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Residents urged to expect a very tough 12 months


offshoremanxman
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33 minutes ago, Nom de plume said:

The issue on this Island is the cost of living, primarily housing costs & the lack of a growing younger working population.

Two policies would make a difference pretty much immediately:

Heavily tax second (multiple) home ownership. The property price correction will be swift.

Incentivise the young to return from University. If a 3 year education away costs £60k, provide a Govt backed loan for that amount. If the student returns & works for a stipulated period (let’s say 5 years here) only 50-60% is repayable. Within that 5 years it’s likely they’ll find a partner & put down roots.

Sadly these policies require thought & bollocks, both prerequisites for a progressive, forward thinking Government. Ours is a busted flush.

Alf is pissing in the wind.

The taxing of multiple home ownership was asked in the housing session yesterday & they did say it was one of a range of measures they are looking at including increasing numbers of affordable houses in development, extra community taxes oon development etc 

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2 minutes ago, Banker said:

The taxing of multiple home ownership was asked in the housing session yesterday & they did say it was one of a range of measures they are looking at including increasing numbers of affordable houses in development, extra community taxes oon development etc 

They tend to ‘look’ at a lot of things.

Alf’s strategic plan looks fruity. Everyone can plan, you & I can plan. The delivery of a plan is where it’s at.

They seem to me like startled rabbits in headlights, frozen.

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8 minutes ago, Banker said:

The taxing of multiple home ownership was asked in the housing session yesterday & they did say it was one of a range of measures they are looking at including increasing numbers of affordable houses in development, extra community taxes oon development etc 

And yet the tourism presentation said they need something like 500 additional holiday let units which will presumably only come from property investors or second home owners. Everything was so conflicting. 

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27 minutes ago, Steady Eddie said:

And yet the tourism presentation said they need something like 500 additional holiday let units which will presumably only come from property investors or second home owners. Everything was so conflicting. 

I’m sure with all these brains, chinless wonders, eco warriors and experts, between them they will decimate the private rental market even more than they have, then they will move onto the holiday let market. It will get to the stage where nobody will invest, and if the island isn’t careful, capital flight. 

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6 minutes ago, Banker said:

Compared to costs of PS pensions!!

Compared to the cost of paying back the MUA loan + all the debt it will have accumulated from everyone using electricity to heat their homes all winter because it's by far the "cheapest" (until it has to be repaid).

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2 hours ago, HeliX said:

Compared to the cost of paying back the MUA loan + all the debt it will have accumulated from everyone using electricity to heat their homes all winter because it's by far the "cheapest" (until it has to be repaid).

It's not as cheap as oil. Oil is the cheapest. Electricity is still expensive and possibly marginally more expensive than gas still.

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7 minutes ago, Happier diner said:

It's not as cheap as oil. Oil is the cheapest. Electricity is still expensive and possibly marginally more expensive than gas still.

Low income households are often on PAYG electicity meters. If you heat by oil, you have to come up with a huge lump sum to fill - or even half-fill - your tank.

While oil may be cheaper in the long run, heating with leccy on a PAYG meter is easier to deal with when you live paycheque to paycheque. 

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So far in the great Tynpotwald Cost of Living debate - waffle, waffle, and bullshit. Ashford agreeing in agreement with Allinson - now there is a surprise. I did expect new ideas, suggestions, and maybe admissions that this is only the start - no such luck. Clare Christian has come close with her concerns, but she is wasting her time as the COMIN has made up its mind. 

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1 hour ago, Zarley said:

Low income households are often on PAYG electicity meters. If you heat by oil, you have to come up with a huge lump sum to fill - or even half-fill - your tank.

While oil may be cheaper in the long run, heating with leccy on a PAYG meter is easier to deal with when you live paycheque to paycheque. 

Lots of pre payment meters tend to use their meters using the emergency credit mode, clear it then back to emergency. 

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1 hour ago, Zarley said:

Low income households are often on PAYG electicity meters. If you heat by oil, you have to come up with a huge lump sum to fill - or even half-fill - your tank.

While oil may be cheaper in the long run, heating with leccy on a PAYG meter is easier to deal with when you live paycheque to paycheque. 

not quite correct, you can pay X amount per month to manx petroleums and build up credit so when you order oil it is paid for or mostly paid for.

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8 minutes ago, Pipsqueak said:

not quite correct, you can pay X amount per month to manx petroleums and build up credit so when you order oil it is paid for or mostly paid for.

Yes I pay £150 a month.  Can be easily changed with a simple phone call. 
good friendly service including annual maintenance of boiler. 

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28 minutes ago, 2112 said:

So far in the great Tynpotwald Cost of Living debate - waffle, waffle, and bullshit. Ashford agreeing in agreement with Allinson - now there is a surprise. I did expect new ideas, suggestions, and maybe admissions that this is only the start - no such luck. Clare Christian has come close with her concerns, but she is wasting her time as the COMIN has made up its mind. 

KLB stated that they have been working on these measures since march!  Is she serious?  All that time and this is what they have come up with?

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