Will

[Will @wllchng]

@alonso_hoyt @TomWright165389 @Worldchampsx2 How much more - was half a trillion over 20 years not enough?

I’d guarantee we’d see greater returns as a country if we had just invested it where the money is actually generated instead of keeping the rest of the country on life support.

[Will @wllchng]

@alonso_hoyt @TomWright165389 @Worldchampsx2 Your point was that money needs to be spent outside of London, I’m saying hundreds of billions of London money has been siphoned out in the last 10 years with nothing to show for it.

If London could keep more, it’d generate more for everyone else.

[Will @wllchng]

@alonso_hoyt @TomWright165389 @Worldchampsx2 How’s there too much centralisation when 40 billion + of London’s tax revenue is spent outside of London every year? Could fund 2 Elizabeth lines per year with that money

[Will @wllchng]

@sbwypsr @LovejoyActual @thestope It gets more investment because it makes sense financially, so unsure where you’re suggesting the distortion is taking place.

To forcefully distribute wealth evenly geographically would be distortion.

[Will @wllchng]

@LovejoyActual @thestope Even though it carries the deadweight that is the rest of the UK via surplus tax?

Without London and the south east, the rest of the country would be comparable to a third world wasteland.

[Will @wllchng]

@BigRossStewart @PolitlcsUK When will you grow a pair and fly over there and get involved yourself as you’re so thirsty for blood?

[Will @wllchng]

@kertle_ @Edmundo_Burke @HumanitarianAc2 @CarlGlidden @Echelon_MEW @POTUS @DebtCrisisOrg Why not go me further? Why bother teaching kids (units of labour) multiple subjects, we should just teach them what’s needed for their preset role as a cog in the economy

[Will @wllchng]

@MarkBuckland73 @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson No one in my generation has ever said otherwise. But there’s a difference between a light at the end of a tunnel and a carrot on a stick.

[Will @wllchng]

@MarkBuckland73 @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson If every generation took the view of only taking care of themselves and not thinking about the future, then we wouldn’t be where we are today.

[Will @wllchng]

@MarkBuckland73 @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson I know what that life is like. My parents came to England with no quals. or money at the age of 16. They took 10 years off their lifespan working hard to ensure no future generation of theirs would ever have to suffer like they did, not have the mindset of every man for himself

[Will @wllchng]

@MarkBuckland73 @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson Do you realise that the average house price is 9x the average salary, when you can only take a mortgage of around 5x your salary? Hope you won’t tell your kids to not rely on handouts when they need help getting on the property ladder

[Will @wllchng]

@MarkBuckland73 @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson Too bad you’re wrong then, house price to income ratio in the UK hasn’t been as bad since the Victorian era. So no, not even the aftermath of the deadliest conflict in history was as unaffordable as today.

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd My point was renting CAN be a better option than buying, when the common belief is that buying is always superior, and it’s certainly not as simple as “renting = bad because your money is going straight into someone’s pocket”.

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd No it’s not news to me, I was born and raised in the countryside, but you asked me to give you examples and I gave them. 20% isn’t niche, it’s significant, and your source says 2/3s are flats i.e. city dwellings. So let’s say half of all city apartments are leasehold. That’s big.

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd This is assuming you could even take out a £2m+ mortgage with a. your current earnings and b. the current competitive market with foreign investors sweeping up houses before they’re even finished. Chances are your alternative is rent that or buy a house 50 miles out

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd Freeholds are rare in London, Hong Kong etc. and most are 999 year leaseholds. It’s quite easy to be paying several thousand pounds just in interest payments/ground rent when the property is £2 million +, plus your downpayment is doing nothing when it could be invested elsewhere.

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd Depends on the property, if we’re talking about major city centres, the interest payments on big mortgages plus the ground rent would be more than what it would cost to just rent that same property.

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd Since the guy was saying he couldn’t understand why someone would “give away” money, I was making the point that he should consider the fact he also does the same as an owner albeit to a lesser extent. On top of the other advantages of renting, rent could actually be preferable

[Will @wllchng]

@PersephoneChair @goldanboy43 @Jarster2608 @simonharris_mbd I’m not arguing anything, obviously owning something is better than renting, im just saying it’s not black and white, there are some benefits to not being tied down to a place, especially if you don’t have a family yet.