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bearwithasorehead

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Everything posted by bearwithasorehead

  1. Op has answered own question - if rent is 3% of price to own then keep on renting! Life's too short otherwise!
  2. yeah, I was kind of being provocatively ironic with the hangover word. Actually the govt there and companies like VW hate that so many people own property - it means they have less leverage over the proles. However, people being people and the difficulty of passing on property if you have more than one kid means that within less than a generation the whole debt bondage will be as bad as here. And they pay their auto workers not so well in comparison to Wolfsberg.
  3. High home ownership in Slovakia is a hangover from the socialist period - it's a major source of intergenerational inequality and so within a decade or so they'll be in a similar position as us.
  4. I really hope my complete twit of a sociopathic smug colleague who bought a Hackney BTL for 500k last year gets completely rinsed. He earns 55k. I really, really hope so.
  5. Top management get top dollar, everyone else has had near zero pay increases meaning erosion in real terms over last 6 years or so. Massive lack of transparency at prof level and above. Lots of informal bargaining which means the weaker the management, the more likely the system results in the 'loudest' voices getting heard
  6. This. Quite shocked when one of my secret HPC colleagues bought a five-bed new build and an Audi A7 (?). Eventually the status bug infects all the non-zombies.
  7. Yep, that's me. And the irony is, the missus and I are even thinking we don't want to keep any money in this country anymore. Considering leaving the UK now.
  8. All I want to know is when I should look to buy a mobile phone online from Amazon.
  9. This is my thinking on why I won't ever move from my poky three-bed semi, even though now I need more space.
  10. My costs (incl. missus and two kids - various feckless relatives who need bailing out) - just because they seem so much higher than others here: Housing 400 Utilities 145 (big gas bill in cold house) car costs 130 Food 250 Work/Travel costs 200 (have to do a lot of international travel for job and a lot comes out of my own pocket!) phone, internet, tv licence 45 all insurance costs 65 2x life; employment; house, dental. council tax 120 kids school costs 30 sundries 400 (clothes, luxuries, etc) About 1800k a month. Would love to cut it down, but at the moment while the kids are growing up I don't want to socialise them into my own inner penny-pinching ways. Go out a few times a month, buy treats, lots of international travel. Before kids, looking back at my spreadsheet it was about half of the present expenditure.
  11. Generation rent on Radio 4 about an hour ago. Piss poor radio skills and struggled to get argument across - mainly about lack of social housing. Then Anne Power from LSE came on and was equally poor - mainly arguing we just need to increase housing density!
  12. What's so disturbing is that he clearly thinks that we have access to that money as debt, etc.
  13. I also thought I had some good news. A neighbour in his 50s - early retiree. His mum in 80s died leaving him a run-down bungalow. He spent a year doing it up. He knocks on my door: 'I want it to go to a local family, don't want it on rightmove: would you be interested?' Yes, I say, cautiously. We look round it. It's about 150sqm - two nice big dormer rooms and a downstairs bed as well. medium sized garden with a double garage and office space. Locally on a good road. 'How much do you think it's worth' he asks us. 'Well, I don't know', I lie. Turns out he wants what an EA has told him it is worth: HALF A MILLION POUNDS! (in an unfashionable N Worcestershire town)
  14. Thanks. Everyone trying to talk me out of going to the States. But I have to say, looking at the property you can get there is eye watering. I could treble my current floor-space and garden for what my current UK house is worth.
  15. Thanks. It's East Coast, but cheap area. What are property taxes like?
  16. Just been offered a job in Midwest. Better money, bigger job, more potential long term and lots of other positives. But I'd rather not live in the midwest....... I know there are threads about life in US, but any insights, across the pond?
  17. I agree with this. I think perhaps we misunderstood each other previously - and we are not even machines (well I'm not). But without strong AI, there can be no really effective real-time translation (or substitute any qualitative interpretive cognitive activity that humans do). Correlation, some gist, sure. But that's not what language is generally used for. And I don't believe in strong AI.
  18. Bit surprised at you here Sceppy. Isn't that a bit of an exaggeration? Machines will remain quite poor at even translating even basic human language interactions for some time - perhaps another 50 years. It's a bit like fusion energy.... always tomorrow. Indeed it was in the 1950s that this was supposed to be shortly solveable. But the best machines have only got 25% of the way there so far. And as for classifying images - well - similar stage really.
  19. Love the end of that - 'untenable' and untennantable! A Barratt spokesman said: “This development was completed at a time when the buy-to-let market was thriving. “Barratt, like most other housebuilders, sell our properties to those who want to buy them and have the resources to do so, which includes private investors. “We do not discriminate against buyers on the basis of whether they intend to let or occupy.” City Factoring boss Gary Mitchell claims his firm were forced to withdraw their services from Kingston Quay after residents took out an interdict against his company. He claimed the wrangle has resulted in the building no longer being insured and said its policy expired on May 23. Mitchell added: “The situation is untenable.”
  20. No doubt you are right. For example, the amount any organisation and business has to pay directly (on property) and indirectly (on salaries for workers to afford property) is a major drag on the real economy. However, if there is a crash, as a lot of the money is debt-issued mortgages, the money will not suddenly be available for other things as it will be written off - destroyed.
  21. Agree. Even in not so fashionable W mids town I'd say at least 25% needs to come off for liquidity to return.
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