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DawnHFoster's profile
The Poisonous Euros Atmosphere Fan
The Poisonous Euros Atmosphere Fan
The Poisonous Euros Atmosphere Fan
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@DawnHFoster

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The Poisonous Euros Atmosphere FanVerified account

@DawnHFoster

Staff Writer at @JacobinMag. Writer and broadcaster for everyone. 📧msdawnfoster@gmail.com Tusk is the best Fleetwood Mac album. Only care about LFC.

London. Londinium.
jacobinmag.com/author/dawn-fo…
Joined July 2008

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    The Poisonous Euros Atmosphere Fan‏Verified account @DawnHFoster 6 Oct 2020

    Johnson attacks social housing, saying they won’t “expand the state” to fix the housing crisis, but instead introducing 95% mortgages. If house prices don’t change, you’re in luck. But this precipitated the US mortgage crisis, and risks plunging people into negative equity.

    4:05 AM - 6 Oct 2020
    • 111 Retweets
    • 290 Likes
    • Lkydiruw John Postlethwaite Mike Jimmy Greenway Ann Johns, Grumpy Geordie Gran. #TAX THE RICH! RGW Peter Power Ron d Jay
    16 replies 111 retweets 290 likes
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      2. Elizabeth Leng‏ @MamaLeng57 6 Oct 2020

        And banks

        0 replies 0 retweets 0 likes
      3. End of conversation
      1. New conversation
      2. William Miller‏ @muggwhump 6 Oct 2020
        Replying to @DawnHFoster

        How are they going to bring back 95% LTV mortgages without expanding the state to guarantee and underwrite them?

        1 reply 0 retweets 1 like
      3. mark stannard‏ @mjstannard 6 Oct 2020
        Replying to @muggwhump @DawnHFoster

        It was only about 5 years ago we had the H2B MIG - Mortgage Indemnity Guarantee - but that was second hand properties. Looks like this is will be the future extension to the H2B Equity Loan

        0 replies 0 retweets 1 like
      4. End of conversation
      1. £10/hr is an insult  💚 💙 🧡 🥀 🇵🇸‏ @MollyAunt 6 Oct 2020
        Replying to @DawnHFoster

        People forget that the first run was on Northern Rock which over-lent on mortgages and that the crisis affected retail banking as much as investment banking.

        0 replies 1 retweet 3 likes
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      1. David Neil Robinson‏ @DDIGITALMEDIA 6 Oct 2020
        Replying to @DawnHFoster

        Nobody will be able afford a mortgage soon and for the record 8 never have or will be

        0 replies 0 retweets 0 likes
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      1. Malcolm Burtt  💙 #WokeAndProud‏ @MalcolmBurtt 6 Oct 2020
        Replying to @DawnHFoster

        Thatcher's Right To Buy policy was a significant contributor to the UK housing crisis. It massively depleted our stock of social housing because councils were blocked from reinvesting proceeds to build new social housing. It's past time to end Right To Buy and undo the damage.

        0 replies 2 retweets 13 likes
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      2. Aidan‏ @aidanjmcg 6 Oct 2020
        Replying to @DawnHFoster

        There are those of us who were given these mortgages a couple of years back, can easily afford repayments, but don't have enough equity to get renewed so will have to accept variable rate mortgages now. Only products available are 85% equity min. This is incredibly insecure.

        1 reply 1 retweet 2 likes
      3. Aidan‏ @aidanjmcg 6 Oct 2020
        Replying to @aidanjmcg @DawnHFoster

        The more immediate problem is probably millions of people falling between the 95% mortgages available til March and the 85% products available now. The goalposts have been moved out of reach.

        0 replies 1 retweet 1 like
      4. End of conversation
      1. couldasaid‏ @couldasaid 6 Oct 2020
        Replying to @DawnHFoster

        sound like another sub-prime lending/credit crunch scandal in the making to me!

        0 replies 0 retweets 0 likes
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