Finally, the
conservatives appear to be trying address some issues that are genuinely affecting
UK society. The housing shortage, being
one issue. The new idea and I stress idea is to saddle future generations with
family debt of a mortgage.
It appears that if you have an axe to grind with family members this could be a good way of saddling them with debt. What happened to Rishi Sunaks’ comment regarding the economy and not wanting to push the children into debt ? Rishi: It’s ‘un-conservative’ to load future generations with debt from Covid crisis | Politics | News | Express.co.uk
We can’t burden future generations with debt, warns Rishi Sunak | Evening Standard.
How will this affect families in the long run and how do they tackle the issue of inheritance tax?
Is this on the premise that the conservatives will be in power for generations to come and can reassure society that it, ‘will be a good thing to do?’ For whom?
The issue of ‘right to buy’ has been a disaster. Offloading housing association and council houses to owners that have to folk out for all the repairs that have mounted up due to the lack of maintenance of the property. As a result, some again return to unaffordable debt, thus forced into selling their dream due to not being able to afford the mortgage. And so, the cycle begins again and the only ones to profit are the housing associations and councils who no longer have to worry about the maintenance of their properties.
Social housing is there for a reason, it is there to aid those in society that are unable to buy property and they should not be exploited by others.
If we wanted to respect others and diversity, we should stop selling off social housing and concentrate on repairing, building, and sourcing habitable housing that is already available.
This is such a social class issue within the UK if we are to move forward, we need to break down the myths and barriers surrounding housing and supply housing that is not party to being sold off by associations and governments when times are tough.
As the government wish to relive the past, to tackle the housing crisis it might be an idea to start with the, ‘1919 Addisons’ Housing and Town Planning Act’, Council housing - UK Parliament detailing the reasons why social housing was introduced .
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Hi Hede,
I agree with you about leaving debts for future generations. I have seen too many poor people destroy their lives just to pay off their mortgages. It is ok if you can afford it and feel secure in your career but if are not financially secure, I wouldn't risk it. There are so many things that can go wrong like a sudden rise in the cost of living, an unexpected illness, petrol prices going up or a loss of income and unemployment.
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Hi
I agree with having a longer term against mortgages eg 40 years. If you take out a mortgage say in your 20s then it’s paid off by the time your in your 60s ( retirement ages are increasing so you will still be working). If unfortunately you pass away before it’s paid off your children can sell the property
Judith