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Monkies
Feb 18, 2022 22:00:47 GMT
via mobile
Post by ayatollah on Feb 18, 2022 22:00:47 GMT
It means shit people. I had that when I lived in Islington. One side of the road was nice with civilised people. The other was full of council rent types who dealt drugs and made noise and left their shit on the pavement. They are uncaring scum and fuck this stupid idea of mixing such people in with decent people. There's that too.
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Post by yggdrasil on Feb 19, 2022 10:01:06 GMT
Local Government should only grant planning permission for new development if a third is allocated to social rents, there are supposed to be measures in place to help towards that but they usually get ignored once the developers start applying pressure and they get watered down to just a couple of properties per development. The system can work fairly and developers can make big profits, it's just greed that drives them to push for even more profits than they initially agreed on. What is a social rent? If it is rent control that stuff doesn't work, it creates shortages and the problem gets worse. People shouldn't be railroaded into renting anyway, it's a way for a landlord class to extract wealth from working people. Any solution should be focused on owner-occupied homes. The money you spend on the mortgage goes toward something you can eventually own, not into someone else's pocket. Worked for hundreds of years without problem, affordable rents for those who cannot afford to buy. No-one is "railroaded" into renting, anyone can buy when they can afford to. Most people in Britain now days, rent until they can afford to save up a deposit to buy their own place. Having seen the the world's economy crashed by America's "sub prime" system of capitalism,. where you give mortgages to those who obviously cannot afford to repay them, I would think most people would be in favour of a more sustainable method in the property market. Unless you have a rich mummy and daddy of course, then you can buy your own place and look down your nose at others who are not born so lucky as some on here are wont to do. (not you) Even social rents are not cheap though, it's just that prices have got to the place where first time buyers find it almost impossible to afford to get on the property ladder. the average house price around these areas is around £500 thousand ($680 thousand) and that's for a smallish property.
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Post by Flying Monkeys on Feb 19, 2022 11:17:23 GMT
The money you spend on the mortgage goes toward something you can eventually own, not into someone else's pocket. There is a strong plus side to renting: the money you would have put down as a deposit on a property can be invested in the stock market instead and I reckon I can make more that way than out of property appreciation. Take a look at this: www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/march2021The annual growth in UK property over the last 10 years has averaged about 4% per year. So a 500k property would get you 20k per year. If you reckon you can make more than that (plus an amount for tax) on the stock market, it's worth considering doing that instead. I reckon I can. (Plus, with renting you can move any time you feel like it, e.g. if the neighbours stink, and if something goes wrong, e.g. the shit pipe gets blocked, some guy comes around to fix it same day at no charge and you're worry free.)
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