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About xux42

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  1. OK, so appearance are deceptive. But when you look at places like Chapel Lane, on the edge of Eastleigh its hard to believe that they are occupied by chavs struggling to make ends meet . TBH I'd put up with Chav neighbours to live in one of those large rambling rose, thatched cottages if it was really cheap.
  2. Ex-colleagues in Fareham (Zurich Ins.) on £50k+. The bits of Eastleigh I saw were very un-dumplike, maybe appearances are deceptive or there are horrible bits elsewhere? Mods, please move to SW it was Glos. prices I was trying to make a point about...Ta
  3. Actually there is a much, much nicer house for £300k on the west side of Hedge End. But you'll probably think its [email protected] because its 1/4 mile from the M3...
  4. Obviously there are nicer houses in nicer locations for less money elsewhere in the UK. This thread probably looks a bit stupid to people in the NW who can easily find a smart house for £150K but hopefully it strikes a chord to southerners. I guess my point is that in this location a family income of 70K would not be unusual but less usual in Glos. yet prices are at least 33% higher for like for like. I'm fortunate to have bought in Glos. when property here was cheap - properly, objectively, 3x single income cheap. If I was starting out now, Hampshire would win hands down over Glos. for it
  5. Just been to Eastleigh NW of S'hampton on family business and as there seemed to be some rather nice houses in what appear to be reasonably nice locations I had a look at the prices. £300k detached OK the houses are a rather close to each other but the estate borders countryside and is right by the station. Now in the large Glos. village near Gloucester and Cheltenham we live in asking for this would be £400-450K. In the good postcodes of Cheltenham it would be £500-600k, that's double. Hedge end is commutable to Southampton, Portsmouth, Fareham, Guildford and a few other places, and the
  6. Its really simple actually, but the self serving senior staff at councils won't do what's needed because turkeys don't vote for Christmas. - £20,000 salary cap on Final Salary component of all public sector pensions, the rest being defined contributions: pure market value with no taxpayer subsidy. With immediate effect, no phasing/committee reviews. - 10 year programme to migrate to self funding public sector pensions. Measures like only indexing the first £10k of public sector pensions in payment would contribute strongly. - Public sector payrises only apply to the first £30k. Above tha
  7. If they are contractors they can simply give themselves a huge payrise, collect it for 3 months to get the bank statements to show the lender and then cut their salary back down to min wage + a bit to avoid the taxman taking an unhealthy interest. Its wicked and cynical but legal.
  8. Its totally right to look after service personnel. But. I have a friend in the RAF at a senior rank and the way they have tweaked every freaking allowance and claimed for every bloody uplift despite never going within 100 miles of a front makes me sick TBH. Joined just before the Falklands but was well out of harms way in Scotland and elsewhere. Never been to NI AFAIK. Currently they are engineering their own redundancy at the optimum time to max out the payout and early pension. I did feebly suggest at one point that maybe trimming the personnel costs, esp. pensions might allow more equ
  9. Correct, but - curtailing unfunded public sector pensions is facing reality, whereas removing money from properly funded private pensions because 'other people need it' is theft and an MP who votes for it should be prosecuted. I may be biased having reasonably good rights with a couple of private corporate schemes, but surely funded pension rights have to take precedence over unfunded promises? Its going to be very interesting to watch the reaction of politicians to younger people's anger at being poor vs. older people's anger at being stolen from. Who do you think they will ultimately side
  10. Erm, few issues here - what is your source for "Much of the sub-prime mortgage sludge was sold to pension funds". What % is "much", which specific MBS products were sold by whom to which pension schemes? Co. accounts are separate from pension funds. Its a non-return valve from one legal entity to another completely separate legal entity. The only way to 'withdraw' money is a contribution holiday. There have been too many contribution holidays, that is true, but some companies are now making overpayments. For example, under the accounting rule changes the Computer Sciences Corporation UK
  11. Like me it sounds like you are living, at least partially, on money you have already saved up. This allows a contractor to pay a low salary & therefore very little tax - especially with the forthcoming 7.5K tax allowance. Later on a substantial amount of tax can be avoided (ie legally) by winding up the Ltd and taking a entrepreneur's relief capital gain. Obviously this is all premised on deferred gratification. Frankly it amazes me that so many freelancers go for the leased BMW M3, expensive meals and holidays without sitting down and working out the horrific taxation cost (and risk)
  12. They are going but are just under the wire so 'only' paying 3k fees plus the older one has a modest bursary. Another good example of the dominance of timing in the affairs of man.
  13. The morality of property ownership is a vexing question. Its not only avaricious landlords that buy up properties although I agree that is a big problem. Something I have been mulling over for a good few years is timing 'luck'. Eg. being a young hardworking person just as the economy enters a period of growth and house prices are historically low is 'lucky'. The cycles are so frickin' long that its a long wait for a similarly able youngster born a little too late. I benefited from this 'luck' in the mid 80s but I'm not convinced my 2 boys, now 18 and 20 will, so I will have no hesitation in
  14. Its The Burrow (Ron Weasley's house) after a sound beating with the ugly stick: Well actually, IF you don't live nearby, otherwise, :angry:
  15. Aye - so, logically, it is critical that this mechanism is understood and acted upon however late in the day through gaining knowledge and taking steps to, at minimum, stop the rot in their financial circumstances, and at best rectify their situation and adopt more prudent strategies going forward. Fail to see how denial and refusal to engage with the reality helps them in any way whatsoever.
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