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normdiploom

What Are We Supposed To Live On?

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No shame in taking benefits, but mention renting and "that's a bit of a comedown".

I sympathise with them being ill and not being able to work, but come on why should the benefits system subsidise them buying an asset?

Sell up, take the money and rent.

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There are many people in worse situations (they don't own a property) that also need help. People without a property they can sell should be given priority.

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sell the flat fly to las vegas and put all the money on black. If you win your problems will be over with if you lose fall on the state.

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Looks to me that they have been honest and responsible, rather than playing the system for all its worth.

How silly, that will never work.

Yes in fairness the rules are bonkers written by an idiot. We live in a world driven by policys where no one has the power to make a reasoned decision.

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Looks to me that they have been honest and responsible, rather than playing the system for all its worth.

How silly, that will never work.

Yes, it's quite ridiculous. Because they have acted responsibly rather than spunking their money and putting themselves completely at the mercy of the state, they now get (almost) nothing, rather than the not especially generous DLA and council tax exemption.

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No shame in taking benefits, but mention renting and "that's a bit of a comedown".

I sympathise with them being ill and not being able to work, but come on why should the benefits system subsidise them buying an asset?

Sell up, take the money and rent.

They are more entitled to ownership. So they own a house outright now. :lol:

Going on their math, they think it's worth around £126,000. Owned outright after they paid it off, and stop their benefit entitlement in process.

Buy a smaller, less expensive place? A terrace less reliant on car, near hospital. An apartment. More to an area with lower house prices. They'll be 70 in 15 years...

Surely they can't leave us like this - were can we get some more benefit money from?

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Yes, it's quite ridiculous. Because they have acted responsibly rather than spunking their money and putting themselves completely at the mercy of the state, they now get (almost) nothing, rather than the not especially generous DLA and council tax exemption.

They own a house outright. My sympathy is with younger people/renters, against these hyperinflated house prices. Not those owning outright and trying to get more benefits. Not someone looking to feed on benefits owning outright. Let them eat bricks.

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They have an asset to sell, so what is the problem? I know they are ill, though my Dad worked for years with really severe arthritis. Wouldn't wish that on anyone.

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If you mess with the rentiers, you are going to get burned. Want to avoid debt slavery by renting - they'll take away your security of tenure, try and buy your way out by paying off your mortgage and they'll punish you for stopping your endless interest payments...

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Looks to me that they have been honest and responsible, rather than playing the system for all its worth.

How silly, that will never work.

Yep it seems crazy, they paid off the mortgage to save the taxpayer money, when if fact they should just have continued regardless and claimed the benefits.

Clearly amateurs at using the system. If they had left the endowment to maturity would they still have faced the same problem? Seems there only option now is to sell up, go on holiday for several months blow all the cash and come back homeless and penniless then they'll be able to claim and cost the taxpayer more.

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They have £126k of semi-liquid asset. That money will fund them for 10 years until they get state pension and resume benefits.

They also live in one of the few countries in the world where their very expensive medical bills aren't even a concern let alone a worry to them either.

Aged 55 and feel entitled to own a home as a base level of comfort with benefits on top, whereas most folks in my generation will never have that "privilege".

Not much sympathy.

But I agree it shows you how broke the system is.

Edited by bankstersparadise

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'Surely they can't leave us like this - were can we get some more benefit money from?'

A question that will no doubt echo through the next twenty years as we keep lifting the debt to GDP ratio to new highs.

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  • 406 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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