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House Price Crash Forum

IsThisRealLife

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About IsThisRealLife

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  1. You become kind of desensitised to this sort of thing when your job is literally predicting when people are going to die. It’s quite morbid really.
  2. I wonder if we’ll see reduced mortality in the next couple of years due to all the deaths that have been “brought forward”.
  3. Something is missing from those numbers. UK deaths are pretty consistently around 600k per year.
  4. “Be fearful when others are greedy and greedy when others are fearful” When most of the population are panicking and rushing to sell in fear of big falls, just remember, most of the population have no idea what they are doing.
  5. As much as I believe we’re due a crash, I finally caved in towards the end of last year and bought a house. With a baby on the way we didn’t want to be stuck relying on a landlord. We bought somewhere small and affordable, much to the dismay of the estate agents involved (you can afford much bigger so why is your budget so small?). £170k for a 3 bed semi, no work needed to be done, small garden, driveway with room for 3 cars, 10 minute drive from the city centre. Will do us perfectly for now and we only had to borrow 1.5x our joint salary to buy it. Unlike many other homeowners
  6. The only help I got from my parents was encouragement from an early age to do well in school. My parents earned enough that I was not entitled to the bare minimum when it came to maintenance loans at uni etc, but not enough to support me financially. Once I turned 18 and went off to uni I was on my own. Went to university and worked pretty much full time to pay for my living costs, used student overdraft to make up the difference. Graduated, got a good job (in a different city, I strongly recommend being geographically flexible when it comes to finding work at a young age) and worked
  7. I can confirm. I am an actuary and have done some work on with profits. They can be very complicated and not very transparent due to the high level of discretion involved. I disagree however with people that say with profits products are a scam. Although they are not for everyone, the products are managed in the policyholders best interests and there is a huge focus by the main providers on treating customers fairly.
  8. Some interesting headlines on there. This one looks familiar: FRI 29 JUL 1988 - The Times Action on gazumping;House prices The professions involved in house transfer have set up their own working party to consider estate agency and issues including gazumping. The working party, initiated by Mr Michael Clark, former president of the Royal Institution of Chartered Surveyor...
  9. The problem here is that nobody knows when those "deep lows" will be. We could get another 5 years of growth, even though we seem to be at the top of a big bubble. Your cash sitting on the side misses out on 5 years of growth + dividends, and when the crash finally does come around there's no guaranteeing that prices will fall below today's levels. Of course it's easy to say in hindsight when the best times to invest would have been, but it's very risky to make those decisions prior to the events.
  10. I think many people are just obesessed with being in London and think anything outside the city is a wasteland with nothing to do. Im in a great position financially. 3 years out of uni earning £60k. I had a call from a recruiter a couple of weeks ago. Usually I just ignore them (I guess they have my details from when I was applying for grad jobs) but this time thought I'd answer and see what the market is like. After finding out my salary, he proceeded to tell me how much I was being underpaid. "I'd be able to get you at least 70k in London right now". His reaction was priceless wh
  11. Having had the long commute in the past, which varied massively depending on what time the train decide to arrive, I've made the decision to live within walking distance of wherever I work. Im happy to pay that little bit more to live close to work, and currently have a 10 minute walk each way to work. I can tell that colleagues with the longest commutes are always the most stressed. My boss travels 90 minutes each way, turning an 9 hour day to a 12 hour day. I don't usually take a lunch and so in a normal day I'm out my door and back in around 8.5 hours - this changes in busy periods, bu
  12. I haven't really looked at the data as a whole, but I can speak from my individual experience. Growing up, I was very good at maths. I had a friend from primary school who was at a similar level. I went to Grammar school, but he went to a local comp (I think it was because his cousins went to that school). We both did equally well in our first few years or secondary school, but then it changed. At the grammar school, in the top set we did our GCSE in year 9. My friends parents asked his school whether this would be possible. Though they recognised he had the ability, they didn't have the faci
  13. I'm fortunately in a good position and could buy if I wanted to, but the majority of people aren't and I find it hard to believe how crazy the situation is! I'm a newly qualified actuary, planning to move jobs soon for a big pay rise!
  14. Yes, you could get a 3 bed terrace for less than 400k, but you could also get a 3 bed semi detached for less than Half of that up north. I think renting is the better option for me in the short term, maybe in 10 years or so If I really want to own I'll pick up a cheap semi in the north west (my homeland) for cash.
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