chairman of Christie's, Charles Henry Allsopp, 6th Baron Hindlip and Fiona Victoria Jean Atherley (née McGowan, born 1947).[3] She has a younger brother Henry, and two younger sisters, Sofie and Natasha.[4] Due to her father's peerage, she is entitled to use the courtesy style The Honourable Kirstie Allsopp. Designer and businesswoman Cath Kidston is her cousin.[5][6]

The ten schools she attended as a child [7] included St Clotilde's in Lechlade, Gloucestershire[8] and Bedales, near Petersfield, Hampshire. After spending time in India teaching English, Allsopp returned to the UK and began a series of positions, working for Country Living and Food & Homes Magazine and her mother's business, Hindlip & Prentice Interiors, and studying at Christie's. Allsopp set up her own Home Search company, Kirmir, in 1996, focusing on top end purchases in Central and West London.[9]

Obviously exactly the person whose life experiences give her a unique insight into the difficulties of the cash strapped first time buyer. :lol:

Edited by wonderpup

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Um, there's such a thing as a national minimum wage. If you're on it full-time, you could pay a £120k mortgage at today's rates and still have more purchasing power left over than many people could've dreamed of a generation ago.

Go on then, show us the maths.

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Obviously exactly the person whose life experiences give her a unique insight into the difficulties of the cash strapped first time buyer. :lol:

Somehow I doubt the story of eating off the street in India too. Five or six days on the bog would put her right.

Her reference to 'sprays' was a dead giveaway.

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Go on then, show us the maths.

Ill bite a couple earning 6.31 each working 40 hours a week each....

6.31x40x48 = 12115 *2 = £24,230 PA

Maximum borrowing is currently £72,600, but you are severely limited on options 75% LTV at 2.24% is the best I could find

http://www.moneysupe...ges/calculator/

If your parents gave the couple 25k as a deposit a minimum wage couple with no kids could buy a 100k house. They would borrow 75k, repayed over 25 years would cost £329 a month (or interest only would be £140 a month).

Take home on 12k is

£920.48 month each, £1840 together

(I am amazed how little tax people on minimum wage now page, amazing)

http://www.listentot...n.com/index.php

On repayment they would have: £1511 a month left

ON IO they

they would have: £1700 a month left

In summary, they would have loads of money left each month. The tricky bit is convincing the bank to loan you the money. But at todays rates it is cheap even if your on minimum wage. You actually could start a family, have tax credits/one parent work part time and you would be more than fine. You would be MUCH better off than renting..

Edited by AteMoose

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Obviously exactly the person whose life experiences give her a unique insight into the difficulties of the cash strapped first time buyer. :lol:

According to a number of media sources, Kirstie bought her first property in 1991. The Bank of Mum & Dad 'lent' her £30,000 and she bought a £72,000 flat in Battersea. I don't think many 20-year-olds can stump up a 42% deposit so easily. Kirstie's parents also helped her out by employing her too. It soon transpired that, despite her legendary negotiating skills, she'd paid too much for the property. Unable to sell, Kirstie found herself, by her reckoning, in negative equity for four years.

Kirstie told The Sun newspaper:

It eventually worked out fine. I sold the property in 1999 for £99,000. I had paid £72,000 for it and spent £8,000 on it so I made a profit. Being in negative equity is not a problem unless you lose your job and can’t afford your mortgage. Try not to stress about negative equity. There is nothing you can do about it.

Factor in inflation and that would leave her a 'profit' of £1800 before moving costs, estate agents fees and taxes. Kirstie is now employed by the UK's state broadcaster dispensing property advice to the nation.

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Ill bite a couple earning 6.31 each working 40 hours a week each....

6.31x40x48 = 12115 *2 = £24,230 PA

Maximum borrowing is currently £72,600, but you are severely limited on options 75% LTV at 2.24% is the best I could find

http://www.moneysupe...ges/calculator/

If your parents gave the couple 25k as a deposit a minimum wage couple with no kids could buy a 100k house. They would borrow 75k, repayed over 25 years would cost £329 a month (or interest only would be £140 a month).

Take home on 12k is

£920.48 month each, £1840 together

(I am amazed how little tax people on minimum wage now page, amazing)

http://www.listentot...n.com/index.php

On repayment they would have: £1511 a month left

ON IO they

they would have: £1700 a month left

In summary, they would have loads of money left each month. The tricky bit is convincing the bank to loan you the money. But at todays rates it is cheap even if your on minimum wage. You actually could start a family, have tax credits/one parent work part time and you would be more than fine. You would be MUCH better off than renting..

Why wold Dorkins' parent give this imaginary couple any money?

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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