Notices
Non Scooby Related Anything Non-Scooby related

On benefits and proud

Thread Tools
 
Search this Thread
 
Old 25 October 2013, 09:16 PM
  #181  
jonc
Scooby Regular
 
jonc's Avatar
 
Join Date: Apr 2002
Posts: 7,635
Likes: 0
Received 18 Likes on 13 Posts
Default

Originally Posted by tony de wonderful
Huge amounts of the welfare budget just goes to the banks via the BTL landlords who they finance. What the BTL landlords don't pay to the banks in interest they pocket. Lending more money inflates the market, and the more the DWP must shell out to cover the costs of (inflating)rent in turn fueling demand for this 'investment' class in a vicious circle. On top of that the taxpayer now covers what you might call macro risk, Market crisis. It's one big wealth extraction from the taxpayer, and an attempt to corner an asset class which we all need to live. Quite literally our property has been so inflated that we can't afford to live in it anymore; housing benefit is a testament to that, plus help to buy. Of course blame people at the bottom.
Stop reading the daily fail. 10% of the welfare budget goes on housing, of that a smaller percentage goes to BTL landlords.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
KAS35RSTI
Subaru
27
04 November 2021 07:12 PM
Uncle Creepy
Other Marques
43
27 December 2015 04:02 PM
Brett-wv14
Subaru
17
06 October 2015 09:03 PM
GB270_CALUM
General Technical
4
01 October 2015 09:50 PM
GB270_CALUM
General Technical
0
22 September 2015 08:35 PM



Quick Reply: On benefits and proud



All times are GMT +1. The time now is 01:01 AM.