anonlymouse
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Everything posted by anonlymouse
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House price falls now widespread, say surveyors (RICS)
anonlymouse replied to Barnsey's topic in House prices and the economy
For what it's worth I agree with your position, but you do repeat it a lot and at length. -
House price falls now widespread, say surveyors (RICS)
anonlymouse replied to Barnsey's topic in House prices and the economy
Vengerjuice, Vengerjuice, Vengerjuice. 1500 word wall of text and quotes bookmarked from years ago incoming... -
"Lack of Interest" in Buy to Let
anonlymouse replied to oatbake's topic in House prices and the economy
Have you ever seen them in the same room? -
Great first post, thank-you. Interesting to me that even the biggest financial crisis since the great depression hit Zone 1 and Zone 2 with a massive...20% fall. Which it recovered from next year.
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If you think the response to the moon landings is bad try telling some members of this forum that their attempts to time the housing market have left them out of pocket and the 70% fall they need to 'break even' isn't going to happen!
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1/3 have no Pension Savings
anonlymouse replied to Mikhail Liebenstein's topic in House prices and the economy
i put another 7% aside every month on top of my own 5% contributions and 3% employer contributions. Still plenty left over for iPhones and avocado toast if you budget right. -
1/3 have no Pension Savings
anonlymouse replied to Mikhail Liebenstein's topic in House prices and the economy
Every employer now has to set up a pension scheme for their employees, and the government has set up nest for this purpose. Even if you chop and change jobs you ought to be building up a private pension at the same time as the state pension. I agree that 1/20 is a little on the short side if you want to be more than OK. But in conjunction with the state pension a £280k private pension ought to give an £8k annual drawdown in perpetuity which brings annual income up to £15k. I think that's adequate when your housing costs ought to be paid off by then. -
1/3 have no Pension Savings
anonlymouse replied to Mikhail Liebenstein's topic in House prices and the economy
Totally agree but over the length of a career - 45 years - you'll see a few boom and busts but ought to have average compound annual growth in that region. If you can put away as little as 1/20th of your salary to ensure a comfortable retirement then I don't think there spoke be excuses as to why that hasn't happened. -
1/3 have no Pension Savings
anonlymouse replied to Mikhail Liebenstein's topic in House prices and the economy
With a bit of diligence that's easily achievable. State pension is ~£6,500 per year, so that leaves ~£8,500 to find yourself. Any reasonable (index equities and bonds) portfolio should allow you to draw down about 2-3% per year whilst preserving value against inflation. That means you need a pension pot of about £285,000. Assuming the FTSE continues to grow at an average of 7% per year, someone on the median salary of £23600 has to invest £65 a month for 45 years to achieve a pension pot of £300k if they increase their contributions in line with inflation. That's 3% of their salary. In fact, soon enough the government will make it mandatory for employees to pay in a minimum of 5% of their salary into a pension, and for employers to match that up to 3%. Someone on the median salary will end up with a private pension pot of over £300k even if they never get a pay rise. -
1/3 have no Pension Savings
anonlymouse replied to Mikhail Liebenstein's topic in House prices and the economy
The general rule of thumb is that in order to sustain your current standard of living into retirement, you should contribute (age when you began saving/2)% of your salary. So if you begin saving at 20, then you only need to put 10% of your income aside (including employer contributions) for the rest of your life. If you leave it until your fifties then you need to put aside a quarter of your salary at least. -
Is Prime London Crashing? - Merged Threads
anonlymouse replied to Damik's topic in House prices and the economy
OK back on track then. A while ago I mentioned how both directors in the business I work for are struggling to sell. One of them had withdrawn from the market altogether, the other one has dropped their asking price 25% and still no interest 'not even any viewings let alone a cheeky offer'. -
Is Prime London Crashing? - Merged Threads
anonlymouse replied to Damik's topic in House prices and the economy
Yeah not sure we'll be able to make the next generation indebt themselves to the same extent that your generation has ours. Still thanks for the sympathy, sorry someone was so rude as to offer you enough for 1100% profit and not 1200%. -
Are we on the brink of social collapse?
anonlymouse replied to Midlifemum's topic in Current affairs
Lol, none in my social circle are higher rate taxpayers yet we all have good lives. Plenty of avocado toast for everyone. Viva la Londre! -
So it's October, anyone superstitious?
anonlymouse replied to Barnsey's topic in House prices and the economy
Honestly the amount of market timing on here is getting boring, and I've been lurking on and off for a decade. The structural analysis of the housing market is useful but this zerohedge-esque nonsense about divining exactly (to the day!) when a market is going to crash is useless. Another day on www.timingthehousingmarket.co.uk- 43 replies
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- great storm of 1987
- black monday 1987
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(and 1 more)
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Don't sell to rent, you're trying to time the market and that's nigh on impossible. Come to think of it, should this place actually be called housingmarkettiming.co.uk
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Who what what what where? Yeah, suburbs. If they count as London then so does half of Surrey.
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Best & brightest in design and construction are in London. All the culture, all the big offices, large scale projects, big melting pot of international talent. Lots of talented people outside London of course but they're far fewer on the ground.
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Source? That looks like something straight out of google sheets. In answer to OP's question, no, no everyone's flying out. Living in a commuter belt towns means being reliant on a car to get anywhere, and frequently there's nowhere to go anywhere aside from the usual spoons, giraffe, nandos etc. Even getting out into the countryside is a pain in the **** as you're stuck in traffic. Living in London however, a car is a largely pointless luxury. Public transport is busy, but it's fast, well connected, and I can pay a flat monthly rate and get anywhere in the city. I can use my phone to pay rather than ******ing around with change. London is famously a city of villages and each one has something to offer. I haven't eaten at a chain restaurant since god knows when. I have numerous galleries, museums, theatres, gigs, parks, sights, markets, pubs, bars, breweries, distilleries, game cafes, etc etc to choose from, open every day of the week and evenings too. Going to an exhibition or lecture after work is common. I can get to a countryside train station easily, get in a big 20 miles walk, get a couple of rounds in and get back into the centre where everything's convenient. There's a reason that 8 million people live in London, and you can tell yourself that we're stupid for doing so but the reality is that it's a better life than the suburbs.
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Must have been the removal of the tolls on the Severn Bridge?
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Barnard Marcus auction results (rampers look away now)
anonlymouse replied to mowlem's topic in House prices and the economy
hahahah, spiffing news. http://www.housepricecrash.co.uk/forum/index.php?/topic/230030-canaries-in-the-coal-mine/&do=findComment&comment=1103286332 -
From looking at Rightmove renting a 2 bed house in Tiverton is about £550 pcm. Living with their parents for four years would easily have netted them that amount in savings. Saving is easy if someone else is paying for the roof over your head.
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Halifax Sep '17 Predictions
anonlymouse replied to rantnrave's topic in House prices and the economy
http://static.halifax.co.uk/assets/pdf/mortgages/pdf/September-2017-House-Price-Index.pdf +0.8% -
House prices are on the brink of a massive collapse
anonlymouse replied to Mapatasy's topic in House prices and the economy
The money I earn gets spent at a shop and VAT is added. Part of what I pay goes to their supplier who pays import duty. Other parts go to their staff who get taxed on income again. Other parts go to shareholders who get taxed on their dividends. They're all paying tax again on money that's already been taxed. I don't see why an inheritance transaction should be treated differently to any other transactions.