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My folks bought my home for childhood in 1980. They told me about internet rate spike. When the rates reduced they realised it was easy to afford so kept overpaying and got rid of mortgage quickly. They were not big earners and it was a five bedroom house that cost them sod all and sold it for...

No point. “It was harder in my day” will be written on lots of gravestones. I simply don’t understand why people can’t admit things might have been easier rather than always harder. I am mid 40s. All but 4 years of my mortgage have been at ridiculously low rates but house prices were already...

It is not compulsory purchasing. It is helping someone who can’t afford something make a quick sale.

My point is why should people letting properties expect the tenant to cover all of the mortgage? The speculator should be expected to pay down their own debt. I wonder if we are getting close to renters just withholding rent. It feels like the sort of thing that would get online traction. If...

Throughout this I have been talking about how by to let landlords should be treated differently to home owners. Although there is a point about stress testing. I checked the mortgage application I had for a place we eventually pulled out of just after covid. I had a think about this text with...

I had a tenner on Rory to win the golf last night. He didn’t hole a putt from more than 5 foot. Annoying. I speculated on the golf but I would like government support to cover my loss. Obviously only a tenner. Had it been 10k then it would have been significant loss. I gambled and lost. People...

It is not stealing. It is doing what existing companies already do but might not have the capital to do on a large scale. There are lots of companies you can contact for a very quick sale. They are essentially the house equivalent of “we buy any car”. If lots of houses need to be sold then the...

Surely no one is still pretending that 12% in the 70s/80s on 2.5x one income was as hard to absorb as 6% on a 6x combined income are they?

Maybe the government could purchase at a very reduced rate off the landlord and tenant stays. Then the government actually gets an asset which can be sold for profit. So the landlord loses out but the tenant stays out and the government gets something for its money rather than just pumping up a...

Does that mean that you are now contributing towards paying off your mortgage rather than getting someone else to pay it for you? When landlords say they are losing money they actually mean “I am having to pay off my own debt rather than someone else pay it for me” so is that actually “losing”...

I discussed this with my dad who is in his 70s. He said “far worse for us” until I pointed out that his mortgage was 2.5 times his Salary. Whereas an increase to 6% now can be off 6x a joint salary (or whatever) so it is much worse. I am lucky and almost paid off my mortgage. But I did pull...