Warning: prolonged exposure may cause irritation

[boyofbadgers]

Owner of five properties claims she is impoverished.

Words fail me.

Comments

[badasstronaut.livejournal.com]

Hmm... I wonder if I could set myself up as a consultant adviser to people like that. I could find them a £30 haircut and we could split the difference of the £160 saved.

[boyofbadgers.livejournal.com]

Excellent plan. Any chance of a finders fee?

[mzdt.livejournal.com]

when I see her next in the coridoor, I'll slap her.

I grew up in an environment with little money, and know the value of it, and live within my means - yes, I'm lucky, because I can. But this whole 'you can have it now' philosophy is terrible - you see it everywhere.

And as for the f*cking flat in f*cking Paris...

[boyofbadgers.livejournal.com]

I think you might have to queue up for the slappage.

[mzdt.livejournal.com]

but don't I work in the same building as her, or has she left now?

I always want to ask Nicholas Witchell about sitting on lesbians when I see him in the lift, but don't.

[tansu.livejournal.com]

I only saw mention of one sensible adult in that whole piece.

And it was CAPRICE BLEEDING BOURRET.

[boyofbadgers.livejournal.com]

Rentier class worry about having to eat cake. Fuckers, every last one of them.

[katstevens.livejournal.com]

£190 haircut?

*jaw falls open*

This is worse than just_mon's bag. At least a bag is useful.

[boyofbadgers.livejournal.com]

Oh, a haircut is quite useful too. But to spend £190 on it when you have 'no money' is nothing short of obscene.

I am now more than ever hoping for a property market crash so buy-to-let idiots like Ms Millard can find out what it's like to REALLY have no money.

[juliet]

[coughs] Can it not be too bad a one, then?

(Actually, dogrando & I did consider the possibility of a crash before buying, & concluded that as long as you're happy to stay put for 5-10 years, & you're sufficiently within your limits that one of you losing your job wouldn't be eviction-level calamitous, then it wouldn't actually be a problem. Both of these things are true of us, although trying to survive just on my salary would be - interesting.)

[boyofbadgers.livejournal.com]

Actually, on reflection, it wouldn't take much of dip to fuck up this particular class of parasitic morons. So many people have done the BTL thing assuming that there will always be tenants willing to pay their overinflated mortgages for them. A small hike in interest rates would render their properties unprofitable, and if they've taken out interest only mortgages, effectively unsellable as well. Marvellous.

[boyofbadgers.livejournal.com]

So yeah, fingers crossed for small dip in property market rather than major crash!

[johnnysilver.livejournal.com]

I found that so irritating I think I'm about to explode. Maybe you could make the warning clearer? I really wasn't prepared for such profound irritation.

[boyofbadgers.livejournal.com]

I have been seething for an entire hour. My buzz is maximally harshed.

[beckyc.livejournal.com]

Yeah, I was rather annoyed when I read that. As a person who can't even hope to get one property* where I live, or almost anywhere else in the country, it's quite annoying. But then again, I get annoyed at "impoverished" friends who still eat out several times a week and spend hundreds on clothes per month.

*Actually, I think almost everyone I know earns too much for any of the part ownership schemes, housing association schemes, council houses etc, but not enough to get a mortgage on a house.

[j4.livejournal.com]

part ownership schemes

OOI, what's the difference between a part ownership scheme and just getting a joint mortgage with somebody?

or almost anywhere else in the country

Well, almost anywhere else in the South...

One of my schoolfriends told me she'd bought a "fairly expensive" house (in Nottinghamshire/Derbyshire area) on her newly-qualified-teacher's salary ... it cost 45K. In Cambridge you couldn't get a parking-space for that. :-/

[juliet]

Because you only buy part of the house, & continue to rent the rest from whoever owns it (housing association or similar, usually). I assume that if between 2 of you you met the conditions, you'd be able to buy the part between you with a standard joint mortgage - but you'd still only own 50% of the house (or whatever % you arranged). I believe such arrangements usually also involve you being able to buy a bit more at a later date if you can afford a bigger mortgage a few years down the line.

45K? Blimey.

[j4.livejournal.com]

Because you only buy part of the house, & continue to rent the rest from whoever owns it

Ah, I see. Thanks!

I assume that if between 2 of you you met the conditions, you'd be able to buy the part between you with a standard joint mortgage

Exactly, & that's what sion_a and I did; even if we'd been relying on just our salaries (i.e. if we hadn't had the huge amount of CASH that sion_a had from the sale of the house he'd owned outright) we would have been able to get a mortgage on a house in Cambridge, though it would have been a much smaller one obviously!

[beckyc.livejournal.com]

OOI, what's the difference between a part ownership scheme and just getting a joint mortgage with somebody?

What julietk said. It makes it easier if you'd like to buy, but not live with anyone.

[boyofbadgers.livejournal.com]

But it also means that you are still paying rent to the people owning the other share of your property.

[juliet]

Yes - it's not necessarily going to actually *cost* you less per month (may even cost more, I guess - we certainly cut our monthly housing-cost by buying compared to renting). But it's well-known that you can't necessarily get a mortgage for an amount that would leaving you paying, monthly, the same amount as you pay in rent. So if you've not got much savings, or have a low income, you may be able to get 50% of the mortgage value as 3.5 x salary, but not 100% of it.

[boyofbadgers.livejournal.com]

Oh yeah, I'm aware of that. But the scheme removes two of the major benefits of owning ie paying no rent and not having a landlord, for very limited gains. The whole thing smells like a bad deal to me. It's useless for getting on the property ladder yet almost certainly leads to even greater price inflation.

[juliet]

It's useless for getting on the property ladder

It depends. Assuming the market for such property holds up (i.e. there isn't a general decision that it is a Bad Deal), then 5 years down the line you will be better off than you previously were. You may even be better off enough (especially if your salary has also gone up) to move up to a whole house, using the cash from selling the half-house you currently have. Or, on similar lines, you could remortage but for the whole value of the house, using the equity you now have in half of it.

[juliet]

For *fuck's* sake.

I was irritated from about the first paragraph; when I got to the bit about "why buy flats as an investment only to sell them 5 years later?" I think I started foaming at the mouth. TO GET OUT OF THE MOUNTAIN OF DEBT YOU CLAIM TO BE IN, YOU STUPID WOMAN. I won't even *comment* about the flat in bloody Paris.

Also: why the *fuck* keep having sodding kids if you're already broke?

grrrRRRR. Bloody hell, *I'm* in debt & I still manage to save (albeit partly to pay off the debt, but still). Although I fully approve of taking advantage of the 6-month free interest credit card things - I have about £2000 on one of those, around half of which is actually sat in my bank account[0] earning *me* money. Which I like. As long as you remember to switch them over in time, of course.

GrrrRRRRR.

[0] Money got transferred by accident, long story - I'm hanging onto it because hey, doesn't cost me anything & earns me lovely interest

[j4.livejournal.com]

Also: why the *fuck* keep having sodding kids if you're already broke?

She probably can't afford the gold-plated version of the coil, and wouldn't know how to find or use other forms of contraception.

Can I join the queue to slap the bitch?

[venta.livejournal.com]

"An Impoverished Professional, I call myself."

Impoverished professional? Why bother inventing new terms when we already have pre-existing ones ?

Like, say, "twat".

[alexmacpherson.livejournal.com]

At first I wanted to reach into the computer screen and slap her. Then I realised: hang on, she'll get her comeuppance pretty fucking soon anyway, and THEN where will she get her Chablis and theatre tickets from eh?

[atommickbrane.livejournal.com]

Oh for a time machine, the location of her birth and a small pug dog, eh old chap?

[boyofbadgers.livejournal.com]

No. Death by pug is TOO GOOD for her.

[j4.livejournal.com]

AND, furthermore, she mentions having to spend heaps of moolah to "look the part", AND YET (assuming that is her in the photo) she is an ugly bint who appears to be wearing a mangy cardie she could've bought from Littlewoods for under a tenner, over a two-for-a-fiver stretch top from New Look.

[boyofbadgers.livejournal.com]

I didn't notice the clothes at first, distracted as I was by the INCREDIBLY SMUG face, but yes, you are absolutely right. Furthermore, if that haircut really cost £190 she was diddled.

[juliet]

To be fair, the £190 haircut belonged to one of her friends, not her. The designer suits, expensive makeup, "vaguely decent" haircut, etc etc, though all belong to her.

[boyofbadgers.livejournal.com]

Oops. Rage clouding reading comprehension there.

[catsgomiaow.livejournal.com]

The face is EMINENTLY SLAPPABLE.

ARARRGHHH!H!!!!

[mr-tom.livejournal.com]

Aww, maan. What a whiny Polly Filler. I can't believe that:

* The Times probably paid her a wodge of cash for her self-pitying whining.
* She'd rather spend money on houses than her kids' education.
* She's her own buy-to-let avarice put her in a highly-geared state that would easily be rectified if she just sold up.

Here's hoping for a debt-induced suicide, eh?

[catsgomiaow.livejournal.com]

That has made me so. SO. ANGRY. What a FUCKING IDIOT.

AARrrrrghhhhhh I need a cup of gintea!

[feanelwa.livejournal.com]

Why did mortgage providers 3, 4 and 5 lend her any money? For all the people I know who've been credit blacklisted because of such ridiculous things as their relatives or people who used to live in the flat they moved into, the scheme of credit records patently DOESN'T WORK, because these fools have still borrowed all this money.

[metatherian.livejournal.com]

We start as we mean to go on. High tea with the kids. A night in with Doctor Who instead of a night out at the theatre. Bracing walks on Hampstead Heath.
!
ggggggghhhhhhhhhhhhhhhhhhhhhhhhaaaaaaaaa

[metatherian.livejournal.com]

oops missed the following bit that makes that so infuriating:
It’s fun, in a Shaker-style, Amish work-ethic sort of way.

[tansu.livejournal.com]

I sprained my eyes by rolling them at that.

[mstevens.livejournal.com]

She made Private Eye:

--cut here--
CANCEL THE DEBT

Make Poverty History!

Many people in the first world are being crippled by the huge amount of interest that they have to pay on money that they have borrowed. Take the sad case of Rosie, an ex-BBC broadcaster in England, who is struggling desperately to pay off the vast debts - which through no fault of anyone else - she has run up on various credit cards. Her life has been ruined by the unscrupulous western money lenders who are now trying to make her pay them back. Please join us in signing a petition to let poor Rosie off her debts and allow her to keep her large London house, her two buy-to-let flats, her "super-chic' Paris apartment, and her range of badly fitting off-the-shoulder dresses. Thank you.

............................
I think Rosie Milard should have her debt cancelled. I am over 18 and completely mad.

Signed...................................
--cut here--

[tansu.livejournal.com]

http://www.red-door.co.uk/millard/addguest.html

Ha ha, ha ha ha.

[boyofbadgers.livejournal.com]

Heheheheh.