L
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But did You buy your Council House
. I`m proud to say my dad walked out of ours with the last weeks rent paid - in 1969. And bought without any Thatcherite help in the free market . Bit of a canny move because what was a run down area eventually became quite nobby . She nearly did for me and the Mrs. with her 15% interest rates when we had 2 nippers to bring up - but she`ll die before I do and I`ll go to London and **** on her grave
L
LooPrEvil
Yes, that is one of the legacies that Maggie has left us with. She sold all the assets that the country had, and now in these difficult times we have no assets left to sell.
Lou
Lou
U
ursamajor
So in reality its a good job there's nothing left,we would sell it now and in the next crisis we wouldn't have anything to flog ,and people would be bemoaning these bandits for flogging the assets.
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No Nige, I didn't buy a council house. I got married in '68 and bought a 2B/R dilapidated terraced house a stone's throw from Anfield, bottom of Everton Valley.
Got CPO'd in 1980, lived in rented property ‘til 1989 and bought a three bedroom town house on the outskirts of Liverpool. Interest rates were about 16% and expected to rise, so I took out an Endowment Mortgage with Halifax at their insistence.
Although we found it difficult to pay, something turned up out of the blue; Halifax demutualized. I, like other Halifax mortgagees (shareholders) was given few hundred shares in compensation, so I hung onto them for awhile and converted them into cash, got a couple of thousand back. About the same time, the FSA told Halifax to pay Endowment policy holders the difference between an End. Mort. and a Repayment mortgage because they had been mislead, so I got approx £1700 from that and paid both off the house.
I’m still in the house and I’m still married to the same girl of 1968.
So in a roundabout way, Yes, I benefitted from Thatcher’s monetarist policies, but her role was minimal when compared to the overall cost of the house.
Got CPO'd in 1980, lived in rented property ‘til 1989 and bought a three bedroom town house on the outskirts of Liverpool. Interest rates were about 16% and expected to rise, so I took out an Endowment Mortgage with Halifax at their insistence.
Although we found it difficult to pay, something turned up out of the blue; Halifax demutualized. I, like other Halifax mortgagees (shareholders) was given few hundred shares in compensation, so I hung onto them for awhile and converted them into cash, got a couple of thousand back. About the same time, the FSA told Halifax to pay Endowment policy holders the difference between an End. Mort. and a Repayment mortgage because they had been mislead, so I got approx £1700 from that and paid both off the house.
I’m still in the house and I’m still married to the same girl of 1968.
So in a roundabout way, Yes, I benefitted from Thatcher’s monetarist policies, but her role was minimal when compared to the overall cost of the house.
L
LooPrEvil
But like us, the Gov should be looking for good investment opportunities to rebuild its stock of assets. It will be interesting to see what they do with all the banks that were taken into public ownership.
Lou.
Give them back to their puppet masters minus the debts?...
Fair play
I was with the Halifax for a time but missed out on that bonanza . What I do remember about the robbing B`stards was that there was a group of mentally challenged residents in a home somewhere that had saved their pocket money - But the care staff had to pay it in /run their books @ the Halifax for them . The theiving ****s would NOT class the residents as Shareholders or whatever because they personally had not run the accounts - a 3rd. party , the carers had I cleared my money out and have boycotted them ever since . As to the gas /electric and whatever ( telecon ) shares that were flying about - I never bought one - That was my Socialist principles and I stood by them . Then Blair came along - and ****ed me off more than Thatcher ever could have New Labour , new socialism - my arse
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