Maggie was right

[AlfredJPruffock]

In 1976 Mrs Thatcher said " Socialist governments traditionally make a financial mess. They always run out of other people's money. It's quite a characteristic of them."

Yet Labours finanical difficulties are directly due to the massive amounts of state money given to the poor wee bankers - thats hardly socialism - its a smash'n'grab !

[AtW]

Same as a mortgage then.

No, it's not the same.

Mortgage is DEBT - you have to repay it, you have to pay interest on it and you will be in deep tulipe if you fail to repay big debt.

Equity investment is not the same - there is no debt, on the opposite company has the money that can sit in bank account and get some interest (tulipe at the moment).

Since you don't understand the basics it's pointless to respond further about investment decisions that made by people who know a lot more than you.

[Mich the Tester]

I'd agree with that.

What I find hard to agree is idea that giving council flats in tower blocks in "ownership" would radically change situation.

For many, many people it did radically change the situation. Those who maintained and invested in their homes did well and were then able to sell up and buy a house in a nicer neighbourhood. Those who didn't look after their homes didn't do so well. It wasn't about helping 'society' but about freeing individuals to take responsibility for their own lives and have a chance to better themselves. In that sense, it was a huge success.

[AtW]

For many, many people it did radically change the situation.

Why in Europe people rent a lot more? They've got pretty decent laws there that protect tenant, maybe they are all less responsible?

Thatcher bribed people who'd never vote for her and shifted those houses off the balance, brilliant move politically for sure.

[Mich the Tester]

Why in Europe people rent a lot more? They've got pretty decent laws there that protect tenant, maybe they are all less responsible?

Thatcher bribed people who'd never vote for her and shifted those houses off the balance, brilliant move politically for sure.

In some parts of Europe, but in some parts people buy just as much as in the UK, such as in Holland.

[DodgyAgent]

No, it's not the same.

Mortgage is DEBT - you have to repay it, you have to pay interest on it and you will be in deep tulipe if you fail to repay big debt.

Equity investment is not the same - there is no debt, on the opposite company has the money that can sit in bank account and get some interest (tulipe at the moment).

Since you don't understand the basics it's pointless to respond further about investment decisions that made by people who know a lot more than you.

You can play with words as much as you like but you are effectively borrowing money and repaying it on the spurious notion that the greedy fool (investor) will make a fat return. A mortgage on the other hand (provided the house is priced right and there is sufficient equity to cover in case payments fail) is a much more sensible way for people to invest.

Like the dot com boom when "equity investment" was rife, This in turn brought the economy down. What you are doing is no different-in fact it is worse because the dot com companies had no value or no revenue- Your investor is clearly young enough not to remember the dot com crash.

[Mich the Tester]

Thatcher bribed people who'd never vote for her and shifted those houses off the balance, brilliant move politically for sure.

Nobody was forced to buy their council house. They were given a choice. Is 'choice' a bad thing?

[Moscow Mule]

If you want to see an example of responsibility go and look at a rented property and then go and look at a property that is "owned". I think you will find that people who rent do not bother with the upkeep of the house whereas those who own it do.

Cobblers. We rent our house, it's bloomin lovely and we keep it nice.

That said, it's not our responsibility to do maintenance work, it's the landlords. We notify him when things need doing (like the windows and outside paintwork last year) and sure enough he gets it done.

Or are you not talking about me? Did you mean the underclass?

[DodgyAgent]

Cobblers. We rent our house, it's bloomin lovely and we keep it nice.

That said, it's not our responsibility to do maintenance work, it's the landlords. We notify him when things need doing (like the windows and outside paintwork last year) and sure enough he gets it done.

Or are you not talking about me? Did you mean the underclass?

Give me strength!

I said people are much more likely to look after their home carefully if they rent it.

People are much more likely to look after their car if they own it than if they rent it.

[AtW]

Nobody was forced to buy their council house. They were given a choice. Is 'choice' a bad thing?

Yes often choice is a very bad thing, especially when party that was offered a choice can't or won't see strategic implications of making new suddenly available choice.