The Politics Thread 3.0

[Squinty]

twitter.com/christopherhope/status/904770957847474177

Corbyn is a monster.

I know! Behead him or send him to the tower.

[Lex-Man]

People have been attacking leave voters for the best part of the last year on social media/BBC HYS etc. I don't think opinion has really changed at all aside from a hardening of opinion on both sides.

There have always been a lot of Remainers on the boards but they've been getting more popular and the leavers less over time. The last time I checked it was mainly remainers at the top.

[BID0]

For some reason this article from a few weeks ago just popped up in my feed. Getting closer to the next crash?

Provident Financial sees nearly £1.7bn wiped off stock market value

Shares in doorstep lender dive after profit warning, exit of chief executive and cancelled dividend

Provident Financial has lost two-thirds of its stock market value in a day, after the doorstep lender was hit by a “quadruple whammy” of body blows.

The company, which specialises in lending to people in financial difficulty, issued its second profit warning in two months, parted company with its chief executive and cancelled a dividend for shareholders.

https://www.theguardian.com/business/20 ... eter-crook

They lend high interest loans out to people. Something like this could be the catalyst for another worldwide financial collapse apparently the average UK household debt now surpasses the figure it was in 2008 (probably thanks to what feels like so many people having unaffordable cars on loan). I believe US household debt is at an all time high too

[KK]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

[BID0]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I think it's going to cause big problems when the crunch does hit. And not just for consumers either, but for the car manufacturers too. I think this big finance rental push was because so many new cars were left sitting around after the last crash. It's a good idea on paper but the problem will compounded further next time when not only are brand new out of the factory cars are sitting around but also an unimaginable amount of cars that have been repo'ed

Apple do this with their phones now too right? You pay an absurd amount of money per month and are able to trade it the device (for nothing to show for the years payments) in for the latest model when it comes out.

I'm sure a lot of manufacturers probably do the same things these days. As technology has slowed the drive for offering a service is the best way to make money, I know it's what I push for in my line of work as you can generate a regular stream of income and you can almost lock your customers in to your product as they get "free" upgrades and repairs in return.

[Return_of_the_STAR]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I think it's going to cause big problems when the crunch does hit. And not just for consumers either, but for the car manufacturers too. I think this big finance rental push was because so many new cars were left sitting around after the last crash. It's a good idea on paper but the problem will compounded further next time when not only are brand new out of the factory cars are sitting around but also an unimaginable amount of cars that have been repo'ed

Apple do this with their phones now too right? You pay an absurd amount of money per month and are able to trade it the device (for nothing to show for the years payments) in for the latest model when it comes out.

I'm sure a lot of manufacturers probably do the same things these days. As technology has slowed the drive for offering a service is the best way to make money, I know it's what I push for in my line of work as you can generate a regular stream of income and you can almost lock your customers in to your product as they get "free" upgrades and repairs in return.

I agree that's it's frightening. I've managed to always avoid buying a new car and get hooked up in all that side of it however i can't help but get jealous of friends and colleagues driving around in flash cars. I think i'm free of phone envy. I'm on a sim only contract with a three year old sony xperia z3. It does everything i need it to do and runs all the apps i use. However the catch with phones is that they eventually force you to upgrade as they catch you out by not allowing you to upgrade to the latest software on older models and then you can't run certain apps etc..

[Lex-Man]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I think it's going to cause big problems when the crunch does hit. And not just for consumers either, but for the car manufacturers too. I think this big finance rental push was because so many new cars were left sitting around after the last crash. It's a good idea on paper but the problem will compounded further next time when not only are brand new out of the factory cars are sitting around but also an unimaginable amount of cars that have been repo'ed

Apple do this with their phones now too right? You pay an absurd amount of money per month and are able to trade it the device (for nothing to show for the years payments) in for the latest model when it comes out.

I'm sure a lot of manufacturers probably do the same things these days. As technology has slowed the drive for offering a service is the best way to make money, I know it's what I push for in my line of work as you can generate a regular stream of income and you can almost lock your customers in to your product as they get "free" upgrades and repairs in return.

I think you'll find if you do a trade in, you'll just be added the new loan to the end of new one. So say you have a phone worth £600 and pay off 300 in the first year but trade in your phone for the new model you are left with a £900 loan in total with the same monthly repayments.

EDIT: I'm actually been quite tempted to get something of finance. Like a Vive but I know it's a stupid idea.

[Squinty]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I do not get the whole mentality of this arrangement. I guess it's just keeping up with neighbours. I know a guy who is paying over 300 quid a month for an Audi. Seems insane to me.

[Lagamorph]

I wish my Audi was only £300/month.

[Return_of_the_STAR]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I do not get the whole mentality of this arrangement. I guess it's just keeping up with neighbours. I know a guy who is paying over 300 quid a month for an Audi. Seems insane to me.

I do understand the mentality but it's not for me. If you have a spare £300-£500 a month and can get a brand new audi, BMW etc for it then it must be appealing. Yes you won't own the car as most people return them when the 2-3 year period is up but then they just get a different one. It's no different to renting a house or flat. Many people are happy with this arrangement. Obviously a lot are but have no choice but that's a different subject.

What would annoy me about the arrangement is being restricted to a certain number of miles a year and being forced to use the dealer for multiple services a year as part of the contract.

[Lex-Man]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I do not get the whole mentality of this arrangement. I guess it's just keeping up with neighbours. I know a guy who is paying over 300 quid a month for an Audi. Seems insane to me.

I don't really get why you think it's insane. If you have that much money spare a month and you do a lot of driving you might as well buy a really nice car. Also the interest is probably pretty low.

[Squinty]

Something does actually need to be done about irresponsible car financing. You see people with increasingly flash motors and think 'blimey, they must be doing well...' and the reality is, they're not. £299 a month for a £40,000+ car is absurd. Miss a payment and you're going to end up with a repo'ed vehichle and nothing to show for it.

You're effectively renting and paying a massive premium to do so. Then there is the trade in after so many years model, in which you can only drive it so many miles and not get a scratch on it (not like that will stop the dealership finding something wrong...).

Most cars depreciate in value to such an extent, you're better just buying it second hand outright. 'But it's the 2012 model and I wanted the 2017...'

I do not get the whole mentality of this arrangement. I guess it's just keeping up with neighbours. I know a guy who is paying over 300 quid a month for an Audi. Seems insane to me.

I don't really get why you think it's insane. If you have that much money spare a month and you do a lot of driving you might as well buy a really nice car. Also the interest is probably pretty low.

Oh, I meant people who are just barely scrapping by having these sorts of arrangements. I know a few people who complain about their finances and yet they have these amazing, expensive cars that they are paying for every month. I do not get it in that instance.

Should have made that clearer in my post. Apologies.

[Meep]

I'm surprised May broke with Conservative policy to condone an unemployed couple having a third child.

[Rex Kramer]

Plus, I wonder what their bill is under the bedroom tax?

[Preezy]

Oh, I meant people who are just barely scrapping by having these sorts of arrangements. I know a few people who complain about their finances and yet they have these amazing, expensive cars that they are paying for every month. I do not get it in that instance.

Should have made that clearer in my post. Apologies.

It's the Instagram lifestyle, got to be seen to be doing well, even if you're just an average joe with a average job and an average life.

[Preezy]

Prime example of the stupid expensive car discussion:

I worked with this guy who paid something like £400 a month for an Audi A3, but he often used his mum's Honda Jazz because the Audi was too expensive to run

He was one of these wannabe gangster types who fancied himself as a music producer...whilst also working in a call centre

[Moggy]

What a lovely man Rees-Mogg is.

twitter.com/susannareid100/status/905328847717060608

Remember the hammering Tim Farron got in the papers for avoiding the "is gay sex a sin" question? I wonder if Rees-Mogg will have a similarly hard time when he openly expresses far more extreme views?

[Knoyleo]

First reply under that tweet.

twitter.com/mariandonnellan/status/905330185200914432

Seething

[Moggy]

First reply under that tweet.

twitter.com/mariandonnellan/status/905330185200914432

Seething

People have absolutely no idea what freedom of speech is. They seem to think it means freedom from criticism or that nobody is ever allowed to respond to their words.

[Hypes]

He was refusing to say he was against gay marriage and that gay sex was a sin, and was weaseling out saying he followed the teachings of the Catholic church