jabber
-
Posts
44 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by jabber
-
-
On 29/07/2022 at 07:49, spyguy said:
Thats a long long long time ago.
The fkwitted lunacy of Jack Welsch n Ge, who are now dead n bust, set the tone for US companies since the late 80s.
And where US companies/MBA went, so did the UK and other large multinational orgs.
And it was all fraud n BS.
I was sponsored during my degree, so I spent summers from 88-91 working for a large US company.
The sensible, planning and resourcing, across long periods you describe was noticeable back then.
Then the early 90s recession blew that up and my experience of companies has never come close.
Multiples reasons, mainly China/globalisation where what is now the 1st/2nd biggest economy started the size of Portuguese economy a grew for 30 years.
So, Western companies have this pool of globalised, cheap labour to beat their staff down.
However, labour and cultures are not all the same.
Ogs that exported a lot to China have found their IP popping up in Chinese orgs.
Equally, trying to run a large foreign workforce is hard. Try getting rid of a team in Belgium - you basically cant and stay solvent. Then consider that doing the say in India is far far harder.
And thats the easy, non productive stuff. Now try and get some work out of Indians. You cant.
To all that clusterfk, youve got to ad gormless local issues.
Most UK slammed the recruitment brakes on in 2000 and never too their foot off.
The youngster in the office is now in their 40sn 50s. And all of sudden two more chickens are coming home to roost -
Moving from DB to DC pensions means there are no golden handcuffs on employees. DB pensions used to stop your most experienced staff going to competitors or setting up as consultancy/independent. The saving on pensions contributions (and risk) is now turning out to be a massive expense 20 odd years down the line as the senior,skilled staff walkto much higher paid work - the high PAYE taxes are also contributing to this.
Then youve got the fall out of covid.
For various reason, Im seeing about 10 years worth of retirement in 2 years. Again, many reasons - people seeing how few people actually work. How muchthey are taxed, how much going to work costs.
I know several people who are not so much retiring but going PT. House paid off, kids out of education. And, as they were working for companies , know full well theres no one to replace them, so orgs face hire me or do without.
The biggest change Ive seen with (private sector) orgs is how much skills most require compared to 30 years ago.
Then youd could have a school leaver turn up and learnthe rope. And org were prepared to throw people at
Now, due to automation of a lot, theres a lot of fiddly stuff processes, software etc.
The youve got high welfare, where 20-30% of working pop are on benefits of one sort or another.
And high house prices, which means noone will or can move for a job.
That's the most laughable thing I've read on here. You don't get a degree while on day release from the mental asylum.
-
12 hours ago, winkie said:
Pizza has a high profit margin........20 years since paid for a pizza take away, can use up lots of bits and pieces in the fridge and make a top notch pizza....if got a cooker, thousands don't........do know of people that can get reduced pizzas best before date who do and can cook them in a frying pan on a hob......worth a try.......costs a fraction of the price of eat in or take away add own extra toppings if available..... perfection.
Take away pizza and homemade are two different beasts. Treat yourself occasionally. The only waste of money is money not spent on enjoying life.
-
On 11/06/2022 at 15:02, spyguy said:
Labour is well on the way to being the party of Mirpuri migrants, Islington and some University towns.
Exactly everything is Gordon Brown's fault. I'm going to rant on about him in poorly spelt out posts for the next 20 years.
Me, bitter and twisted? Nah mate.
-
On 17/12/2021 at 08:37, TheCountOfNowhere said:
Thought he'd have a job by Christmas, no chance.
Suprises me, I'm seeing large numbers of openings everywhere from minimum wage to jobs paying 120-150k.
Linkedin email inbox always getting stuff from recruiters.
LinkedIn sent me an email telling me over 25% of my connections had changed jobs in the last 12 months.
Theres reality and then there's what people want to see and think. Often these are two very different things.
If I lost my job today I'd expect to be in another job on an absolute min of 85k by end of Jan and at that rate I'd expect it to be remote working.
-
15 hours ago, SavingBear said:
When an average house costs approx 4x average earnings.
Not joint income, no shared ownership, no BOMAD, no "help" from the Gov or elsewhere.
Just this.....
When an average house costs approx 4x average earnings.
Seriously I suspect the 4 or 4.5 times single income won't happen again unless the gov makes changes to lending multiples.
I suspect in most of the country its never going below 4.5 joint income. Maybe up north somewhere I might be wrong. Scots generally seem more subdued so possibly there but like I said unless the gov regulates that I think difficult to see.
-
14 minutes ago, TheCountOfNowhere said:
Can't lose on pwopatee echos quite a lot round here
Of course there have been periods when you can but look at gov policy. It's do anything to support house prices. Will it go wrong one day possibly. That could easily be 20+ years away.
I don't run multiple accounts that really is paranoia.
As for 8 years to run on io. That's another weird thing about this site. Your beliefs are wrong. I've changed lenders a few times and have 21 years to go.
So riddle me this, what would it take for you to buy % off current prices, or prices to come down to a specific multiple? Or some other measure? I'd love to know.
-
10 minutes ago, Si1 said:
AAPL instead for the win dude.
I have a small amount of tech stock but not ms, apple or Google. I've a reasonable amount of bitcoin which I've held meduim term approx 4 years).
Buy to let's not dead. I intend to buy another one next year with my sons name joint on the paperwork for tax and inheritance reasons.
Tbf this site was far better maybe around 05/06 when loads of people like Wadsworth, ripenon the diversity of wine, sibley, Bruno, masked tulip etc posted. Got some really opposing views then. Now it seems to be an echo chamber for people who even if there was a big crash couldn't buy or wouldn't have the balls to get a mortgage.
-
9 hours ago, Locke said:
So when and for how much did you purchase your flat? The rent implies around a £500k valuation.
Paid 140k in 2004. Mortgage valuation was just shy of 300k. 1250 is a good price for a central Brighton good area flat with allocated parking. Plus we allow the tenants to keep a dog. I find tenants with animals are more stable and rarely move. Typically I don't up the rent each year. I normally do a big jump when a tenant leaves.
-
15 minutes ago, TheCountOfNowhere said:
I'm pretty sure you are here every day under many guises.
You're persistent I'll give you that.
This is serious paranoia
-
21 minutes ago, spyguy said:
Tax of 300/m due on the rent; 500 if HRT.
What is this tax you speak of?
-
18 minutes ago, TheCountOfNowhere said:
Why would some d head btl debt parasite come on a website concerned with the crazy House price bubble and tell everyone how great their investment strategy is.
Probably out of a morbid sense of curiosity to see how long people will stick to the same plan. Totally accept members of this site could not have forseen QE post financial crash but the writing on the wall has been clear for years now. The crask only really happens if you value houses in something other that sterling.
-
4 hours ago, TheCountOfNowhere said:
Who will they sell to at those absurb, it's my pension I'm not giving it away, prices.
I sit watching the housing bubble every day at the moment and I just wonder how and when it's all going to end.
This is hilarious. I fixed my buy to let mortgage on a Brighton flat earlier in the year for a 5 year term. IO mortgage in the region of £350 a month. Tenant pays £1250 a month. Why would we possibly sell up. This site like a cracked record and following the advice on here is potentially very financially imprudent.
-
8 hours ago, HovelinHove said:
West Sussex.
In my view you are being robbed. How much would this be in Hove? Loads of affordable low income buys round here https://www.rightmove.co.uk/properties/107783126
-
On 08/10/2021 at 15:32, HovelinHove said:
big surge in wages of those with a trade.
Hmm how much is declared tho. Lenders aren't to keen on self employed income.
-
4 hours ago, Casual-observer said:
It'll start hitting generation X when they reach their 50's and realise by that age their dads and grandads mortgages were paid off whereas they've spent a lifetime of 'renting everything and unable to retire.
Gen X turned out to be pretty hard workers. Most people I know in early 50s probably have paid off or nearly paid off mortgage many have small amount of buy to let 1 maybe 2 properties. This is South East. Given wages in North aren't that much lower than periferal SE but prices are much lower I would expect those guys to be doing even better.
Listening to advice on hear for years should carry a wealth warning.
-
I got 320k mortgage single income dirt cheap interest rate via Halifax recently.
-
On 30/03/2021 at 19:30, Pop321 said:
It’s been a dilemma for me, helping my son buy a house when we both know it all feels wrong.
My help was to offer some experience and buy as well as we could but really that’s still ‘playing the game’ that the TPTB want us to. I guess like my past of buying and dealing it’s been a question of ‘if you can’t beat them’....which leaves a bad taste in the mouth.
I still think some are over paying by some significant amounts near us....either nicely renovated places or new builds are way way over priced. If they are lucky they won’t lose money due to inflation but they have missed a massive trick. Some have been paying the price of a rough 1980’s 4 bed detached and instead buying a nicely decorated (or newly built) 2 bed terrace.
This will be interesting times. My son completes tomorrow and I will be focusing on some blue chip shares yielding 5/6%.....but will continue to watch the market. I still think there is room for falls across the UK...only time will tell
I will stay on this site because whether someone is right or wrong with their predictions the sentiment and moral compass feels right.
Good luck and hope to see your comments moving forward but understand and respect your decision if not.. 😉
5-6% yield blue chips... That's pretty poor rate of return. I doubled my money on 8x8 last year and my other cloud stocks have all returned far more than that.
-
6 hours ago, LandOfConfusion said:
There was a bit on the BBC today about plans to use what is effectively state aid to get broadband to rural areas. Since Covid I've noticed the number of articles like that pop up; it's almost as if a group of people used to the economies of living packed like sardines have suddenly moved away from that and now expect state aid from all those they've left behind.
Also makes me wonder when they'll start asking for state-subsidised gas, sewer and charging point connections.
Comes around goes around. 'more than half of the UK’s total spending on transport networks is invested in London' so why shouldn't rural areas get investment in broadband? Source https://www.google.co.uk/amp/s/amp.theguardian.com/uk-news/2017/feb/20/more-than-half-uk-investment-in-transport-is-in-london-says-study
-
1 hour ago, ucnvpe0 said:
Suspicious it's coming from the Evening Standard- one of the most pro house price newspapers I've ever come across.
I thought exactly the same. It is different in the countryside. People from urban areas will never know the excitement that the fortnightly visit from the chippie van brings. The sense of community is great and its lovely to be surrounded by real British people rather than some flip flop wearing a holes...
-
On 04/03/2021 at 20:47, Peter Hun said:
In London prices are still beyond impossible. No amount of fiddling can get buyers in.
I know someone who did the old buy a cheap flat so I'm a homeowner, then got a BTL IO mortgage on a house, rented out the flat and lives in the house... Obvs neither mortgage company know and I'm not sure if HMRC would try and do him for CG when he sells the house.
-
1 hour ago, MonsieurCopperCrutch said:
At what point do you decide to give up and admit to yourself that house prices will never crash on GBP terms?
At what point do you decide to give up and admit to yourself that the powers that be will never allow house prices to crash?
At what point do you decide to give up and admit to yourself that your hand wringing over GBP prices must end and personal action taken?
Now that you know the full details of the Budget what are your plans for the year ahead?
Personally, having held off moving since Autumn we will now be looking to upgrade our main residence.
I had expected an unwinding this year as the stamp duty holiday ended, basically house prices down by the equivalent of stamp duty and 2-5%. I wasn't expecting to see a crash (10%+). With the stamp duty holiday now extended and the gov commitment to low deposit mortgages I think it will just be largely flat maybe up 2-3% depending where you live. Be interest to see what happens in NW where I'm renting and there has been a lot of upward movement and London now that COVID is on the backfoot. Will interest in the NW falter will there be a rush back to London?... I have no crystal ball.
-
On 01/09/2010 at 15:02, TheCountOfNowhere said:
I've seen a number of posts lately along the lines of:
Went to view a house
Liked the house
Asking price is 250K
We think it's worth 200K
Estate agent tells me they have rejected an offer of 240K.
I think we might offer 245,
I'd say this is common practise.
I'd like this thread pinned so we can record E.A. selling strategies/bull***t that they come out with in various scenarios.
Anyone got any other E.A. "strategies"for coning you out of your hard earned cash ?
I found out yesterday someone I work with orginally offered 100k under asking for a new build. No idea what the asking price was but it's in London. Strategies work both ways. His view was he could always go up. I believe they've now agreed a price but don't know the finer details.
-
I knew someone through dog walking that got divorced and used her half of the money as a deposit for her daughter and her partner. After a while they found it strained living together and she regretted giving them the money as she felt trapped.
I think she should just bbuy the house and keep it simple.
-
I've just STR, bought last house for 350k 2011, just exchanged for 640k. I'm based in South East on the coast but moving to The Lakes. Not expecting much in the way of falls next year. Ultimately unless interest rates rise (not going to happen) or credit dries up (unlikely as well) there will be no significant falls. I work for a SaaS company in East London and my salary remains unchanged by the move. I expect we'll buy again 12 months down the road.
UK Property Lion calls the top.
in House prices and the economy
Posted
Oops https://fortune.com/2022/08/02/housing-market-correction-mortgage-rates/