Obviously I guess it doesn't really matter for those people, but there must be millions of people who are either struggling financially or just about coping who would benefit greatly in financial terms from selling to rent.
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Should individuals who cause an economic crisis be sent to jail?
- Thread starter adrock1976
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Obviously I guess it doesn't really matter for those people, but there must be millions of people who are either struggling financially or just about coping who would benefit greatly in financial terms from selling to rent.
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Which is why blanket statements rarely work.
What you're forgetting is that in the modern world houses aren't simply seen as somewhere to live, but inevitably as an investment.
This is typified by the TV show "Homes Under the Hammer". For those who don't know, it follows people who buy a house at auction, refurbish it and then usually either rent it out or sell it on. Occasionally though, when the presenters ask the buyers what they're going to do with the house they say "We're going to live in it." and they get a look as if to say "Who are these weirdos?"
Xenophon PCDGS
Veteran Member
In those areas you name above of London/the South East, what percentage of the total workforce have minimum wage, zero hours contracts?
Xenophon PCDGS
Veteran Member
Not being aware of the time periods covered by the television programme to which you make reference to, are you aware that prior to 2017, buy-to-let landlords, for purposes of taxation, could offset 100% of the interest payable on mortgage interest against the rental income of the property.
In tax year 2017/2018, the figure of 100% was reduced to 75%
In tax year 2019/2020, the figure of 75% was reduced to 25%
In tax year 2020/2021, the figure of 25% will be reduced to 0%
Quite a high percentage - likely similar to or higher than 'up norf'. A large proportion of retail staff earn at or just about the minimum wage and most don't know from week to week what hours they're going to be working.
Xenophon PCDGS
Veteran Member
Do your figures relate only to those on the "minimum wage" or do they include those on the higher rated "living wage"?
Some employers play the living wage, but many do not. You can see a list here: https://www.livingwage.org.uk/accredited-living-wage-employers
Keep in mind though that the living wage is exactly that - the wage necessary to have an acceptable quality of life. And even getting the minimum hourly rate doesn't help if you can't be sure of regular hours.
Xenophon PCDGS
Veteran Member
If these retail staff, necessary to ensure shop cover in a normal working week, cannot rely on a recognised work scheduling system, is it not the case that the employer has too many staff on the payroll and therefore has to use their existing staff to allow for that fact?
Xenophon PCDGS
Veteran Member
What were the exact legal charges made in the Icelandic situation and under what law were those charges made?
I do have evidence in the form of my daughter's BF who was a bank manager in a poor-ish part of Bristol. He had to sell mortgages to customers or his area manager would have had words and ultimately he would have lost his position (as well as bonuses). He told me he was pressurising people to take mortgages that he knew they could not afford, giving them misleading (if not actually false) information to persuade them. He felt ashamed of himself while doing it.
These customers were not being greedy : they were less well educated and/or less bright people and simply did not understand money and arithmetic. They were taking the word and advice of a figure of authority that they trusted.
Not necessarily. There can be financial advantages to paying two people for half a shift each rather than one person for a whole shift. Plus large pool of available workers makes it easier to cope with peaks and troughs in demand.
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