Council could help locals buy homes in Darwen (From Lancashire Telegraph)

There's no point in owning your own home if you can't afford to fix the roof tiles when they blow off in winter or renew the boiler when that goes. That's why people rent -even those who are working.

Buy your own house and you become a slave to the system. Fact.
People with mortgages don't go on strike they will scab.
The Tory Game.
enough said

We are the only country in the world obsessed with home ownership.

DarwenwithBlackburn wrote:
We are the only country in the world obsessed with home ownership.

Renting is cheaper than buying around here except that after 25 years of keeping up with a repayment mortgage it becomes yours and if it was built out of decent stuff you would still be proud to own it, with only the council tax to pay.
I suppose that if your life expectancy isn't that good when you 1st buy, there is little point. You would be better off renting, not working and claiming as much as you can.

They'd be better sponsoring apprenticeships with local firms to get people into work.

Who says renting is cheaper than owning your own house for a basic 2 bed house these days in the worst area you prob pay between £425 and £ 475 per month my mortgage is less than £200 and i have something to show for it.

over-rovers wrote:
Who says renting is cheaper than owning your own house for a basic 2 bed house these days in the worst area you prob pay between £425 and £ 475 per month my mortgage is less than £200 and i have something to show for it.

You get a mortgage now and it would be far more than. £200 possibly double that figure.
You are then also a slave to your Tory masters a man who wont come out on strike when you are called upon

over-rovers wrote:
Who says renting is cheaper than owning your own house for a basic 2 bed house these days in the worst area you prob pay between £425 and £ 475 per month my mortgage is less than £200 and i have something to show for it.

You get a mortgage now and it would be far more than. £200 possibly double that figure.
You are then also a slave to your Tory masters a man who wont come out on strike when you are called upon

2 for 5p wrote:

over-rovers wrote:
Who says renting is cheaper than owning your own house for a basic 2 bed house these days in the worst area you prob pay between £425 and £ 475 per month my mortgage is less than £200 and i have something to show for it.

You get a mortgage now and it would be far more than. £200 possibly double that figure.
You are then also a slave to your Tory masters a man who wont come out on strike when you are called upon

2 for 5p is an economic genius.

I'm going to sell my house and move into a rental. I'd be an idiot not to.

Cheers tuppence, promise to keep dispensing your wisdom.

While it's good that the council are looking at helping the people this project would fall flat on it's face, there simply isn't enough money to carry this project and if as Cllr. Taylor said if someone defaulted that could leave the council wide open and liable, It would be a better use of what money is available to either encourage apprenticeships or to provide funding for those looking to start their own businesses in the town.

The political class seems to believe that they can best help young folk by removing the stumbling block of raising sufficient money for a deposit to purchase a house. From where I’m looking the whole dynamics have changed. Sure, you can use ratepayers’ money to catapult people onto the housing ladder but thereafter the situation is very different from that which applied to my generation.

In the past many jobs had far greater security than today, offered a clear and recognizable career path and more to the point price inflation was accompanied by wage inflation so that over time the burden of servicing a mortgage fell, subject of course to variations in interest rates. Young adults could stretch themselves with a high degree of confidence that in five years time they would still have a job, quite possibly having been promoted and a wage or salary that would have increased substantially or tracked the rate of increase in prices to a lesser or greater extent. Today very few young adults enjoy the sort of security of tenure and labour bargaining power of past generations and there is now a high likelihood that the burden of servicing the debt will remain elevated for a much longer period than hitherto. If this is so, then we’re into a wholly different game.

If reports in the press are to be believed there are a fair few mortgaged-home-occup
iers just managing to stay afloat through a combination of low interest rates and lenders exercising forbearance. With prices of items essential for everyday living rising rapidly and wages either stagnating or rising by just a little the position of these households must be becoming more perilous by the month, and others must be close to falling into this catagory.

It’s rather ironic that the mainstream political parties having promoted the neo-liberal agenda have unwittingly torn asunder a great many of the old certainties that enabled the system to work, and now they are scrabbling around in a dazed and confused state clutching at straws trying desperately to reignite the boom that led us to catastrophe.

If you were brought up just after the last war you were told that to grow up and get yourself a career was the right thing to do. Find the person that you love and who loves you. Get a mortgage then get married and have children when your settled. Your security for later life will be in your home and when it’s time to retire you can trade it in for a smaller one after your young ones have fled. That‘s how it went!

But, those of you who did just that will now realise that you may have done the wrong thing after all. Better perhaps to have done what John had done. You do remember John? Left school and did nothing much but was always out on the town getting drunk and was always in trouble with the police. You do remember him don’t you?

Then the New Labour lot got into power under a promise and after making a war and it’s leaders very wealthy they spent our money unwisely and promised with more bribes to keep us happy so we’ll vote for them again. So now the people who lived a respectful life, got themselves a job with a trade after leaving school, a house of their own and to have led a respectful life are now feeling a little bit pinched.

They now find themselves in a house that they have worked hard for that still needs money spending on it that nobody can now afford to buy from them. They’re told that they should be ashamed of themselves for being a pensioner with some savings that they’ve worked dam hard for. They should give to those same people that they used to know who did nothing but get drunk and spend all they could get their hands on for themselves. They’re now also in their later years but are now being looked after by you and me.

“Council could help locals buy homes in Darwen”

Thanks ‘New Labour’ for making life the way it now is!

Usual Crack-pot idea from the Lib Dems, perhaps a little Davies is getting ready to fly the nest.

over-rovers wrote:
Who says renting is cheaper than owning your own house for a basic 2 bed house these days in the worst area you prob pay between £425 and £ 475 per month my mortgage is less than £200 and i have something to show for it.

Insurance? Maintenance? It's not just a simple rent vs mortgage payments.

Anything that dilutes my grip on the Darwen rental housing market is bad news for the people of Darwen!