London Town, Ghost Town

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In totally unconnected news,


"A total of 42 donations from individuals or companies linked to the property sector of £10,000 or more were accepted by the Conservative Party in 2018. Of these, the largest singular donations, at £100,000 each, came from Leopold Noé and Roger Orf.

But the largest amount donated to the Conservatives from an individual linked to the property industry came from elsewhere. David Brownlow, made five separate donations over £10,000, totalling £327,000. Four of the donations were to the Central Party and one donation of £20,000 was to the Maidenhead branch of the party. Brownlow founded the Havisham Group, which, among other things, is engaged in “property development in the south of England and Scotland”.

The ten individuals donating the most money to the Conservative Party with links to property companies in 2018 are:

Donations-from-individuals-linked-to-property-companies-1.jpg


Company donations
Donations in 2018 weren’t just limited to individuals. Some donations came directly from property companies themselves. 19 property companies made donations to the Conservative Party of at least £10,000. Seven companies made individual donations of £50,000. Among these were Clerewell Limited, Thakeham Homes Limited and Sir Richard Sutton Estates Limited. One company, CC Property Company Ltd, donated £60,000 with two separate donations of £30,000.

According to the parameters of The Canary’s analysis, the ten property companies donating the most money to the Conservative Party in 2018 were:

property-donations-table-1.jpg
 
I never said it was easier. You said "Not achievable on a mortgage even with quite a big deposit."

No, that isn't what I said.

What I said was:

Today, average earnings is £511 per week (£26,572 p.a.)

Average house price today is £231,855. Just under nine years' earnings. Not achievable on a mortgage even with quite a big deposit. Many young people on zero-hours contracts or agency jobs have not the slightest chance of getting a mortgage.

In 1984, average earnings for a full-time male were £179 per week (£9308 p.a.)

So if average house price was then £28,500, that would be just over three years' gross earnings. Readily achieveable with a mortgage and a modest deposit, and wives' earnings would be taken into account.

Today, average earnings is £511 per week (£26,572 p.a.)

Average house price today is £231,855. Just under nine years' earnings. Not achievable on a mortgage even with quite a big deposit. Many young people on zero-hours contracts or agency jobs have not the slightest chance of getting a mortgage.


There are baby-boomers in their sixties who like to say they had it hard, and young people today could afford to buy houses if they spent less on Starbuck's coffee.

It's not true.

meanwhile, young people on low wages are paying the pensions of well-off older people.

it's possible this will not continue for ever.
 
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fake selective quoting by mottie.

When Mottie was relatively young, it was possible for a person on average earnings to buy a house of average price on a mortgage.

I say that today. a person on average earnings can't buy a house of average price on a mortgage.

"Today, average earnings is £511 per week (£26,572 p.a.)

Average house price today is £231,855. Just under nine years' earnings. Not achievable on a mortgage even with quite a big deposit. Many young people on zero-hours contracts or agency jobs have not the slightest chance of getting a mortgage."


Mottie is trying to make out that isn't true.

Mottie is wrong.

Mottie hopes that by removing all reference to average earnings and average house price, he can look like he is correct.

Mottie is wrong.
 
anybody can falsify quotes to change the meaning.

Like Mottie did.
 
Average house price today is £231,855. Just under nine years' earnings. Not achievable on a mortgage even with quite a big deposit. Many young people on zero-hours contracts or agency jobs have not the slightest chance of getting a mortgage."
Ah. You say "not the slightest chance of getting a mortgage".

So, if, because of that, they subsequently have to pay more in rent than a mortgage would be, why can they not afford to buy a house?
 
Ah. You say "not the slightest chance of getting a mortgage".

"You say?"

Do you think that's not true?

Tell me how you think you would go about getting a mortgage of nine times your earnings.
 
I know guys who have foundations laid for their homes for years.
They have the garage built and are living in that.
 
You could probably get about £100,000 loan.
plenty round here at that price. ex local authority 3 beds big gardens.
most snotty kids wouldn’t be interested in them.
 
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