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Dr Renter

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  1. We’ve totally given up predicting the housing market. It’s powers of resilience know no bounds. 

    We have the added problem of living in Cornwall. Prices have exploded down here since lockdown as people realise that they don’t have to live in overcrowded city conditions. The cat is out of the bag and even If prices drop nationwide, they may well remain buoyant down here. Most house sales seem to be going to “upcountry folk”. Our village has a branch rail line and easy access to Truro and Newquay airport....

    We were accidental renters and thought, for once, that Lady Luck would smile on us in terms of property prices. No to be. We’ve bitten the bullet and bought, the only crumb of comfort being that our stamp duty liability is £15K less.



  2. People get really sensitive about the “value” of their houses and take low offers as a personal insult. We looked around a property last July, which was clearly overpriced by the EA. We offered 85% of the asking price, which was refused. 

    Two months later they dropped the asking price by a whopping 2% and we asked for another viewing. They refused because they were insulted by our initial offer ?


    2 months later it still hadn’t sold. Did they drop the price? No. They took it off the market and applied for PP to convert the garage, presumable to sell at an even higher price (they are downsizing so it ain’t for them!).


    I Wonder how our offer is looking now ??.

  3. 49 minutes ago, Grayphil said:

    Actually by giving them the choices is going to have to be the answer.. As long as they are informed of the risks, they should be free to make their own choices. 

    They should be able to be able to choose whether they recieve visits from friends and family etc or work, then they have made their own informed decision on whether to choose life or lockdown I guess. Same as smoking, no exercise, or eating fried chicken and fries 3 meals a day washed down with 10 pints.. If someone makes that choice the rest of society shouldnt feel guilty I guess? 

    Maybe you cant protect them, it's for them to do it themselves? 

    During a pandemic, there is more to consider than personal choice. The two main issues are transmission and limited healthcare resources. 

    Each Coronavirus case affects more than the individual themselves, unlike something like a heart attack.

    If we had unlimited healthcare resources I doubt we’d even be in lockdown at all. The super rich would isolate themselves and let the rest keep the essential services and economy ticking over. A relatively preserved economy would be given preference over a higher Initial death rate.

    Look at care homes. Why aren’t the government bothered? Because they don’t consume hospital services.


  4. Wow. Didn’t think I’d ever return to this board! I Was here in the good old days of 2008/2009..... that was fun!

    Eventually bought a house in 2010 and upsized in 2017.


    However, we decided to relocate to Cornwall early last year and thought we’d move into a rental for 6 months to make sure that our next purchase was our last. However, we couldn’t find a house to buy and are still in our rental...... praise the lord!

    Back here hoping for more 2008/2009 fun. My main battle will be to get the wife to wait.... she’s had enough of our small rental.


    I think there will be a lot of denial at least initially from sellers, its going to be fun to watch!


  5. Perhaps I should stop posting if it annoys you! On second thoughts, why don't you find something else to do with your time you rude son of a bitch!

    There are many in a similar position to me on this forum, one posted a few pages back on this thread.


    Do not like criticism, do we? I did not ask you to stop posting, just pointing out that your posts are getting repetitive. And if you thought I was being rude, I'd be interested in how you fare when the real insults start flying.

    No, he's very, very touchy. Probably because his STR dream has gone very sour. I'd take what he says with a truck load of salt. He appears to live in a parallel universe where house prices in the south east have been falling for years and his rent hasn't gone up in a decade.

  6. The idiot troll has a point though.

    There is no pension, Herr Doctor.

    Maybe so. But as it becomes clear that pensions are going south and with continuing worries about banks and economies, people are going to invest in BTL in ever increasing numbers. Not exactly good news for this site. As mutch as I hate The concept of BTL, if the NHS pension gets squeezed further, that's where my money may have to go.

  7. Wrong, I'm just sick of a*seholes going into careers because of a pension, rather than because they actually want to do the f*cking job.

    Teaching is full of these type of efforts too. Let's see them all get the same salary and conditions in the private sector or, lets see tham set up a business and work for themselves.

    Most are just useless. That's why they moan about pensions. If they don't like it, they can f*ck off and do something else.

    A pension scheme is a major factor in choosing a career, at least for normal people. Are you telling me that you didn't consider pensions when choosing your career path? I'm assuming not, hence your disdain for anyone who did.

  8. Good plan, so why do you give a toss whether the government takes back some of the cash that it can't afford to pay anyway.

    You'll be long gone.

    IMO, most public sector workers will be lucky to get any pension when the time comes.

    The UK will go down the tubes, just like the PIGS.

    The moneys all been used to bail out the banks and keep the property bubble afloat. Nothing left for pensions or anything else for that matter.

    Blame the banks and the f*cking idiots who participated in the housing bubble.

    Because i know how hard doctors and other NHS staff work in crap conditions. The NHS pension is the last remaining incentive to become a doctor. Without it our profession in this country will die a slow death. I shall certainly be actively discouraging my 2 daughters from pursuing medicine.

  9. Exactly, why don't you just come out of the pension scheme altogether and invest the contibutions yourself.

    You must know that the government and country are bankrupt. Why pay money into a system like that?

    You might as well just burn the cash.

    I fully intend to. I'll be a consultant in 4 years, I'll give it a few years to develop my private practice (plenty to go round in the Bath/Bristol area) and then wave bye bye to the NHS. My pay will be significantly higher for less work and anti-social hours, and I'll invest the surplus into a few things (maybe a few BTL). Sadly for the taxpayer, you'll have got very little value from the cost of my training.

  10. thats what they said.

    How about bonuses, attendance, courses, other emoluments

    ah here we go, from the same website you quote

    Clinical excellence awards for consultants

    Level 1 £2,957

    Level 2 £5,914

    Level 3 £8,871

    Level 4 £11,828

    Level 5 £14,785

    Level 6 £17,742

    Level 7 £23,656

    Level 8 £29,570

    Bronze/Level 9 £35,484

    Silver/Level 10 £46,644

    Gold/Level 11 £58,305

    Platinum/Level 12 £75,796

    And do you know how hard it is to get these excellence awards? Of course you don't.

  11. Anyone who earns between 80 and 120k a year for most of their working life shouldn't then be requiring the taxpayer to foot most of the bill for their retirement imo.

    Have you ever heard of saving and investing ffs. What the hell do you do with all that cash each year?

    Most want to live the good life and then when retirement comes, it's someone elses responsibilty to pay for it.

    Like I said, disgusting behaviour from a bunch of children kidding on that they are educated and mature.

    Wow, serious anger issues here. As previously discussed, doctors contribute more into their pensions than any other public sector workers except police (who retire much earlier). Thus the taxpayer funds less of our pension than civil servants, teachers, MP's etc.

    Let's take your figures.

    £100k per year. This will yield a £50k per year pension at the end.

    12.5% contributions over 30 years is a pot of £375k.

    If we take retirement age of 65 and life expectancy of 80 it gives 25k per year from the employee contributions alone.

    If the government used any reasonable investment vehicle they would have to contribute very little… and that is the current system. If the new changes get passed you'll probably get your wish and doctors will opt out of the NHS pension and the taxpayer will be left with the ridiculously underfunded civil service, military and education pensions.

    However, there will be side effects. The surplus that the NHS pensions provides will be lost, there will be nothing at all keeping UK doctors in the NHS (many will quit for foreign climbs and others will go into the private sector part time for more money - taking their tax-payer funded million pound training with them), and there will be doctors will money burning a hole in their pockets looking for an investment vehicle….. like BTL ;.-).

  12. Agreed, the others should also be paying 14%.

    Still one step at a time.

    So why has the government chosen to increase doctors contribution s further, rather than bringing up other public sector pensions to our level?

    1. We are seen as easy targets.

    2. We have been subjected to a number of significant changes to pay, conditions and training over the last decade. All with a negative impact on us, and we've bent over and taken it without a fuss.

    3. The public have been successfully brainwashed into thinking we all earn £200k.

    4. The BMA is a poorly run union.

  13. Dirty moneygrabbing b4stards. Of what I've heard today, I wouldn't scrape most doctors off the sole of my shoe.

    F*cking trash, the lot of them.

    Anyone who earns 120k a year for 30 years and then has to rely on another handout from the state is totally feckless with money imo. Laughable tbh.

    This debacle has been utterly disgraceful imo. Sack the lot of them.

    You've clearly missed the whole point. The reason for the strike is unequal treatment for public sector workers. Why should a doctor on £120k (just a random number, but you seem to like it) pay 14% pension contributions when most other public sector workers on £120k pay less than half that for the same pension.

  14. Interesting that you pick probably the most overpaid employees in the country as a comparison.

    Also, "except consultants and GPs" means junior doctors, typically under the age of what? 35? Are you really saying that they should all be on £60,000+?

    Where did you get £60,000 plus from? Tube drivers, at the moment are still under £50,000 I believe. And "except consultants and GP's" doesn't just mean junior sectors, you're forgetting the group in the middle, the registrars, the doctors who essentially run hospitals, particularly out of hours and do the same jobs as a GP, without actually being paid like a GP.

  15. I agree that value is subjective, but the libertarian dream of a pure free market in 21st century healthcare does not exist anywhere and personally I doubt that it is possible. Much of modern healthcare provision is simply too complex for individuals to purchase rationally through price comparison websites. In the absence of a market, it is difficult to get real price information to see whether the NHS creates more value than it costs.

    I disagree. Most healthcare provision is either a simple entity like a hip replacement, epidural or colonoscopy, or can be split into simple components such a GP appointment, outpatient referral or antibiotic prescription. The only area where it is almost impossible is acute hospital admissions which are too variable. I honestly feel that this country needs a short dose of private healthcare, just to give the public an indication of how expensive healthcare would be in a free market.

  16. Indeed. The BMA operates as a cartel with incredible power and influence over government via the NHS and create the conditions where Doctors feel justified in demanding over inflated wages and privilege. Yes I believe that Doctors should get a decent renumeration but, (when the current average wage is not a even living wage), to insist on such high wages for Doctors at the cost of the taxpayer is I believe immoral. 20% cut in wages across the board would still give a very good wage and free up much needed money for other medical services. The age old argument is that Doctors will leave...fine let them...we could ship over some from France, give them a payrise and the nation will still be better off.

    When has the BMA even mentioned wages? This strike has nothing to do with pay. But on the subject of wages, the basic pay of a vast proportion of doctors is not 'decent'. The basic pay of all doctors except consultants and GPs is less than a London Tube driver. Public perception of doctors pay has been very cleverly manipulated by the government and media.

  17. Telegraph

    Don't know if anyone else has highlighted this, but this is a proposal from government to adjust public sector pay according to regional house prices. So pay won't depend on qualifications or responsibility, but will be determined by a regional Rightmove index. This will result in further central government subsidies to overpriced areas. Contrary to the views in the DT article this will exacerbate the North-South divide. Central government will be pouring direct wage subsidies into the most affluent areas.They already do this indirectly though tax credits and LHA, but now they want basic wages to be made proportional to house prices.

    This is a stunning example of inverse logic, which decrees that house prices can't go down, so everything else has to be adjusted to that universal law. In contrast what we need is an acknowledgement that if (for example) teachers can't afford to live in certain areas then the costs of housing in those areas have to be brought down (or the residents made to use private sector resources). Ploughing more public money into these wealthy areas by means of government subsidy will only make the inequalities worse, and is an admission of failure.

    Edit: forgot to add: this is just another ruse to maintain inflated house prices.

    I interpreted this differently. My view is that the government will use this to decrease public sector wages in areas where house prices are low, not to increase wages in areas where house prices are high. I've always thought it odd that public sector workers in the south east get paid the same as those in the north west.

  18. I've worked out the savings I have made by not buying in 2008, based on a 25 year 6% mortgage:

    2008 ... £197k house ... total cost = £380k

    2013 ... £142k house ... total cost = £274k

    That is a saving of £106k, which even taking off £54k of rent, is still a saving of £52k.

    Delaying purchase by 5 years means that when you eventually buy you'll be paying your mortgage for five years longer.. If we take a ballpark repayment figure of £1k per month for 5 years, that's £60k, so technically you're £8k worse off. Obviously this isn't adjusted for inflation and £1k in 25 years time will be worth much less, but then again none of your calculations are inflation adjusted.

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