Originally posted by scooterscot
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Mortgage holidays extended for up to six months
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I am what I drink, and I'm a bitter man -
Originally posted by Whorty View Post
You think negative rep upsets anyone? It's what children do.
What a silly little boy.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View PostFollow the money - why is that so difficult to understand?
Last try.
1) Mortgage holiday - why? - I've lost my job my income is gone.
2) Furlough! 80% of my income restored! So much win. What will I do with it? <20% is going into the economy.
3) The majority of people on Furlough are using it to pay down debt, including mortgages. Doesn't matter if it is a holiday or not (4).
4) 6 month furlough + 6 months mortgage holiday = 12 months without rent, thank you taxpayer!
It is utterly outrageous those who over extended themselves are rewarded whilst savers, those that were prudent are being run into the ground.
But we've got ample amount of folks here ready to defend the government's actions, so happy days.
1. Because the hope (still) is that this economic shock will be temporary, and you'll get your job back - or a different one - when this is all over. Mortgage holidays don't cost the tax payer anything, and keep people in their homes at the relatively small cost of some deferred interest payments - perhaps another year of paying the mortgage. Most people would much prefer this option to getting kicked out of the family home with a knackered credit rating. From the government/taxpayer perspective, it is far cheaper to keep people in homes that they are paying for than to start paying 80% of a family's rent on universal credit after they have been made homeless.
2. Spend it on the same things you spent your salary on. It keeps you and your family afloat, and also the parts of the economy on which you used to spend your money.
3. I doubt this is true. Source?
4. We've been over this numerous times. Yes, furlough money is coming from the taxpayer, but the alternative (universal credit including susbtantial housing benefit) might well cost more, and do more damage to the economy in the longer term. Mortgage holidays are not coming from the tax payer in any way, even via the convoluted theory that you have posited endlessly on this thread.
Having had a secure job in a sector that has been devastated by Covid does not necessarily equate to one having lived beyond ones means in normal times, although it doesn't preclude that either.Comment
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Originally posted by mattster View PostI'll play:
1. Because the hope (still) is that this economic shock will be temporary, and you'll get your job back - or a different one - when this is all over. Mortgage holidays don't cost the tax payer anything, and keep people in their homes at the relatively small cost of some deferred interest payments - perhaps another year of paying the mortgage. Most people would much prefer this option to getting kicked out of the family home with a knackered credit rating. From the government/taxpayer perspective, it is far cheaper to keep people in homes that they are paying for than to start paying 80% of a family's rent on universal credit after they have been made homeless.
2. Spend it on the same things you spent your salary on. It keeps you and your family afloat, and also the parts of the economy on which you used to spend your money.
3. I doubt this is true. Source?
4. We've been over this numerous times. Yes, furlough money is coming from the taxpayer, but the alternative (universal credit including susbtantial housing benefit) might well cost more, and do more damage to the economy in the longer term. Mortgage holidays are not coming from the tax payer in any way, even via the convoluted theory that you have posited endlessly on this thread.
Having had a secure job in a sector that has been devastated by Covid does not necessarily equate to one having lived beyond ones means in normal times, although it doesn't preclude that either.
Due to Art. 240 §3 EGBGB he should really be posting these concerns on a German forum.Comment
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Originally posted by mattster View PostI'll play:
1. Because the hope (still) is that this economic shock will be temporary, and you'll get your job back - or a different one - when this is all over. Mortgage holidays don't cost the tax payer anything, and keep people in their homes at the relatively small cost of some deferred interest payments - perhaps another year of paying the mortgage. Most people would much prefer this option to getting kicked out of the family home with a knackered credit rating. From the government/taxpayer perspective, it is far cheaper to keep people in homes that they are paying for than to start paying 80% of a family's rent on universal credit after they have been made homeless.
2. Spend it on the same things you spent your salary on. It keeps you and your family afloat, and also the parts of the economy on which you used to spend your money.
3. I doubt this is true. Source?
4. We've been over this numerous times. Yes, furlough money is coming from the taxpayer, but the alternative (universal credit including susbtantial housing benefit) might well cost more, and do more damage to the economy in the longer term. Mortgage holidays are not coming from the tax payer in any way, even via the convoluted theory that you have posited endlessly on this thread.
Having had a secure job in a sector that has been devastated by Covid does not necessarily equate to one having lived beyond ones means in normal times, although it doesn't preclude that either.
I get it. The majority of what your saying comes across on a morality basis. That is seemingly the right think to do. No one wants to see families chucked out of homes, destitution etc.
The end effect is not the intended one, however. The more you borrow from the future the worse the recovery will be. Time & history have told us this over and over again."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Whorty View PostHilarious - Scooty the idiot gives out more negative rep
What a silly little boy.
Nothing in this post warrants it this time. At least you're learning."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostNothing in this post warrants it this time. At least you're learning.
You're a prize dick. Unlike others I don't think you add zero value to CUK .... Everyone on here laughs at you so that for me is a positive.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View PostNothing in this post warrants it this time. At least you're learning.Comment
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Originally posted by Whorty View PostThe difference between you and me is I'm happy to live in a society where we look out for the vulnerable. You however seem to only think about yourself and how this impacts you.Make Mercia Great Again!Comment
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Originally posted by BlueSharp View PostWe absolutely should look out for the vulnerable. Especially the next generation who will have to pay off all this borrowing. Look at all the complaints about those who borrowed the money having to pay it back.I am what I drink, and I'm a bitter manComment
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