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Having spent approximately ten years in both the public and private sector I can guarantee that the private sector employees are just as bad if not worse when it comes to efficiency or slacking off. An experiment is exactly the right way to go about shifting to a four day week and their data backs that up. MPs are the worst for getting something for nothing.

mis-read the title and was hoping it was an article stating that only 5% of rentals are PROFITABLE i.e. a reduction in HB would see the stack of cards collapse further

Interestingly we had a period from around January to May where were were getting around 5 new and 5 reductions a week from ~180-200 properties on market of which 100 were SSTC. Now we've had about 3 weeks of barely anything. No new ones, no reductions. The new ones that do come on are just with different agents.

Good way to get the population working longer, too.

2 people working minimum wage will be bringing in £2.5k a month and you can be sure there's a raft of benefits to top that up. I didn't mean an extra £2k was easy though so apologies for the confusion! On the median salary, "company directors" on £12k a year and salary sacrificers down to £50,269 will be hugely suppressing the actual figures. There's a lot of money out there. Worthless, but a lot of it.

Going to take years for this to unravel. Are we really going to see repo's with the velocity needed? Let's face it, £2k a month isn't exactly hard to come by unless benefits are completely reigned in. And they'll just have to eat beans and stop buying twigs in vases, but they'll be prisoners. Still not exactly a new house on the market is it. My preference would be to leave (or have left) the country but alas my wife says no. So we're buying. Fortunately we're DINK with a hefty deposit and some cash/stocks/crypto left over. If I'm spending £2500 on mortgage payments I hope these all have to as well. Makes me sick thinking I'm crystallising gains for someone like this. But I just can't see how this ends in a crash worth anything, the majority are still . These sob stories feel like 1-1000 rather than something that's actually widespread... right? EDIT: Plus you'd think that being in a relatively strong position would allow us to get building work done when others are presumably pulling out.

Not really related to house prices, or the economy, is it. Reported.

Getting antsy about my mortgage application from when rates were sub-4%. Feels like they're doing everything they can to find something wrong with the application just so that I have to reapply at 5%. I'm 65% LTV with the remainder in the bank as well, thought they'd be biting my hand off.

Single storey extensions are six figures, I think the focus of this forum has been the cost of land for too long. The actual building has value that has increased too (as long as it's structurally sound) Not saying this justifies a £400k increase or that it'd be realistic to find a buyer, but there is a rapidly growing intrinsic value for houses that don't require work whereas in previous years doer-uppers were seen as great opportunities.

Worse still year 3 could be £500 and the headline would read "inflation drops by 33%"

Four pages about something that literally every dutch town or city has had since the 70s. Nothing to do with house prices or the economy. This forum is ridiculous and I can't believe I allowed it to influence ten years of my financial views. Its about removing polluting speeding cars from residential streets and making them go the long way round if they really have to drive. Nobody in their right mind would ask for their cul-de-sac to become a through route so why there is so much pushback to the opposite is beyond me. If you can walk it in 15 minutes then it rarely needs a car. If it does need a car, then when everyone else is walking you won't have any traffic to contend with. Doesnt mean they put you in jail for leaving your imaginary cell 30472

Of all corners on the Internet you'd have thought this place might identify the link between deteriorating communities and the shite housing scene. Why partake in and improve a community when your efforts will end up wasted when you're kicked or priced out? Nothing to do with smartphones.

Possibly. Sounded young. I queried but wanted to move on with the conversation!

Thanks. Was just thrown off a bit as an agent was asking if I had a mortgage (not just an AIP)

Should I be applying for a mortgage now? I have a decision in principal and will look to move in the next six months as FTB. Haven't actually found a house, mind. Suddenly dawned on me that I could potentially lock in a lowish rate now? Is that a thing?

Yep good point probably mean high inflation. Personally I'd love to leave the UK but my wife wants to be near both families since nobody is getting any younger. I suspect we'd actually spend more time with them overall as visits would be for 48 hours instead of 4, but alas we're stuck here for hopefully the longest time as it would mean our parents are in good health and quite honestly spending the time with them is worth far more.

Just had a mortgage AIP for 7x single / 4x joint income, 25 year term. Probably could have asked for more money, longer term so that might not even touch the sides of what they consider maximum lending. In fairness there are no dependents but our ages suggest there could be soon. I don't think this is going to be done for a while. EDIT: After 11 years on this site we're actually considering buying. I just can't see any way past hyperinflation.

Getting very mixed messaging from the letting agent about how much landlord wants us to stay but also needs to put the rent up. I really distrust this new agent representative. I have his home address from the tenancy agreement. Would it be legal/unethical/unhelpful to drop round and just ask face to face "what is it you actually want?". He's dropped in unannounced before to let us know he wanted to get a tradesman in to do some work - and certainly didn't insist that we let him in, was a doorstep conversation until I invited him in.

Did the personal allowance increase by 5%?

Noticing in my area the massive, frequent reductions are the doer uppers. Thats right up my street but I suspected it'd be to do with difficulty or cost of getting builders. Having said that once it filters into the stats, even better.

You mentioned people looking (not sounding) European and I asked what that meant as it didn't really add any context to your post. I don't really care what languages you can understand as that's nothing to do with it.

What do european looking people look like? I'd like to remain vigilant

Not denying that automation isn't happening but the coop replacing paper and plastic with a cheap electronic display isn't a conspiracy worthy of its own thread. Im not sure I buy the OPs story about people being given reduced hours for this specific upgrade, do they also cancel all overtime when the freezer packs in? Doris probably can't get off the sofa anyway after a lifetime of hunching over banging crates of Dettol on the shelves.

I agree with you, problem is if 90% of people believe the other.

What a non-thread. Short term cost for a long term gain? No conspiracy theories about automation really needed (having worked in a supermarket when younger the price label change was one of the worst bits...) we're just getting rid of tasks that expend energy both in terms of printing, delivery, person-hours. Lots of hate on this forum for public sector non-jobs, well a private entity has just got rid of a couple too.