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House Price Crash Forum


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About joe_

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    HPC Poster
  1. Essex's Local Authority Mortgage scheme was agreed last week: http://www.essex.gov.uk/News/Pages/First-time-buyers-to-get-support-getting-on-the-property-ladderFirst-time-buyers-to-get-support-getting-on-the-property-lad.aspx There was a discussion on BBC Essex this morning between a Conservative Councillor and a UKIP Councillor, with UKIP being against the scheme because of the risky lending. I'll stick up a link when it comes up on listen again.
  2. I think if everyone knew the answer no one would be on these forums I am in pretty much the same position. I could buy somewhere now, but it would not be what I would want and the best case scenario would be interest rates and prices stay the same - even then I wouldn't pay it off till I'm about 60. If rates when up I'd probably have to sell and lose money. I also hate paying some landlords mortgage as well. I'll probably end up renting for a few years and try to just relax and get on with life. If nothing changes then, maybe get a place up north.
  3. I never really understood the plan behind Right to Buy. If a council tenant can afford to stump up the mortgage required to buy their council home, shouldn't they have been told to rent privately and the house go to someone who couldn't afford to rent/buy?
  4. I must say I am shocked at the level of benefit. What's worse is that I realise now I could have claimed for the last 10 years - I always thought I was earning too much to claim. It's quite tempting to just splurge my savings on the good life and then when I run out decide to start a business and have any shortfall topped off from benefits.
  5. Seems like a common thing, I have colleagues like that. No documentation at all, no comments - And that's if I'm lucky to find an up to date version of the code. The bosses are not developers so it goes unnoticed. At first, I would clean the code and document it as I went along, but then I thought why should I waste my time doing their job when I'm not getting paid any more for it? Also, if a developer writes unmaintainable code, it keeps them in a job for life.
  6. Suprise, suprise - No mention of price to income ratios or the fact that houses are just overpriced.
  7. Just had a letter about my account. The 5% is dropping to 3%, and also some other changes (you can now put in as much as you want up to the £50,000)
  8. Yeah, there's definetely more people trying to grab a bargain, I notice people trying almost to sell anything on the freeads/ebay, whereas before they may have just dumped stuff.
  9. Yes, to the middle one. What people have said here has confirmed a lot of what I was thinking, and yes as mentioned above your outgoings do make a difference. I guess the real question I should be thinking is what should I be doing to improve my situation now.
  10. I certainly know a lot of people at my workplace in their early 40s and bought at the bottom in 95, and have now paid off their mortgage thanks to low interest rates. I can imagine that gives you an awful lot of disposable income.
  11. I haven't had a pay rise at all since starting my current job (4 years ago), earning just below the median income for my age. Recently my commuting costs have gone up quite sharply (£60 more a month) I'm always hunting for bargains, and will visit 3 or so different shops to find out which has the cheapest for a particular product, making notes of prices on my phone, etc.. All around me though I still see people spending obsene amounts of money on stuff, and I'm always getting outbid on ebay by huge amounts, car running costs going up, etc.. I'm not struggling to live or anything like that, but I am finding it hard to put away the same amount I used to towards a house. Are people still borrowing to spend? Are they living a lie and going without elsewhere? Or are they just earning a lot more than me?
  12. I haven't had much luck with freecycle. I've given away lots of things, but never been able to get anything. I think I've replied to about 10 or so offers, but never got a reply. I suspect the moderators are cherry picking all the good stuff, as I once saw a taken email appear before an offer, and the emails come in very odd orders sometimes. Charity shops - Not much luck there either, the prices are getting more expensive every day. The music albums are about £16 each (cheaper to buy mp3s!!) and anything electrical carries a massive premium even if they are decades old. I'm always trying to bargain hunt now as inflation has reduced my spending power, but I'm finding it almost impossible to find a bargain these days.
  13. I see this at work, people claiming they are totally skint and the next day spending £800 on a holiday. Maybe it's all on credit cards so the wage just pays of the monthly amount, and when they want something it goes on the credit card? Yeah, I bet a lot of people don't buy much food, and don't have a lot in their fridge. I know a lot of people who eat out or get takeaways most days - One person I spoked to said she had never used her cooker, ever!
  14. What's the point of living if you spend your whole life distracting yourself and working as something to do? Work to live, not live to work IMO. When (if) I retire I will have plenty of stuff to fill my time - There's so much stuff I want to learn and do, languages, instruments places to visit..etc. However I expect it will be a bit like the twilight zone episode "time enough at last" where when I finally retire I'll be so ill I won't be able to do jack squat.
  15. It definetly happens with cars now - I used to remember when old cars would sell for ridiclous prices £75/£100 (even running ones). Now with ebay I never see much drop below £500. The price of scrap metal probably has something to do with it as well.
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