The Muslim Solution?

[silverbullet]

I remember my Dad telling of his Islamic colleagues at Lucas battery factory in Birmingham. Yes, they would all pack into a normal three-bed house, but they would all bunce into buying that house for cash.

Then onwards to the next house, and the next house, and no mortgages.

It was all done on the honour system of Hawala. The money would be sent from Punjab And Kashmir to England. The sooner the house was paid for, the sooner more relatives could come to seek a better life.

[Rat Catcher]

Indeed, but there are lot's of different schemes or arrangements they use to circumvent whatever their strict religious belief is supposed to be.

I though I explained it already, Indian friend - apologies your post is a page back now and I can be arsed looking for your name. Basically the rent he collects on the gaffs he bought covers the mortgage repayments with a bit to spare. All very well until house prices collapse again and the rents don't cover the mortgage repayments but he's a high earner so better placed than most to run the risk.

Anywaysanall, what I was thinking is why don't Govt encourage ordinary folk on average wages to invest in housing associations instead of giving it all to the vulture funds. The possibilities are endless... you could have schemes where a not for profit association charges Govt the same as the vulture funds but a portion of each rent (the profit portion, if you will) could be converted to shares in the association allowing tenants accumulate what might amount to a deposit over the course of time. Similarly parents could be encouraged to  invest in such associations on behalf of their Children, perhaps accruing what might equate to a significant % share of a dwelling by the time the Children reach the age of majority.

[Octavia1]

Indeed, but there are lot's of different schemes or arrangements they use to circumvent whatever their strict religious belief is supposed to be.

I though I explained it already, Indian friend - apologies your post is a page back now and I can be arsed looking for your name. Basically the rent he collects on the gaffs he bought covers the mortgage repayments with a bit to spare. All very well until house prices collapse again and the rents don't cover the mortgage repayments but he's a high earner so better placed than most to run the risk.

Anywaysanall, what I was thinking is why don't Govt encourage ordinary folk on average wages to invest in housing associations instead of giving it all to the vulture funds. The possibilities are endless... you could have schemes where a not for profit association charges Govt the same as the vulture funds but a portion of each rent (the profit portion, if you will) could be converted to shares in the association allowing tenants accumulate what might amount to a deposit over the course of time. Similarly parents could be encouraged to  invest in such associations on behalf of their Children, perhaps accruing what might equate to a significant % share of a dwelling by the time the Children reach the age of majority.

Because your living in a corrupt state that's why ...politicians get brass plate  mascot positions when they retire with  these foreign vulture funds ......for example a few years I put it up on Roy's the since deceased retired attorney General of Ireland  got an honorary  position on the board ( job title with fuk all to do ) with goldmine  sachs....the most ruthless cnuts on the planet who operated out of the same office as uber on pembrook Street and who bought  multiple apartment blocks off the irish Government tru the bargain basement giveaway that was called nama .....and paid €1000 total tax bill for the privilege
Wer ya not listening or wha fuk sake  ? 

[mercenary for hire]

Who needs a solution.... This housing crisis has been going on for a long long time.A good oul recession will sort it out.... hopefully.



https://youtu.be/ezTsheEEBfg

[Rat Catcher]

You're undoubtedly right, MfH... but the vulture funds will still get the HAP money.

What's that, Octy?

[MK]

Who needs a solution.... This housing crisis has been going on for a long long time.A good oul recession will sort it out.... hopefully.



https://youtu.be/ezTsheEEBfg

Interest is also a determining factor but is rarely mentioned. If you bought a house 300k including interest, you’ll want to sell it for more than that. So the next generation always pay more, other things being equal.


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[Octavia1]

You're undoubtedly right, MfH... but the vulture funds will still get the HAP money.

What's that, Octy?

Yu need to get them ears syringed or sumtin ratti ...your not listenin half the time ...

[Cool Boola]

Nothin stays on topic in this ***** THREAD

[Rat Catcher]

Noone comes on here to listen, Octy.