man tops himself over huge debts

[CANV EFM]

widow blames beastly banks for making him take out huge credit card debts and then harassing him to death.. er right so nothing to do with him using the most expensive form of credit on the planet like a dope you dumping him when you found out he was a bit skint and maybe him suffering from the stress of that, the extra expense and the worry of losing his family .. lets all blame anyone..

maybe some new laws to protect people from themselves.. tell you what lets go back 50 years when you had to find a 30 per cent deposit before you could get a mortgage

[Bate'o]

Quote:

CANV EFM said:
tell you what lets go back 50 years when you had to find a 30 per cent deposit before you could get a mortgage

...and make it even harder for prospective first time buyers!

[MHL]

In the past homes were more accesible for people.

 

Even if you earn decent enough wage many people can only afford homes in Denton, the Dickens or pokey flats in Gravesend. No disrespect but a lot of First time Buyers do not deserve to move from comfortable working/middle class houses to the shi* they're offered by the Estate Agent. The prices are ridiculous, as a First time Buyer (ex rental) I should know.

 

In the past first time buyers could afford houses with the luxury of a garden.

[Uncle Urchin]

trouble is...people EXPECT to be able to have everything...they thinks its their RIGHT....

 

never mind if they can afford it or not....its not the wealthy capitalists that are bringing this country to its knees....its the peasants in revolt that think the world owes 'em a living....

 

if you can't afford a huge gaff...live in one that you can afford...same as I did 30 years ago.....if you can't afford a big car...get a small one..same as I did 30 years ago....if you cant pay orf credit card bills....don't fckin use 'em...they never had 'em 30 years ago...

 

its the responsibility of everyone to balance their own books...you wanna spend loads of dosh...make sure you've earned it first....

 

the banks are businesses...they have to make profits for shareholders...they sell money and credit....they are perfectly entitled to get their money back in the event of non payment...

[MHL]

Certainly true, but lets wait and see. First Time Buyer Market is waning because the prices are so high.

 

People are prepared to pay for what they get, but I'm not prepared to spend a fortune for some shi* in Gravesend.

 

Work hard and save then you should afford somewhere your happy with, not with the choices given by the Estate Agent.

[CANV EFM]

its not estate agents its supply and demand.. house prices are what they are.. when i bought my first house i was a skint as s..t.. i totally agree with the unc here, you cut your cloth.. i remember taking bags of change to the boozer and working out the value way to get drunk.. if i had no dough i stayed in (so basically from the 12th of each month onwards).. houses have always been crippingly expensive for first time buyers.. if you dont struggle as a young'un you dont appreciate it should you make it to the comfort zone

[mala_D]

..or just do what that 17 yr old bint on tv last night did!

Had her first kid at age 14, now she's expecting her fourth child. Council house etc... <img src="/images/graemlins/mad.gif" alt="" />

 

 

 

[Bridge]

Sounds like a right class act...

[EMH O30crew]

Michael Jackson had his first kid aged 14...look where that got him!

[Big J R]

Problem is, it's too bl**dy easy to be granted credit these days, without the means to repay !

 

I always think it's a bit like handing an eight year old child a loaded revolver and seeing just how long it takes him/her to find and release the safety catch !

[American FLEET FAN No1]

Come on J.R......you aren't asking Banks and Credit Card companies to take resposibility for all those "You have already been Approved" letters that insulate your doormat......are you???

Whatever next???? <img src="/images/graemlins/confused.gif" alt="" /> <img src="/images/graemlins/shocked.gif" alt="" /> <img src="/images/graemlins/mad.gif" alt="" />

[MHL]

Thats my point mate, a lot of first time buyers cannot afford houses. Yet your first property was a House. I have no problem with being skint when I'm paying for something I'm happy with, but nowadays the market is so high that a pokey flat is the only market for First Time Buyers. Hence you get the Buy to let places or young people moving out at a later age. first Time buyers are more then willing to scrimp and save and work hard for a property but not for some shi*, lets be honest you can't argue to me that property prices are indicative of earnings?

[Big J R]

Now you know why I admire that bloke from Brighton a few years ago !

 

He was a registered bankrupt, and yet received a platinum application request from American Express. Somehow, he got the card, used it to it's limit, then sat back and waited for the bang !

 

Eventually American Express took him to court and the Judge threw it out ! Apparently, A.E. should have checked ! Cost A.E. a lot of dosh !

 

Great stuff........

[CANV EFM]

my first property was a house on canvey.. which probably equal to a flat in the 'church' on price.. house prices are indicative of earnings in that the proprtion of earnings required to servive the average mortgage debt is still running at comfortable historic levels.. house prices compared to wages are at historic highs yes..

this is due to sustained stable low intrest rates .. its the market.. dont fight it....

 

first time buyers should move further out from london to get a better pad

[EMH O30crew]

like to Portugal!!!

[Colin, Germany]

We can live and work where we like in the EU - at least until Malta join.

[CANV EFM]

protugal is probably more expensive than the burbs here!!

[Mark (Flag) Braintree]

I will give you an example. When debt is not your fault.

 

This bloke got Married and moved in with his now X wife back in 1987, his sister and her now X husband. Bought a place (Mortgage) for 51 K for a 2 bed flat, (Only way to get on the housing ladder) when the marriage split in 1993, the bloke could not afford the Mortgage re-payments, so it was repossessed, because of the 1987 crash and prices dropping when repossessed it went for 19K, the blokes X wife gave up her job, and the X Brother in law and the Sister too and the mortgage company came after the bloke who was the only one who did not give up his /their job.

 

If you get in debt because of NEGATIVE EQUITY. Which is not caused by you as an individual and can not be foreseen surely this debt is very harsh.

 

Would you not agree?

 

This bloke has learnt never to get a mortgage ever again and now only rents. For the record he has never been in debt with any credit cards or other means.

 

 

[EMH O30crew]

Agreed Portugal is more expensive but if I am gonna have to put up with chav scum, assylum seekers, scroungers, leftie's, do gooders and busted..then I would rather be somewhere hot!

[mala_D]

Cost of Living in Portugal is cheap cheap cheap!!!