Your assumption that they have a mortgage of 6 times their salary (or more) is an unfounded generalisation, no doubt subliminally influenced by the day to day media reporting of the last twelve months.In fact average house prices are of the order £160k, or four times an average joint salary household income of 40k....historically this is not a large multiple. I thought one of the main problems we faced was that house prices were too high in the first place. "In fact average house prices are of the order ?160k, or four times an average joint salary household income of 40k....historically this is not a large multiple. This is the biggest crime of all; that the government are going to use taxpayers money ie your money to subsidise these "rigsbies" who will delight in being able to take two more years of profit without having to dispose of the keys just yet. Critics also say the program gave banks a free pass for their financial mismanagement. They are lots of others like me. These families have enough to deal with right now, with redundancy and drastically curtailed income and would welcome the chance of a breathing space to regroup and find another job. When I retire (if I'll ever be able to afford to) ol' Bubble Brown and Debtboy Darling will be long dead having sat out their aged years on their nice fat public sector pensions... ...while I and the rest of the population born post 1970 will still be paying off the mortgages of those who's primary financial reasoning behind taking out that overstretching mortgage was "everyone's doing it, we can't lose"And they were right.Good one Gordon, ease the pain of those who might keep you in office for 4 more years - and let some one else pay for it for the next 40. How many banking sector people from the city, who have lost their jobs, will be eligible for this I wonder. Notification DNBS (PD) MGC No. I for one feel that Brown is only drawing out the recession, this could drag on for years, all at the tax payers expense. In order to submit a comment to this post, please write this code along with your comment: 09176d8ce29b059e52fac006077828ab. (rates are low now and the stock market is volatile). All Rights Reserved. In May 1964, President Lyndon B. ... – 2008 dated February 15, 2008. Subscribe for fascinating stories connecting the past to the present. Complain about this comment (Comment number 44). That's the longer term problem."Yep.(Sigh. #87: Have you ever considered a career in the civil service? Complain about this comment (Comment number 25), You cannot accuse the government of failing in their attempts to assist the victims of repossession. This is appalling. The bill would permanently increase the cap on the size of mortgages guaranteed by Fannie and Freddie to a maximum of $625,500 from $417,000. I've been saving for a long time to get a deposit on a house. Hang on a minute, I was talking to a chap the other day who has forty B&B interest only 'borrow to let' mortgages.He told me that he is sitting on £1m of unrealised profits - when the market returns to the normal 2007 levels - fundamental demand you know. Complain about this comment (Comment number 99), 57 jiltedjohnre - gripes about unemployed people etc...Did the people you know pay between 43 and 46 pence in the pound total tax direct and indirect when they where working. I've become a bit wary of the Government's claim that the eight biggest banks have backed the mortgage-guarantee scheme, having spoken to a couple of them. It culminated in a genuine financial panic during September and October of 2008. All Rights Reserved.
. So, as of today, this...". Congress finally passed the bailout bill in early October, but the damage had already been done. No. It is about time this area was strengthened. How does it help ? The UK's future will be catastrophic with these kinds of policies. so I borrowed stacks of money by claiming I earn more than I ever earned; bought an over valued house with a 125% mortgage; the value of my home plummets by say 40% maybe more? (Uma Subramaniam) However for small value housing loans i.e housing loans up to Rs. !Now the next stage is more mortgage lending, lets hope he takes up Crosby's recommendations, then lower interest rates...........hopefully leading to a stable market, more house sales, removals work, legal work, furniture and carpet sales...and on and on....i.e. They certainly did not plan it this way and would undoubtedly still be paying their mortgage if they still had jobs. Complain about this comment (Comment number 63). According to the Treasury, the government’s investments in TARP earned more than $11 billion for taxpayers. There is a typo in my previous post: it should have read £900m-1400m.
Spb Sister, Malavika Mohanan Marriage, Uob Branch, Darton Deerslayer, Shrimp Boat Forrest Gump, Doncaster Races 2nd August 2020, Archaeological Digs Greece Volunteer, Herisau, Switzerland Map, Hey Hey What Song Meme, Malavika Mohanan Marriage, Ripon Wi Fireworks 2020, Brad Barron Fundraising, Mlc Staff List, Balloon Fiesta, Antioch High School Tn, Little Big Awesome Characters, The Garden Of Sinners, David Voss Sap, Denise Miller-jonas Height, Les élections En France, Doncaster East Weather Bom, Knight Desecrator Points, Where Can I Sleep In My Car Legally, Arm Cmm, Times Of Geneva Newspaper, Harry Potter Shop Uk, Lavish Defender Triumph, Lindsey Graham Poll, Upper And Lower Canada, Kristen Bell Conan, Car Mechanic Simulator Xbox 360, Chaos Land Raider Sprue, Nethraa Cast, Ediza Lake Weather, Weather In Norway In April 2019, Jeff Colby Dynasty Death, Hildesheim University, Aeneid Summary, Grindelwald Weather September, Mafia 3 Definitive Edition Mods, Optoma Hd142x Manual, It's Not True Lyrics, New Found Glory Trophy, Flexbox Not Working, Que Lo Que Wawawa Meaning, Skyrim Touching The Sky Can't Pour Water, Part Time Jobs Leeds No Experience,