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Everything posted by Mancghirl

  1. I concur entirely. I joined the TPS in 2004, they'd changed the T & C of the scheme by 2007, closing off certain benefits to new entrants. So, by 2012, we're looking at another change. The age distribution of the profession is skewed in favour of the over 50s, so there is further trouble ahead. Also, due to the nature of the job, teaching has a high attrition rate, so 1/3 of potential new entrants (paying contributions which would partially prop up the scheme) leave the profession within 3 years. I suppose Gove and the gang are relying upon the complete absence of any other employment for graduates, to 'entice' people into teaching. I expect we will see a massive stampede for the lifeboats in the next couple of years, as those who can get the existing benefit structure take advantage of the early retirement rules now closed off to everyone else.
  2. No, its better than that. The example teacher you have quoted will have their benefits protected, as will anyone <10 years from retirement. So the switch to career average won't affect them in the slightest. As ever, its the new entrants who will be getting the sh*t end of the stick. Still, they'll be able to afford the doubled pension contribs, eh? Its not like they'll be saddled with 30 or 40k of debt from University and house prices will be 10 times their income.
  3. The downright offensive thing was the original asking price of £300k, apparently.
  4. Thanks, just to clarify, I've never had a spray tan in my life and I've probably got more handbags than I could use in several lifetimes. The key word for me that sets alarm bells ringing in any newspaper or mag is 'luxe'. A made up word designed to imply luxury but really meaning 'borrow some more to pay for this sh*t'. As for irresponsible parenting, I'm a teacher in a secondary school. Sadly, I see examples of it everyday. Although I teach in a fairly deprived area, so there's less of this keeping up with the Jones' yummy-mummy cr*p and more of the general social breakdown, having children far too young/by multiple fathers etc etc.
  5. +1 The original story is v suspect too 'thought my husband would get overtime' erm, he's a teacher, love - we don't get paid overtime. And he was out of work for 4 months? Laid off? Or on supply - that might square with the overtime comment. In which case, how did they manage to get a £300k mortgage? On the upside, looking on the price drops in my locality and my savings spreadsheet, I reckon I can be in a position to buy without the need of a mortgage in 3.5 years. Then I can fritter all my money away on spray tans and handbags *joke*.
  6. Despite his credentials, he seemed like a bit of a lightweight (and I've only got 1 year of degree level Economics). He has this whole '6 killer apps which mean the Chinese are going to feck us royally and western civilisation is doomed' schtick. The audience seemed to be academics and old school retired bankers. His whole premise was based on the assumption that the US/EU was going to tank and leave China untouched economically. Which seemed unlikely. As they pointed out to him. He also had no clue about Chinese demographics, ageing population, family structures, impact of 1 child policy etc. He was also banging on about Chinese 'innovation', based on a flipscreen tablet integrated into a laptop he had seen recently in an R and D lab on a trip to China. Most 10 year olds could tell you those type of products are already in the marketplace and what he saw was just a clone.
  7. I went to a talk over the summer by Niall Ferguson. He was very much of the opinion that China was fire-proof as far as any downturn went. The (very knowledgable) audience pretty much pulled him apart.
  8. Oh! I forgot to mention the crucial fact that my parents were able to save up a sizeable deposit, in order to secure a mortgage in '73, was that after their marriage they managed to secure a council house (3 bed semi, garden, same village). Therefore, they had cheap rent and could save despite having a small child and subsequently another arriving. You'll find the type of house they had on rightmove, now being sold for £120k upwards after they were all bought under right to buy and no replacements built.
  9. Super, just a >500 mile round trip commute to where the house actually is. You would never get a part-time office job paying £15k in Rochdale, I can assure you. My mother pays her administrators less than that full time and that is in central Manchester. Fitter jobs in the North of England (assuming you can find a permanent contract), come in at around £17 to 18k.
  10. Good post and a welcome dose of realism. My folks bought in mid-boom 1973, but my Dad had an engineering job and my mum worked part time in an accounts office. 3 bed semi-det, nice village, massive gardens and garage, £6500. Both aged 28/29. Similar Property Show me a late 20s couple with 2 young children, one working as an electrical fitter and a part time accounts assistant (or similar) that could get together the deposit necessary, without any parental support and secure/service a mortgage for £170k. My Dad also had a reasonably new car of the Ford Cortina type price range, throughout this time. We didn't have overseas holidays, but regular Uk holidays and what passed for consumer durables in the 70s/80s. My parents had a pathological fear of debt and the mortgage was the only thing my Dad ever took on, he was a bit of a zealot about it. The odds are stacked against young working people today.
  11. Estimates of 'wealth' which are predicated upon assumed property values will look radically different in 5 years time. How many of those properties are mortgage-free and actually OWNED by said boomers and not the lenders?
  12. Nah, I'm sure there's LOADS of young couples in South Wales, earning 70 to 100k between them, just itching to buy a house for over 200k that the owner must have paid <50k for. Pwil has had something of an epiphany though, he 'went to check out the opposition' and found some much bigger, nicer, cheaper houses which were also not selling. He just couldn't join those dots up, though, god love him.
  13. I was on holiday from work today and had the misfortune to catch some daytime TV - our old fwiend Phil's show 'Secret Agent' was in Wales, in such an area as the OP describes. He took an overpriced and badly decorated semi-det, persuaded the owners to sink a load of cash into improvements, marketed it at the same price - and lo!!!! It remains unsold. Well done there. Pwopewty Expert
  14. Poor bloke. I cannot believe the TDA are still pushing that line. Much as more men are needed at Primary level, frankly, they should not be recruiting onto Primary PGCEs at all - there are no jobs and a growing backlog of unemployed teachers.
  15. If he's qualified for Primary, then the jobs market is dire. Secondary is still subject/area specific in terms of vacancy levels. Maths Teachers virtually anywhere will find a position, History teachers not so much - it's Inner London or supply. Even then, supply is limited as schools are using Cover Supervisors. I only qualified in 2004, and the change is shocking - schools were contacting universities direct to find candidates for jobs, I didn't even have to apply for my first teaching post. On the upside, the age profile of the profession is skewed massively towards the over 50s, most of whom will try and bail out if the proposed changes to pensions go through.
  16. Hmmm, a tempting offer.... That's why I never bought in at the peak of idiocy here....a friend earning less than me told me 'I'd NEVER be able to afford to buy' if I didn't get 'on the ladder' when he did (i.e. the peak). He has knocked 50k off his flat and can't shift it. 4 more on his small street, all the same size, not selling, just a race to the bottom. Meanwhile, I am living in a massive place in a prime location. If I need to move, I can be out of here in 4 weeks and onto the next place. Its not in my interests to buy for the next 5 to 7 years, due to work - I'll need to take a few job moves to get to where I want in my field. No kids, so no need for a garden and a white picket fence etc.
  17. Am 38, single income of £45k. Have a final salary pension that I pour additional contributions into. Savings from salary and inheritance are tied up for fixed terms. Renting a property that would be marketed at well over 500k - not that anything is selling here- for £1100 a month. No significant debt, couple of hundred on my credit cards. Looking at friends who are now in Neg Eq., I'm pretty happy with my own situation. Might buy for cash but that is at least 5 years away. Concentrating on career at moment, which may force a relocation.
  18. Most of the kids I teach seem to get p/t jobs when in Years 11 to 13. Usual stuff like shop work, supermarkets, waitressing etc. We are in a coastal town with some tourism, so seasonal work available at holiday parks etc. Don't know what its like elsewhere in these tricky times. We don't seem to have much E/European immigration either, due to being in the erse end of nowhere, so not much competition for the jobs other than amongst the teenagers.
  19. Extended semi, facing a council estate, in a less than salubrious bit of Leeds? 80k tops. Mancghirl, your friendly northern valuation specialist.
  20. If you read the recycled press release carefully researched article further, it appears they are talking about I.O. 'repayments'. Morons.
  21. Its been up since last summer, yet strangely not sold. There are 2 and 3 bedders on Trinity Cres not shifting at 150-160k. One has been up for sale for about 18 months now.
  22. Fairly shitty council estate but by no means in the bottom 10 grimmest in Edinburgh.... http://www.rightmove.co.uk/property-for-sale/property-16252008.html Have just rented a flat in the New Town 'valued' at 650k for £1100pcm. Totally lush. Good times.
  23. Quite right, RB. I give money directly to an orphanage in Africa, which pays for the education, food and clothing for 2 primary age children for a year. I used to donate to Oxfam, as they told me that a certain monthly donation would pay the salary of a trainee teacher in an African country. Then I realised that most of the money was going to fund offices in central London etc.
  24. I am a Secondary school teacher. You speak a world of truth. Decent and hardworking folk beget children with the same values. The 'problem' kids are so rarely from a household which has both employment and stable parenting (I include single parents who have decent values and step-parents in the 'stable' category).
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