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nicebuyer

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Posts posted by nicebuyer

  1. Can we leave the faux sympathy at the door please, it's called life and sometimes it can be a bitch. <_<

    I could of course use a similar response to those moaning about not being able to afford a house, could I not? Tough luck "it's called life and sometimes it can be a bitch."

    Or those losing under repossession orders? it's called life and sometimes it can be a bitch.

    Or those living in abject poverty? it's called life and sometimes it can be a bitch.

    The homeless? it's called life and sometimes it can be a bitch.

    It seems that some people like all the sympathy to go their way but not anywhere else.

  2. The government have not, as far as I know, passed laws limiting the production of DB9s.

    They have passed lawas limiting the production of houses.

    We all need a shelter.

    We can do without a car.

    See the difference?

    I'm not arguing about the right to housing, I'm arguing about the right to buy. Next time, to save me the trouble of replying it would be good if you could read the first part of what I wrote so that the second is in context. Otherwise it's just lazy and creating straw man arguments.

    We all need a shelter.

    I'm in Spain right now, no major need for bus shelters here at this time of year so you're wrong.

    See how easy it is to build a straw man? Crikey. Context man, CONTEXT!

  3. What a wonderfully simplistic generalisation. While a house may be an inanimate object to you, for my wife and my young boy, it is a home. It is a secure place where they have the emotional security and assurance of knowing they can't be turfed out at the whim of a mercenary landlord, with all of the social and psychological benefits that that brings. I have no, as you choose to put it, "obsession with needing to 'own' a house", however, I would very much like for my family to own a humble home on a relatively trouble-free estate in the suburbs of the City where I work.

    Oh don't be so melodramatic. 'Turfed out at a whim'. Unless you're signing contracts blindly then that is not going to happen. You make renting sound like modern day slavery. The fact is there are many benefits which you conveniently ignore and renting privately does not make one a second class citizen nor make the home any less of a home than if you rented it off the bank. Some might argue it's less secure renting off the bank the way things are going anyway. And let's not forget there are millions of people feeling very secure in their rented homes, I grew up in a rented home as do millions around Europe. Again, this obsession with owning a house is a very peculiar British trait.

    I stated in my original letter to my MP that my aspiration was to own a 3-bed semi in the suburbs of Bristol. The analogous equivalent in car terms would be a Ford C-Max or a Renault Scenic - a functional car for a small family that allows you to go about your daily lives without trying to impress the neighbours.

    The analogous equivalent in housing terms to your DB9 would be Beckingham Palace or some similarly garish exhibition of wealth with monographed gates - probably owned by a footballer and his WAG.

    Okay, well let's change the analogy if you don't like it. When i was 17 I couldn't afford a C Max. Should I have written to my MP demanding action on car prices?

    What about those that have debts and no possibility of getting a finance deal on a car? Should they write to their MPs complaining that they cannot afford to buy?

    And those that simply have no money at all and couldn't afford £250 for a car? Should your MP fight them to receive a car with their next benefit cheque?

    1) The list price (according to parkers.co.uk) for the DB9 V12 Volante today is £122,817. The list price (according to parkers) for the DB7 Volante in 1997 was £90,125. That's an increase in price of less than 50% for a product that is vastly superior to its equivalent from 1997. The average house price in Q1 2008 (according to Nationwide) was £179,363. The average house price in Q1 1997 was £55,810. That's an increase in price of more than 320% for a product that is arguably inferior to its equivalent from 1997.

    I'm not sure how that is in any way relevant. but you are picking and choosing a little aren't you? You might like to look at the list price of a GTO 250 and compare it with the housing market. In any case, high % increases in housing prices have nothing to do with your right to own. You're going off an a tangent here.

    The fact is it would be nice if housing was cheaper. Not too much mind, that would leave too many ordinary people in a lot of financial difficulty which I wouldn't want to see. Just enough so that if one wants to buy a house then they can. Ultimately I think we agree on this, where we have a difference in opinion is on people's right to buy a home. It's not a right, it should never be a right. Housing is essential, owning it is not (especially when one doesn't really own it anyway, for most people it's just an expensive form of renting) I think we would all be a lot better off in fact if no one could buy houses and everyone had to rent.

  4. I personally base a fair bit of my house price predictions on average salary/average house multiples.

    The one thing that has struck me though is that I have pretty much always assumed average salary would stay the same or go up,mainly because it always has.However,the reality of the next few years is public sector and banking lay offs,both sectors which employ higher than average earners.

    In the last ten years according to Moneyweek,we have gained a million on the public payroll.There are few I would presume working for the minimum wage.

    In banking,bonuses will be restrained not only as the stock market underperforms but also as the slicing and dicing of mortgage debt is no longer a nice fee earner.And that's before the banks enter hibernation mode.

    The average earnigns figure is also kept up by the level of benefits that are available.Will these decrease as tax receipts dry up?

    Sticking my neck out,I see average earnings at £21k in 2009.

    Does anyone have a view?Does anyone know a good source of information on average earnings through recessions?

    Thanks

    I have no evidence for this apart from my own personal experience but I wonder how much of the national wage is made up of banker's bonuses? I reckon very very little. People often think that everyone in the industry gets a whacking big bonus. That's not the case. Even if bonuses dropped by 50% I doubt it would have that much of an effect would it?

    I stand to be corrected though, I could be wrong.

  5. pollution

    It's not so bad.

    knife crime

    Not a problem is you're over 14 years of age.

    high rentals

    Wage covers this

    high tube fares

    Wage covers this

    huge traffic congestion

    Helps keep down your first point - pollution.

    arrogant southern attitudes

    If you have it you might as well shout about about it :)

    Massive overcrowding

    A bit like the prisons that all them from 'oop North' go to then? ;)

    London - great city, great existence.

    Nice place indeed!

  6. You must be weighed down with grief a lot of the time then if you always feel sorry for people who lose their jobs - around 2001-2003 when half the high-end technology sector was laid off and R&D and IT jobs were outsourced in their millions you must have been clinically depressed!

    Strange the way we're supposed to feel sorry for people in a speculative sector that preys on people's ignorance and precipitates unstable boom-bust cycles yet people in science and engineering and IT are just expected to deal with the fact that their jobs can be outsourced at any time, are inherently insecure and generally low-paid relative to the high skills base. Many banking / accounting types are in fact responsible for others losing their jobs as they promote outsourcing to cut costs and regard R&D as a waste of money.

    Can't I feel sorry for anyone that loses their job? Because I do. I don't think it's an either/or situation really is it? Feel sorry for bank employees and therefore can't feel sorry for IT employees? That would be insane not to mention a little strange :)

    P.s I work in the high end technology sector and have done for many years, I wouldn't say that half the high end sector was laid off between 2001/2003. Unless you're talking about a different industry, perhaps that's it.

  7. Yes, excellent letter. I fear though that the desire for HPI is hard-wired into the UK's psyche.

    It's a source of fascination to me that the occasional half-wit who visits this forum from time to time is not able to distinguish...

    A complaint that a laissez-faire attitude to absurd and unremitting HPI over the last 10 years should be followed up at what appears to be the market's zenith by an all but explicitly expressed wish to support and resist its counter-motion to a right and proper correction.

    from...

    The plea; "I want to buy a house and I can't afford it, please will you make them cheaper".

    But that's nothing when seen against the stupidity of the fatuous comparison between the rights to the privacy of a modest room of one's own and one of the worlds most expensive cars...

    No wonder this country is fooked. Strewth!!

    I think much of the letter the OP wrote is fine. I simply have an issue with using the fact that one cannot afford to buy a house in a particular area as a good argument why the govt should work towards lowering HPI.

    There are many reasons the govt should do something about the situation we're in, not being able to afford a property is not one of them.

    As for comparing a car and a house, why not? You don't NEED to own a house anymore than I NEED to own a DB9.

  8. I wholeheartedly agree with your first statement.

    However this fact (and since the UK government signed the Mastricht access to good quality housing is a right not just a noble aim for wigs) destroys your entire analogy comparing housing to cars.

    After all. The EU does not grant us a right to drive good quality cars!

    It does actually! In the form of tax and fee breaks for greener cars? :) Anyway, we should have a right to housing but that doesn't equate to a right to buy that housing.

    There are two points. The OP could still buy a house, just not where he wants to buy it. I'd love to buy in Chelsea but I can't because I don't earn enough money. I could buy a lovely big house in Hull I imagine.

    What if I'm 16 years old, earning minimum wage and want to buy a house in Notting Hill? Should I be given the right to do so? Should I complain to my MP that I cannot afford to do so? That I cannot afford a mortgage that enables me to?

    I wonder, are you writing to your MP to demand action because you cannot afford to buy in the places you would like to live? Why not?

  9. I wanted to buy a little TV for the bedroom at Christmas. Decided to wait for the sales. Budget = circa £300.

    Walked into Currys and spoke to a sales guy (SG).

    Me: What small LCD TVs do you have for under £400?

    SG: They're on the shelf over there

    Me: Sure, but could you

    SG: Hang on mate.. (proceeds to speak to another sales friend)

    SG: Sorry, what was it you wanted?

    Me: What small LCD TVs do you have for under £400?

    SG: Most are in that corner, have you checked out our website?

    Anyway, against my better judgment I ended up buying a TV from them. I got it home, plugged it in and there was an LCD smear right through the middle of the screen You could only see it in the dark but it was obvious. That's when the real fun started. The next day we returned to Currys for a refund. Sounds simple doesn't it? After braving the hour long queue for returns I managed to speak with someone. "Could I get a refund please?" I asked.

    "No. We need to test the product." Okay, fair enough I suppose, so we unpacked the TV and showed the person the fault.

    Him "Well I can see something's wrong"

    Me " Well may I have a refund?"

    Him "Let me get my manager"

    Manager "I don't see a problem"

    Me "Well everyone else can"

    Manager "Ah yes, that must be a manufacturing fault"

    Me "Great, I'll have a refund"

    Manager "No, we need to test this further and keep it"

    Me "I bought this yesterday, I'd like a refund"

    Manager, Well all the TVs are like this in this range"

    Me "Yes, well it's a fault and I'd like a refund"

    At this point the manager laughably said I could have an exchange for the same model.

    Me "But you said that all the TVs in this range have this fault"

    Manager "But I don't see a fault" he says.

    Me "You said you did"

    Manager "Well you can have an exchange:"

    I'll never shop in Currys again. Went to john Lewis, got the TV after a 5 minute wait (not 30 minutes like Currys) service with a smile and a free 5 year guarantee on the TV, no questions asked.

    I'm not surprised DSG are having problems!

  10. For me to buy a humble 3-bed semi for my young family in Emerson's Green today, I would have to have a deposit of ~£20k plus stamp duty and other associated costs taking me close to £30k. I would then need to saddle myself with a loan equal to 5 times my annual salary. I simply couldn't afford the repayments on such a mortgage - and that is at today's interest rates, let alone what they will be in a year's time when Mervyn & Co increase them to try to check the rapidly climbing inflation.

    Like other replies you're basing some of your 'complaint/issue' on the fact that you cannot afford to buy. Let me first say that everyone is entitled to housing. Not one person should ever find themselves on the streets. Everyone should also have quality housing, not some run down squat.

    But I'll ask a question that your MP is unlikely to, so what if you cannot afford to buy a house in your area? If you can't afford to buy then don't. Rent instead. Not everyone has the money required to enter into the property market. This obsession with needing to 'own' a house is partly what got us here in the first place. My grandparents never owned a house. My parents didn't own until they moved here from Germany. The majority of the people in our Frankfurt office, (although they have the money), rent as well.

    I often hear people harping on about not being able to afford to buy and using it as part of an argument as to why prices should be lower. I don't get it. If you can't afford it then don't. I can't afford a DB9. I could get a loan, saddle myself up with debt to get one but I accept that I don't earn the wage to own a £120k car. I certainly don't write letters to my MP about it.

    -----

    Dear MP

    You really need to do something about new car prices. If I wanted to buy an Aston Martin DB9 I would have to have a deposit of ~£15k plus road tax and insurance and other associated costs taking me close to £17k. I would then need to saddle myself with a loan over a period of 5 years! That's without taking any extras into consideration. I simply couldn't afford the repayments on such a loan. It'll be even worse in 2 years when interest rates increase. What am I to do?? Please help.

    ------

    We all want house prices to decrease but the fact that one can't currently afford to buy a house is not a very good argument.

  11. Uni has recently been described as "the new YTS" i.e you take young troublesome thickos and send them to uni to get some watermarked piece of paper which they have been brainwashed to think is the key to the world, and you make them pay for the priveledge (YTS never did this). What is your take on this?

    I'd say I agree that this is exactly what's happening. There are simply too many people at university and as a result the standard has declined. You can now get into university with two E grades, what the point of that is I don't know. The result? Millions of young people believing that they have somehow earned the right to be paid big money. The fact is that for most of them they would have been better off learning outside of uni already on a career path with money in their pockets. How many jobs really require a degree in psychology? Or sociology? Sure if you're looking at it vocationally but very few do end up in the relevant field. I would sometimes prefer a young, motivated kid to come in at 18 and start learning than go off to Uni, come back 4 years later after having learned absolutely nothing relevant not being tested at all because he went to some crappy uni and read some easy subject. My child will go to uni only if it makes sense for him to do so.

  12. I think you have got that number of Universities about right generally, but I know quite a lot of people who have done very well in City careers with degrees from ex-Polys. It is possible, you are just a lot less likely to get the opportunity.

    Sure, it's not unheard of but the odds are against you. If you have the right contacts, a good aura about you and a lot of confidence then anything is possible. But you'd be one of the lucky ones. My wife is one of those :) American studies I ask you. What good is that to anyone but she somehow managed to find a decent job :)

  13. My first child is due tomorrow (eeek)

    So, for procreating, I get £150 bonus payment, my child gets a £250 child trust voucher (£500 if I qualified for child tax credit) and again at the age of 7. We'll also get nearly £1000 per year in child benefit, all paid out of the tax I pay.

    I'd much sooner pay less tax and spend my own money the way i want to thank you very much.

    Congrats, I hope it goes well. Bring sarnies and cold drinks, you'll need them :) Mine popped out a couple of weeks ago, Ive not slept since :) And I agree, I would much rather pay £1k less in tax a year and spend it how I see fit rather than getting it here and there.

  14. I agree with that. The problem is that is not how the current system works. When I was at school (admittedly a while ago now!), if you showed any form of mental ability by the age of 16 you were expected to go the A level and degree route regardless of whether you were good enough to get to a top university or could only scrape in to do a Media Studies course at one of the worst ones.

    A lot of people that I know would have been far better off training to become a tradesman or going into retail management, but this type of choice was always discouraged regardless of the abilities of the individual. I am sure that the few kids at my school who showed zero aptitude and were therefore not 'forced' along that route are now doing better financially than a lot of the ones who were.

    It was exactly the same thing with me, and unfortunately I pushed the same ideas onto my brother. He was never the academic type but I convinced him A Levels and a degree would be a good idea. The problem was he failed his A Levels, he got three Es I think but fortunately he recovered and used his skills properly. He'll be on £45k as an area manager in the near future, much better than anything he could have achieved going to some crappy Uni and reading something easy.

    Currently 40% of students go to Uni. In reality only 2% (maybe less?) read good subjects at the right University. We all know it, I know it when the CVs come through the door, it's a shame because many of these kids work hard but will never get the gold at the end of the rainbow because they cannot compete with the guys at the top. So they end up in jobs they never really needed a degree for in the first place. Even worse, they come out on £25k with £15k worth of debts, no decent wage for a deposit on a house or car and end up spending the next 10 years recovering so they can be in a position they were in before they left Uni. I could name 100 courses and ten Universities you should go to, if you can't get in then you really ought to consider doing something else, you will be better off.

  15. The thing is that the City jobs are not available outside the SE. It is not an automatic decision for most people to go into the City if they have ar 2.1 or better degree.

    The majority of graduates will work for 'normal' companies outside of the financial services or law arenas. In most industries in the SE, it takes at least 4 or 5 years to work up to a £50k salary from new graduate level, you don't just earn that much straight away.

    The City is a very different place with it's £100k per year PAs and £150k junior anaylsts. These institutions employ a very small precentage of the overall workforce, and salaries are generally a fraction of that elsewhere.

    At the same time, I do think the post that you responded to was unusual - surely the majority of graduates would be earning more than £30k after 5 years or so? If not, then a degree really is worthless.

    I guess that was my point, if you do have a good degree from a good Uni then you would end up in the city hence those grads get good wages. Where I think the results are skewed is by grads that did a course like sociology at Humberside University or Leeds Met. Those grads are of course going to be struggling to get a wage above £25k. It brings into question why on earth one would do a degree. My brother failed his A Levels and went to work for ASDA. He's now on £30k working for another large department store. He's 24. Why bother going to Uni, earning less than £30k ten years later and coming out with £15k debt?

  16. Really? Here's the real dilemma.:

    and in case you haven't noticed that's just three days between posts.

    You can keep pointing it out all you like, I'll keep answering it the same way. I am not investing in property, I am looking for a family home. I do not expect to see any gains from a purchase right now, who would? The fact that you keep specifically targeting something I have said and keep doing so in multiple threads speaks volumes about you. I've now answered your point on multiple occasions, you seem to be missing that and then regurgitating what you've already said. Since coming on this forum I've noticed that it's this kind of behaviour that makes people feel unwelcome and really gives the place a bad atmosphere.

    I'm not interested in a 'mine's bigger than yours competition', I'm not interesting in 'winning' anything, I simply like to have a sensible discussion where opposing views are heard and we arrive at a sensible conclusion. If it helps I will even concede that you are more intelligent, funnier, richer and more educated than me. You are right, I am wrong. Now can we move on and stop with the silly comments. I really have nothing to prove. Thanks.

    P.s, The same goes for the bloke above, Bloohoo or whatever. Aha, there is an ignore function! Clever stuff.

  17. Errrrr.... no. I am afraid you are talking absolute rubbish.

    I graduated ten years ago from a very prestigious red brick, and the only people I know that have earned over £30K a year since then are those that went into the City, went into law, became a doctor or set up their own businesses.

    The average starting salary for an economics graduate is £22K pa. I know. I work in a university.

    Ten years ago is not today. I'm sure starting salaries were lower 10 years ago. Today, as long as you do a decent degree at a good university something is wrong if you're not earning £30k+. Indeed, the guy above went to the figures from Prospect to show that at £20k one would be in the bottom 10% of graduate earners. Part of the problem is everyone thinks they have a 'good' degree from a 'good' Uni. Generally they're at Middlesex Uni studying sociology or something.

    Anyway, you work in a university, of course wages for those going into education will be lower. As for your average £22k for an economics grad...maybe the one's at your Uni are just poor students? Honestly, there's not one person from my course that earned less than £40k first year.

    You also don't leave out many jobs from your list:

    " City, went into law, became a doctor or set up their own businesses. "

    What else is there? If you've got a 1st or 2:1 from LSE for example then you're bound to work in the city aren't you? What else would you do? Go to a village and sell fruit? My point still stands, if you have a good degree from a good uni and are earning £18k a year as a grad then somewhere, something has gone wrong. Heck my wife studied American Studies and earned more than that in her first job, that was 8 years ago.

    I really do believe that there's a lot of bad advice out there for grads. The jobs are there, they can get them, they just need to know where to look and what they should be looking for. With commission you could start in recruitment at over £30k a year. Any numpty can do that.

  18. Are you an American tourist?

    I cannot think of many less pleasurable ways of spending one's time. But if you must be permanently entertained by having money extracted from your pocket in this way, then London sounds like Nirvana.

    I'll settle for a good book, some fresh air, rolling countryside and radio 4, but enjoy your day out in the metrolopis.

    :) No, just someone that likes to use the facilities we have around us. There are so many people living in London that never actually reap the benefits of doing so. they pay the high rates. house prices etc but then never get out to see the place. The countryside is nice, granted, I like a trip out every few weeks but seeing the sights in London is wonderful. Don;'t forget that some of them are free, the Natural History museum for example, and the others, yes we pay for them but then we also get paid a fair amount to live and work here so it all evens out.

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