I Don't Want More Debt Forced On Me

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But tens of millions do.
I've also met those that had to leave home because of x/y/z when they were young
and they managed to get their own place etc. Everyone I've met that is doing ok, well annd very well very rarely pay interest on anything other than a mortgage, business loan and rarely get a lease car etc, etc and never a pay day loan.
It's called fincial planning

We wnated, well I wanted more kids but I knew we only had 4 bedrooms, so we planned within our means.
I did nor want to work, never wanted to work but thankfully the fear of my dad giving me a slap around the back of the head did the trick

Another point, everyone we knew, family, friends etc not one was unemployed bar one that had medical problems
and thankfully that happend to that bloke/family when he was almost 50 so set up with a property etc

I've met via my work when I worked three generations of family having kids at around 16 even the grandparents very young were not one of them did an honest days work.

Yes, I've met people that worked hard and over 40 hours a week just about making good when they get divorced and all goes belly up.

If my ex had not cheated on me and we had not had to split everything, I believe that we would have been a lot better of financially - not doing too bad me, my OH/family inc ex but we could have done better


Via work again, when visit council estates and other run-down places especially tower blocks, it was an incentive for me to do better and that reinforced my stance never to borrow money other than a mortgage and always have xx in cash

I hear you but I'm only posting what I've seen and heard and yes, there is an element of luck.
I get the feeling you are from and still live on a council estate. There is no shame in it so why are you tormenting yourself inventing idiotic tales of stock bonds and gold ingots?
You want to be a snob ,admit it
 
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I emailed the CoE telling him that I have never been in debt and he can ... the 200 quid or just credit it as me and millions others do not want to go into debt. Today, Rishi acted on my email and has decided that the 200 wont need to be paid back

From what I've picked up, me and my family will be hardly getting a penny other than the 200 forced on us. However, I am happy that millions of those that work and are in lower pay groups and some pensioners will be getting up to 800+ to help with fuel prices.
 
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The Samaritan said:
Today, Rishi acted on my email and has decided that the 200 wont need to be paid back
You're such a card
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I emailed the CoE telling him that I have never been in debt and he can ... the 200 quid or just credit it as me and millions others do not want to go into debt. Today, Rishi acted on my email and has decided that the 200 wont need to be paid back

Funnily enuff, I had an imaginary lunch at 'The Clarendon' with Rishi Washi today & I have this hazy vague recollection of him telling me of this brilliant politico economical strategist who hangs around an obscure part of the t'interwebs. Now, I may have been under the influence of our seven £15000 a time bottles of Champagne at the time, but now that I'm sober I clearly remember soundbites along the lines of "Samaritan", "Boris", "Country", "runs it without knowing", "hic", "have that waiter washed & brought to my bedsit".

It would be extremely spooky if you were that person he was wittering on about before we both passed out under the table.
 
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It must be a real struggle for all those retirees on here who made their cash by sitting on a property worth a fortune for forty odd years they bought for sod all in the first place.
Are you jealous of them? A quick Google of a few sites suggests the average UK house price in 1980 was ~£23k and the average wage was ~£6k. So the average person, based on income, wasn't paying 'sod all.'

If there's someone sitting in a property they paid £25k for 40 years back and it's now valued at £250k or whatever, good luck to them I say. At the original time of purchase, it was still a significant investment for them.

The extent to which we prosper (or otherwise) is to an extent governed by the socioeconomic situation of our time. Don't blame others because they simply lived through (in terms of appreciating house values) a time of significant increase.

I think it was maybe Labour x years back that floated the idea of getting people (e.g. single old person) out of large houses they no longer needed. I would say, given said person has paid for that property, it should be 100% their decision as to when they move out, if ever.
 
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Tories getting ready to release so-called good news as a possible diversion from...

The debt forced on us/me the 150 or was it 200 deferred payments to the utility companies, we did not want it
but we are forced into it. (TBH, not 100% cert how it works but is it the firms put us into 200 quid debt and reclaim this in 2 or so years??)

Now there is chat about "500" and I hope this is not more forced debt. We are paying more than advised by our elec/gas co to make up for the 200.

I hope this 500 is not just targeted at the unemployed and those on so-called low wages that play the system to ensure they get benefits o top.

Then there is talk about the price cap being revised every three months - who do you think that will benefit - that right, the Tories' best friends and the
ordinary householders will suffer as prices rise even faster.

Why not announce the news today???

We've never borrowed any money whatsoever other than a mortgage and use CC's on purpose and pay off without interest - use these as we feel safer giving details of these rather than our bank account details plus consumer protection to 30k




.
That plan was scrapped .
 
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I emailed the CoE telling him that I have never been in debt and he can ... the 200 quid or just credit it as me and millions others do not want to go into debt. Today, Rishi acted on my email and has decided that the 200 wont need to be paid back
If only the World leaders had known how much power you have. They could've not bothered with all the sanctions, financial aid and weapons they sent to Ukraine. They could've just asked you to have a quiet word with Pootin telling him to stop the war - job done :rolleyes:
 

JP_

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He could probably just pop in and see Putin, can't be that far from where he lives.
 
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Are you jealous of them? A quick Google of a few sites suggests the average UK house price in 1980 was ~£23k and the average wage was ~£6k. So the average person, based on income, wasn't paying 'sod all.'

If there's someone sitting in a property they paid £25k for 40 years back and it's now valued at £250k or whatever, good luck to them I say. At the original time of purchase, it was still a significant investment for them.
Are you living in cloud cuckoo land? Take your 1980's average house prices and compare them to 2022 when you have houses at about £277K and wages at £32K? It's hardly comparable and a house costing £23K in 1980, I'll wager, sells for a helluva lot more than £250K now.
 
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my 3 bed victorian terrace house bought for £26'500 in 82 now worth 420-480k
 

JP_

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I remember when I started work in 1997 on a very low salary, all I could have afforded to buy was a £26k studio apartment (£8.5k salary). This was in a cheap town about 15 minutes drive away.

The cheapest apartment there today is on the market for £145,000, which would require a salary of £48.3k, if you could still get a 100% mortgage.

Nobody starts out on that sort of salary unless they are very well qualified and very lucky.

Similarly, I bought my first property (small 1 bed flat in Walthamstow) in 1998 for £56k, when I was earning £20k (100% mortgage, 3x salary). A flat in the same block sold for £250,000 in Oct 21. You'd need a salary of £83..K to get that now.

My dad had 3 mortgages for a while once, all paid for with his standard small business accountant salary. When he moved, the sale fell through at the last minute, but he managed to persuade the bank to let have 2 mortgages and keep it on the market. Then when his parents landlord decided to sell the house (which he grew up in) and grandad said "sod it, I'll move then", my dad got a mortgage for £1000 to buy it (2 bed terrace in Essex).

These options just don't exist anymore. We have criticised kids for squandering their money on phones, clothes etc, but the fact is, they know they'll never afford to buy a home, so just enjoy their money on other things. Most kids today probably won' own a home until their parents, or grandparents, die.
 
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