Bring on the repossessions

Ok this has puzzled me for a while, given that the UK is one of the few
countries in Europe obsessed with home ownership, how do people cope
with renting once they retire and their income drops dramatically?

 

I owe ?30k on cards, but that's just from playing the balance transfer
game & the money to clear them's sat in the savings account I
transferred it to.

I put virtually everything on another card which gets cleared every
month by DD, so have no debts other than the mortgage. However that
card has eaten up over ?6k with the last two statements, which combined
with the depressingly large tax bill I have to pay this month, means
I'll have either more debts in the very near future, or a re-mortgage.
As you say, Ho hum.

--
Krusty
www.MuddyStuff.co.uk
Off-Road Classifieds

'02 MV Senna '03 Tiger 955i '96 Tiger '79 Fantic Hiro 250

 

In communiqué <>, mike.

In France do you mean? Good question. Given that property prices are
generally lower (outside Paris) presumably so are rents. See also Wavy's
bit about difficulty in repossessing. Perhaps they all just stop paying
and sit tight. I suspect France may have some kind of means tested
housing benefit system.

--

+-------------------------------------------------------------+
| Pete Fisher at Home: |
| Voxan Roadster Gilera Nordwest Yamaha WR250Z |
| Gilera GFR Moto Morini 2C/375 |
+-------------------------------------------------------------+

 

Many lived in a single room though with comunual kitchen outside toilet
and no bathroom

--

 

How do they verify your firearms certificate remotely?

 

the marketplace is different now , far more private landlords , far
higher personal debt a general shortage of homes , tax take far higher
Wage rizes at far lower levels


--

 

High returns , high risks , only go thier if you can afford to lose 100k

--

 

Well, as we're no doubt soon to find out, it's the licence fee
settlement, rather than the prevailing economic climate, that dictates
how things go at Auntie.

If you're betting on an economic downturn and mass unemployment, I
reckon you need to be looking at the commercial broadcasting sector -
QVC and price-drop.tv spring to mind ...

 

Err, you mean a shortage of affordable houses to buy, which isn't
quite the same thing.

 

They dont , the shells are delivered to my local gunsmith who varifies
the ticket

--

 

In the context of a (sub)thread about being able to afford to buy, it is
the same thing.

 

1) Spell checker.
2) Spaces *after* commas, *not* before.

Please?

 

My daughter and her husband did not earn enough to get a big enough
mortgage round here. First they bought a shared-equity flat, but did
not like the lack of control that the housing association imposed.
Then they moved up to Yorkshire, where they could afford to buy a
house on their earnings. That meant moving away from family and
friends completely, and was dependent on working for national chains
that allowed them both to transfer thair jobs. Not easy, nor
undertaken lightly.

--
Marina Mayes - Reading, UK. To email me remove XX from my address
SR250 - gone. BOTAFOT12, BOD#2, BOTAFOS#2
KotLBOD#s, KotLBOTAFOS#s,IMC#2, Tart#10-19, SR#3
I never give in to fear or blackmail; I always give in to temptation.
"You're a national treasure" - porl, 18.1.03

 

My grandparents all owned their houses from 1950 or so. My parents
bought their first house in 1950 also. Having done research into this
as part of my dissertation, ownership rather than rental first became
massiveley popular on the big new estates built in the 1930s or so.

--
Marina Mayes - Reading, UK. To email me remove XX from my address
SR250 - gone. BOTAFOT12, BOD#2, BOTAFOS#2
KotLBOD#s, KotLBOTAFOS#s,IMC#2, Tart#10-19, SR#3
I never give in to fear or blackmail; I always give in to temptation.
"You're a national treasure" - porl, 18.1.03

 

That isn't always the case. I could have opted for an account with
potentially higher returns but that meant I could have lost 15K. What I
have is a guaranteed 7% income plus inflation matching capital growth,
however, the fund has been doing well.

 

And we'll all move North!

 

We have a wonderful system here. If I give you my bank details, you can
take what the hell you want. If I then decide you shouldn't have, I
simply phone the bank and they give it back. And nobody signs anything!

--

Paul.
CBR1100XX SuperBlackbird
BOTAFOT #4
BOTAFOF #30
MRO #24
OMF #15
UKRMMA #30

 

I might have to do some brain-picking. I have several 100k's earning
less than 5%. However, safety is the key factor. I don't want to have to
go back to work. Work smells of wee.

--

Paul.
CBR1100XX SuperBlackbird
BOTAFOT #4
BOTAFOF #30
MRO #24
OMF #15
UKRMMA #30

 

Pull yourself together, man. Nothing could ever be that bad!

 

Holee fucking shit.