http://news.bbc.co.uk/1/hi/uk_politics/7678661.stm
The Credit Crunch/recession has caused many people to lose their homes. Plenty of cheap houses on the market for those with the money to buy.

Originally Posted by Bill. MC http://news.bbc.co.uk/1/hi/uk_politics/7678661.stm The Credit Crunch/recession has caused many people to lose their homes. Plenty of cheap houses on the market for those with the money to buy.

It must be one of the worst things that can happen to a family, to lose their home.

bill

Originally Posted by bill jarvis It must be one of the worst things that can happen to a family, to lose their home. bill

Indeed it is, but will Jax care about it?

Originally Posted by bill jarvis It must be one of the worst things that can happen to a family, to lose their home. bill

Fortunately, no-one that I know has had to suffer this. My Parents and my older sister both did well from the Right-to-buy scheme, and my younger sister and myself from buying at the last dip in the market. My brother was fortunate to from his wife (Then girlfriend) selling a one-bedroom flat in Ladbroke Grove, then to a 3-bedroom house in a village outside of Luton, and onto a 2-bedroom bungalow in Cornwall, and a nice small mortgage.

Actually, before I sold my flat, I was able to take advantage of a "holiday". Unfortunately, these holidays are only available when you have a reasonable amount of equity.

It is farcical that after Northern Rock were bailed out in the way they did, they have apparently been so hard-arsed about repossessing property.

As part of all of these financial protection measures, the government would be wise - as a means to secure votes at the very least - to ensure that Mortgage-lenders allow payment holidays regardless of equity, and then any financial loss to the lenders could be met by the government. I'm sure it would amount to a hell of a lot less than the £250 Billion measures they are considering.

I'm waiting for the company that holds my mortgage to go bust... if the Government don't bale them out I am going to offer ten pence in the pound!

Originally Posted by Bill. MC Indeed it is, but will Jax care about it?

Yeh, like the Scottish Labour Party run government are doing at the moment ...stealthily!

Get everyone in concrete council blocks and either in state controlled jobs or state controlled benefits!

Big Brother in the name of the always corrupt Scottish Labour Party rules!

What next? the machine gun towers?

Originally Posted by jax Yeh, like the Scottish Labour Party run government are doing at the moment ...stealthily! Get everyone in concrete council blocks and either in state controlled jobs or state controlled benefits! Big Brother in the name of the always corrupt Scottish Labour Party rules! What next? the machine gun towers?

So does this mean that you are going to invest in social housing Jax?

Originally Posted by Bill. MC So does this mean that you are going to invest in social housing Jax?

Band wagon jump?

It's all going Browns' and the Scottish Labour Party's way, they dont like home ownership, that's for the other parties voters.


http://www.guardian.co.uk/money/2008...nting-property

All part of the 'Credit Crunch' eh Bill?

Originally Posted by jax All part of the 'Credit Crunch' eh Bill?

No doubt! Slag off council housing as much as you want, but only a fooll would choose to rent a private house. Assuming of course they had the choice.

That article doesn't provide any credence to your opinion that

Originally Posted by jax It's all going Browns' and the Scottish Labour Party's way, they dont like home ownership, that's for the other parties voters.

I know you insist that the removal of MIRAS was an indication of how much brown doesn't want people to own their own homes, but as I have said to you before, I had (and lost) the benefits of MIRAS, and it was a matter of a few quid. I hardly noticed it. Admittedly on a then £33,000 Mortgage, the effects would be negligible anyway, but as a house at the time was about twice what I paid for that, twice not much is still not much.

All part of the 'Credit Crunch' eh Bill?

I read predictions of this collapse about 4 years ago. House prices have been going up and up not just here, but in pretty much all countries where you would expect such rises (Here, US, Australia, Japan, Europe) and places such as China where of course the economy is on the rise anyway.

A true "socialist" as Brown would perhaps aspire to be, would have been looking at ways to ensure that house prices were kept under control, and within reach of the average person. But they were allowed to remain rising unabated, perhaps as they were giving the false impression of a booming economy.

The reality of the situation is that a couple of huge American Mortgage lenders got cocky, and thought that the bubble would never burst, and decided to give mortgages to high-risk clients. The bubble did burst, and the fact that their combined mortgage dealing amounts to a very large proportion of our GDP (Such as it is), and almost incestuous intertwining of the International Financial community has led us to the point where we are now.

The fact that Brown, as a idealistic Student, admired Communist Icons is irrelevant to where he is now.

Another point where your theory about him "hating people owning their own homes" falls down, and you prove yourself to be stupid to not even see this - being all part of the problem - is that there is not much in the way of Council housing available, rented property is a combination of Council, Housing association, and Privately rented. The majority of which is certain now to be privately rented.

Tell me now, who actually owns these properties ? People of course. Handing the country back to pre-victorian values of Land-owner vs. Tenant, and hence widening the gap between the rich and the poor. About as distant from Socialism as can be, and the conditions are ripe for it to continue.