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Housing Minister Urges Repossessions

#1
Clearly been taking advice from the Emperor Mong:

"Housing Minister John Healey just shocked millions of Radio 5 listeners when he said on the Victoria Derbyshire show that “It can be the best thing for some people to be repossessed.” A real Lamont moment.

If you fancy telling Healey how you feel about this, why not head over the the Number 10 live chat with the man himself starting about now….

UPDATE 12.12: According the the Number 10 Webchat “John is on his way, but has been slightly delayed.” He is presumably recovering from a Nokia blow to the head"


http://order-order.com/2010/02/11/housing-minister-urges-repossessions/

Muwahahahahahahahaharrrrgghhhh......
 
#3
Maybe we need to hear the context in which he made the remarks?
He could have a point.People get re-housed(albeit in a B+B somewhere,not ideal,but still a roof),the mortgage people get the house to sell on,and the ex-owners get rid of the mill-stone and get on with their lives?
 
#4
Due to the Labour party's current financial embarrassment, I understand that they'll be reusing posters from previous election campaigns.

Perhaps not this one though:-

 

Biped

LE
Book Reviewer
#5
If we don't pay the banks the mortgage money, they own our houses, but we own the banks, so in effect, we actually own our houses AND the banks.

Why not simply re-reposses them?
 
#7
Banks aren't interested unless you are Polish or some other foreign national. If you are repossessed and have a low credit rating they don't want to know even though as a taxpayer you have bailed them out. They don't even take the money out of your account to pay the arrears if one payment is missed they go straight to repossesssion. I suppose they have to fund Formula 1 maybe I should live in a car as trying to get somewhere to live is a nightmare they want 3 months rent up front and a guarantor
 

Biped

LE
Book Reviewer
#8
fairy_nuff said:
Banks aren't interested unless you are Polish or some other foreign national. If you are repossessed and have a low credit rating they don't want to know even though as a taxpayer you have bailed them out. They don't even take the money out of your account to pay the arrears if one payment is missed they go straight to repossesssion. I suppose they have to fund Formula 1 maybe I should live in a car as trying to get somewhere to live is a nightmare they want 3 months rent up front and a guarantor
The reason they go straight to repossession is because they can flog the house dirt cheap, claim an outright loss and the tax-payer, through government backed guarantees will then pay the banks. Basically, the government has said to the banks, don't worry, we'll cover all the individual losses you make, and won't touch the record profits apart from the stuff you want to pay us back.
 
#9
"Those who the Gods wish to destory... they first make mad...!" :)

Sure sounds like some of McBalloon's Cabinet colleagues are missing on more than a few marbles.... :p

Certifiable at the very least......
 

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