No 10 considers 50-year mortgages that could pass down generations
- Thread starter bnew
- Start date
The interest on a 50 year mortgage is insane.
Someone broke down the math on Reddit. It was like 4-5 time the Interest of a 30 year
The first decade is no equity at all
Someone broke down the math on Reddit. It was like 4-5 time the Interest of a 30 year
The first decade is no equity at all
Japan does this btw. Look at what they're going through
it's time for upheaval worldwide
the order of things is no longer tenable
people are trying to save something that has reached it's limits.
we don't need to borrow more or extend credit into inherited debt. that's not a solution.
the order of things is no longer tenable
people are trying to save something that has reached it's limits.
we don't need to borrow more or extend credit into inherited debt. that's not a solution.
loyola llothta
☭☭☭
Some how to suffer for the good of Ukraine
We’re fukked here in the UK. Somehow, this government‘s solution to tackling inflation and the CoL crisis is to encourage more borrowing by people that are getting progressively more cash poor. People with mortgages they can’t really afford is one of the main factors that caused the crash in ‘08 and it feels like these dikkheads are determined to expedite another crash.
The property value here in London is already unsustainably inflated due to unregulated foreign investment in properties that don’t even get occupied. You literally can live in a house worth £500k and have 2-3 food banks within a 20 minute drive from you
why are salaries in uk so small as well
levitate
I love you, you know.
EA
A Pound & A Prayer
why are salaries in uk so small as well
High earning industries (£60k+ salaries) don’t really operate outside of the major cities so a lot of the “Little Britain” towns have pretty much nothing going for them. Everyone is moving to main cities for opportunities and corporations have been taking advantage of that by suppressing salaries because demand is so high. Companies also aren’t adjusting their salaries for inflation so everyone is getting poorer each year.
Real wages have been falling for longest period for at least 50 years, ONS says
This article is from 2014 and its gotten worse since then
PortCityProphet
Follow me to the truth
The only reason I came in here was because I read the title 6 times thinking to myself what does a member of the Kids Nextdoor have to do with mortgages they live in treehouses 
But yeah this is fukked up. The world needs higher wages for everyone. The ones in power still want slavery to be round they just slowly making their way back to it.
But yeah this is fukked up. The world needs higher wages for everyone. The ones in power still want slavery to be round they just slowly making their way back to it.
That is literally a financial trap. These stories make you want to buy as much property as you can before shyt officially hits the fan.
Every day I feel like we're at the front door of Anglo/American society collapsing.
MajesticLion
Veteran
serfdom
If not in our lifetime, shyt is going to crack for the next generation being born.