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Everything posted by Squeeky

  1. If you do that, you then should take in to account the "value" of the property. If you are including savings you can't access you should probably throw in the value of any pensions as well. Like others have said £100 ins't really enough to be considered as a savings pot.
  2. There is a debt trap, where if you didn't incur the higher interest rates and charges on bank account or use pay day lenders where people would be better off. I think it would be interesting to see how much of a difference it would make to people in that cycle of debt.
  3. The basic concept of a minimum financial safety net available for all is appealing, in the same way as having access to the NHS. As always the devil is in the detail. What stops UBI from being possible? is there just insufficient data to be able to model how such a drastic change would play out? To throw it out there, an "easy" measure for setting a "bonus" part of UBI could be as a percentage of GDP. If automation is going well and the economy is generally healthy etc... everyone benefits. When things are going bad, it could admittedly be really messy, so you need to set a floor value. The Rowtrees foundation amongst others have suggested a minimum income required to live in this country. Ideally you would want UBI to be at that level, so if someone is unable to work for any reason, there would be no need for additional financial aid. I don't know how this squares with human nature - would everyone become depressed couch potatoes or would we see people pursuing things to enrich their lives and society around them? The profit motive will still be there for most people. People will want bigger, better, newer homes, cars, gadgets etc... UBI wouldn't be sufficient to facilitate a high level of consumerism, but should cover the basics.
  4. This sounds like the perfect opportunity to trial out a Universal Basic Income model. If you are going to just drop the money into the economy anyway why not? UK Bank bailouts cost 850bn... a basic UBI using back of a fag packet math, would cost less than 100bn more per year than the current benefits system. It would give us a few years to work out the details and transition between the two... UBI aside, I would like to see how helicopter money given directly to the public would play out. I think it would be fascinating to see how the various retailers responded i.e. mass sales to tempt you to spend more with them or would we see prices at the tills noticeably increase because they know the money is burning a hole in your pocket. Would all the pay day lenders cease trading for a Month or two? Would bank lending decrease and revenues from bank fees drop through the floor? Would universities increase their fees or introduce one off charges? 1 - 2K to the most financially vulnerable (and probably most exploited by the financial industry) would probably make a huge amount of difference to those individuals and remove a swathe of the population from a cycle of dependency on usury and money lending... of course we may just see a huge boost to TV and game console sales... With our means tested benefit system, it could cause all sorts of interesting situations and unintended consequences... Still, if you are going to drop that kind of cash on a population and have a choice from the bottom or from the top, I think dropping it on the the bottom at least the once would be a very valuable experiment to gain empirical data so we can generate a couple of academic papers and the odd Ig Noble award.
  5. Citizens income is talked about a lot, Universal basic income being debated: transcript: https://hansard.parliament.uk/commons/2016-09-14/debates/16091439000003/UniversalBasicIncome Research paper: http://researchbriefings.parliament.uk/ResearchBriefing/Summary/CDP-2016-0167 video: https://goo.gl/LjYieP
  6. If you lived in an HMO and wanted to make sure no one messed around with your stuff, how would you choose to decorate your room?
  7. Some people don't like tyre kickers or messing around with haggling. If you want to play the bidding game, move on to the next one. If there is a house you really want put in a more realistic offer that you believe someone will accept. your bargaining position for properties near the bottom-ish of the market isn't great as more people are prepared to take a punt at that price range (first time buyers, BTL + all the props - help to buy and social landlords.)
  8. As it has been over two weeks since your tenancy has ended and no agreement has been reached I would just start a case with the dps. You should be able to log in the dps site and "create a claim", "raise a dispute" or similar (Start Single Claim Process). You don't need the landlords permission to do this. Push everything through the dps resolution centre at this point. I would stop responding to queries from the landlord other than to say that you intend to resolve the matter through the dps arbitration process and they should be in contact with your landlord shortly. If you are having an issue with the dps or don't understand any of the process, then contact the dps. Stop just clicking buttons Make sure you gather all the evidence. All the correspondence and a timeline of events. State your case - you want your deposit back in full (or minus reasonable costs for the damage to the toilette) but you are unable to come to any agreement with the landlord on the amount. So far, the landlord has failed to return any of your deposit. On the dps website there will be guidance documentation for making and submitting a claim. They will want copies of your tenancy agreement and a few other things. An inventory after the fact isn't worth much as the property could have changed state since you vacated (think about someone breaking in and vandalising the place or workman damage etc...) If you didn't see anything or witness it happen don't sign or agree to it. If you don't recall any damage being done, call it out and state it wasn't in that condition when you vacated the property. Supporting evidence such as pictures or video is very helpful. https://www.depositprotection.com/help/browse/custodial/agent-landlord/single-claim-process - may be useful. Relevant information would include that the carpets were not new when you moved in - if you know the age of the carpets that can be useful, as it helps the assessor work out a value, should they decide it isn't fair wear and tear. That fact the previous tenant provided the carpets isn't relevant. Same applies to the state of the property - again any pictures or video you have that compares when you moved in to when you moved out is more useful than inventories, but use your own judgement here if you believe it will support or hinder your case.
  9. Bah, I want a BoE current account with a cheque book. Looks like I still need to keep an eye on the job listings for that to happen.
  10. If you are both in your mid 30's the baby clock is running out and probably needs to be the one and only priority if it is something you want. I would be tempted to stay renting with buying being significantly more expensive. Just make sure you keep saving. Regarding places being sh1t holes don't worry about it too much, think of it being better value. When renting a house, it looks its best when you move in and only gets worse over time. If you buy a house it really doesn't cost a lot relatively to make it a hell of a lot better to live in. For 20 - 30k you can pretty much gut a small to medium size house and bring it up to a very respectable standard.
  11. If there is anything to contest with the deposit, the lack of inventory will count in your favour. Do your own inventory, if the landlord comes back with anything they will have a hard time proving that it happened while you were resident to the property and didn't happen after you vacated.
  12. Haven't seen the posted and thought it might be of interest to some here: http://www.bbc.co.uk/news/world-europe-36454060
  13. I would hazard a guess that the 80% mentioned have no idea what the social political situation is in Russia and have never visited the country or lived in *£@$&@ outskirts of Siberia.
  14. Why all the carney hate on this of all things. He suggested that if we leave the EU there will be a recession and everything will crash around our ears. Isn't that what people have been banking on since erm.. when was this site created again? ... now for his interest policy of do nothing and hope the wheels don't fall off... and if they do, well I didn't do anything so I can't really be to blame, now that is a different kettle of fish. As for being impartial. His job is to look at the macro economic situation... little things like say leaving what is largely a trade partnership (amongst many other things) with the rest of the EU is probably something he should be running the numbers on.
  15. The only thing I can't see mentioned is laundry facilities. But doesn't look too bad. 100 - 200 less a month and there would be no hesitations as a student or singleton. It depends if it remains a similar experience to a hotel or becomes a frat house....
  16. We have issues with pay equality in the workforce and recent CEO's who have no idea what their total renumeration package is because it is typically hidden in a number of perks. I am all for tax transparency. It won't stop everything as there is probably a minority that have undeclared incomes or offshore holdings. But those things ARE illegal and we can stop having arguments about what is the moral responsibility vs what is legal.
  17. Take a look at how Sweden manages it and any lessons learned - their tax affairs are in the public domain believe.
  18. A lot more space would be available if they didn't try to incorporate the kitchen and bathroom. I can't see the point of having a disabled accessible toilet in that place given the "living room" and "bed room" positioning.
  19. We should build more coal power stations, they will be worth a fortune in a few years.
  20. So your house will literally be your pension...
  21. I am not sure I follow the point of this thread, You've quoted the plot size, rather than the living area. The first house sits on roughly a 6m x 5m footprint. Those houses are tiny (or at least the same size as the uk equivalent) on very small plots. Houses of those size (actual house size) on larger plots are available locally to me at that price point. I will say the non-uk ones look better maintained and the estate agent / website seems to have put more work into photography than I am used to seeing....
  22. if you are doing a house up to your own taste (assuming you like higher quality things, and perhaps doesn't fit mainstream tastes) you will not gain much other than a place you will enjoy living in more. If you intention is purely to increase value there are cheap things you can do that will help more. At the moment depressingly, the most cost effective thing to do is probably nothing except clean and possibly if you want to push the boat out a lick of paint, and move in a year or two....
  23. There is a lot more money in road transport vs rail. I would also venture that the driver cost is higher as you need a lot more lorry drivers compared to train drivers. There is also greater competition in your rolling stock on the road and I imagine the life of a truck is a lot shorter than the life of a train, so you can iterate a lot quicker.
  24. With the pension changes it is looking like yet again, BTL may be a better way to go if you ever want to see your money again.
  25. There is another side to this. When I went through the mortgage process I had to declare who was going to be living in the house. If I didn't want a joint mortgage with my husband, the lender assumed that he wouldn't be paying his way and would be a net drain on the household and reduced my affordability quite a lot compared to them not listed as living in the house at all. If this mortgage allows you to have additional people living in a property without getting financial linked, I think it is good - otherwise getting rid of the stupid rule where any adult listed as living in the house, which isn't listed on the mortgage is considered a net drain on your affordability would be good.
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