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About DownandoutWT

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  1. +1 Infact I think we are about the only couple in our network who haven't had a BOMAD bung. We have had to do it all on our own. And we have done OK, we have our little house but it is straining now little down and outs have arrived. PIL are not in a position to help, and my parents would have to eat handfuls of hot gravel before they helped us like that. How do you compete when someone else is gifted £50k? Canny parents bought cheap as chips houses for their kiddies at uni - which they let most of the rooms out - then sold for massive properties. Well late 90s early 00s it was possible anyway.
  2. Boomers; They have had it SOoooo good. Back in the day you could buy a detached 4 bed on a single busman's wage, and let inflation erode the debt away. Your office job (core hours only) was protected by a strong union. You didn't spend all day, all night, or all weekend responding to emails, heck a secretary sorted the flim flam before you had to worry yourself about it. Money in savings accounts rocketed, as did your gold pension; you retired early and spend your days in self agreement that 'kids today don't know the meaning of hard work'. What does the busman's wage today buy? F all. Even when you add the wife's care worker salary in (when she gets paid from the zero's hours contracts). At best you can afford a flat or a cardboard box on a sh:ty estate. Build for maximum profits by the building company who's managing director doubles up with you for a boat share. Here's the deal. All the stuff you have had; the pension, the pay rises, the welfare. All of that you did not pay for. If you did - why is there a national debt? No you didn't pay for it, you stole your children's credit card and maxed it out before handing it back 'sorry there is no money left'. W@nkers.
  3. DownandoutWT


    Fricken boomers.
  4. We too bought (late 2005) as we were fed up with renting. Prices according to Zoopla are up by 15%. Having a relatively secure home position has been great. To move up the ladder we are looking at double if not triple our house cost. But we can afford the repayments, so unbelievable as it seems we are considering the move up. I honestly, hand on heart, do not see a collapse in prices until at least 2020.
  5. There are many people out there who work as Ltd Co contractors. Rates in IT vary but £400+ per day is a reasonable guide amount (many earn considerably more). Assuming no IR35 issues, the income p/a is very lucrative i.e. turnover of £110K+ p/a (comparable to at least £80k p/a permanent salary once taxes are paid). What does this mean - well effectively lenders will lend around 4-5 times your annualised contract amount; which means a mortgage of £400K+ is relatively easy to obtain. Especially if you have a few years accounts to back you up. Clearly a fat deposit is still necessary - and for a £500k house we are talking £50k for a 10% deposit; but that isn't beyond the wit of man to a contractor who is at the top of their game. House prices are bonkers, and possibly unsustainable; but don't underestimate the amount of people readily capable of buying a property in this bracket (and not getting into too much of a sweat).
  6. Corsham and Malmesbury are worth a look.
  7. Hang on a sec mate. This country is in the toilet thanks to the pension generations efforts in the '80s and '90s to create a state which benefits them hugely through the future suffering of the subsequent generations. I would like pensioners to put their hands in their pockets an help contribute to the recovery. Everyone else is helping pay for it - so why not pensioners. Triple lock and universal benefits for pensioners are not fair. Not when everyone else doesn't get anywhere near the same support. It ain't exactly easy today, for people under 40, in this economic climate to make a decent go of it. Not when so much disposable income is on housing.
  8. We should give them 10% p/a. No, actually 50% p/a. ****** it, why don't we just give all pensioners all the ******ing money and then they can wipe their arses with it.
  9. Seems to be a lot of family homes (£200 - £400k bracket) that have been on the market for a long time, at very high prices. These houses are, invariably in need of thorough modernisation. The seller of the view that if the kitchen and bathroom has been well looked after for 35 years, you can charge top draw for it. There are then, the occasional home, which relative to all the other sh:te on the market looks better value. These rare properties fly off the shelf. Demand, therefore, for decent sized properties, reasonable garden, good location etc is still very high. Curiously I do not think that all the demand is coming from families moving up the ladder, but rather downsizers (escape to the country types) looking to trade down their 6 bedroom 2 acre mansion for a pom de terre.
  10. you've got to seriously think twice on any property next to open land. sadly, today, a developer can do anything they ******ing well like on green land.
  11. I've got to leave this madness. This country is a ******ing windup.
  12. I've got it. An 'iPhone Tax'. Anyone who owns one [mainly under 50yrs old] clearly has too much money, so a special tax for them. It could be progressive. If you have a iPhone 6 you are taxed £1,000. but if you still battle on with an iPhone 4 [god help you] then you are taxed £650. The revenue could be used to help subsidise easy to use big button pensioner mobiles. Or even, and its a bit radical, to pay the minimum wage to a 18 year old who follows a pensioner round on a lead and helps them with modern technology. A sort of 'guide dog yob for the technophobe'. Brilliant.
  13. Give everyone over 65 years old £10,000 cash/annum. They need it... cottage garden club trips are expensive.
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