New report shows over 80% of homes are unaffordable for first time buyers

Jun 25, 2014 | Posted by: roboblogger | Full story: Ekklesia Daily News

New research from the housing and homelessness charity Shelter shows more than 80 per cent of properties for sale in England are unaffordable for the average working family looking to buy their first home.

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1 - 13 of 13 Comments Last updated Jul 10, 2014

Since: Sep 10

Earth

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#1
Jun 30, 2014
 
Where's the surprise in this? To those who argue for "unregulated capitalism" this is the inevitable result. You got what you wanted, so shut up about those who can't afford to buy the homes and blame the bankers and construction industry instead. And blame those who exported high paying jobs to third world countries.

Keeping the populace in permanent and perpetual debt (student loans, mortgages, cars) is 20th and 21st century slavery.
Cisco Kid

Modesto, CA

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#2
Jun 30, 2014
 
P_Smith wrote:
Where's the surprise in this? To those who argue for "unregulated capitalism" this is the inevitable result. You got what you wanted, so shut up about those who can't afford to buy the homes and blame the bankers and construction industry instead. And blame those who exported high paying jobs to third world countries.
Keeping the populace in permanent and perpetual debt (student loans, mortgages, cars) is 20th and 21st century slavery.
It's true Obama's QE1, QE2 etc, inflated the Stock Market using taxpayer's money intended to create jobs. With Obama's support those Democrat companies creating obscene proffits off the market were able to move their companies production offshore to capitalize on lower labor costs.
See- GE and APPLE for instance, BIG Obama contributors.

But regarding housing, don't be goofy. The Market always corrects itself with the law of supply and demand.
If people don't buy, the pricing goes down. The cycle has been repeated many time before.
Nobody OWES You housing and don't expect to own more than you're capable of producing.

However,there is the problem of big money democrats capitalizing on the housing shortage by purchasing houses at low rates to rent them out to the oppressed masses they create in order to maintain a democrat constituency.
Without a second class group of people, the democrats have no platform.

“Right Makes might”

Since: Dec 13

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#4
Jul 8, 2014
 
Cisco Kid wrote:
<quoted text>
It's true Obama's QE1, QE2 etc, inflated the Stock Market using taxpayer's money intended to create jobs. With Obama's support those Democrat companies creating obscene proffits off the market were able to move their companies production offshore to capitalize on lower labor costs.
See- GE and APPLE for instance, BIG Obama contributors.
But regarding housing, don't be goofy. The Market always corrects itself with the law of supply and demand.
If people don't buy, the pricing goes down. The cycle has been repeated many time before.
Nobody OWES You housing and don't expect to own more than you're capable of producing.
However,there is the problem of big money democrats capitalizing on the housing shortage by purchasing houses at low rates to rent them out to the oppressed masses they create in order to maintain a democrat constituency.
Without a second class group of people, the democrats have no platform.
You lie again...your hatred is making you looney!

GE's contributions - funny, they spent more on the GOP.

https://www.opensecrets.org/orgs/toprecips.ph...

“Right Makes might”

Since: Dec 13

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#5
Jul 8, 2014
 
Cisco Kid wrote:
<quoted text>
It's true Obama's QE1, QE2 etc, inflated the Stock Market using taxpayer's money intended to create jobs. With Obama's support those Democrat companies creating obscene proffits off the market were able to move their companies production offshore to capitalize on lower labor costs.
See- GE and APPLE for instance, BIG Obama contributors.
But regarding housing, don't be goofy. The Market always corrects itself with the law of supply and demand.
If people don't buy, the pricing goes down. The cycle has been repeated many time before.
Nobody OWES You housing and don't expect to own more than you're capable of producing.
However,there is the problem of big money democrats capitalizing on the housing shortage by purchasing houses at low rates to rent them out to the oppressed masses they create in order to maintain a democrat constituency.
Without a second class group of people, the democrats have no platform.
And big money Republicans, and Conservatives are NOT exploiting the housing market?

You really are drunk on the Teabag juice.
QUITTNER on July 8 2014

Toronto, Canada

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#6
Jul 8, 2014
 
RE: New report shows over 80% of homes are unaffordable for first time buyers
..... If they can't afford it then they shouldn't buy it; rent an apartment/flat! And if they can't afford that then perhaps they could live under one of the many bridges?

Since: Sep 10

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#7
Jul 8, 2014
 
QUITTNER on July 8 2014 wrote:
RE: New report shows over 80% of homes are unaffordable for first time buyers
..... If they can't afford it then they shouldn't buy it; rent an apartment/flat! And if they can't afford that then perhaps they could live under one of the many bridges?
Trolls like you know all about living under bridges.
Fairness

Boulder, CO

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#8
Jul 8, 2014
 
Well mortgage companies get as much free money they want from Quantitative Easing so the prices can go as high as the free money they will give for free. its like this. I'm a mortgage banker, there is buyer A,B and C they want House D for an average of 125,000 because it is actually worth 125,000; then comes the Federal Government and he's telling the mortgage banker it is worth 775,000. Mortgage banker says I need money now and the house is only worth 125-150,000 tops ,the federal government gives him 600,000 "now you wont sell it until it sells for 775,00 then you will ask me if you can sell it for that price, we dont want people to afford housing, they must be under our total concentration camp control, homelessness is one of our main psychological weapons for making them pay more than its worth, dont you know that mortgage man, dont you know mortgage man we sell that homes value in a 1000 mortgage backed financial products in 20 different countries so it has to sell for 775,000 . Goldman Sachs makes 10 billion a month from mortgage derivatives Mortgage man and we get free billions from the fed so here is 600,000 its free money" Its suckers that work.

Mortgage is latin for death grip
Cisco Kid

Modesto, CA

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#9
Jul 9, 2014
 
Fairness wrote:
..........
Mortgage is latin for death grip
You're close enough for horseshoes. But the word is not Latin.

Actually, the word mortgage is derived from a French term; 'Le Morte Gauge' meaning "the death pledge".
It was a term used by English lawyers in the middle ages referring to the pledge ending (or dying) when either the obligation is fulfilled or the property is taken through foreclosure.

http://avalon.law.yale.edu/18th_century/black...

Roman and/or Latin property law was a vastly different concept than Anglo-American property law. I don't think they had a word for the concept of 'mortgage'.
In most ancient societies you were considered one level or another of slave if you were indebted to someone.
Cisco Kid

Modesto, CA

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#10
Jul 9, 2014
 
Slavery....
Which brings us full circle to Mortgage.

If you have never bought a house before, you can never appreciate the shock that ripples through your body and invades your dreams for a few nights or weeks after coming to the dry realization of how much you are now indebted for.
Talk about suddenly sitting up straight and wide eyed in the middle of the night!

Being a slave to "Things" can be a personal sort of adopted tyranny.
Fairness

Boulder, CO

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#11
Jul 9, 2014
 
Cisco Kid wrote:
Slavery....
Which brings us full circle to Mortgage.
If you have never bought a house before, you can never appreciate the shock that ripples through your body and invades your dreams for a few nights or weeks after coming to the dry realization of how much you are now indebted for.
Talk about suddenly sitting up straight and wide eyed in the middle of the night!
Being a slave to "Things" can be a personal sort of adopted tyranny.
I know especially with their interest up front mortgages, car loans, student loans, I literally feel a slave. I wake up somnambulent and kid myself at least I can afford good coffee. I think civil war is better than this feeling. I feel dead. 10 years of paying out the ass and I realize I will be dead before its paid off. i am tired of a society where nepotism allows one to not have to work,interest allows one to not have to work, where they create religion to justify enslavement. I am for war against this system. It is all evil and none of it good. They use the spectre of homelessness to force you to labor because if you think you can camp freely nope they will just put you in the prison labor camps where you will work for free but without the good coffee. Many nights I pray I die before I wake but it never happens and I am against self slaughter. I know I would fight like a demon for any state that seceded from this tyranny all i need is one state.
Cisco Kid

Modesto, CA

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#12
Jul 9, 2014
 
Fairness wrote:
<quoted text>
I know especially with their interest up front mortgages, car loans, student loans, I literally feel a slave. I wake up somnambulent and kid myself at least I can afford good coffee. I think civil war is better than this feeling. I feel dead. 10 years of paying out the ass and I realize I will be dead before its paid off. i am tired of a society where nepotism allows one to not have to work,interest allows one to not have to work, where they create religion to justify enslavement. I am for war against this system. It is all evil and none of it good. They use the spectre of homelessness to force you to labor because if you think you can camp freely nope they will just put you in the prison labor camps where you will work for free but without the good coffee. Many nights I pray I die before I wake but it never happens and I am against self slaughter.

I know I would fight like a demon for any state that seceded from this tyranny all i need is one state.
Civil war is never good.
Nobody enoys shooting their cousin. so don't fight like a demon, pursue life like a saint.

If you want to find that state you're looking for, I live in it.
Not the state of Cali, but the state of spirituality that leads me to serving others physically.

A couple of days a week me and a couple of others scrounge food from stores and government outlets, then store it for later.

Later we provide foodstuffs and also cook and serve meals to the homeless, hungry and just plain needy.

Expensive material things look nice and shiny, but the gratification is temporal and short.
Go for the real thing, it satisfies.

Stop by and have a cup of coffee at least, I brew a mean cup.
Dominus vobiscum
Fairness

Boulder, CO

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#13
Jul 10, 2014
 
domino optimo maximo
Cisco Kid

Modesto, CA

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#14
Jul 10, 2014
 
Fairness wrote:
domino optimo maximo
Est quod meremur.

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