The flawed economic model.

[geraint]

When times get bad (as they will) you have a place you cannot be evicted from (if it's paid off).

If its paid off...... How many in this country can say that.....

 

[joe-90]

Some of us.

 

[spacecat]

When times get bad (as they will) you have a place you cannot be evicted from (if it's paid off).

Until you have other debts and have to pay them off

And when your old you have to sell your house and spend
Your savings on your care home

 

[joe-90]

You give it your kids first.

 

[spacecat]

If you don't die

 

[joe-90]

If you do you don't go into a care home.

 

[spacecat]

If you do you don't go into a care home.

Within 7 years

 

[joe-90]

If you die your will is followed. Nothing to do with care homes.

 

[spacecat]

If you die your will is followed. Nothing to do with care homes.

Before you die and you leave stuff to your kids they get clobbered for tax and death duties tax as well

 

[joe-90]

Well what are you doing with your £500k house then?

 

[Brigadier]

http://www.spanishpropertyinsight.com/buff/2009/06/30/spain-the-land-of-the-owner-occupier/

Its a myth about only British caring about "not throwing money away on rent".

And your average renter in Germany is likely to live in a government-subsidised apartment block. A council flat in a city tower block is not what I aspire to.

 

[geraint]

If you die your will is followed. Nothing to do with care homes.

Before you die and you leave stuff to your kids they get clobbered for tax and death duties tax as well

for tax and death duty

Do not think so...

 

[ajrobb]

There is a theory that banks syphon off wealth above basic poverty earnings to pay their backers. The 'normal' economic model requires that economy must grow just to pay the interest on the government borrowings to enable them to borrow more. In time of depression governments default on their borrowings, the rich lose their savings and the poor starve. The cycle then starts again.

The banks indulge in the twins 'sins' of usury and gambling and we are suppose to trust them?

 

[geraint]

There is a theory that banks syphon off wealth above basic poverty earnings to pay their backers. The 'normal' economic model requires that economy must grow just to pay the interest on the government borrowings to enable them to borrow more. In time of depression governments default on their borrowings, the rich lose their savings and the poor starve. The cycle then starts again.

The banks indulge in the twins 'sins' of usury and gambling and we are suppose to trust them?

Well that makes sense to the post....

Will have to think again of my medication.....

 

[spacecat]

Well what are you doing with your £500k house then?

currently I'm enjoying it