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House Price Crash Forum

Tunnel Vision

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  1. I wouldn't like to comment on European train drivers as I simply don't know what they are paid, however, I would imagine their conditions are better than UK drivers. UK train companies are purely out to make profit whilst staying within the remit of the conditions of their franchises. If the rail companies could get away with paying their staff less for more work across the board they would do it at the drop of a hat. Capitalism. But I guess most companies would do the same. Although, on the face of it, rejecting a £39k 35hr week may seem greedy, I would bet money that the drivers in Wales are losing alot of conditions for that deal. That is what you dont read about, only the headline grabbing greedy drivers lol. Also If you lowered the wage of a train driver to say 25-30k, people just wouldn't do it. It's to much of an anti social lonely job.
  2. I don't know about the 1970s, but late 80s to early 90s the pay was not that good, but it also wasn't terrible. On British Rail a driver could spend time going into work playing cards for a few hours and going home without ever turning a wheel. Post privatisation, that all changed (not over night but gradually). Train drivers get paid the money they do because of the responsibilitiy involved. There is a rule book that has to be strictly adhered to. If the driver doesn't operate his/her train as per the rule book and someone gets killed/injured it is the driver's responsibility and he will be liable. At best he will lose his job at worst he will go to prison. The driver is paid fairly well because he carrys the can. Add to that starting work at 4am one week and finishing at 2 am the next week, working weekends and missing out on your kid's birthday. I don't think they are over paid.
  3. That was the case on British Rail, a cushey number, but the pay was low. A bit like working for the council I suppose. Post privatisation they doubled the pay but doubled the work load.
  4. Thanks for the reply Hara, problem solved.
  5. Maybe but its on all the properties I look at, they can't all be anonymous. Maybe my I've fiddled with my settings by accident.
  6. Why is it that when you click on the little person icon, with the speech bubble, within the Property Bee information it comes up saying "found by n/a". It used to say give you the info of the original finder but now all I get is n/a on all the properties I look at. Cheers.
  7. I'm in south Essex and I'm seeing exactly the same falls. Plently of 10k drops, and more in some cases, on three bed semis, terrace and detatched properties. Also quite a few that have sold then come back on as available. And all this while 1-2% rises are being reported. The figures are definitely being skewed. The vendors/estate agents around my area just need to get over the phsycological 200k barrier. Every price has to start with a 2 it seems.
  8. I read that article in the Times. If I understood it correctly, I think you can only get the last three years of any capital gains exempt if you flip/designated your second home as your primary residence. Any gains made before that are still to be taxed at the capital gains rate (hopefully 40%, no 50%). And, being as there has been virtually nil increase in property prices in the last three years i doubt there will be much to get exempt. Also, the "flipping" aspect only applies to second homes, and as far as I am aware does not cover buy-to-let (You can't have a BTL and say its your second home I think) I just hope the powers that be can make the destinction between what is a second home and what is a BTL.
  9. I worked on a temporary basis sorting mail for the Post Office/Royal Mail about 13-14 years ago. I think the hourly rate was about £5 then. Wages haven't gone up much have they?
  10. Delighted, We're in almost the exact situation as you, 60k deposit, thinking of around 210k purchase price, 150k mortgage (hmmm, feels uncomfortable writing that) and a 5yr fix. I feel we've waited for so long and the drops haven't materialsed, and we find ourselves thinking should we buy now. But then a dose of reality kicks in. We've waited this long so another year won't make too much difference. There's an election coming, interest rates have only one way to go. I think this year will define what direction houseprices are going to go. Whatever you do good luck, but I'd be inclined to be patient for just a little bit longer.
  11. I know someone who drives trains for a living. Driving trains is a $h1tty, monotomous and quite often stressful job. The worst shift patterns going. One week start at 4am for a 10hr shift, then the next week start at 5pm. Weekends included also. And the work content is horrendous. The pay maybe good but the train companies don't give it away. Plus you have to put up with rude passengers. I imagine this is the same for the TFL tube drivers. To say they are overpaid (they are currently third in the poll) is rubbish. It's a crappy job. I think the reason people think they are overpaid is because they think the job is working class and easy, and therefore resent the fact that the drivers earn more than alot of the office bods. It's a far from pleasant job.
  12. Mike, It isn't the generation above you who are thick when it comes to the housing market. It's the generation above you who are house owners that are thick. They are chuffed to bits that they are not in your/our position. I'm 40 and a renter who is saving a sizeable deposit for a house and I too am sick of the "great time to buy" brigade. The conversation usually goes along the lines of "Renting, that's dead money mate. Get yourself on the property ladder mate, that's what you wanna do. All that money wasted, down the drain mate." I then proceed to tell them how much my rent is, £800 a month, which translates into roughly a 130k mortgage at 5% interest. I then tell them that I need another 70-80k to put down as a deposit to buy the same house I am renting. I then get the all too familair blank look, followed by a puffing of the cheeks and an exaggerated exhale of breath, "Blimey, thats a bit steep." I then say, "so, you see my predicament. This is why house price need to come down blah, blah, blah." Them, "Naaah, they won't come down, Guvverment won't allow it." Then, almost without fail I hear, "but you wanna get your self on the ladder mate, dead money that renting lark." It's like they sort of get it, but don't. Most of them are not actually thick, they just can't put themselves in your position, which they need to do, to really appreciate what it feels like to be totally and utterly priced out the market, faced with either the perils of the rental market or a life of crippling debt. Alot of the blokes at work are like dogs with two dicks when they talk about the "value" of their houses. It's like they have "made it" through financial genius. lol
  13. I'm in the southeast and I have seen prices dropping courtesy of Property Bee. 200k-ish houses dropping 5-10k, not lots, but enough to show a definite direction. Two properties show 10k rise. This is all over roughly the last month. However, new properties coming on to the market are priced 10-20k more than similar properties already for sale. Maybe this is the start od something positve for bears??
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