Member Info for legache

imagine your mortgage payments doubling in 2 year period like they did, and actually they doubled in 3 days at one stage , and that mortgage was based on 3 times your income.

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This is actually happening now! 5,6% on a two year fix with the nationwide.

TR64 - Watch this. Its explains why young people are in trouble. https://www.youtube.com/watch?v=ZXP8gH0wddE

I'd take the 15% mortgage over having 30k of student debt to pay back!

Different times, different challnages, i suppose.

42 years old here. Not quite in the millennial category [b.1981 onwards] I just had to pitch in here.

Macroeconoically we are at different times. Many young people cannot get on the property market because of the growth in the ratio between wages and prices. Economically there is a cornucopia of reasons for this, but principally these are to dues with asset inflation. The choice I was faced with 10 years ago was to keep renting [Tories killed off proper social housing in 1980's] or "overstretch myself" [this has benefited PSN holders hugely!]. Generation of kids have been living with their mum and dad well into their 30's - it's not a good look. Sadly, it's now going to come home to roost when my fixed term expires. I won't lose my house but many will as I a relatively high earner [not quite a 45% higher taxpayer sadly!].

I believe that a change of government is desperately needed. As is some deal with the EU along the lines of single market access [I have duel citizenship forutately] These things are do-able and will soften the inevitable deflation of the housing market.

I think my point is there is generational inequality but not all young people eat at Nandos and drive cars on PCP. Most, if they are like me lived with their parents for far too long [i don't regret that - but maybe they do] and put off all the big things in life, like children, until they had a stable roof over their heads. I hat this idea that young people are profligate wasters, most kids that I come into contact with are saddled with debt from the alck of free university education and living month to month.... Just giving you my view.

Only trying to help Barhut. French is my first language and my English is better than yours!

Seriously, this bulletin board feels like day 693 of my captivity at the moment! C'mon directors let's have some news, what are we all doing here?

*through not threw

Unless the government decides to intervene. In which case we're all in trouble.

110% tools

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I think more 120% tools, don't you?

Paddy boy. It has happened. Look at 2, 4,5 year gilts. Then try and get a fixed mortgage. It's happened!

You guys are mental. try getting a mortgage today. It's bone from 1.5% to around 5% for a 2 year fix. On the massive mortgages young people have that's verging on unaffordable. that's facts not media. Okay, your spoons pint hasn't gone up, but I would dream of setting foot in own anyway.

btw, i wouldn't fret about that trade. It was a buy at 10p, You think they're going to offer 10-11p again? No chance.

This stock could convert me to a alcoholic

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you mean you've no money to buy beer?

i'm all for a buyout, if the price is right. They would have to put it to shareholders and we can say no.

Just took my first nibble at 1266. Never owned this business before, but i feel we are reaching peak panic re interest rates.

What makes you think he doesn't need the cash? I've never heard of the guy and I've been investing in the sector for 20-plus years...

the reality is they clearly want new people in place before making any substantive announcements. I wonder how much he got - i imagine a fair wack after 6 years... Less than he would have got surely if the deal had gone through...

Barhut, you're such a card. You must be great at parties.

Great news.

I must say, if there was to be substantive change, heels are certainly being dragged. If not, what now...??

I'll miss your posts barhut, don't be a stranger! [Well, i accept we are strangers, but you know what i mean]

I agree barhut. It's not very good is it. I'm tits deep praying for a change!