Bbc: Payday Loans Funding Rent And Mortgages

[Hold Fast]

Not seen it posted yet.....

Payday loans funding rent and mortgages, Shelter says

Campbell Robb, chief executive of Shelter, said: "Sky-high housing costs, stagnating wages and the high cost of living have taken their toll.

Sounds about right. Needless to say though:

Housing minister Kris Hopkins disputed the figures

[Wurzel Of Highbridge]

The outcome of the current political policy's will be a large portion of the UK are either homless or living in temporary unaffordable accommodation.

I can now only see this as a good this as when it eventually raises it's ugly head policy will be enacted to counter the current thinking.

It's sad for those that are the victims of the government and it's voters and it's a good day for shelter as their customer base increases.

[dances with sheeple]

The outcome of the current political policy's will be a large portion of the UK are either homless or living in temporary unaffordable accommodation.

I can now only see this as a good this as when it eventually raises it's ugly head policy will be enacted to counter the current thinking.

It's sad for those that are the victims of the government and it's voters and it's a good day for shelter as their customer base increases.

The screw is already being turned on landlords, we just need those clinging on for high selling prices to start feeling some pressure.

[winkie]

How can people afford to borrow money when their outgoings exceed their income?....it will only make them even worse off every month, their outgoings go further up, so it goes on.....

The only way out is not to pay, what you haven't got they can't take away from you......thousands and thousands of pounds are written off on loans, credit cards and other debts every year.......bad debt keeping the wider economy afloat?

[dances with sheeple]

How can people afford to borrow money when their outgoings exceed their income?....it will only make them even worse off every month, their outgoings go further up, so it goes on.....

The only way out is not to pay, what you haven't got they can't take away from you......thousands and thousands of pounds are written off on loans, credit cards and other debts every year.......bad debt keeping the wider economy afloat?

There is more consequence to not paying rent/mortgage though than cards/loans? One thing is for sure though, quite a few BTL landlords are going to go pop as well.

[Papa Lazarou]

The article makes it sound as though people will need help with their costs (i.e. government subsidy or benefit. "why doesn't to government step in and help these people").

Why does no one in the media ever say that to help perhaps rules need to be put in place to LOWER the costs? Why are we always supposed to subsidise costs and keep them high?

The media (as our supposed voice) has a lot to answer for in terms of our current situation.

[winkie]

There is more consequence to not paying rent/mortgage though than cards/loans? One thing is for sure though, quite a few BTL landlords are going to go pop as well.

So what do you suggest people do? go without food to pay housing costs or turn the heating off to pay the monthly interest to the payday loan company.....

Payday loan companies are mainly used because of the small amounts and high interest APR rates by people already feeling the pinch, people who find it hard to get finance elsewhere, people with no other savings, those living hand to mouth, day to day.....

When living costs fail to meet the cost of living, there will be those who jump in to make money for themselves therefore making the living costs more expensive for those finding it hard to make ends meet......what would happen if there was no social benefit safety net?.....landlords and banks would find they would be the hardest hit.

[dances with sheeple]

So what do you suggest people do? go without food to pay housing costs or turn the heating off to pay the monthly interest to the payday loan company.....

Payday loan companies are mainly used because of the small amounts and high interest APR rates by people already feeling the pinch, people who find it hard to get finance elsewhere, people with no other savings, those living hand to mouth, day to day.....

When living costs fail to meet the cost of living, there will be those who jump in to make money for themselves therefore making the living costs more expensive for those finding it hard to make ends meet......what would happen if there was no social benefit safety net?.....landlords and banks would find they would be the hardest hit.

I suggest that they turn the heating off and go for a run to lose some of their flab, then keep the heating off and wear a jumper and/or a fleece, then they can apply to be fed for free at the local food bank and start looking for cheaper accommodation. Next they can tell their landlord to drop the rent or take a hike. Nobody will go hungry or without shelter in the UK if they don`t want to.

[dances with sheeple]

"Of the 3,675 renters and mortgage payers surveyed, 2% had taken out the high-interest short-term loans in the year to November"

Non story, most people on a mortgage are safe until rates start going up, rent has gone nowhere in years, mine has risen £50 in 16 years (central Edinburgh)

[SarahBell]

I suggest that they turn the heating off and go for a run to lose some of their flab, then keep the heating off and wear a jumper and/or a fleece, then they can apply to be fed for free at the local food bank and start looking for cheaper accommodation. Next they can tell their landlord to drop the rent or take a hike. Nobody will go hungry or without shelter in the UK if they don`t want to.

Council/HA rents are approaching private sector rents round here.

Hadn't realised until I had a nosey at a local HA houses available site.

What level would you like rents at?

Everyone can have shelter. The romanians on Benefit Street showed that.

Perhaps cheaper accomodation is going to be in the form of shared accomodation. No more cosy houses for one. Multi-generational homes maybe? Or mix and match strangers like in many areas of South Manchester.

HMO is probably the business to get into. It's already regulated so you know the costs upfront.

[EUBanana]

The article makes it sound as though people will need help with their costs (i.e. government subsidy or benefit. "why doesn't to government step in and help these people").

Why does no one in the media ever say that to help perhaps rules need to be put in place to LOWER the costs? Why are we always supposed to subsidise costs and keep them high?

The media (as our supposed voice) has a lot to answer for in terms of our current situation.

That's the problem with this country in general. If there's a problem the answer, according to the BBC anyway, always seems to subsidise it, or for the government to intervene more.

In the case of housing I think we've had quite enough meddling thank you very much.

[Papa Lazarou]

That's the problem with this country in general. If there's a problem the answer, according to the BBC anyway, always seems to subsidise it, or for the government to intervene more.

In the case of housing I think we've had quite enough meddling thank you very much.

My point was more that the suggested solution is always "Why doesn't the government help support these people" (and thus supports the status quo, and costs us money).

Why don't they change laws or introduce disincentives that solve the causes such as too much credit availability, restrictive planning system, tax incentives for BTL and so on. This would not cost the government any money would it?

That's my point. They are always 'supporting' with money, rather than removing supporting laws and incentives which would cost them no money, and actually save them money in terms of housing benefit.

[EUBanana]

That's my point. They are always 'supporting' with money, rather than removing supporting laws and incentives which would cost them no money, and actually save them money in terms of housing benefit.

They have to be seen to do something, and removing things is the opposite. I assume that is the main problem - the whole culture where it's expected to them to meddle and meddle more.

I junked the BBC ages ago but at Christmas, back in the family home, I had to endure some. The news is filled with leading questions, and the leading question is usually on the subject of the government should do something, or perhaps the government hasn't done enough.

It's a cultural thing I assume. Once upon a time the idea of having such a bloated state would be met with incredulity and suspicion from all and sundry. Politicians give us what we want, ultimately.

[Bloo Loo]

what exactly are payday loans for?....aimed at the BBC overpaid reporter...do you think people borrow for no reason at all?

Lets not forget this is nothing new...Loan Sharks are around now, 10 and 2000 years ago...its not new.

[dances with sheeple]

Council/HA rents are approaching private sector rents round here.

Hadn't realised until I had a nosey at a local HA houses available site.

What level would you like rents at?

Everyone can have shelter. The romanians on Benefit Street showed that.

Perhaps cheaper accomodation is going to be in the form of shared accomodation. No more cosy houses for one. Multi-generational homes maybe? Or mix and match strangers like in many areas of South Manchester.

HMO is probably the business to get into. It's already regulated so you know the costs upfront.

Not really sure what you are saying? Other threads are talking about the levels of benefits people can claim, very high in some cases. This suggests to me that Payday loans are mainly taken by people with gambling and other addictions or maybe with no intention of paying back? Typical bbc in that it is trumpeted like half the country is doing it, then it turns out to be a few hundred people. As I say non story this one IMO. All I know about rent levels is that they have gone nowhere (in Edinburgh) for a decade and a half and that some landlords (mainly London) were setting their rents at the top HB level? I know nothing about how HA rents are set.

[dances with sheeple]

They have to be seen to do something, and removing things is the opposite. I assume that is the main problem - the whole culture where it's expected to them to meddle and meddle more.

I junked the BBC ages ago but at Christmas, back in the family home, I had to endure some. The news is filled with leading questions, and the leading question is usually on the subject of the government should do something, or perhaps the government hasn't done enough.

It's a cultural thing I assume. Once upon a time the idea of having such a bloated state would be met with incredulity and suspicion from all and sundry. Politicians give us what we want, ultimately.

BBC news is a complete crock of nonsense but they do put out some decent programmes on BBC 4 and other channels.This year I have paid the licence up front, and will be keeping a note of BBC programmes I record. I am allowing the cost of £1.00 per programme as that is what Oxfam used to charge for videos before these became harder and harder to find, and if I don`t record 145+ watchable items before the year is up the telly is going in the bin, it is not worth £145 to watch grinning idiots selling house prices and other propaganda then switching to "animal" or "obesity" stories. The BBC news patter is really dated now IMO.