| £32,000 per year 06:39 - Jan 20 with 19047 views | raynor94 |
Should you be using a food bank?
It's come up this week a nurse has said that's what she earns and can't survive without a food bank.
A Tory mp has said on the airwaves that there is something wrong with her budgetin skills, in this instance i haveto agree with him.
And how does she get a voucher earning that type of money, thoughts? |  |
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| £32,000 per year on 18:44 - Jan 21 with 1018 views | waynekerr55 |
| £32,000 per year on 18:36 - Jan 21 by onehunglow |
I remember that era well.
We bought pour current house on an endowment mortgage at 18 % . Mortgage with endowments were missold We were . We got nowt back.
What percentage ? Don’t know but we couldn’t get out of it for 25 yrs.
Put it this way. Going up from 10 % to 18% was serious
Mortgages now are infinitely more flexible but that s not to say Id want to be 25/ 30 again with a mortgage around my neck.
I will add that we took a modest mortgage on as we were concerned about future finances and also didn’t want to have a big house with nowt inside. Ie all show
I know many who overstretched themselves
My advice is parsimony is not a capital offence |
I agree but the point is wider that wages and living standards are in free fall, not this urban myth about avocado and flat whites (which I know you weren't saying) |  |
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| £32,000 per year on 18:46 - Jan 21 with 1003 views | majorraglan |
| £32,000 per year on 17:21 - Jan 21 by raynor94 |
As I said earlier mortgage interest rates were in excess of 18% in the early 80s, there's far more help around these days |
Yes, but the strict lending criteria applied by the banks usually 3.5 c a single income or 2.5 x a joint income effectively pegged housing prices and made sure the people who had mortgages could pay them, the affordability tests were very stringent. These days the rules are much looser and have been relaxed considerably and people have much much higher borrowing levels which is really going to impact going forward.
When I bought my first house in the 80’s it was a lot easier and more affordable than it is for my kids now. |  | | |
| £32,000 per year on 19:01 - Jan 21 with 984 views | raynor94 |
| £32,000 per year on 18:46 - Jan 21 by majorraglan |
Yes, but the strict lending criteria applied by the banks usually 3.5 c a single income or 2.5 x a joint income effectively pegged housing prices and made sure the people who had mortgages could pay them, the affordability tests were very stringent. These days the rules are much looser and have been relaxed considerably and people have much much higher borrowing levels which is really going to impact going forward.
When I bought my first house in the 80’s it was a lot easier and more affordable than it is for my kids now. |
Well we will have to agree to disagree, because the way interest rates seemed to be going up every month to 18% in the 80s certainly made my pips squeak. | |
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| £32,000 per year on 19:01 - Jan 21 with 981 views | onehunglow |
| £32,000 per year on 18:44 - Jan 21 by waynekerr55 |
I agree but the point is wider that wages and living standards are in free fall, not this urban myth about avocado and flat whites (which I know you weren't saying) |
I wasn’t indeed.
Avocado . Is that now a demonised fruit ?
Grapes are racially labelled come to think of it ,like olives | |
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| £32,000 per year on 19:04 - Jan 21 with 979 views | waynekerr55 |
| £32,000 per year on 19:01 - Jan 21 by onehunglow |
I wasn’t indeed.
Avocado . Is that now a demonised fruit ?
Grapes are racially labelled come to think of it ,like olives |
Life would be boring if we all agreed | |
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| £32,000 per year on 19:51 - Jan 21 with 953 views | BryanSwan |
| £32,000 per year on 19:01 - Jan 21 by raynor94 |
Well we will have to agree to disagree, because the way interest rates seemed to be going up every month to 18% in the 80s certainly made my pips squeak. |
The average house price in the 80s was £22k in 2022 it was £270k.
Using a pretty basic calculator a £22k mortgage over say 30 years at 15% is £270 odd a month.
£270k mortgage over the same term at 3.5% is around £1200 a month.
That quite simply shows how it is now more difficult to afford a mortgage now and that is without taking into acount other household expenses. | |
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| £32,000 per year on 20:13 - Jan 21 with 945 views | raynor94 |
| £32,000 per year on 19:51 - Jan 21 by BryanSwan |
The average house price in the 80s was £22k in 2022 it was £270k.
Using a pretty basic calculator a £22k mortgage over say 30 years at 15% is £270 odd a month.
£270k mortgage over the same term at 3.5% is around £1200 a month.
That quite simply shows how it is now more difficult to afford a mortgage now and that is without taking into acount other household expenses. |
£22000, I wish, my mortgage was about £30000 on an ordinary 3 bed semi in cockett.
And I'm sure the average house price in Swansea is nowhere near £270k at this moment in time | |
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| £32,000 per year on 20:33 - Jan 21 with 929 views | Badgeman |
| £32,000 per year on 17:21 - Jan 21 by raynor94 |
As I said earlier mortgage interest rates were in excess of 18% in the early 80s, there's far more help around these days |
You’re just flat wrong here. Housing is more unaffordable now than it was in the 80s and 90s and thanks to the Truss economic moment, mortgages are more expensive now than they were 6 months ago. |  |
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| £32,000 per year on 20:34 - Jan 21 with 926 views | majorraglan |
| £32,000 per year on 19:51 - Jan 21 by BryanSwan |
The average house price in the 80s was £22k in 2022 it was £270k.
Using a pretty basic calculator a £22k mortgage over say 30 years at 15% is £270 odd a month.
£270k mortgage over the same term at 3.5% is around £1200 a month.
That quite simply shows how it is now more difficult to afford a mortgage now and that is without taking into acount other household expenses. |
Thanks for posting.
Adding to your post, According to the Land Registry the average house price in March 82 was a tad under £21k, Hansard report the average wage in 1982 was £154 per week or £8k per year, which means the average house was 3 times the average salary. In 2022, the average house price was £296k, in September 2022 the average wage was £621 per week or £32,292pa, which means the average house is now 9 times the average salary. | | | |
| £32,000 per year on 20:34 - Jan 21 with 926 views | waynekerr55 |
| £32,000 per year on 20:13 - Jan 21 by raynor94 |
£22000, I wish, my mortgage was about £30000 on an ordinary 3 bed semi in cockett.
And I'm sure the average house price in Swansea is nowhere near £270k at this moment in time |
Cockett - you posh git 😉 | |
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| £32,000 per year on 21:05 - Jan 21 with 914 views | lifelong |
An ex colleague bought a nice semi in Gorseinon in 1972 for £2,600. ðŸ˜
He sold it 7 years later for £14k.
I bought a 3 bed detached the same year for £17k, the max mortgage we could afford with both of us working was £16k. Interest rates rocketed and 75% of my pay was going on the mortgage. |  | | |
| £32,000 per year on 21:12 - Jan 21 with 909 views | onehunglow |
| £32,000 per year on 21:05 - Jan 21 by lifelong |
An ex colleague bought a nice semi in Gorseinon in 1972 for £2,600. ðŸ˜
He sold it 7 years later for £14k.
I bought a 3 bed detached the same year for £17k, the max mortgage we could afford with both of us working was £16k. Interest rates rocketed and 75% of my pay was going on the mortgage. |
You re lucky to even remember all that.
Youve done well and that s down to you | |
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| £32,000 per year on 22:11 - Jan 21 with 887 views | BillyChong |
Ordinary folk pointing the finger at ordinary folk for using food banks. Whilst the Tory millionaires dodge tax and bung billions via dodgy contracts to their pals. Tory Britain what a state. | | | |
| £32,000 per year on 22:33 - Jan 21 with 880 views | Sirjohnalot |
| £32,000 per year on 22:11 - Jan 21 by BillyChong |
Ordinary folk pointing the finger at ordinary folk for using food banks. Whilst the Tory millionaires dodge tax and bung billions via dodgy contracts to their pals. Tory Britain what a state. |
Spot on |  | | |
| £32,000 per year on 23:13 - Jan 21 with 862 views | onehunglow |
| £32,000 per year on 22:11 - Jan 21 by BillyChong |
Ordinary folk pointing the finger at ordinary folk for using food banks. Whilst the Tory millionaires dodge tax and bung billions via dodgy contracts to their pals. Tory Britain what a state. |
Except people being referred to as ordinary when many clearly not.
Many carers getting a pittance are anything but ordinary
I’m afraid this appallingly misused word is a monkey on the back for too many .
“ ordinary” folk keep this country, and indeed all countries ,going whereas most politicians are feral rats in a pig trough . | |
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| £32,000 per year on 23:29 - Jan 21 with 855 views | Sirjohnalot |
| £32,000 per year on 23:13 - Jan 21 by onehunglow |
Except people being referred to as ordinary when many clearly not.
Many carers getting a pittance are anything but ordinary
I’m afraid this appallingly misused word is a monkey on the back for too many .
“ ordinary” folk keep this country, and indeed all countries ,going whereas most politicians are feral rats in a pig trough . |
I know from personal experience carers are ordinary people doing extraordinary things. | | | |
| £32,000 per year on 11:18 - Jan 22 with 779 views | krunchykarrot |
| £32,000 per year on 23:29 - Jan 21 by Sirjohnalot |
I know from personal experience carers are ordinary people doing extraordinary things. |
I disagree, with that sentence. You left out adjective UNDERPAID. |  | | |
| £32,000 per year on 11:32 - Jan 22 with 773 views | Sirjohnalot |
| £32,000 per year on 11:18 - Jan 22 by krunchykarrot |
I disagree, with that sentence. You left out adjective UNDERPAID. |
Complete agree. Only get paid when at the house, not for travelling. Amazing people | | | |
| £32,000 per year on 11:40 - Jan 22 with 765 views | krunchykarrot |
| £32,000 per year on 11:32 - Jan 22 by Sirjohnalot |
Complete agree. Only get paid when at the house, not for travelling. Amazing people |
Ill continue to say that this is where we need to start the pay rise at 20%. I dont see how NHS staff on a salary of say 35k+ should get a 7k pay rise when we have staff on anywhere from 22k for 40hrs. | | | |
| £32,000 per year on 11:40 - Jan 22 with 765 views | CountyJim |
| £32,000 per year on 11:32 - Jan 22 by Sirjohnalot |
Complete agree. Only get paid when at the house, not for travelling. Amazing people |
It's time this country recognised it's carers because we are losing them most are lucky to get minimum wage it's no wonder we can't fill vacancies
And these care homes make massive amounts of money but always pled poverty when it comes to wages scandalous |  | | |
| £32,000 per year on 11:46 - Jan 22 with 761 views | krunchykarrot |
| £32,000 per year on 11:40 - Jan 22 by CountyJim |
It's time this country recognised it's carers because we are losing them most are lucky to get minimum wage it's no wonder we can't fill vacancies
And these care homes make massive amounts of money but always pled poverty when it comes to wages scandalous |
I cant believe that a subject that unites voters from all sides in most cases gets ignored, surely we can sort out this issue in Wales where we are devolved by hook or crook. For example in these private homes Drakeford could ensure all staff must receive a minimum wage and staff by ratio. | | | |
| £32,000 per year on 12:52 - Jan 22 with 735 views | onehunglow |
| £32,000 per year on 23:29 - Jan 21 by Sirjohnalot |
I know from personal experience carers are ordinary people doing extraordinary things. |
Disagree
Ordinary is the last objective to describe them | |
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| £32,000 per year on 13:14 - Jan 22 with 714 views | Sirjohnalot |
| £32,000 per year on 12:52 - Jan 22 by onehunglow |
Disagree
Ordinary is the last objective to describe them |
You may be underestimating the word ‘ordinary’. Normal, everyday people are ‘ordinary’. Nurses, firemen, nhs staff. They don’t come to public knowledge, go about their work, under the radar. Backbone and best of the country | | | |
| £32,000 per year on 13:21 - Jan 22 with 713 views | CountyJim |
Some countries have life time mortgages perhaps that's the way forward for the young generation | | | |
| £32,000 per year on 14:24 - Jan 22 with 698 views | BryanSwan |
| £32,000 per year on 13:21 - Jan 22 by CountyJim |
Some countries have life time mortgages perhaps that's the way forward for the young generation |
We aren't like other countries, could almost guarentee that lifetime mortgages would be used as a tool to raise house prices.
We need to be building houses on all the masses and masses of disused brownfield sites, may not be as desireable as building on our greenfields and countryside (for council back pockets and cowboy builders), but it is the only way. | |
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