As, has been pointed out, you need to have substantial deposit to secure a mortgage, if a young person has to pay rent and maybe child care as well, it is very difficult to save enough to pay the deposit.
For some people that is almost impossible,
Anyone concerned by interest rates rising re mortgage?
- Thread starter SirGalahad
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For some people that is almost impossible,
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They shouldn't be eligible, only strivers of whatever class should be rewarded.
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so now i'm calling your bluff and asking you prove this. What are the metrics you will use?
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the meritocracy in the class construct argument...you are a good boy, you have learned well my son, you are now truly British. Now repeat, GB saved the world...GB saved the world...
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then hit with the 40% tax...I assume you are a 40% payer?
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Gordon Brown passed legislation that required pension fund investment into gilts that were returning negative .5% over 30 year term.
Some pension funds placed 50% of funds into this....
This is what was referred to recently as the pension fund bail out as they had to dump their position on gilts in exchange for huge losses.
Many individuals reported a net loss of £100k on their managed fund over the last 12 months.
Just for numbers, (although they are meaningless as the irreversible collapse has already occurred) the dump was in the region (upward) of £2,800,000,000,000
Some pension funds placed 50% of funds into this....
This is what was referred to recently as the pension fund bail out as they had to dump their position on gilts in exchange for huge losses.
Many individuals reported a net loss of £100k on their managed fund over the last 12 months.
Just for numbers, (although they are meaningless as the irreversible collapse has already occurred) the dump was in the region (upward) of £2,800,000,000,000
You're talking about the Liz Truss catastrophe, I take it.
Boomers have never had it so good. Gold plated pensions, Free education. Decades of peace. Cheap houses.
What's there left to prove? It's hardly a best kept secret.
During which time, we worked damned hard and were very careful with money..
This peace you talk of was discovered further down the line, at the time we were subjected to the threat of a cold war with Russia. Manchester was alright as it went to great expense with our rates money to advertise the fact Manchester was a nuclear free zone.
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???
Bank confirms pension funds almost collapsed amid market meltdown
Official explains how promise to buy up to £65bn of government debt staved off destructive UK financial spiral
www.theguardian.com
In his and wife's name so 2000 quid in interest tax free
Find it quite funny the ones in here boasting they and wife's have maximum which was 5ok each . And saying about getting the odd £££ here and there. Whilst in mean time the 100k I invested in a house over passed 9 years became 200k whilst getting getting about 70k in rent with minimal outlay . Mind I could have won the million at millions to one chance
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