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Tipping Point


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#1 guitarman001

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Posted 12 February 2012 - 12:36 PM

I've seen over the last few months especially, a lot of posters on this site ending up buying. Personally, I've reached my own tipping point. I don't think I can stay at home any longer - it's far too overcrowded and not doing me any good. It's like a germ breeding ground! My 'move abroad' option is still on the cards... I just need to figure out what to do. I'm waiting until June when I hear what my pay progression will be like. I've been too long at the company to bail out now without having gotten the reward. If it's decent I may use that excess money for rent (ugh - if I were to rent a single room now it would wipe out ~70% of my savings a month). I feel I could move out right now, but to see all that money go to 'waste' when I'm practically saving a fortune right now (for me, not for 99% of the people on here lol!). It is tempting just to apply somewhere else and get on with it, but if I just wait a little longer, I could be better off in the long run.

So by tipping point I don't mean buying (though I would almost be better off month by month doing so!) - just that my situation is becoming untenable and something needs to change. I've spent the last few days looking at single-bed places to rent (prefer not to share with another as I'd have the girlfriend round at times) but it's uninspiring and pretty depressing! UK rents, anyway....

Edited by guitarman001, 12 February 2012 - 12:37 PM.


#2 Democorruptcy

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Posted 12 February 2012 - 12:50 PM

Travelodge have another £10 a room sale on. Fill your boots. Makes you wonder how much cheaper it would be to live in hotels. No council tax, gas, electric, water, house insurance, TV licence, etc to pay.
http://www2.travelod...uk/saver_rooms/

Edited by Democorruptcy, 12 February 2012 - 12:53 PM.

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and it's banks. The UK's Governbankment does policies to enrich bankers at the expense of the public. The more money people are encouraged to borrow, the more money bankers make.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people

#3 guitarman001

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Posted 12 February 2012 - 01:00 PM

Crikey, that would be much cheaper lol!
I'm looking at ~£500+ for a single-bed flat, add on £100 for council tax, water charges etc...

I'm just looking at what you can rent/buy in Germany/Austria:
http://www.lizfrey-r...rooms&cat=1room
http://www.toytownge...ments_in_Munich
http://www.euroburo-...o_rent_graz.htm

Remember in Germany there is no council tax (but taxes are higher).

Noooo, even it seems on Austrian sites property is meant to be 'snapped up':
http://www.euroburo-....com/index.html
"There are still some true property bargains to be had but they are getting fewer"

This is all becoming so much more real now that I'm faced with moving out!

Edited by guitarman001, 12 February 2012 - 01:05 PM.


#4 Democorruptcy

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Posted 12 February 2012 - 01:07 PM

Crikey, that would be much cheaper lol!
I'm looking at ~£500+ for a single-bed flat, add on £100 for council tax, water charges etc...


Travelodge had another sale in December I think for the period Jan to March. If they are doing it peak times April to August I can only assume there will be another midsummer for Autumn. Therefore it is possible all year around.

Not ideal I know but has some benefits for your circumstances. It's some space for you and the girlfriend that you could split between staying at home without taking on the full costs of renting.
Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and it's banks. The UK's Governbankment does policies to enrich bankers at the expense of the public. The more money people are encouraged to borrow, the more money bankers make.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people

#5 guitarman001

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Posted 12 February 2012 - 01:11 PM

I'm not going to be moving out immediately - I'm going to take my time and get the right place/price etc. It's good to get looking for now - good and bad lol... Jesus, I can see how people on average wage afford it, but affording it and then having money left over...? What a laugh! Wish I never took out my student loan - £100 a month PAYE and I put an extra £150 a month toward it. ~£9.4k left. Cannot IMAGINE how anybody coming out of uni now with debts of £50k are going to get by. That extra £250 really adds up..!

Edited by guitarman001, 12 February 2012 - 01:13 PM.


#6 Democorruptcy

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Posted 12 February 2012 - 01:43 PM

I know Germany is one of your escape plans.

http://www.hypoport....px-hedonic.html

Prices at all time highs over there, apartments rising at about 1% a month for the last 6 months.
Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and it's banks. The UK's Governbankment does policies to enrich bankers at the expense of the public. The more money people are encouraged to borrow, the more money bankers make.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people

#7 guitarman001

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Posted 12 February 2012 - 02:10 PM

Property mania is kicking in everywhere!?

Actually I was in Munich late last year and the majority of locals I spoke to seemed to think buying was now a good idea due to the financial crisis (in their own words!) - something about owning and paying it off, being more secure. Seems a big U-turn for them!?

#8 Democorruptcy

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Posted 12 February 2012 - 04:41 PM

A room for £18 a night for 2 people with breakfast. Fridge, TV, air conditioning, wireless internet, etc 600m from a beach.

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Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and it's banks. The UK's Governbankment does policies to enrich bankers at the expense of the public. The more money people are encouraged to borrow, the more money bankers make.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people

#9 inflating

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Posted 12 February 2012 - 04:52 PM

Moneyweek pretty much tipped German property in 2007
http://www.moneyweek...arket-in-europe

I think new housing has seen the biggest %gains

#10 guitarman001

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Posted 12 February 2012 - 05:12 PM

Is there no place safe from HPC evil!? Why must everything be an investment!?

#11 JonoP

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Posted 12 February 2012 - 07:56 PM

I've seen over the last few months especially, a lot of posters on this site ending up buying. Personally, I've reached my own tipping point. I don't think I can stay at home any longer - it's far too overcrowded and not doing me any good. It's like a germ breeding ground! My 'move abroad' option is still on the cards... I just need to figure out what to do. I'm waiting until June when I hear what my pay progression will be like. I've been too long at the company to bail out now without having gotten the reward. If it's decent I may use that excess money for rent (ugh - if I were to rent a single room now it would wipe out ~70% of my savings a month). I feel I could move out right now, but to see all that money go to 'waste' when I'm practically saving a fortune right now (for me, not for 99% of the people on here lol!). It is tempting just to apply somewhere else and get on with it, but if I just wait a little longer, I could be better off in the long run.

So by tipping point I don't mean buying (though I would almost be better off month by month doing so!) - just that my situation is becoming untenable and something needs to change. I've spent the last few days looking at single-bed places to rent (prefer not to share with another as I'd have the girlfriend round at times) but it's uninspiring and pretty depressing! UK rents, anyway....


Bet you actually do nothing but sit on HPC whinging about how unfair it all is and how you might move to germany 'soon'. :rolleyes:

#12 guitarman001

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Posted 13 February 2012 - 09:30 AM

Maybe I will, what's it to you lol?
FYI my time-frame for any sort of move is this year, always has been.
Why even bother to post something like that? You need to learn how to win friends and influence people ;)

#13 JonoP

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Posted 13 February 2012 - 10:21 AM

Maybe I will, what's it to you lol?
FYI my time-frame for any sort of move is this year, always has been.
Why even bother to post something like that? You need to learn how to win friends and influence people ;)


Balls, I have been reading your posts for years now and there are two endlessly repeating themes.

1. How you might move to Germany
2. How you are jealous of people who earn more than you

You need to pull your finger out and get on with life. Seriously, getting a cheap house is not the be all and end all of life. When you are on your death bed, the time you have spent obsessing about house prices will probably be a major source of regret.

In the time that you have been vacillating about maybe moving to Germany I have moved from the UK to Aus and have now pretty much lined up my next job in Holland.

Stop talking and start doing!!! Take a risk!!!

And as for winning friends and influencing people - hmmm - you are assuming that I want to 'win' you as a friend :P Amusingly, I earn one of those six figure salaries you crave and my job revolves around winning friends and influencing people (I do sales).

Just saying ;)

Edited by JonoP, 13 February 2012 - 10:21 AM.


#14 guitarman001

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Posted 13 February 2012 - 10:38 AM

What field do you do sales in? Can it really be as glorious in pay terms as many say? In engineering, sales sometimes gets the same or less than the engineers!

In any case, you're right! I am envious - I need more dough to be able to settle down someplace. Maybe you're like me, maybe you're not, but I'm from a poor background, and I don't earn megabucks like you (damn lol!), so I'm just toying with all the ideas to get somewhere. If you've been reading my posts for years, you'll know last year I was saying 1-2 years for a move. Well, that places me in this year - so let's see if I put my money where my mouth is - hope so!

So you've moved from UK to Oz, and now to Holland - three different jobs in two/three years??

It's the risk I'm not sure of - do I want to miss out here on a housing low at some point - do I want to go abroad and reduce savings (because I sure as hell wont be saving as much abroad!)... of course there are lots of upsides. You can see that perhaps I analyse things a bit too much.

Perhaps.... I just need to apply.. go do it... and can always come back in a couple years. Thanks for the kick up the bum ;)

#15 JonoP

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Posted 13 February 2012 - 11:38 AM

What field do you do sales in? Can it really be as glorious in pay terms as many say? In engineering, sales sometimes gets the same or less than the engineers!

In any case, you're right! I am envious - I need more dough to be able to settle down someplace. Maybe you're like me, maybe you're not, but I'm from a poor background, and I don't earn megabucks like you (damn lol!), so I'm just toying with all the ideas to get somewhere. If you've been reading my posts for years, you'll know last year I was saying 1-2 years for a move. Well, that places me in this year - so let's see if I put my money where my mouth is - hope so!

So you've moved from UK to Oz, and now to Holland - three different jobs in two/three years??

It's the risk I'm not sure of - do I want to miss out here on a housing low at some point - do I want to go abroad and reduce savings (because I sure as hell wont be saving as much abroad!)... of course there are lots of upsides. You can see that perhaps I analyse things a bit too much.

Perhaps.... I just need to apply.. go do it... and can always come back in a couple years. Thanks for the kick up the bum ;)



I sell software for one of the larger US software companies. It is not glorious at all. In fact, at the moment, I quite dislike my job (hence Holland). In terms of money, after a certain amount you do not notice much difference, you just bank the ‘spare’ amount. I look at bankers bonuses with a degree of jealously. I am sure they look at oligarchs salaries with a degree of jealousy. It is the way of the world.

I transferred from the UK to Aus with my current employer. If I move to Holland, it will be with a competitor. I work in a reasonably specialised field and there are not that many people to compete with for jobs.

I also come from a poor background. In the nineties I was earning three pounds an hour (one hundred quid a week) and having to pay my rent and all my bills from that amount. It was harsh. However, you can better yourself if you put some effort in to it.

In terms of work – remember that in your twenties you are getting experience. In your thirties you get paid for the experience….

But, the one thing you DO need to do is get off your butt and do something. Apply for other jobs. Take some risks. Go live overseas. Forget about money, if you are good at your job money will come anyway.




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