Sunak (General U.K. is Jaded thread)

rhouses

Looking back at 2018 and 2019 when I procured some Yeezys, I will admit, it was emperors new clothes. But I sold them all for profit, a couple which I had worn for even. I’d probably pick up the 300s if I ever saw them for retail in the right colour because they’re lazy people shoes.

Music wise, I’ve been listening to watch the throne and the new pusha t album on repeat for months.

Millsy

Fair enough 😂

Cankles-McJeggings

Bet my boy Rishi doesn’t shit in a hole.

Mad_Cyril

Cankles-McJeggings
Might be soon

https://www.theguardian.com/politics/2023/apr/17/parliament-watchdog-opens-investigation-into-rishi-sunak?CMP=Share_iOSApp_Other

Millsy

Bet he listens to Ye though. Because he’s ‘cool’

Millsy

Nah. He’ll be able to wriggle out of that one. Standards schmandards

Amps

Millsy I assume this is all the EU’s fault? Or trans people/immigrants?

Peel meme fodder; That’s ‘Foreign Trannies on Lilos with - Giro Elysium’

Hursty

Anyone know people on the Help to Buy scheme, I was reading up on it earlier and came across this…

“From year 6, you’ll be charged 1.75% which will increase by the Consumer Price Index (CPI) plus 2% (1% if you took the equity loan before December 2019)”

This is on the 20% (40% London) portion of the home value.

So I’m guessing there are few people getting absolutely raped by this across the UK who were encouraged to buy their first home, which in turn has kept the overinflated housing market bubble going

Excellent scheme

gcw

Hursty I’ve had exposure to this

Wouldn’t say people have been encouraged per se, more that support has been offered to those who need it. I’m not sure anyone really thought RPI/CPI would go double digit though.

It has absolutely helped thousands of people though

Along_the_Wire

Hursty my eldest did it - he pays £800 total a month for a flat in Teddington and has a skin in the game. Rental equivalent is £1,400 a month. I’m not and economist mind.

Millsy

Along_the_Wire another bank of mum and dad job? You spoil them too much Grant.

Hursty

Along_the_Wire My post is about what happens post 6 years of the loan

Along_the_Wire

Millsy to be fair, it fucking cost me.

Millsy

I’m well jel of anyone who got a leg up from their parents. Fucking hard graft in the early years with zero help. Made me the man I am today. Shit with money and double broke.

Along_the_Wire

Millsy the poor lad is deaf and has learning difficulties and his missus is a teaching assistant. And I wanted the cunt out so I could build my studio.

Millsy

Along_the_Wire lol. Priorities.

Smallman1

Along_the_Wire And I wanted the cunt out so I could build my studio.

Lol!

Along_the_Wire

Hursty And? I gave you an example in the difference between help to buy and rental per month - there’s a lot of headroom in the respective costs. Rent will be increasing at a higher rate by year one.

Hursty

Along_the_Wire well a friend of a friend has just been caught out, his payment on the help to buy loan has gone from £500 to £1300

The point being, when you add up 1.75% + CPI + 1 or 2% after year 6, people are getting hammered

My other point is this scheme is one of the reasons the house price bubble is increasing, by using tax payers money to artificially keep the demand up

Along_the_Wire

Hursty how is it using tax payers money?

I don’t think your friend of a friend’s maths stand up to scrutiny.

Hursty

Along_the_Wire Where does the government get the funds from to lend to the buyers at 0% for the first 5 years?

A combination of tax payers and the printer

There is absolutely no doubt this scheme is fueling the housing bubble

« Previous Page Next Page »