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  1. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Do you think it at all realistic that in a capitalist society, with the 'majority' voting in increasingly right wing 'money the most important thing' governments, that individuals will spurn the opportunity to make money or that it would make any difference to the situation we have? Voting for...
  2. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Its not a popular view because it is incredibly narrow and ill considered. People have a chance to evade huge rents to pay for someone else's house. They take the opportunity. Some very wealthy people decide to screw the country for their increased personal wealth and power. This pulls the...
  3. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Yes, I agree. It should be controlled. If landlords were unable to pass interest hikes on then the problems being experienced would miraculously disappear. Which is why it will never happen becuase this country is wedded to Conservative values (wealth), regadless of the cost. Even the...
  4. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    I guess yes. Though when you're forking out £8k a month for care of a relative it does put a different tilt on things. If it wasn't for that then we wouldn't have put the rent up on my MIL house. You'll just have to take my word for that I guess. Regarding purchasing a house specifically...
  5. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Not what I want at all, but you could see it happening a mile off. I don't get the argument that you're not allowed to make money AND have a conscience though. Albeit not by exploiting people. Landlords per se are not the problem, it is the system, politics and economic drivers that are. We...
  6. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Money. They won't get as much 'reward' for the land initially nor rates when built. Rich Tory donors can make a fortune out of Tory allocations and decisions. They wouldnt donate without being sure to make a fortune from it. Other political organisations have similar, but less far reaching...
  7. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    They love the crash. They can hold on to what they have and buy much much more at low prices before they rise again. Feel dirty saying this, but that's what I've been waiting for. Waiting for the inevitable crash to buy somewhere as an investment that someone pays the mortgage on. Yes, I know...
  8. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Joined up thinking you say? Investment in social housing? Investment in welfare? Nah, it will never catch on. Most folk in this fine nation will think that if that were to happen the people in small boats will take it all....
  9. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    And then everyone says, "well it was obviously going to crash, people should have known, it was clearly unsustainable. Did they have lights, were they wearing a helmet (ooh sorry, wrong thread). These bloody experts are in full denial as the cash roles in, then blame the victims when it...
  10. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Yep, holiday homes are a scurge of communities. I like the idea of the 3x council tax they apply in Wales. Where abouts are you?
  11. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Not sure we are talking about property speculators. I'm not anyway. My focus is on those recently on the housing market to avoid obscene rents. They will be suffering, landlords just hike to rent to cover their costs, easy. We're renting my MILs house to assist with her care home fees of £2k...
  12. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Yep, remember my brother suffering that, then selling at negative equity. What government caused that? Can't remember now. Surely not the party of exonomic prudence.
  13. Horses Arse

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Trouble is we have a govt that has screwed the country, the economy and all of us that live here (bar the very wealthy). When they cause such mayhem for the benefit of their chums, why shouldn't the state help folk that suffer the consequences?
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