Housing Minister Urges Repossessions
Housing Minister John Healey just shocked millions of Radio 5 listeners when he said on the Victoria Derbyshire show that “It can be the best thing for some people to be repossessed.” A real Lamont moment.
If you fancy telling Healey how you feel about this, why not head over the the Number 10 live chat with the man himself starting about now….
UPDATE 12.12 : According the the Number 10 Webchat “John is on his way, but has been slightly delayed.” He is presumably recovering from a Nokia blow to the head.
I keep telling my tenants this, but they still look glum when my bailiffs throw them out and leave their furniture on the pavement.
He’s right though.
Not often a government minister tells the truth.
Yeah, being homeless is real fun, why don’t you give it a go.
This is not about making people homeless, it is forcing them to face up to and manage debt.
What an excellent idea. G Brown to face up to the debt he got us into by having his home repossessed.
Goodbye Geoffrey Hoon. I shall miss you lots…
your not from CML are you – you know, the people who have said that repossessions are higher than anytime since 1995 but ‘not as high as thought’ – which presumably makes it okay then – wanker!
Has he now been promoted to the position of “Dehousing Minister?”
From the webchat:
alan phillips: Is reposession a price worth paying?
John replies: Repossession is something all of us would always want to avoid, and our government help during this recession has been designed to make it a last resort in all cases. But for some people allowing their home to be repossessed may be the only and best option – allowing them to cut their losses, not get into deeper debt and lift some of the burden they’ve been struggling with. Debt advisers sometimes work with people on this basis and any household facing repossession should always seek free independent advice – you can find out about help available from http://www.direct.gov.uk/mortgagehelp. But the main thing for me is that people know the help that’s available and that every other option is tested first.
http://www.andybarefoot.com/politics/tombstone.php?poster=217120
Make your own versions
Really? So you have a job pay your mortgage, then get made redundant, no money, can’t get another job, too old perhaps, can’t pay your mortgage – what’s to manage?
True, if you have a brood of young oxygen thieves the council may find you somewhere. But what if you don’t? You are homeless.
OK Road Hog, you’re so keen to keep people in houses they can’t afford, you pay for them. I’ll opt out of this one, thanks.
O/T Hoon not standing for re-election. The pussy.
http://donottrustthesepeople.blogspot.com/2010/02/hoon-avoiding-portillo-moment.html
Yeehaw – what an absolute utter Hoon. Apparently he was shitting up his neighbouring socialist Hoon’s campaigns. Hoons. Fucking get the bubbly in. Twat fucking Hoon.
YEEHAW !!
He’s making a very good point. Mind you, as the banks own our houses, and we own the banks, can’t we simply re-repossess them. What’s yours is mine, and mine’s Gordons, who works for me, but says we own the banks . . . . my head hurts.
My family are one of the 46,000. How we larfed when we were chucked out. What a great bloke that Brown is.We will vote him in again,when we get an address to register.
Like all marxists this government is only interested in state controlled “social housing”. They don’t care a toss about those who aspire to home ownership and then face redunancy and repossession. If he wins the election Gordy has promised us a “revolution” in social housing. This will includes plans to allow councils to buy up repossessed homes on the cheap for reallocation to large low income families and immigrants.
Your old address will still get your voting card sent. Simply present yourself at your old polling station with an old utility bill and vote away.
Thanks. I’m off to the house hold waste skips to collect utility bills. I’ll make sure I get rid of Gordy with my 2000 votes
Nothing to stop you doing that except it’s illegal. But in practical terms as long as you got down to the polling station before the actual registered voter and swapped your jacket often enough so you weren’t immediately recognised as the bloke who voted five minutes ago then it’s do-able.
I think Labour prefer registering entire tower-blocks and old people’s homes for proxy votes though.
And it’s legal. Ish.
Another great New Labour success. Despite stealing money from savers via the rigged inflation rate, taxes, and the Quantitative Easing scam, the gerrymandering of the housing market failed, with a 14 year high repossession rate in 2009.
That was the plan.we get them back and sell them again
yup, fuck ups what we do best.
I’m surprised that the number of repo’s is not higher. The Banks must know that the real property crash hasn’t happend yet, so they will lose least by repossesing now. Surely the Banks don’t believe the taxpayer will bale them out again, do they?
I think we should start with Number 10 then number 11 Downing street……there can not be addresses responsible for any greater debt?
Fantastic!
I’d like to turf that fuckwit out of 10 Downing St and repossess that.
What a disgrace!
No answers yet. It is the right thing to do
Still not working. Bit like Guidos on Wednesday PMQs
The word ‘repossessions’ is even spelt incorrectly on the designated Webchat page. This bunch of arseholes can’t get anything right.
After the credit crunch and investors stopped buying home loan-backed securities, MBS, (i.e. £180bn for mortgages not provided by savers) two government schemes were introduced to prop up lending for home loans, and by extension, the housing market and house prices. One was the Special Liquidity Scheme. This effectively allowed banks to swap MBS with the Bank of England for gilts, then swap the gilts for cash at very cheap rates. A full £178bn has been borrowed by the banks in this way.
The other scheme is a Credit Guarantee Scheme whereby the Treasury has guaranteed banks’ fund-raising. £134bn has come through this route. That is £314bn of credit provided to lenders by us, the taxpayers.
Young couples are also tax payers, in effect holding up this bubble and preventing themselves from buying a home.
This taxpayers help in lending for home loans has to be stopped and the £314bn paid back some time, so the market will have to correct it self one way or another.
… so any pain? how will it correct?
Merv the swerve has told the CML he wants his money back on time. Can you see him sending in the enforcers to repossess the mortgage books again?
It will be inflated away. 200bn of QE was just an amuse-bouche. Once the inflation figures really let rip – as they are building to do just as Cameron takes over all the photogenic little nurses will be out there marching to the tune of their union puppet-masters. Shrieking into the TV cameras about a ‘fair days pay for a fair days work’ and ‘cost of living rises’ and all that shit.
Not realising that they’re just the front-line for one million bedwetters, boxtickers and bastards hired since 2001 who daren’t remind anybody of their continued existence lest they be given a P45on the spot.
And the government will cave in and print more money. And then the police will want more money. And then some other c*nt will want some more money.
It’s the 1970′s all over again. Ford Capri anybody?
Inflation. Printed money. wealth destruction on an astronomical scale. And all because Gordon hadn’t the courage to balance the budget back in 2001. Or any year since for that matter.
As usual, spot on jgm2. Once you start printing you simply can’t stop. Unless you’re prepared to take twice the pain you would have if you hadn’t printed at all.
And is Brown prepared to take the pain??
Why did I ask?
Actually you can print money and then stop, but only if the money you printed was invested in sound exporting businesses who could do something about the trade deficit, so that we could produce (through the manufacturing of goods and the sale of services) our way out of recession.
This time around the money was used to purchase government debt, which helped the government keep funding box tickers who have not produced anything but more mindless and wasteful paperwork, and then they spend their money on products from overseas, so it will not have helped our economy in the long term at all.
All 200bn was used to prop up house prices. Our major ‘industry’ for the past decade. That and borrowing from the future.
Very true Mr Ned, very true.
This car scrappage nonsense has worked in exactly the same way. All the people that I know who have “taken advantage” of it have purchased cars that are manufactured outside the UK. The net result is that McBust got his artificially fudged “0.1% growth” but large amounts of money left the country courtesy of Mandelscum and his meddling.
This ridiculous scheme has simply impoverished the country further (and probably increased the world’s “carbon footprint” should one wish to care about such things as a whole bunch of shiny new cars have been unnecessarily manufactured in Poland and elsewhere).
If house prices are set to decline to a trough of 2.5-3x earnings then its best for the defaulting borrower and bank to quit sooner rather than later, and take advantage of the dead cat bounce.
We own the banks, they lend money to Kraft foods for British job uncreation, and the Carbon taxes pay Indians to shut our steel plants and rebuild them at home.
Because it’s the right thing to do.
JGM2 your wasted on here with Mr.Ned you should be advising our so called parties in opposition how to fuck Labour,..if iF only
Amuse-bouche? Where I grew up, they were good, honest amuse-gueules. None of that la-di-da stuff for us. Bet you grew up cleansing your palate with blinking sorbet citron you blinking toff.
Apart from that minor point, your reasoning is perfect. It’ll be ‘Life on Mars’ for us into the foreseeable.
Buying and selling houses to each other is a wonderful way to ensure properity for all forever, Praise Gordon!
geoff Hoon standing down, Al Beeb news ticker.
spending more time with his flipping property portfolio.
Former Defence Secretary Geoff Hoon is to stand down as an MP at the general election, he has announced.
The Labour MP, who tried to organise a vote on Gordon Brown’s leadership last month, also served as the party’s chief whip and transport secretary.
He had been facing calls for de-selection by his local party in Ashfield, Nottinghamshire.
Mr Hoon, a Cambridge-educated former lawyer and lecturer, has been an MP since 1992.
Given the EU Greek debt situation
IT WAS A GOOD TIME TO BURY GEOFF HOON!!!!!! lol
Wikipedia:
In April 2009, it emerged that he had rented out his London home and claimed expenses on his constituency house. While doing so, he had lived in state-owned, rent-free housing in Admiralty House (London). Hoon asserted that he had only claimed what he was entitled to. But the financial arrangements were quite heavily criticized in the media, because his London home was registered as his main residence while it was allegedly let out to someone else. In May 2009, the Daily Telegraph printed allegations that Mr Hoon had been flipping his homes in London. Flipping is a technique for Members of Parliament to switch their designated second home between several houses, allowing them to claim the maximum available from public funds for home improvements.
Competition time:
What is to replace the word “hoon” to represent a useless instance of female genitalia?
Gordon.
from al beeb
http://news.bbc.co.uk/1/hi/uk_politics/8510574.stm
“Bob”
I trust that the you hoi polloi will be out in force when my book comes out shortly. I’ve been getting on with the job of writing it whilst I was pretending to be an MP.
An Osborne. As in , he is a smelly, wet hairy Osborne!
Covered in a rich layer of wallpaper paste, too.
it is true. saves more debt being racked up. debt needs dealing with, not sweeping under the carpet. however it won’t please his jam today masters
Telling the truth in New Lasbour is verboten (and in Camp Cameron)
A significant number of the repos are empty properties from amateur buy2let landlords and new build “investors” – perhaps CML should break the numbers down so we can see how many familes are made homeless.
q. is it their first or second house?
Sorry, how rude of me. Happy Birthday Guido!!
Is it considerate of Mr Hoon to stand down on guido’s birthday!
In memory of whoever used to post.
Geoff Whoon says
“Can I just say, I’m a Kunt”
Gone, but not forgotten.
Maybe that’s the sort of present Guido likes
Probably a bit like when they started talking up quantitative easing a few weeks before starting.
He will soon be joining the people in having to move house.
May 7th is going to prove a very difficult date to get hold of a removal van.
People who live in grace and favour residences do not face reposession. With the debt run up by this government its amazing we still have the HofC though if he could I am sure that is another asset Gordon would sell, of course at the bottom of the market. I doubt Gordon has ever had to pay for anything in his life. Both he and this government must be the most inept and disfunctional ever.
Socialists always run out of other people’s money.
Its not impossible to see where there might be some logic in this statement. But its still an incredibly insensitive thing to say, particularly in such a public announcement. Foot. In. Mouth.
Yes and Radio 5 are spinning this as a good thing as well. The vile Scabby Logan and that useless jock cow were backing this halfwit up. I just wonder what the BBC would have said if a Tory had spouted this crap?
Labour minister shocker Repossesion is a price well woth paying!!!!!
They dont give a toss about anyone but themseleves, lets be straight about that. Helping people in the downturn my arse!!! The only thing they help themselves to is Taxpayer cash via expenses whilst they shine the seats in government cars!!!!
Ohhhh. Well spotted. This really is the antidote to the shrill Labour bleats of ‘Unemployment is a price worth paying…..’ that they love to throw at the Tories.
‘Repossession is a price worth paying…..’
Twice – in two days. First the R.I.P Off Death Tax fiasco and now this.
Hahahahahahaha.
They’re shit. And they know they are.
If you’re crappy and you know it, clap your hands.
If you’re crappy and you know it, clap your hands.
If you’re crappy and you know it,
And you really want to show it,
If you’re crappy and you know it, clap your hands!
* Claps *
(flaps)
he has been sent to re-edcucation camp No.5
property prices only go UP!!!!!!!!!
ask the banks.
ask the buildings societies.
ask the estate agents.
ask the surveyors.
a massive con trick to fleece you………
buy a house and over 25 years you pay back 2 or 3 times the loan depending on interest rates. then there are the £1500 arrangement fees for putting your head in a noose.
you forgot the politicians.
I do remember one going on about encouraging more first time buyers into the market – probably 2006/7 when things were just starting to look really bad – asking for a big stamp duty holiday or some such guff.
Anyway Mr. akhbar … isn’t all this “borrowing money” against your religion.
Beckett tells first-time buyers: don’t delay
http://www.timesonline.co.uk/tol/news/uk/article5537031.ece
Yes, it’s never too late to sign away 25 years of your future earnings for 10K worth of breaze blocks, MDF and plastic pipes. Go on. Make a slave of yourself. Be like all the other wage slaves. Enslaved to their shit pile of bricks.
Go on. Interest rates have never been lower**. It’s never been more ‘affordable’ to enslave yourself for 25 years to 10K worth of materials.
Go on. Borrow more. Keep house prices in the stratosphere. Lets keep this Ponzi scheme going. Begger yourself so I can sell my pile of cheap materials I bought for fuck all in the 1960s and spend my retirement on Caribbean cruises.
** Interest rates may go up as well as down. Your house may be repossessed if you fail to keep up repayments.
http://www.webchat.number10.gov.uk/Default.aspx?webchatID=98
reposessions?
can’t even spell it?
More embarrassing North Britains, Lord Provost Grubb:
Edinburgh council’s shameful treatment of serving soldier’s daughter.
I think i know your brother, Toni.
It’s all a sideshow to postal votes in the marginals, as well as the postal votes in the safe(r) seats that will free-up activists and money for where the real battles will be fought
Ohh, begins shortly
lets see if its him
He’s arrived @Downing Street, wonder if he leaves by the back door….
Unlike Mandlescum who always enters by the back door
He might have had a point – it will certainly be a good thing when no’s 10 & 11 Downing street have their tenants evicted!
I’m intensely relaxed about little people’s slum dwellings being repossessed.
All this inflating away deflation cannot go on forever. All the measures, inc QE are holding operations to postpone the inevitable..there are hundreds of billions of unliquidated debt, private and commercial out there exerting enormous pressure downwards and it ain’t just going to be wished away.
To suggest that it could be the best thing for some to be repossessed is to put a moral spin on an inevitability which is gut wrenching.
The best thing would be for the entire Labour cabinet to undergo hara kiri on the Nine o’clock News will apologising to the nation for the criminal cock-up of a economic policy they pushed for 13 years.
Unfortunately we are at the point where it is not individual repossessions we need to be worrying about. It is national repossession.
As a nation we are well on the way to b*ankr*pcy. we have out of control public spending, out of control public sector recruitment, an out of control deficit and out of control debt and an out of control Prime Minister.
The brakes are off, the accelerator is jammed and the steering wheel has come off.
We’re FUCKED!!!!
No we are Doubly Fucked!!!
Its all Greek to me.
“The brakes are off, the accelerator is jammed and the steering wheel has come off.”
Our economic model was clearly designed by Toyota (with special assistance from McDoom).
At least we’re green !
He is not answering questions….sent two polite ones alreadys
Lessons in moral probity from ZaNuLabour? Is it April 1st already?
I wish Toyota would repossess my fucking Prius.
But on the plus side now the brakes don’t work you can finally get your slug bucket up to 60mph.
John may be going, but Hoon has beaten him…
See Sky News http://news.sky.com/skynews/Home/Politics/Geoff-Hoon-Stands-Down-As-MP-At-Next-Election-Former-Defence-Secretary-Is-Critical-Of-PM/Article/201002215546856?lpos=Politics_Carousel_Region_1&lid=ARTICLE_15546856_Geoff_Hoon_Stands_Down_As_MP_At_Next_Election:_Former_Defence_Secretary_Is_Critical_Of_PM
Rat Ship Sinking
Ohh a question….
Just went over there, it’s extraordinarily slow
John Healey is repossessed by evil spirits.
One question so far, and no answer!
he’s very slow in answering – maybe he’s consulting Gordon on what to say – could be a while then
gordo is typing the answers one fingered
ahhh – and the other finger is in a warm moist place.
What, between his rocks and a hard stool!!
Of course he’s right – it must be the tenants fault, because remember liebour promised no return to boom and bust.
And House Repossessions “Its the right thing to do”.
No 10 needs repossessing and let out to people who know what they are doing
Lets have the bailiffs in this afternoon
I daresay he get his copies of “Big Issue” sent via Roayl Mail.
Still I admire his honesty
Latest from Mintruth: Repossessions are good for you
That’s why we’re organising things so there’ll be lots more of them soon.
Nice one.
Looks like a twat is leaving the sinking shit.
The only person I want to see kicked out of his house is bloody Brown and quickly
Was it really 20 years ago that the Mondeo was released? I thought it was the mid nineties?
I had a 1994 model as a company car and I think it was one of the earliest. Could be wrong though.
Wikipedia says early 1993 for the official launch.
And the Nelson model?
Nah, 1992-1993 it must have been. The Sierra RS cosworth was still being built in 1991-1992………………..
Ahhh the cosworth.that fucker woke the cops up from the shite they were driving
o/t Hoon, the Hoon of Hoons is not standing at the election. Shame!
The questions being asked all look about as genuine as any from a Labour backbencher at PMQ’s. I’d put money on Mandelson both posing the questions and answering them.
Guido the webchat is filled with planted questions with pre made answers.
the fuckers haven’t answered my question yet and I thought it was resonable one, no fucking wonder Brown want’s all he crappy rules for the TV debates
Quel surprise!
We’re losing one of the best MP’s in the country with the sad departure of Geoff Hoon
…………not…………
THANKS GUIDO, you have become a fan of government intervention now? I suppose you would rather use our taxes to keep them in the homes they can’t afford? Or better yet, prop up the housing market with a big bailout?
You are no better than the politicians you mock
Prop up the housing market with a big bailout? Wash out your mouth. Don’t you know that this crisis was caused by reckless Americans borrowing too much? Most emphatically not reckless Brits (including Gordon Brown) borrowing too much.
Has the BBC taught you nothing?
It’s almost like you’re suggesting this ‘crisis’ is nothing other than an enormous housing bubble just like we had in the late 1980′s. Only much bigger. And much more bust.
A different housing bubble though.
In the late ’80′s interest rates went from somewhere in the 8′s to the 15′s – 15.4% was the top of the tree, iirc. Diificult to know how to get out of that other than to get booted out of the ERM, cut interest rates and see the economy recover.
Now?? Interest at zip or as close to it as makes no difference. So you can’t cut, you can only raise. Oh, I think we may have a problem, Houston.
It’s a different boom. But it was still a massive housing boom. Which was never going to end well. And economy that relies (as ours is now revealed to have done for the past decade) for all its ‘growth’ to come from folk borrowing against the insane ‘value’ of their insanely overpriced houses was never going to end well.
If that took higher interest rates or a sudden cut-off in the supply of new cash as lenders realised they might not see their money back then the outcome is the same and the root cause was the same.
You’d want to be a real visionary to have seen a sudden loss of confidence and the printing of money back in 2003.
Just like this c*nt predicted…
http://boards.fool.co.uk/message.asp?source=isesitlnk0000001&mid=8209093&mrr=0.50
Greenspan is on the record as saying deflation is not an option. So, once you’ve reduced interests rates to zero and the debt is still increasing, because we’re all muppets addicted to cheap credit including our governments, then the only way to get rid of debt is to inflate it away. Ie print money.
Except you don’t have to be a visionary. You only need an IQ slightly higher than a jellyfish to see the inevitability of the Labour Idiocy.
Fortunately for Labour the UK is filled with jellyfish.
Woooooo, horsey!
I’m on your side jgm2. I know we’re f*cked and knew we were fu$5ed when the Boe dropped interest rates in September 2005 ‘to get the housing market’ moving again.
Believe me, I’m a social outcast, a pariah. My Mrs tells me not to mention politics or the economy when we go out! Or no sex – again!!
Sorry if you thought I was having a go at you Rip. I know you ‘get’ it. It just makes my teeth bleed when I speak to so many relatively educated people who still don’t ‘get’ it.
I have to constantly ask myself how do these people manage to function at all without being able to see what is right in front of their face?
This economy has been wilfully or (at best) negligently destroyed for short term political gain. Destroyed by Blair, Brown and Labour. And the negligent stupidity of the BBC, the MSM and the great British public themselves who not so much took their eye off the ball but didn’t even realised the game was fucking well on.
Aaaaaarghhhh..
I remember when governments sused to say ” we have to increase interest rates to stop the economy from overheating” well this is what happens when you don’t,and before anyone says “its the credit crunch stupid” yes it is partly the credit crunch ,but that has only exposed our weakness which was always there.As usual with these things it will be the sensible people who live within their means who will bail out the rest,this is now going to happen on an international scale across europe,its always the worker who bails out the skiver. France and Germany want Europe so let them bail out the rest.By the way I support a european market,
Tosh. It’s the patronising moralising and ‘coyness’ about reality that sickens. No one takes pleasure at repossessions of peoples’ homes or property. It begs the question as to how they got there.
The fool’s paradise school of Labour financial management bears the blame and it’s sponsors are still in office for a couple of weeks. These people should cover themselves with ashes and plead in whining voices for mercy from the public’s righteous anger.
I take pleasure.I don’t show it but I do.
According to Journalists and 30% of the UK still think Labour and Brown are doing a great job so leave him alone.
We the media, like labour we only tell half truths so go and fuck your self.
The only home I would like to see reposessed is No 10 from that stupid useless unelected squatter.
If Greece is being bailed out by the Euro people only why is McMental there?
For a kebab?
I’m giving everyone advice on Reserve Management, financial risk management, fiscal prudence and sound budgetary practices.
My budgie has a problem.
What a complete load of bollocks. I asked a couple of polite questions in which I didnt refer to him as a tosser once and got no answers!
Somebody should ask the government about council tax attachments of earnings, the new tool of choice for collection of overdue payments. 17% of your net income for anything over 350 pound a week… thats a kicking if you are already in trouble..
Your browser is showing the last site you visited was here.
Clear your cookies and try again, after visiting Labourlist…
Don’t build your hopes up, though.
property market top = lots of reposessions = lots of supply = lower prices = more affordable houses = better quality home owners = reposessions slow down = housing market bottom
the circle of financial life, Don’t encourage people to mess with it GUIDO.
This MP is SPEAKING THE TRUTH.
He is speaking the truth. Too bad they weren’t saying it back in 2002 and 2003 and acting to prevent it though.
Or even in 2007. At least we’d have the majority of the bust behind us by now instead of it all still to come.
We’re fucked.
we’ve had the phoney recession now comes the real one,those green shoots are the green shoots of printed money.It’s now that every week we hear of another big company shedding jobs or more likely going overseas. Is there a great long queue of foreign investors queueing up to build factories or invest in UK? Thanks for nothing Labour..Obese government doesn’t work
He isn’t speaking the ‘truth’ because he’s Labour.
Allow a boom to happen and then TAKE responsibility for the bust which, as night follows day, inevitably follows.
Just don’t patronise people.
It’s what Labour does best, I’d almost forgotten.
Labour MP telling truth = fairy story.
People who don’t pay their mortgages should be repossessed. Why should they be bailed out by taxpayers who have not borrowed far more than they could afford in order to buy an overpriced house?
Repossess the wasters and watch house prices go down by 40% back to their historical average.,
It has to happen but I want LABOUR to tell us the truth we already know.
Sorry is such a little word but apparently not in a Labour dictionary.
It is in their vocabulary, but is pronouced diffrently:
Sorry = “it is all that bitch Thatcher’s fault”
Just as “Yes” is pronounced “It started in America”
and
“No” is pronounced as “It is the right thing to do”
housing part 2
there are 1 million empty homes in the uk.
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article2686130.ece
housing is SO AFFORDABLE………..
that is if you think paying 50% of your take home is sensible……….to keep the directors of banks+building socs in the comfort they deserve?
i wonder how adam applegarth is coping on his £62,000 per MONTH pay-off?
50% of your take home when interest rates are at 0.5%. You can probably get mortgage rates as low as 3% with a reasonable downpayment. 3% mortgage rates and you’re still paying 50% of your take home on the mortgage?
Not you obviously. But some will be.
House prices are still 50% too high. I’m a homeowner and even I recognise that. High house prices are fucking nuts. These poor gullible fools, brainwashed by economically spastic but well-meaning parents and voracious banks and ‘friends’ looking for self-reinforcement all telling them ‘Go on – indebt yourself for the next 25 years’. Be like us.
Spend the next 25 years coming home from a shit job and a shit boss just to keep that 10K of materials over your head. Cry yourself to sleep with the frustration of being stuck in such a shit career with a boss who is a wanker.
Cheer yourself up by borrowing even more money to buy a car that will only make you happy for a week but you’ll be paying for the c*nt for the next four years. Go on. Buy that TV. Go on. Buy that handbag.
Go on. Be a fucking slave. Be like us.
If house prices came down by fucking well 80% it would be a blessing for the whole country.
Exactly jgm2
In truth they are only buying the land on which the house physically stands. The bricks and mortar of yer average British house are shoddy and cheap. 80% of the cost is land.
Building companies, hogged land with planning permission speculatively for decades knowing that building and material costs were virtually static (and with Polish builders actually going down) while the land went up with the boom. People buy the house but actually they are buying the land. Unless like some buy-to-letters they were actually speculating.
The empty houses are, in the main, speculator stock hoping for the market to ‘recover’.
These are the folk that QE et al are keeping in business, not ordinary people.
in Japan it takes three generations on average to buy a house,and they are 2nd biggest economy in world. Being the 2nd biggest econ. does always help everont, there’s an amazing amount of poverty in US, so its all relative. Just remember always buy cheap and sell high
But you know qas well as I do that this stinking government would never allow all that extra money to be kept by wage earners….it would be absorbed by more taxation. And spent on keeping NuLabour’s client groups happy. (otherwise known as buying votes)
Housing market bottoming out?
Count me in
Ive always been a bottom feeder
[...] the best thing for some people to be repossessed.” Yup, that’s right – check out Guido Fawkes here. Now, just in case you’re feeling confused that a member of the party that is purportedly [...]
I agree with him.
Dont pay rent you get evicted.
Dont pay mortgage, get repossesed.
One mans loss is anothers gain. Thats capitalism. Frankly im amazed this (usually) superb website is being so absurdly partisan about this.
It’s the Schadenfreude of Labour, however accidentally, having to tell and unpalatable truth. But better than that. They’ve just lost another one of their knee-jerk soundbites.
We no longer have to listen to ‘Unemployment is a price worth paying….’ being thrown in our faces as the excuse for destroying an economy.
Now we can all counter with ‘Repossession is a price worth paying….’
And while people are pissed off about losing their jobs they are a lot more pissed off about losing their house.
Hoist on their own fucking nasty petard. Good. Too fucking good for the c*nts in fact.
you’d be bullshitting a bit though.
Lamont really did say:
“Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying”
You’d have to invent what he said “the price was worth paying” for.
Look at guido’s quote: “It can be the best thing for some people to be repossessed.” is only incorrect in that they should have tried to sell up under their own stream. Pretty much stating the obvious.
I’m sure a quote can be manufactured in the same way that Thatcher’s ‘No such thing as society’ was taken out of context and hurled with abusive derision for the last 25 years by the LVNT (Labour-Voting-Non-Thinking).
Just to piss the c*nts off more than anything. See how they like having half quotes used to poison lazy voters against you.
Thatcher taken out of context? She should have been taken out and shot. Suburban housewife with rich hubby tells the poor how to live.
She is a GODESS
“Dont pay rent you get evicted.”
…and then the council rehouse you…
No they don’t – they call it ‘intentionally homeless’ and you’re not entitled to a council place.
No-one should be entitled to a “council place”. It is absolutely disgusting that local authorities are permitted to manipulate the housing market and destroy people’s freedom by controlling vaste swathes of housing at the expense of private individuals.
Rather like the NHS, the existence of huge numbers of state owned residential properties housing people who pay almost nothing for the privilege is a clear sign of an incredibly sick socialist “society”.
Could be a good time to get into the cardboard business.
Boxes – under the local arches.
I rent arches
Domestic housing is not the problem. Commercial property will fall off the cliff this year. No tenants . No rents. Who will bail out the lenders when this happens? Oh of course I forgot- the taxpayer.
It will be the right thing to do. Too big to fail unlike the poor pleb homeowner
“But for some people allowing their home to be repossessed may be the only and best option – allowing them to cut their losses, not get into deeper debt”
He must think that repossesion cancels their debt when, in fact, the lender will sell it at the ’90-day price’ (ie priced low for a quick sale), and any shortfall is still owed – they WILL chase you (forever) for the balance.
Which they can’t in America….just hand in the key and walk away.
The property remains the lenders property not the debt.
That is why in America the correction is more realistic than so far in UK.
In UK if you stay you are buggered, if you leave your buggered.
In a word ‘debt-slaves’ as sure as in ancient Rome.
In America, at least you are free. The lender always carries the risk, in UK lending is like shooting fish in a barrel.
He told people the truth.
It’s certainly the best thing for the country.
Too bad Cameron can’t ask Brown to endorse that truth in a timely fashion though.
That’ll be the John Healey who spent thousands of our money redecorating his Lambeth flat and even had the nerve to charge us for his locksmith’s congestion charge. He claimed over £7,000 for timber windows. I have a rope here I can give him for nothing.
PissedOffWith’Em says:
THATS WHY THE ESTIMATES ARE ALWAYS HIGH , SO THEY CAN CELEBRATE WHEN THEY DON’T REACH THE HIGH ESTIMATE, ITS WORTH NOTING THAT IN THE GREEK CRISIS THE NATIONAL STATISTICS OFFICE THERE HAS BEEN FOUND TO HAVE BEEN “FABRICATING” STATS TO SUIT THE GOVERNMENT. I REFER YOU TO THE NUMBERS OF EASTERN EUROPEAN MIGRATION ESTIMATES AND MORE RECENTLY THE “END OF RECESSION “FIGURES
“It can be the best thing for some people to be repossessed.”
A coded message to Labour backbenchers about future employment prospects post-GE perhaps.
Or maybe he is just winding them up because he has a large majority?
Every now and then one of the NuLabs reveal their true colours. What a stinking piece of scum this moron is. Another nail in the coffin come election time…I hope the tories use his quote on massive posters everywhere….
What alongside Lamont’s famous statement that unemployment is a price worth paying? You do realise they are ALL THE SAME, don’t you?
Can I have one of the repossessed houses on the cheap.
Like Healy I am a disgraced crony of Gordo.
Give me a job.
Just thought I’d ask, but by any chance had Gordon Brown met Alexander McQueen recently?
The minister is a fool, the vile VD gave him several opportunities to correct what he had said but he just kept on saying it. She even asked him after a short break when it seemed blindingly obvious to me that she had been told by her producer (or similar) that this was a big story and that she had better get him to confirm one more time what he had said…
What a bunch of tossers some of you lot are.
I deal with people who’ve lost everything because of illness, redundancy etc & when they lose their home it’s not helpful it’s devastating. They never recover because of this blight on their status it effects them for many many years to come
Also to ad insult to injury if you don’t have kids the local authority won’t rehouse you because not paying your mortgage is considered a ‘intentionally making yourself homeless
Additional all this help that labour & their acolytes bang on about exists in name only
What a bunch of tossers some of you lot are.
I deal with people who’ve lost everything because of illness, redundancy etc & when they lose their home it’s not helpful it’s devastating. They never recover because of this blight on their status it effects them for many many years to come
Also to ad insult to injury if you don’t have kids the local authority won’t rehouse you because not paying your mortgage is considered a ‘intentionally making yourself homeless
Additional all this help that labour & their acolytes bang on about exists in name only
When it all went tits up, we should have bailed out the country, not the banks, those banks that failed let them fail, wiped out everyones debts, credit cards, business loans and mortgages.
People would have had more money each month, they would have spent it and so stimulated the economy, thats how u know Parliament works for the International bankers, not us.
Reflections and Warnings
I just want to make it absolutley clear that whilst Geoff Hoon will be standing down as an MP at the next election, he will retain his position as a right honorable, weapons-grade Hoon.