Jump to content
House Price Crash Forum

greenalien

Members
  • Content Count

    306
  • Joined

  • Last visited

About greenalien

  • Rank
    HPC Regular
  1. ...when the population was a somewhat less than it is today - 10 million at the start of the 19th century, 30 million by the end.
  2. So - today you turned 21. That means that you'll probably live for another 60 years or so, if you're lucky. During that time, you may - or may not - pursue a career, have a family, buy a house / car / holidays, become an alcoholic or a drug addict, manage your money carefully, become a reckless spendthrift, retire in comfort - or in poverty. It's your life, after all. Your choices. If it works out OK, you will be able to congratulate yourself on your intelligence and wisdom; if it doesn't, you'll probably blame the government, who you'll vote out of office in favour of the next bunch of self-serving cronies. Older people will probably try to give you advice based on their experiences, but the fact is that history, by and large, doesn't repeat itself, so learn to take any such advice with a pinch of salt. One thing's for sure though - money is much harder to accumulate than it is to spend, and life with some cash in the bank is a lot less worrying than when there isn't any. If there's one lesson that will serve you well, it's this - learn to live within your means, and put some money away for a rainy day. Happy Birthday!
  3. This is not as simple as it may initially seem. Firstly, if the house has been inhabited for a period of time by a senior citizen who has been steadily declining in health to the point that they are forced into care, there's a good chance that the house will need major renovation before being rentable or saleable - not least, it's likely to be pretty smelly and require full redecoration. Secondly, it's not just the house, but the contents - many people's houses have a lifetime's accumulation of posessions which would have to be put into storage before the house could even be renovated. In both these cases, a considerable amount of up-front cash is required, and while this may be forthcoming from any relatives once they have secured their inheritance, it's quite a gamble to undertake while the owner is still alive, since they could (and sometimes do!) decide to alter their wills on behalf of the local cats home / donkey sanctury on a whim. And as has already been said, many people go into care expecting it to be a temporary measure 'while they get better' (that's why they're often called 'Rest Homes' I guess). What would be more sensible is to attempt to persuade any elderly relative who's living in a big house that they'd be more comfortable in more compact, practical, warmer sheltered accomodation, and get them to get rid of the larger property and its contents as a matter of choice rather than coercion - don't leave it until senility sets in! A good time to do this is may be when they can't get upstairs without a stairlift...
  4. There is a brilliantly simple 19th century cartoon of two farmers sweatily tugging at a cow from each end; it's obvious that each is claiming ownership. Underneath the beast is a bewigged and smiling gentleman sitting comfortably on a stool milking. The drawing graphically illustrates a great truth about litigation - that the lawyers never lose... (BTW - if anyone has a better image of this, and there are a number of variants, please upload - Google images only came up with the small version which is attached...)
  5. ...may have been true 20 years ago, I think that, apart from the infrastructure, the Indians and Chinese are pretty much ahead on most of these counts - and how many Americans - or Europeans - speak fluent Urdu, Bengali or Mandarin?
  6. Good programme, that made some interesting points other than those on fixed sterling-based income having a hard time : 1) 3 million empty properties, including 1 million unsold newbuilds 2) Spanish economy very dependent on the building boom (13% of GDP at height) 3) Nightmare bureaucracy so that even people with apparently good paperwork now finding that their houses aren't legal 4) Lots of criminal sales practices still going on, especially to the gullible and ill-informed They also pointed out that one of the major problems with the Brits was their failure to learn the local language, especially the specialist terms associated with property, and their tendency to cluster together in developments that were nothing more than expensive ghettoes - nice for a short-term visit but not suitable for the long term. Furthermore, developers are still keeping going, attempting to turn unspoilt valley that already had a water shortage into a 4000 home development with a golf course. So how come Santander still seem to be so profitable - that's the thing I really don't understand...
  7. It is free - it falls from the sky - how much more free do you want it? (Of course, if you're too lazy to collect it yourself, I don't think that gives you the right to say that someone else should collect it for you but not charge for their effort...)
  8. This article trots out the same old - and incorrect - chestnut that average house price is directly related to a multiple of average salary. This is just plain wrong - it is only true for first time buyers, who will be seeking a mortgage based on their salary and have no equity, so need a deposit to compensate for this. Many people, having bought their first house, subsequently trade up as a result of putting more savings, bonuses, inheritances etc towards a better property. Such sales put up the average house price, even if salaries stay the same.
  9. Low pound = more expensive imports. Sony have said they expect their prices in the UK to rise by up to 30% soon.
  10. I was chatting to a friend of mine last week, who had accumulated £40 of Virgin Mobile points - he had planned to get a new phone with them but was unable to complete the deal due to problems with Zavvi - looks as though anyone with Virgin points needs to check where they stand.
  11. Sony planning New-Year price rises of up to 33% Article here ...so buy that big telly now!! (or not!!!!)
  12. If you are saving for retirement, like most people eventually have to, the lower the rate of return from interest, the more you need to put into your fund yourself - (assuming you are working to a savings plan, which is generally reckoned to be a sensible thing to do) - so less disposable income to spend on discretionary items like meals in restaurants, holidays abroad etc.
  13. Bottom line - if it's taken 8 years for you to save £8000, and that's the best you can do, you can't afford to buy a house. Now you're thoroughly depressed, let's try to do something to make you feel better. If you both agree that home ownership is the most important goal in your lives, you need to start saving a lot more, which means both of you working as hard as you can for a few years to get there, no luxuries, no holidays, cheap banger for transport etc - or forget about buying and rent somewhere you like and get on with having kids - house ownership isn't everything that matters in life, you know!
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.