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houseface2000

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Everything posted by houseface2000

  1. Thing is after tax and pension I earn £1400 so there is little left when you include travel (I'm lucky enough to get 2 months off a year) even doing simple things and consuming little there is no way I could save £700 a month. I'd need to clear £2400 for that to happen then the jobs look high pressure middle management, sales or IT I just couldn't do it tbh
  2. To become FIRE you must have to earn a huge salary. I am very frugal and earn a low salary because I enjoy my job. I imagine wanted to retire early is due to hating your job boring/stressful etc. If you have a creative job, relaxed later back working environment, friends with colleges etc it’s nice. It also makes free time more valuable as I feel I’ve earned it. There are losing rewarding jobs helping people, working with animals, being creative etc....
  3. Having been on the forum for quite sometime now I’m also guessing 70% aged over 50 95% male
  4. Just wondering what people on this forum do for a living and earn ? I get the impression the most prolific posters work in IT and earn £50k + am I right ? I am a Photographer and earn £22k
  5. 1% rise on £22,000, industry average is £25,000 (Studio Photograper) was earning £30,000 in 2007 not seen anything like that outside of London in the last few years ?
  6. The reason we have had low rates and QE is to stoke inflation. Looks like we will be winning this war and inflating away all that dept.
  7. What he forgots is he is the market for 90s semis lots of people don’t want to live in 90s semis. Can’t imagine Edwardian town houses would be effected in a sell off
  8. I said most people who don’t own! I.e non owners, would like to buy!!
  9. I’ve been saying this for years on here but seems to fall on deaf ears. My partner and I are low earners and got 5X joint income mortgage with Santander through which mortgage brokers in a couple of days. The broker said it’s a systems led process?? All we needed was 1 payslip and 3 bank statements. remortaged with Habeto (online broker) even less info needed didn’t even have to sign or post anything. my guess is the boe and banks want to appear to be sensible with lending but know if they are they will cause a decline in mortgages. MMR all smoke and mirrors.
  10. Sorry but your wrong re MMR. Real world my partner and I bought a place 2 years ago at 5x joint pre tax income. With Santander
  11. Yes but its the feeling of doing better than those who didn't buy! People can pat themselves on the back.
  12. Online agent Hatched.com owned by Conells has just closed due to being 'commercially unviable'
  13. I spoke to an estate agent back in 2016 when we bought (great timing I know) and he openly said he make all is money from buying up properties on the cheap and not much at all through his business.
  14. I see it as speculating rather than investing. They are hoping for capital growth
  15. Not a dash to crash as it says investor seek higher returns regardless of risk. I hardly see 2.9% a high return
  16. I sold my flat for £300k and after 2 months they’ve managed to rent it for £1000 so 4% before cost. £150 per month service charge and £125 letting agent so 2.9% presuming no voids. Thing is it still felt like I was giving it away as some other mug landlord paid £380 for another flat down the road that only managed to rent for £1000. I sold to a first time landlord. Old dear that had come into money. Lots of clueless people with lots of cash!
  17. Met a well to do Friend of my partner the other day. Lots of wealthy friends bought in central London 600k 1 bed flats. She said they were on 90% mortgages and are now in net equity. Quite amazed this is bigger news ??!
  18. They have gone up between 60%-100% since the last peak and have a long way to fall. Everyone seemed to think Oxford house values were the safest, I always thought the opposite. The fact they have overshot by so much due to btlers from all over the country and London money. Local wages are very low, this should get interesting!!!
  19. Hmmm possibility. But in both cases is about 6 months after having a baby...
  20. I’ve seen lots of chain free a couple of which I know were bought by ftb 2-3 years ago. Are they behind on the mortgage or do they think the markets falling and worried about net equity?
  21. Also making the assumption they will loose money. Many offer no move no fee options and lenders free valuations. Pull out of two sales and lost nothing in the past!
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