to think that feminism should have thought about the consequences and set some rules.

[TulisaLover]

I've been chatting with DP this evening and mentioned a post that's been doing the rounds on facebook. It's from a lady sending a message to This Morning about the cost of childcare - on the surface it's a powerful post.

To cut it down:

'I am looking to return to work next year and child care will cost 810 every 4wks - this is more than our mortage!!. The government should help with child care costs.'

DP and I agree with it's sentiment - that child care costs are crippling families, but not necessarily with helping for the costs - he said:

"This is why feminism should have laid down some rules. Both parents earning an income meant banks salivated and started lending for homes based on both. This has forced up prices to cover this as house prices are a function of the amount being lent. Society as a whole loses, bankers win. What should have happened is when you have kids, both parents should be encouraged to work part time so that childcare is shared - or failing that the higher earner whichever gender should have been the one to work. Problems like this wouldn't have happened."

It struck a chord with me - what do you ladies think?

If both parents had been storing their surplus income in silver and tinned food rather than in Bank of England promiseschub fuddler while the going was good, they'd have plenty to fall back on.

Haven't read the whole thread as it seems to have gone off the rails and into a quagmire, but the OP's DH is talking crap. There are several reasons house prices have risen, for example, increasing life expectancy, high cost of renting, shortage of supply, competition among mortgage lenders - see this link rising house prices

You will see that it has fuck all to do with working women, given that as others have already pointed out, women have always worked in one way or another. To argue that it is women's fault is just another way of saying women should stay in the kitchen where they belong, or else look at the state of the country. Plus, the vast majority of working women work part-time when children come along, the number of households with two parents working full-time is really not the majority.

By the way, that's my opinion, not DP's. I think I'm starting to get what he means.

Isn't your dh just describing the actual situation for many if not most people with pre school age children? One person often stays home if childcare is as much or more than their pay, or the parents try to adjust their schedules to minimise costs.

I don't see what any of this has to do with feminism. Childcare by a worker can cost what the parent earns, as it probably should, unless subsidised. Both parents earning has a neutral outcome.

In the loose lending times, childcare wasn't considered a criteria in lending. It was solely "how much gross income do you both have - great - here have 8 times that'.b

ok,so lose the dp says this,says that
what do you think?be more independent bit more feisty.less wee wifey
and I kind of like tulisa c she's had hard knock life - her documentary about carers and mental illness was great

DP is a gem. Why shouldn't I be proud of his achievements? He's proud of mine. When I recently got made Partner at a very prestigious law firm, he picked a bunch of incredible Gerbera's he'd been growing and made an absolutely incredible hand tied bouquet.

Well it definitely is considered now, on my mortgage at least.

I think a lot of other factors played a larger role in house price rises. Standards indeed were loosened but it could just as easily been (and was as well) about allowing higher multiples on one income. There isn't any regulation limiting income multiples.

Oh god the op really is a cut price Xenia isn't she?

What does your DP do, Tulisa? Or is he too busy being self-sufficient and playing the metal markets?

Noone should take out a mortgage IMHO, or be allowed to borrow or buy on the never never. If you can't save up for it, you can't buy it. It's just handing over interest to greedy gits.

I am very much of the philosophy that you borrow once, you pay for it twice with interest, and all that comes out of your net salary. So you're three times an idiot.

you're referencing yourself via your partner
why aren't you refer ing your self.recent promotion to partner or example
it's v subservient to reference self via make partner.you're not his chattel.assert yourself, stop being so simmpery, he did dis and he did dat

I'd point to the cheap funding banks got from securitising and offloading mortgages, which coincided exactly with the boom.

Law firms are always prestigious when someone gets partnership aren't they? No one ever says "I got offered partnership but the place is a complete scrots end, still I took it anyway".

hey,let's talk law and partners, what firm?magic circle
what cpd did you put in
what's your specialism, him much did your fee go up

As far as house prices go, at least, this is rubbish: what has happened to drive up house prices recently was that banks began lending way over the recommended multiples of salary, frequently to people with terrible credit records. That, and interest rates have been held way too low for far too long, making credit "cheap" and fueling a house price boom.

And a boom is always followed by a bust. This has happened before with UK property, in the nineties, eighties, seventies...it's just an investment mania, like the Tulip Bulb dealio in the seventeenth century or the stock market lunacy of the 1920s which led to the crash in 1929.

People get "get rich quick fever", pile into an asset, eventually run out of greater fools to sell to at the bottom of the pyramid and the whole rotten mess collapses.

House prices were roughly one third to one quarter of what they were at the peak bubble in 2007 back in late 1999 - when I bought my first house. As far as I know, you could get a joint mortgage then...!

Yup housing market is a great big Ponzi scheme.

ticktockcroc - we've got the Tripp Trapp. Is great - gets nice and close to the table so no need for a tray and allegedly good for BLW (I say allegedly since the Commanderling likes to sit in hers but hasn't grasped the concept of food yet). Also it matches our dining table. Bit of an arse to assemble but nice and solid.

my husband approved this message while wearing his tinfoil hat

Tulisa, credit allows companies to take risks and grow, to hire people and fuel the economy. On a household level it let's people leverage on their future earnings growth, and capitalise on inflation.

I appreciate your sentiment, and there needs to be responsible lending and borrowing, but don't dismiss the many economic and social benefits of credit. It pulls nations out of poverty and allows everything from medical advances to great business ideas to flourish.

tulisa,would you consider mentoring other females seeing you just made partner

DP prefers not to define himself by what he 'does'. He finds that question offensive. He's a mover/shaker. He makes things happen. He's always got an iron in the fire.

I work for one of the top 3 law firms - trust me when I say it's a biggun.

"Yup housing market is a great big Ponzi scheme."

DP used exactly those words. See my earlier thread.

Not so much of an idiot now eh chubfudller.

"Capitalise on inflation"

Inflation is theft, pure and simple from those who save.