Friday, Apr 03, 2009
Licence to print money revoked...
Msnbc: Slump takes swagger out of once-booming U.K.
"Glancing at her mortgage bill, Jennifer Wilson can’t help but lament that a portion of her monthly payment covers the cost of her dalliance with decadence." Hah. Serves her right.
Posted by mym @ 11:27 AM (1268 views) Add Comment
21 Comments
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1. mym said...
Looks like the message is getting through.
“I was living a Champagne lifestyle on an Irn-Bru wage”
2. Such_short_memories said...
Where were the blokes in that article?
3. little professor said...
"They tried to throw money at me,” said Wilson. “In the end, I took an extra £2,000 and spent £1,500 of it on a girls’ weekend in New York. I thought I was Carrie Bradshaw. We went on a ‘Sex and the City’ tour and shopped for designer clothes."
Aww diddums. Someone get that girl a bailout, stat
4. inbreda said...
Don't worry you vacuous whore, while you were going on "sex and the city" tours in America, polluting the planet with your global jet set lifestyle and having a fun time, I was working hard and saving money, and thanks to the one eyed scottish idiot of an unelected prime minister devaluing the currency, I will bail you out.
"Now I’m terrified. My flat is unsellable" - GOOD. Stay there til you die, and please only go out at night so I don't have to put up with your presence you smug cow.
5. magnifico said...
Announcement: my policy of terrorising vendors/ EAs with silly offers has paid off and had an offer of 330k on a place that was on the market 8 months ago for 410k.
I'll still follow the blog though, there are lots of colourful characters and I would miss your posts inbreda!
6. george monsoon said...
Am I the only person on here who is on a normal wage..
well done though Magnifico, thats a hefty 80k drop on the price.. and 80 k is about how much I could afford to borrow on my wage to buy a house.
Is there anyone else in here on average wage, or are you all well rooted legacy city types who "got in when the getting was good"
Im on just under 25k myself.. thats a pretty good wage for the NW..
Please don't gloat if you are on substantially more than this, I feel poor enough already..
7. paul said...
Edinburgh? Och aye they love the crack up there.
"A wee dram n'ay shot a skahg" as they say. That's it! Why doesn't she take up the habit and turn her flat into a crack den. Then she wouldn't have to worry about *anything*.
8. 51ck-6-51x said...
magnifico - congrats on your new home. A discount of 19.5% from price 8 months ago is OK, so long as 410 was the market price 8 months ago and not a high price.
Whereabouts?
9. 51ck-6-51x said...
george monsoon - 25K may be fine, it's all about the location really!
In London, where I live & work, you'd probably struggle to live on less than 18K (if you're paying tax & rent) and 25K would probably allow you to either go out once or twice a week or save about £400 a month [or some combination] - so long as you don't have a child, in which case 25 would become much nearer the lower bound.
10. george monsoon said...
Whereabouts?
at 350k... absolutely MILES from where I live.. probably some posh bit of a City, or a Massive house in the middle of nowhere..
11. george monsoon said...
... Not that I am bitter and jealous or anything Magnifico..
I am just one of the unlucky people who seems to work all the hours in a day for a pittance..
Its JUST NOT FAIR i tell you.. ... .. come on you ordinary hard working types... pitch forks in hand.....
12. This comment has been removed as it was found to be in breach of our Blog Policies.
13. george monsoon said...
Sorry.. I really am on a rant today..
Where are all the "buzzword" guru's today? It's Friday, they are all on the golf course. .thats where..
Oh well back to WORK..
14. magnifico said...
It's on the Middx/ Surrey border.
Please George bear in mind I'm 42, a fairly paid Engineering Technician, quite careful with money ( some may say tight), wife and three kids, always drove cars people took the p*ss out of, and as far as accent I sound very much like Borat! Yashemash!
15. Eyes_wide_open said...
"Nobody down south has any compasion, common sense or generosity."
Your generalisations are appalling. Many people have the traits you say are missing, we just don't go on about them. Stop tarring everyone with the same brush.
16. Eyes_wide_open said...
"I am just one of the unlucky people who seems to work all the hours in a day for a pittance.."
Learn some useful skills then, like most of the others that earn a semi-decent salary. I'm not talking about people in Finance or "the media" either.
17. inbreda said...
don't worry george - things will pan out. If you're working all the hours god sends for 25 clicks I suggest you cut back the hours you work for someone else and try to set something up in your spare time to be your own boss. Necessity is a mother, and all that.
I earn a high wage, but I live in one of the most expensive places on the planet - it doesn't go far!
18. Peppersauce said...
Hi George, I live in the North West, I reckon its one of the cheapest bits of the UK. I'm on a similar wage and put aside a very tidy amount each month. It's not ideal perhaps but it's a means to an end - here's what I do:
House share, so rent and bills are split with friends, run a cheap run around - I've had a VW Golf MK2 for the last 6 years, three of them in all costing a few hundred quid each and the last 2 have been ridiculously cheap and reliable, few nights out and very little boozing, holidays in the South of France at my parents, get there by Ryanair, get free entertainment via internet or other cheap sources, get fit on my nice road bike, learn to cook great food if you cant already (have done some time working in half decent restaurants which helps!), payg mobile phone, no debts to service! there's lots of ways to reduce your outgoings if you put your mind to it. Remember that over 70% of the population are on a salary of less than £18 000/year so you are doing well!
19. 51ck-6-51x said...
george monsoon said
"Nobody down south has any compassion, common sense or generosity"
Well thanks!
I was born in the south and have lived here all of my 30 years. It is true that crowds (such as those one sees on Oxford Street) have no compassion (unlikely anyone would help you if you're being mugged), but that is a human trait nothing to do with location.
I would agree with the generosity bit for urbanites versus the rural - maybe some psychological effect from living in a [seemingly at least] more competitive environment [another reason why consumerism is evil].
"There is nowhere in the UK where an income of 25k will allow you to live with any disposable cash of any kind. "
I'd bet there is! The current median wage (the number which 50% earn more than and 50% earn less than or equal to) stands (as of Nov 08 according to the NSO) at 20,176 and the median wage for a full-time employed male stands at 27,352.
I was earning 22K and living and working in central London in 2002 and I put savings away most months. I think the key here was cycling everywhere - having a car eats away at your wage massively (even more so in London!) but I don't like cars anyway and have never had one (public transport & push-bikes all the way).
"Its JUST NOT FAIR i tell you"
If you think you're worth more you must push to get more - ask for more, find a competitor, or start your own business. A successful business will earn you more than anything else ever could in the long run, but as with anything it takes hard graft and luck... in fact I believe one must look for their luck and that luck plays a big role in fortune and that positive thinking helps a lot more than one would tend to think too.
Mind you, as my father would always say if I ever whinged when I was young, "Life ain't fair!" - I think having that rammed down my throat at any opportunity helped me :)
20. bidin'matime said...
Magnifico - I'm worried that you are jumping too soon. You have proved that silly offers eventually bear fruit - when they bite, just lower your offer!
Reminds me of the lad whose father told him how to haggle - "always offer half!". So the lad goes to the market and sees a jacket he likes - offers half the ticket price - "I cant let it go for that!" Then after 10 minutes of haggling the seller says "Okay, okay, I'll do it", to which the lad halves his offer.. This continues and a crowd builds up as the price halves and halves again, so eventually the stallholder decides to cut his losses and get rid of the kid by giving it to him... Hi response..."I want two!"..
21. magnifico said...
Bidin believe you me I'd like to wait a bit longer, but family health reasons dictated the decision... I just tried to get the best deal by haggling hard.