Aidan Ap Word
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Posts posted by Aidan Ap Word
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2 hours ago, regprentice said:
That says the median household income for a UK household in the top 1/5 is £66k a year
Google says the average UK salary is £42.4k and the average London salary is £60.5k.
So if london wages are 43% higher than the UK average then the Median London household income could be £95k (66k x 1.43) which isn't far off 100k.
I haven't worked with londoners since 2018 but even then i knew many couples of young professionals where both of the couple would be on £50k+. This was working in banking
The FT reported this weekend that the starting salary for a newly qualified lawyer is now as high as £180k. link
There are plenty of couples out there earning £100k+
Not sure that's how satistics works.
Not least of which because "plenty of couples out there earning £100k+" is irrelevant in the context of the 2.3m households within greater london.
"Plenty of couples" meaning what eaxctly? 2k? 20k?
If by "Plenty" you mean 100k, then what you are saying might be relevant ... but even that would be 1 in 20.
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1 hour ago, msi said:
Not according to Hunt
Nice misquote.
He is saying that - in an area of outstanding unnatural house prices 100k doesn't go very far ... he is not saying it isn't a lot of money.
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3 hours ago, desiringonlychild said:
[120k] is considered a very average household income in the uk
Unless I am misreading your post completely (in which caase - sorry!) ... but no ... 120k is not a "very average household income in the UK"
120k is 4 times the mediam household income in the UK.
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15 hours ago, tabliski said:
100K combined household income is what I would expect most middle class professionals ( as in those with a profession skilled manual or otherwise rather than the generic term given to an office worker) to be earning give or take £10K or so.
How do you get there?
I know this from the ONS is post-tax 'disposable' income (which they define later in the page) - but the median post-tax income is 33k for a household ...
Not sure your "expectations" match reality.
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On 11/05/2024 at 10:17, Roman Roady said:
I'm loving the smell of panic and outrage in the Journo world at the moment...they're not getting what they want anymore so thing just have to change!
Word salad from the interviewed. Word Salad and self egrandisement.
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46 minutes ago, tabliski said:
They have obviously never heard of Woking, Byfleet, Chertsey,Knaphill,Staines etc
Plenty of property around the £600K mark in catchment areas and commuting distance to London.
Your not going to get a 30s semi or a Victorian villa in Ealing or Islington on the salary she quotes unfortunately.
With a household income of "just shy of 100k" they shouldn't be having to uproot.
100k pa is a huge amount relative to the majority of the population.
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20 hours ago, Jean-Luc said:
Does it not bother you that your heroine is a covid denying, anti vaxx, tin foil hat, conspiracy nutjob? (Mr Elon Musk) Imagine having a car made by one of his companies 😬 Is it any wonder tesla is the betamax of cars 🤔😂
He never denid Covid - he did question the voracity thereof.
He was never anti-vax ... just anti attributing everything to the vaccine (whilst acknowledging that myocarditas is one of the contraindications (at the same time acknowledging the questions around frequency of occurance of the contra-ind).
Conspiracy nut-job ... how exactly? You suggesting he is a flat earther? That would be truly ironic.
Regardless of him personally - Tesla actually makes stuff.Cazoo did not. You deflected. It is, after all, your MO.
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8 hours ago, Jean-Luc said:
Tesla LOL 😂
So you started a thread that has aged very badly over the years and think it proves that tesla is indeed the betamax of cars?
Surely that bias has some posh name ...
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12 hours ago, The Angry Capitalist said:
Due to subsidies yes.
Take away those and you most likely get a different story.
They have been aggressive in their price reductions lately.
Also cut a lot of staff too.
No more than a $50 stock price all day long.
And I'm being very generous.
Subsidies in the UK? No.
Aggressive in their price reductions? Maybe - as in percentages on the margins.
How many things did Cazoo make? How many of those things did Cazoo sell? How many other things did Cazoo buy and re-sell?
Not even close to any of the arms of the Tesla business (which is a lot more than just cars).
I may be a Tesla fanboi. But Tesla bashing at every opportunity (especially from an uninformed position) is, like I say, a cheap shot.
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24 minutes ago, Tony_Teacake said:
Or maybe Tesla
Cheap shot. tesla actually make stuff. Whether you like the stuff they make or not they make it. And their stuff sells.
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38 minutes ago, BorrowToLeech said:
I’ve encountered quite a few people who think Liz Truss is responsible for the prevailing interest rate. It’s no wonder they think it’s temporary.
The Labour Party spent months pushing the mantra: "Tory Mortgage Bomb" (which is horrible balderdash when *global* interest rate changes is the foundation for this change. Evil behaviour that was/is ... and a few of them are still doing it. Labour/NuLabour/NuNuLabour/whatever are a bunch of sycophants. Gordon Brown saved wthe world didn't he ... no? Ah gee .. no ... he just pasted the narrative on for the Tories to go ape for years ... so I am not bashing Labour specifically ... just the stupidity of the elctorate who fails every 4 or so years to see through the vapid selfishness of it all. Labour/Tory/LibDem/whatever ... the nicest thing you can call them is leaches.
54 minutes ago, frederico said:Rishi is just an unelected banker who has no charisma or talent.
Just as much as to say only the bold part. I have yet to meet a banker who has charisma or talent. And I spent 4 years in RSA and 4 years in UK building software for them.
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Is it just me or is the poll getting tighter results than on previous occasions?
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41 minutes ago, Stewy said:
Temporary. Once rates are nearer the New Normal we're off to the races again 🐎
You have yet to make it clear why this "Off to the races again" would be a good (or a bad?) thing.
Which might be why people don't "get" it when you suggest this is a Plateau?
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44 minutes ago, burk said:
To say Bournemouth has gone downhill is an understatement, it's a fkn ghetto by the looks of things.
Bournemouth doen't look that bad tbh.
Obviously never been to Slough have you? -
4 hours ago, Stewy said:4 hours ago, Casual-observer said:
the BOE has been behind the curve for 12 months.
Agreed.
When the energy prices' collapse start to get accommodated we will see a lot of deflation.
22nd May noflation figures will be very interesting IMO.
Nice quote snippig there Stewy - deliberately leaving out "[you] suggesting" from what Casual-observer was saying. In what world do you think Casual-observer was agreeing with you?
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1 hour ago, MerchantNavy said:
Why would you have carpets in the bathroom?
No, IIRC that's lino - just in such a bad state it looks like carpet.
Actually the bathroom wasn't the worst part of that house either.
EA said ... "you could do anything with this house ... just in terms of your creativity ... it's just 'how long is paiece of string"
I responded: "well, the real question is: is it worth 400 000 pieces of string?"
Some idiot will buy it for that price probably.
The 1 thing I do know: it won't be me.
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2 hours ago, Sackboii said:
But good for wine.. ✔️
Do houses have a half-life ?
Unless you spend money on them maintaining them - then yes, they do.
https://www.rightmove.co.uk/properties/147466568#/?channel=RES_BUY
... the other half of this semi si actually a nice house.
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I understand how there could be a qualitative/perception difference between
"House prices are too high"
and
"Cannot borrow enough"
... but really - they say the same thing.
And make up >70% of the lack of transactions for people entering the market (also known as "ladder" or (more correctly "ponzi")).
If that wasn't an indictment on the "market" and the national religion, I don't know what is.
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9 minutes ago, MancTom said:
who cares? No-one is going to be selling their only house so they can make a profit anyway. As long as you haven't bought with a tiny deposit with high income multiple and low interest rates that you can barely afford you are likely do just fine even if your house loses value.
Says no BTL Landlord in the UK, anywhere, ever.
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1 hour ago, Devon house said:
Indeed, it is also worth bearing in mind the GFC corrected quickly
Well, it did, and it didn't. ZIRP lasted more than a decade (globally) and the money printing almost as long.
So "quickly" as in > 10 years ... not really.
Where the impact of the GFC washed away by vast amounts of fiat money creation - yes, in this you are right, it was done quickly.
But the GFC couldn't be - IMO - deemed to be "corrected" until we the Biritsh (taxaying) public no longer own any of the Natwest group.
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Slicing off images from Facebook posts - the underlying link being: https://l.facebook.com/l.php?u=https%3A%2F%2Fposts.voronoiapp.com%2Fmoney%2FWho-Has-Savings-in-This-Economy-1058%3Ffbclid%3DIwZXh0bgNhZW0CMTAAAR1olORmU-6TyYXTdiqkgsNQbDTeN3Ja0of7I00HE_Df4tw78B9vYCrR5PA_aem_ATZoqGWvhx99F0Gv7L8AjZe4doag-jecueaYFP_oza-0MXeJU9QXKPPKcuoxI_sH_HNRKJ-Rad6HICNd4eHeUZxL&h=AT1vVREmZB5Bf5y7VaqP2PVK6ggCGOwQfgNBMZHmyRXcbTdGtxJxk0Xrdr-3xLyafLxhCy8C3s1BJSYWh0iXtquGOcUfyZ1sUOOehCd_SH3QfUdAyqhreBZ9Sw&__tn__=-UK*F
The key take away being:
QuoteGeneral trends indicate that the older the respondent, the more balanced their finances are
In other words: the Stewy recipe for "I'm alright Jack, screw you"
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18 hours ago, Stewy said:
😆
You mean there has been a predicted collapse that hasn't happened? What a surprise...
Of interest rates? Yes, that collapse hasn't happened.
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Homewise "offerings" form somewhere near 10% of the "downsizer" options (3 bed etached places) within about 1 mile of me.
The ultimate MEW, basically.
Leeching off people, all based on an "HPI foreva" business 'model'.
Sick to my stomache of these "innovations".
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6 hours ago, Dweller said:
https://www.theguardian.com/technology/2024/apr/26/tesla-autopilot-fatal-crash
Tesla Autopilot feature was involved in 13 fatal crashes, US regulator says. Federal transportation agency finds Tesla’s claims about feature don’t match their findings and opens second investigation
1.5 million of them on US roads at this time.
Number of times autopilot itself caused the crash? <undisclosed or unknown>
Number of times the press deflects from the facts with rhetoric and diversion - well - here's one of many from this very article alone: https://www.theguardian.com/technology/2024/apr/26/tesla-autopilot-fatal-crash#:~:text=Tesla in February 2023 recalled 362%2C000 US vehicles to update its FSD beta software after the NHTSA said the vehicles did not adequately adhere to traffic safety laws and could cause crashes.
The FSD software was not part of the recall - the recall was for the UI/UX of those on Autopilot. And it was a software update - but the press avoids facts.
Do we have to open the discussion around accidents per mile all over agin? because it was debunked solidly last time (years ago, and in this thread) and Tesla are getting safer all the time. No? I didn't think so.
And before I get bashed for being a fanboi - many manufacturers are making solid improvements all the time.
This is Guardian article is a combination between Tesla-bashing (because Guardian's ownership are invested in the industry Tesla is disrupting) and click baiting.
Great expectations
in House prices and the economy
Posted
Well, true.
He has done nothing to fix this.
But as one of those households on just shy of 100k in East Sussex - he's right.
Sitting on a 100k deposit and looking for a house big enough for my family of 4 ... he has done bugger all for house prices ... but he is not wrong that our income means nothing out here.
And to all those who say "Move somewhere cheaper" - I ask ... why should I have to?