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jackwhiteisgod

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About jackwhiteisgod

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  1. Agree Cameron and Osborn much worse than boris and rishi. Cameron and Osborn were completely cynical and self serving. Osbornes austerity was demonstrably the wrong thing to do (reducing gov spending when economy was cool) but he kept doing it anyway. Help to buy was known to be inflationary on house prices and would exacerbate inequality as Mervin king and others identified but he did it anyway. Cameron had no principles, did the referendum and then ran when when it didn’t go his way. Don’t like cons generally eg the voter id laws (suppression) but on balance current lot better than last lot
  2. Would never buy a flat as I think the whole freehold system is another con… yeah should be in anecdotal you’re right. I guess there is the opportunity cost of owning over renting, but it’s just mad that the cost of owning goes down (interest rates falling for the last 15 years or so) and renting goes up. I know it can’t go on forever but it has been my entire adult life
  3. Just an anecdotal on how stacked the system is in favour of asset owners. moved to London from Scotland after graduating 2011 due to no work in Scotland, spent 7 years renting mainly living with friends but different people every couple of years and having to move flat. Without fail the rent would go up min £50/month every year, so when I first moved down it was £550 a room and by the time I left it was £800 (albeit a nicer place). Took 7 years to save up a deposit of about £30k plus some extra for a car, furniture etc Moved to Scotland, bought a house for £235k two years ago below home report value, now valued at £50k more, LTV has improved massively so better product when remortgaging, interest rates have dropped, mortgage is now £100/month less than it was two years ago. so to summarise, 1. renting, rent goes up £50/month/annum, savings must be earned and from taxed income, takes ages. 2. Buying, mortgage goes down £50/month/annum, get £50k free tax free gains the unfairness is actually staggering, and compounded the less you earn/own vs the more you earn/own the system is rigged
  4. Ordinarily i vote Labour but not keen on the wokery and to a lesser extent anti brexit (anti democratic) aspects of the party. But anti wokery is not enough for me to vote tory with the Osborne housing legacy and recent attempts to move away from proportional representation, eg in the mayoral elections. I live in Scotland so, Labour first vote and sdp on the list vote for me after reading these policies. Didn't read anything I don't agree with. Surprised they aren't a bigger force in politics. . . (?)
  5. Those stairs do not comply with building regs. Especially given they look to have only been installed recently. No handrail, no railings to prevent fall. Any surveyor will tell a would-be buyer that one would hope and so it would be unmortagable. This is like the whole grenfel thing, noone is keeping tabs on building regs enforcement
  6. I moved from london to glasgow last year. Worked out really well. Bought a nice house and car and work less hours. Took a 5k pay cut woop de doo much better quality of life (except the weather)
  7. If you don't need the money do it. You can get three times the amount back and I know people who have managed get this
  8. Got 15k from the grandparents. Supplemented with 25k myself and 10k from my gf. But we aren't buying in London with 50k deposit, not worth a lifetime of debt for sod all. Moving to scotland at christmas where our money will go so much further. Might get another 10k from the folks, but, not needed in scotland. Just means a nicer place or less debt
  9. I reckon my salary will drop from 45k to 35k and my gf from 40k to 35k but even after that we will still be much better off. We lose about 750pcm between us but houses are 1/4 the price of London i.e 150k average so it still makes sense imho and we will be living in a better place as value is so much greater so our quality of life will also be increased.
  10. Update: I'm leaving! Did stick it out for an extra 18 months, finished up some projects, upped my skills, saved some more cash. Now have a lovely new gf from near where I'm from who I see a future with and we are going to head to where we are from (nice cheap big city oop north) with some decent savings into a reasonably healthy job market. Needless to say my boss is annoyed but doesn't deny the reality of the situation and short of doubling my salary he can't really change my mind, the remainder of my friends have left in the past year anyway (for the same reasons). Ive said whoever he gets to replace me he better make sure they are ten years older than me or independently wealthy! Onwards and upwards! Just hope i can find a decent job!
  11. I can see why they're losing money in Aberdeen on the awpr https://m.facebook.com/AWPRRANTS1/
  12. Well that's depressing but refreshingly honest. Yeah I think my career ceiling is about 50k which I might get to in about 3 years but as things currently stand that's still not going to do me much good. My own stupid fault for being born in the 80s I suppose
  13. See my thread in anecdotals on 30-35Yo's. 9.5/10 everybody is leaving
  14. Thanks for all the feed back, I'm still undecided, I have about two weeks before I need to bite the bullet and prepare to move to yet another flat for 12 months or give my boss his notice. Sadly I don't have a 90k inheritance, but I've saved 30+k. That means my Max is about 200k, which, right now get me Jack-sh*t. In London. Glasgow however; beautiful 2or 3 bed in Victorian grandeur, house full of nice furniture and a car. Might wait one more year, save another 8k or so, finish up my projects at work.. hmm
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