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janch

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Everything posted by janch

  1. Or increase council tax for highend properties especially if owned by non-Brits
  2. This is where immigration comes in. People willing to live less well and do the lower paid jobs in London.
  3. The cost of moving is high too: estate agent fees legal fees stamp duty removal company etc most of these have gone up disproportionately in the past few years
  4. Iceland's a bit different as the total population is only the equivalent of a largeish city in the UK eg Cardiff. Giving cash to debtors is a total moral hazard and I can't see any liklihood of helicopter money in the UK.....more likely there'll be a "bail in" with the theft of savers' cash if necessary. It's the sort of sneaky thing our banker politicians prefer. Anyway we don't need it we've got the highest growth in the western world, don't you know (sarcasm).
  5. I did the same as you Frank and left jobs to get some time off! I did ask in one job if I could go from a 5 day to a 4 day week and was refused outright (in 2000) even though the job I was doing was feasible for 4 days per week. I was a single parent and really resented having to work in jobs just to get by and if the work was slack it annoyed me when I knew there were things to be done at home. As soon as I could I downsized my house so I could stop work and live off the proceeds. It was the best thing I ever did and my health has improved since. I've never understood why having a job is supposed to be better for you (apart from the income) than being unemployed. I was miserable while I was working. Not everyone loves their job and for some it's simply a question of survival only.
  6. We already have a type of Citizen's Income when you reach a certain age.....it's called the old age pension. If you want more than the state provides you either work for it or live off the other savings you've accumulated up to this point.
  7. My son has learnt the hard way that the best course of action is not to pay the last month's rent. He was in a flat share where the LL/agent didn't repay the deposits. This was before the deposit protection schemes came in but the property was rented through an agency. Despite a lot of hassle with the agents who kept promising to pay the refund it never came. In the end he and his fellow flatmates decided on the small claims court and the case was decided in their favour but the money was still not returned to them. Further action requires shelling out more to get the court to go after the agents and at this point they gave up as it was all so stressful. Sometimes it's better to walk away but learn a lesson for the next time.
  8. Very few people know the difference between the deficit and the total debt. Your 2 graphs illustrate this magnificently and should be much more widely disseminated.
  9. The last place my son found to live was a shared flat in Shadwell where the rooms were let individually with shared kitchen and bathroom. He was the only Brit there. The rest were Spanish/Italian/Chinese over here because they couldn't get jobs at home (some were graduates and couples) and no-one stayed long. LL collected rent in cash each month and rent included bills. More than £500 pcm for a poky room which was damp and mouldy. All bit dodgy but there are plenty more like it (and much worse) in London. LLs are coining it in on the backs of people new to the country and prepared to put up with anything.
  10. Perhaps the plan for the UK is to keep house prices high so that when it comes to paying for going into care there is something to sell to pay for it. So you spend all your life working hard and paying off your mortgage and then your housing asset which you now own outright is sold off to pay for the care home fees. If you want to have anything to leave to your heirs you'd better keep healthy in your old age.
  11. Perhaps councils should seriously consider public boarding schools for teenagers in their care with fostering during the holidays if it is cheaper which according to the extract above it is. One or two "looked after" children per public school would be manageable and the kids would probably fare better as well.
  12. Perhaps councils should seriously consider public boarding schools for teenagers in their care with fostering during the holidays if it is cheaper which according to the extract above it is. One or two "looked after" children per public school would be manageable and the kids would probably fare better as well.
  13. Sold prices appear on Rightmove too but there is always a delay of a few months before they are published. Rightmove also put the photos and details of any which have been for sale on their site which is useful for comparisons.
  14. Very interesting and I agree with the last post. I've downsized twice and now live in a 2 bed semi now my children have flown the nest. It is a new-build (so no maintenance costs) and has a very small garden which I can manage. I like to have somewher to sit outside and a patch of grass. It's a mix of ages and people ie families and singles around and I can't think of anything worse than being surrounded by old people! Yet my mother in her 80s still lives in a large family-sized house and has to have a cleaner and a person to do the garden as she can't manage it. The mindset of many old people is to stay put as it's just too much hassle to move plus expensive. No-one has mentioned the house-buying/selling process which is often a complete nightmare and has become more complex since the days when the oldies bought their family home. For many widows of that generation they may never have had to deal with estate agents/solicitors and the like as their husbands would have done it for them. Some would like to move I'm sure if they had help with the process. Many have also accumulated a house full of junk over the years and don't have the energy or inclination to sort it out. It makes me weep when I see how some families are having to raise their children in cramped flats when there are all these larger properties around not being used properly. What the older generation have forgotten is that when they had their children they could afford the houses they are still living in whereas now families can't, even on 2 incomes. I realise I'm lucky that as a boomer I have been able to profit from the property boom although as a divorcee (and single parent for many years) I'm not as well off as many of my generation. I don't understand how the present government can't see how strapped young families are or young singles paying student debts and trying to afford somewhere to live compared with pensioners many of whom are sitting on a lot of property wealth.
  15. Wow! It's someone's back garden shed but freehold so I s'pose they're selling off the end of their garden too. If you look at the streetview they're large Victorian houses so someone will make a fast buck by selling off the end of their garden with a shed......I think I'd prefer the 6 bed house and farm in Ireland thanks. The blurb says it's better than a flat but is it really?? What about when you come to sell it on? Will any mortgage company touch it?
  16. It's the new "sub-prime" debt crisis bubble being inflated. You only have to be a reader of zerohedge to see that where America leads we are sure to follow. As previous posters have said it's more akin to a graduate tax than a "normal" debt. I have a son about to embark on a second degree course and he has no hope of ever paying back either of his student debts and will doubtless think twice about earning above the threshold for debt repayment if it means that any extra earnings will be swallowed up in payments. Needless to say at the age of 30 he doesn't even consider the "property ladder". Teachers have a VI in education and for years have pushed uni as the only valid choice post school. They are guilty of not spelling out the consequences of running up huge debts probably because until recently mostly they didn't have these debts themselves and their own grasp of financial literacy is often sadly lacking.
  17. Interesting the change of mindset some people are undergoing. I've been debt-free for a while now and have downsized my life so as to no longer be a debt slave and I stopped using any credit cards too. Wokingham is one of the areas I've been keeping an eye on as I grew up in the area and sadly cannot now afford to live there even if I wanted to because of house prices. However there always seems to be a lot more larger 4 bed or more houses for sale than in most other places and I wonder if there are a lot of people looking to downsize. In an area such as Wokingham there must be a shortage of smaller 1 and 2 bed properties for singles or couples. I wonder what the glut in larger properties will do to prices and also whether this is happening elsewhere. Where I am now has much more of a mixture of smaller 1 and 2 bed properties (flats and houses) plus larger 3/4 bed houses for families.
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