Friday, May 22, 2020

Why bother give it for free

BBC: Mortgage payment holiday extended for further three months

Well is people ever bothered to pay for what they buy, the wouldn't buy at the stupid prices they agree to in the first place.

Posted by deepak @ 09:24 PM (522 views)
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1. deepak said...

Sorry! I was so angry at reading this policy, that I could not even get my words together and posted this link.
As someone who majored in economics and accountancy, I knew the UK economy is baseless and can tip over at any time. Too many people who earned 1/3 what I do were buying homes twice the value I would ever pay for them on borrowed money (called mortgage). I have waited for 17 years and this is the second big recession which should have cleared the decks, so the people who do the rightful thing of saving and living within their means can grow and flourish.

I still rent, as the housing market is rigged.

Every government policy in UK is to rewards to stupid decisions and take away from sensible ones. No wonder people worry about the countries future.

Each poor decision is then covered by another poor decision like the Russian dolls. and one day will come when we will not be able to build a bigger Russian doll to cover it up. And the future children who may not even have born yet will have to pay for riches of the current poor decision making people.

Sunday, May 24, 2020 02:55PM Report Comment
 

2. landofconfusion said...

There was some BBC hack speculating about this couple of weeks ago. He mentioned how housing is now "key to the economy". Well, given that it's about the only real thing driving inflation in the 'real' economy (all that stimulus going to banks & shares certainly does little more than make the rich richer) I guess he's right.

And in other news a house I looked at last week has now had it's asking price increased by £10k. It was already a bit expensive for the area but I guess that's the effect of almost no one else selling + having nearly 2000 online views & who knows how many inquiries in the span of just just two weeks.

Monday, May 25, 2020 06:34PM Report Comment
 

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