Will

@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.

@wllchng @LovejoyActual @thestope Because you get more investment than the rest of the country. The economic distortion caused by london and the se is unhealthy. It’s not a good thing or something to boast about.

still think £50k is an obscenely large salary, i’d be living like royalty even in this economy

@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.

@thestope nobody should live in london though, i am in favour of sawing it off from the island and pushing it out to sea because literally fuck london

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

@PolitlcsUK At what point will Starmer grow a pair and join in with the yanks offensively??

🚨 BREAKING: Two drones heading for RAF Akrotiri have been intercepted

@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

@Edmundo_Burke @HumanitarianAc2 @CarlGlidden @Echelon_MEW @POTUS @DebtCrisisOrg Who is going to produce the books, music, and movies you watch? Do you want to sit around bored all day since no one should be working in arts and humanities?

Dear @POTUS. I’m a social worker. I left graduate school 20 yrs ago with over $52,000 in student loans. I’ve made every payment since and still owe $42,000. It’s almost all gone to interest…I’ve paid $48,000 but still owe $42,000😩☠️ 😭🤦🏻‍♀️ #CancelStudentDebt @DebtCrisisOrg

@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.

@wllchng @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson So you also know if you want something. You go out and earn it!

😬 Right now, older Gen Zers are facing their first economic crisis as adults — which is causing financial anxiety. @caity_henderson spoke with career coaches about how these new adults can grow their careers, even in an economic crisis. 👇 businessinsider.com/gen-z-economy-…

@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.

@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

@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

@wllchng @FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson So what are you going to do then? Sit about and whine or do something about your earnings and ensure you’re not living on handouts?

@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.

@FakeLooks @godessnerd @MrCellophane121 @CareersInsider @caity_henderson I’m not based in the US but I’m pretty sure in the UK in the 50’s when there was rationing and a shortage of everything just after a world war was far worse than anything now or ever.

@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_pubgm @goldanboy43 @Jarster2608 @simonharris_mbd OK, niche was the wrong word, but you're focusing so much on this section of the market and ignoring the other 80%, for which your fundamental point (that renting is as cheap or cheaper than buying and "giving away money" is equitable whether renting/buying) doesn't stack up.

@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_pubgm @goldanboy43 @Jarster2608 @simonharris_mbd This may be news to you, but the UK is bigger than just London and there are other properties available that aren't £2m+. According to .gov data, less than 20% of UK homes are leasehold. So again, picking and choosing niche examples to prove your point. gov.uk/government/sta…).

@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

@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.

@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_pubgm @goldanboy43 @Jarster2608 @simonharris_mbd They’re not really equitable though are they: giving away 100% of a payment (i.e rent) compared to a relatively small percentage of mortgage interest.

@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_pubgm @goldanboy43 @Jarster2608 @simonharris_mbd There's certainly advantages to renting, but they're not generally rooted in long-term financial gain. I don't disagree with your last point there, but it seems odd that you went straight to the argument that buying a house also involves paying money to somebody.

@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.

@will_pubgm @goldanboy43 @Jarster2608 @simonharris_mbd This is such a straw man argument. Ground rent doesn't apply to most freeholds and interest is eventually paid off, whereas rent never is. As to maintenance, being responsible for repairing stuff you own is just a part of life.

Pudgy Penguins, a once hugely successful NFT project that got blown off course by drama that included the ousting of its founders, is attempting a comeback in a crowded market. Will it work? trib.al/rviC0sL

@financepapi__ Shit wages that don’t rise with cost of living, being expected to work until 75 probably, declining public services inherited from the previous generations’ inaction. And 0 faith in all of government to do anything about these problems

As a Brit, what is your main concern in life right now? My guess is for most people it’s the cost of living

Six-language coverage from #Kyiv with @AP_GMS. In this order: English, Luxembourgish, Spanish, Portuguese, French, and German.