Jump to content
House Price Crash Forum

monty1080

Members
  • Posts

    949
  • Joined

  • Last visited

Posts posted by monty1080

  1. Oh dear, are you IT workers all still arguing your own importance?

    How on earth can you work in an industry which is solely aimed at reducing staffing levels and then complain when its you job on the line?

    Remember the WW2 quote...,

    First, they came for the Jews. But I was not a Jew, so I did not speak up.

    Then they came for the communists.

    But I was not a communist, so I did not speak up.

    Then they came for the trade unionists.

    But I was not a trade unionist, so I did not speak up.

    And when they came for me ,

    there was no one left to speak out for me.

    Pastor Martin Niemöller (1892–1984)

    As with many industries which had a shortage of well qualified intelligent staff that were well paid, many people jumped in hoping they could ride the same train, unfortunately this industry now has more staff than it needs, thus pay levels are static/ falling and offshoring is rife. I'm sure that IT will find it's natural level eventually, but it has been in a bubble as far as wages are concerned for a long time. Just like the media / journalism and to a certain extent, trades, pay and conditions are all dependant on how many people are needed to satisfy demand.

  2. Santander may be looking to enforce the "you must have a repayment vehicle" terms of their mortgage contracts.

    Looks like they are planning to use it to shift the lucky folk on trackers and low rate SVR into more profitable mortgage products...

    Ahem (from a mortgage rates site) "The current standard variable rate for Santander Mortgages is 4.24% which is one of the highest in the mortgage industry." :ph34r:

  3. HAHAHAHAHAHAHAHAA!! OOOOOH HO HO HO HO HO HA HA HA HA HA HEE HEE HEE HEE HEE HO HO HO HO HO HAAA HAAAA HAAAA!!! Oh my sides!

    Bridging loans! - perfect! you can almost see their little feet peddling the air before plummeting Wile-e-coyote style* and creating a comedy dust cloud.

    Wasn't bridging finance totally discredited in the 90/91 crash?

    Looks like we are finally looking at the big drop folks.

    *How come there was always a mile deep canyon for him to fall down?  I thought the American deserts with roadrunners in weren't much above sea level..

    I have seen a roadrunner near the Rio Grande in New Mexico, elevation, roughly 5000ft. Most of the desert in NM is 'high' desert i.e over 2000ft above sea level.

  4. It's obscene, I work in TV (sometimes for the BBC) and as per most organisations, private or public, the least productive people get paid the most. I wonder how many of that 382 who get paid >£100k actually make radio or telly programmes ? In reality probably about 50 of them. For the people 'at the coal face' programme makers, directors ,producers etc. They get paid less than they would in the private sector, but as has been mentioned before, it's very difficult to equate private and public sector jobs. The Beeb is a very comfy, middle class organisation, there are plenty of people working there who simply wouldn't cut it in the private sector.

  5. About 700,000 in total.

    See Figure 5

    Not exactly one quarter of the entire UK housing stock. But hey, don't let facts get in the way of a good round of plucking figures out of thin air to prove a point.

    Must be at least 1m ,remember all those people, who rent a property with 'permission to let' from the BS and of course those who just let out a property without any permissions on a residential mortgage, (I know at least 3 people who do this).

  6. Media, Central London.Quiet at the moment (hence the reason I am on here). Lots of stuff coming up in August all the way through to the end of the year. My industry is feast or famine. The whole industry is in a bit of a sh1t state. Advertising revenues have halved in the past few years which affects us all, companies going bust quite frequently. My company is on a pretty sound financial base so we are fine, but we shouldn't be this quiet at this point in the year. Last year was a bumper year for us though so cash in the bank.

  7. This is the inherent problem with the system. I as a working person, with no tax credits or any other type of benefit, have to cut my cloth as far as living expenses go. If I cannot afford to rent or buy in Kensington, it's very simple, I can't live there. Mr or Mrs lha claimant seems to be able to say, 'I live in central London, I have 5 kids, I need a 6 bedroom house in St Johns Wood please.' the LA doesn't seem to have any say in the matter? Can anyone shed some light on this ??

  8. So what happens to that family who were in the seven-bed house at £10K a month or something?

    They will have to do the thing I have been ranting about for ages...... move somewhere cheaper, just like a working family would have to do if they couldn't afford £2k a week in rent.

  9. My friend, dismiss everything you have read so far, I am the definitive answer to your question about Croydon. And that is Croydon is the best place in the World and Croydon is the worst place in the World. Let me explain...There is a great shopping centre, with department stores like Allders, House of Fraser, plenty of banks, takeaways, restaurants but if you look anyone in the eye whilst shopping you may get your head split open, recall this is the place where recently two community police officers were attacked and bitten by a mob of delinquents for daring to ask them not to litter the high street. The population is a mixture of white working class, who are a mixture of decent hard working people through to semi-criminal chavs constantly drunk or on drugs. Croydon has record teenage pregnancies, it has lots of police (it needs it). There is a nice park, but its close to Croydon college where students have been raped, risk the park at your peril after dark, even in the daytime its intimidating with gangs of afro-Caribbean youths roaming around. There are miles of subways where behind each turn maybe lurking your next assailant, its impossible to cross roads and trust me no one is going to stop for you at a zebra crossing. The bus drivers will run you down, nobody is stupid enough to cycle around Croydon except the drug pushers who mostly use pavements. It is true Croydon has excellent links into London, but by the time the train gets to East Croydon its standing room only and you still have to stop at Clapham Junction or Norwood Junction where more people will cram on, squashing you up against some unpleasant trout (there are no attractive women in Croydon,  Kate Moss was an exception to the rule), making you wish you were never born. There is something edgy and nasty about Croydon, if you are non-white, white people will ignore you or ask if you speak English since it is a common belief that all coloured people are foreigners, (they may be working class chavs but they still like to believe they are better than 'foreigners'). The houses, now that's where Croydon excels, unfortunately only in how BAD houses are here, terrible ugly charmless flat conversions, expensive overpriced pokey houses, new build crap, no gardens, no parking (with the most earnest traffic enforcement in the known universe to boot). The immigration centre for most of London is in Croydon and people come here, register and generally hang around till they get deported. Its rough my friend, really rough. I genuinely believe there are some good solid salt of the earth nice people here, but Croydon is also where a large portion of the scum that can't find anywhere else to leech have ended up and their number is increasing. People are depressed, defensive, miserable and indifferent here. It has every negative aspect of London and not a single positive, not any more. I have not once in my 3 years living here been out and not heard a police siren. I can only advise you of this, there are far far better places than Croydon, seek them out and forget this place, it is a rotting shadow of what once may have been a typical English town turned into a typical rotting English town. The dentists are rubbish the doctors are rubbish, go to a surgery and you're lucky if the doctor turns up, if they do it'll be a locum on a day rate who is filling in and who you will never ever see again. The hospital is rubbish, the schools are really rubbish, as mentioned the roads are rubbish (really rubbish). I lived and worked in Croydon so was 'lucky' enough to mix with the local population. The average local Croydon person lives to get pissed, most x-factor hopefuls come from Croydon, the level of aspiration is to save enough money to have a holiday in Ibiza where they can get 'properly' pissed and be back to work with a 'healthy' tan. There is no real sophistication in Croydon, its a place where you can envision returning to the 70's very easily emphasised by working men's (drinking) clubs, ropey girls in short skirts, white high heels, faces like mutton, pissing in the street, vomit on the pavements, England flags waving from car aerials . Greggs on the high street, drunk beggars asking for 50p for a 'cup of tea'. Come to Croydon, keep your head down, ignore everyone and you'll fit in just fine.

    Such a shame, I was brought up in Purley during the 70s and Croydon was just the place where we went shopping and to the Cinema and also (if we were really lucky) McDonalds in the Whitgift Centre as it was one of the only ones in the UK at the time. Sad to hear it has gone downhill so badly. As I remember it was a Town, so therefore a little rough, we felt slightly superior coming from the more 'exclusive' Purley : )

  10. Good for you. At least you are able to admit, that you are a small-minded person, with no knowledge or experience of the larger world. The next step in getting free (of your past) is to understand your own prejudices and how they limit your freedom, because you think things like: "I could never live in a 750 sf flat."

    Part of my own world view is that we all need to use less energy, and a good way to do that is to live "more densely" in a city, and in small spaces, while driving less, and maybe ditching the car entirely. I would be a hypocrit if I tried to point people towards such a way of living, and had no experience of it myself. It wasn't easy to leave behind 90% of my possessions when I left the UK, and come to HK and live in a smaller space, and then after a few years, move into a still smaller space. But there is something genuinely liberating in not owning so much. For instance, I went from owning several hundred books and having my own library, to own less than 10 books. (Now, I give one away when I buy a new one.) So I don't have to worry about where they are, are they safe, do I need to insure them - things like that. And we can pick up and move somewhere esle on relatively short notice. Selling down all those flats, was also liberating.

    But you are young, probably. And surrounded by middle clas people, with "Little England mentalities", and what I am saying may mean nothing to you. Enjoy your life, and your comfortable prejudices, but do not presume to judge the aspirations and liberations of people who have seen more of the world than you ever will, and are thereby less attached to dreams of those living in a "Penny Lane" existence.

    Here's my tribute to your postings ::

    As usual both sides of this argument are making assumptions (probably wrong ones). Not everyone can live in 750 sq ft. I have a child, we had to move from a 1 bed flat to somewhere larger to accommodate a growing family. Not everyone is into high density, low clutter living. Some people find reassurance in possessions and living space. To disparage them is a little small minded. Diff'rent strokes.

  11. Interesting figures.

    Still a lot of people working full time on here. Probably a figure a lot higher than the general population, considering almost 25% of the working age population are considered economically inactive I.e. have absolutely no job, not even part time.

    According to these figures only 10% of HPCers are economically inactive.

    It will be interesting to come back in a years time and see what has happened after the public service jobs bloodbath.

    As ever HPC is wildly unrepresentative of the population at large, for a start I bet a significant number of the economically inactive don't own a computer and can't afford broadband..... (but do have Sky : )

  12. Behave yourself !!

    I think everyone assumes all those working in the City are all the high flying on 300k per year Goldman Sachs bunch. Yes there are a lot of people earning a lot of money in London. No doubt about that. However have a look on various websites for the sort of roles that someone who is a 'high flyer' after 10 years experience in the finanical sector will be on in London. You are talking more like 40-80k.

    Business analysts. PMO managers/analysts. Test managers.Senior Project analysts. Senior Finance analysts. These are the meat of 'the city'. And you don't get jobs like this without at least 5-10 years experience from scratch.

    People really need to realise that the city in general, and investment Banks - are very different indeed.

    If you are a high flyer who has worked in a Bank, not an investment bank or the investment arm of a retail bank, for 15 years since the age of 20 ? You will be EXTREMELY unlikely to be earning £100k plus.

    Of course contractors can earn this sort of money. However that is not a job/salary as such. Not really comparable.

    Apologies, I should have said investment banking or City law firms. The figures I put in my post are merely anecdotal of friends and family who work in investment banking. Also junior partners in headhunters can earn well into 6 figures.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.