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The Realist

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  1. Agreed. And to extend the strike analogy in some cases it is a bit like somebody who has no chance of working, or does not intend to work, declaring that they are on strike!
  2. Can you name me a time when people didn't try to retain their wealth? I'll concede there has always been very rich benefactors, but excluding these when has the average person gladly let others (excluding offspring) have access to their wealth? There will be more privileged offspring when the boomers die than ever before, could be defined as progress!
  3. Am I missing something? Is there a large scale war that is currently causing problems from the non-baby boomers?
  4. And if in the future health care is not free, what is to stop later generations asking you to retrospectively pay for the free health care that you have received? Charging for something retrospectively sets a dangerous precedent.
  5. I've was made redundant twice during my working life. Obviously job losses do take place. I never questioned this. Out of interest, how many of the 100,000 job losses that you quote were from the public sector? When you hear that a private sector employer is going to make a number of redundancies you can be reasonably sure that they mean to actually do it. When a council makes the same announcement then you have to ask yourself is the announcement just a way of justify later rises in council tax/other charges and/or to appear to be good later when they don't make people redundant but maintain essental services, etc. I believe that our public sector is too large and needs to be reduced. That's why I look forward to local councils making their contribution to this reduction. It's not an attack on any individual. If councils were efficiently run then perhaps they would be able to afford to employ quality people like you.
  6. Am I the only person who believes that the job losses, predicted in this and other similar headlines relating to the loss of council jobs, never actually take place? The statements always include words such as 'up to' and 'could'. A headline "2000 Jobs Gone" would make much more satisfying reading. I live in hope!
  7. Do you mean that the postive index is due to increasing prices in the SE or to a static SE market just representing an increasing proportion of the total market? It could be a combination of the two though. I can't be bothered to investigate but the Land Registry figures for the last seven months should provide the relevant information.
  8. I've spent quie a bit of time in Australia and agree with you about the cost of living there. It will be interesting to see if this plus the current low exchange rate has an impact on the number of Brits moving there.
  9. The article linked in the original post suggests that currently there are not enough suitable jobs for graduates. This morning the news is saying that there is going to be a problem because fewer people will be able to go to university/college this year. If there are not enough suitable jobs for graduates why is a reduction in the number of graduates in the future a problem? Probably one of the things that made life better for the baby boomers who graduated in the past was that there was a better balance between the number of graduates and the available suitable jobs. I think that this is still true even if you take into account that many jobs now regarded as suitable for/by graduates would not have been regarded as suitable for/by baby boomers graduates.
  10. Having a daughter living in Australia I watch programs such as these with interest. I have noticed that the exchange rate (pounds to aussie dollars) used when giving the cost of houses is not correct. The exchange rate used is never stated but when they provide information that allows it to be calculated it always seems to be 2 aussie dollars to the pound.(or more). Today's rate is less than 1.8. I accept that the excahange rate may change between the dates when the program was made and broadcast but believe that the rate used to calculate house prices in the program should be incorporated into the program or given at the end of the program. In the similar program tonight on channel 4 (Phil Down Under) 40000 aussie dollars was said to be equivalent to £18000, equivalent to an exchange rate of about 2.2 aussie dollars to the pound. If this is the rate they used to calculate the price (in pounds) of the houses shown in the program they are misleading the viewers with respect to what they could afford to buy today.
  11. I'm in Brisbane visiting family at the moment. Last night I was talking to a real estate agent who told me that he is having no problem selling houses quickly. Anecdotal evidence I know, but Brisbane property market seems to be strong. Given the poor exchange rate ot sterling against the Aussie dollar Brisbane property prices seem really expensive now. I wonder if this will impact on migration from UK. I'm not very impressed by most Australian houses (based on Brisbane experience mainly). The traditional Queenslander type house is an exception but I'm not sure that I could get my head round living in a wooden house. There are some really good modern houses here but they usually cost a fortune.
  12. I'm from Sheffield and I agree totally that they should be demolished. They were an eyesore from the day they were built.
  13. Are there any figures for the ratio of the average property to average income for Japan? I can't find any. Having a son working in Tokyo, my perception is that prices there may not be rising but they are still very high. Same applies to cost of renting and appartments are much smaller than UK.
  14. We bought (fully cash) in April this year after two to three years out of the market (and out of UK). We could have waited but the ideal house came up and we obtained it at a fair discount from the developer. Our experience was that the number of houses available that suited us was limited (rural West Yorkshire area) and we were not prepared to let the opportunity to buy this house pass by. I'm prepared to loose some value over the next year because all of the money used came from property inflation anyway and interest on deposited money is poor now. And the house is and will be our home for the next ten years. In summary,wait until you find the ideal house and can buy it for a reasonable price, then go ahead. Buying a house/home should not be just viewed as a financial investment, although one should always buy carefully with a view to being able to sell again at some point in the future. In houses, as in many things, quality (specifically house type/construction and location) is the key factor.
  15. One way of looking at it is to distinguish between income on which national insurance is paid (earned) and income that it is not (unearned). Pensions are unearned income according to this definition.
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