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About Wurzel Of Highbridge
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Somerset
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About Me
What I find I keep.
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Building housing on brownfield is a BS idea. You end up with business being built on Greenfield on one side of town and homes on the other side. Makes driving between the two compulsory. Better if planning was mixed development within walking distance. Every Bolvis etc site must also have x number of small industrial units built within 5 mins walk
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What will collapse next....
Wurzel Of Highbridge replied to TheCountOfNowhere's topic in House prices and the economy
https://www.independent.co.uk/news/uk/home-news/avonmouth-bristol-fire-evri-depot-b2529585.html More than likely caused by lithium batteries from cheap Temu crap being shipped from China. I bet shipping those subsidised packages doesn't look like such a great idea now! -
UK job market doing poorly
Wurzel Of Highbridge replied to henry the king's topic in House prices and the economy
The tax man will be happy! All my pay rises and bonuses for the last couple of years have been funneled off into my pension (salary sacrifice) to avoid child benefit tax and the 40% tax rate. May give myself a small rise this year, given the child benefit tax threshold has risen form £50 to £60k, but not keen on paying 40% to the tories -
<crash click bait>
Wurzel Of Highbridge replied to Data Dave's topic in House prices and the economy
I also put this down to btl demand affecting flat prices at different periods and WFH trends. I don't see either trend changing soon and would expect flats to underperform for quite sometime. I see flats for sale locally for less than they were sold for new in 2007. -
The CEO of BlackRock doesn’t want to die
Wurzel Of Highbridge replied to NoHPCinTheUK's topic in House prices and the economy
FIAT:- Wealth extraction tool of the bankers Crypto:- Fools Gold / casino chips -
The CEO of BlackRock doesn’t want to die
Wurzel Of Highbridge replied to NoHPCinTheUK's topic in House prices and the economy
Just move up north ✔️ Buy your £5 bargain house ✔️ Get paid £5m per year ✔️ You'll also live to 125 years old oop there too ✔️✔️ -
Definitely some deflation in new IT job salary's and number of positions. I would put this down to companies reducing the number of employees that they were hoarding, leading to more job seekers and fewer positions within the sector. During the COVID era, all companies were focusing on doing and selling everything online (due to lockdowns). Many of those online markets are now saturated and have been explored. https://www.itjobswatch.co.uk/jobs/uk/csharp.do#salary_trend I picked C# as it's quite a common language and good for showing IT market trends.
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I'm currently acting as an executor and have been waiting for many weeks on the probate service to sort it's s*it out! There is currently a huge backlog of probate applications. Probate applications are currently running at an average of 16 weeks, with a backlog of 40,000 cases. Potentially 40k+ decent properties held off the market. These will all be fairly swift executor sales too, no chains etc. More info: https://www.ftadviser.com/property/2024/01/04/probate-applications-on-the-rise-as-service-battles-with-backlog/ I reckon this may be suppressing the supply of housing and helping to push up prices. It pulls away one of the 4 d's death, disaster, debt, and divorce On another note, after meeting up with some friends recently there have been a lot of rumblings about one of the other D's - debt. With typical middle-class homeowners in their 40's now bitterly complaining about the mortgages they took on from 2018+ (costing them £1800+ per month on a single salary of £50 to £60k). I'm pencilling in a good uptick in repossessions hitting the market next year. If the probate system issues are resolved, then there could be a lot of these properties hitting the market at the same time. Let's not forget about the landlords selling up too. In summary, it's looking a little crashy on the pent up supply side.
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5th of UK adults not looking for work
Wurzel Of Highbridge replied to sambino's topic in House prices and the economy
Well, a lot of the inactive / not working group are mums looking after their kids and students. Then you can top that up with 40k per year illegals who can't work legally There are quite a few long-term ill aka not worth working to fund the government and pay a landlord group. If you dive into the numbers, there's not a lot of this 20% who are willing or able to work. I think there will be a growing group of people who find it's not worth working as they realise they'll never benefit from it. They'll aways be skint, never own their own home and have to pay extortionate private sector rents. What motivation is there to work? The Tory stick isn't going to work either as they just end up 'sick' with mental issues. -
Haha, I think he should be forced to do several hundred hours unpaid community service. Between tenancy cleans for council houses and / or picking up dog poop should help focus his mind. I suppose the only saving grace of the housing boom is it got the Wilson's out of teaching and saved a few kids being abused.
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Spring Budget 2024 (Complete Hunt Guide)
Wurzel Of Highbridge replied to Pmax2020's topic in House prices and the economy
It's not actually me who gets the money - it's the wife. 😒