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GregBowman

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Everything posted by GregBowman

  1. Which is really what BOMAD is about but generally spun negatively. People I know have helped their children although it would cut down their retirement savings or they have had to remortgage
  2. LOL just been there !!! fab croissants, they are banning all one use cups from next month, great move. Couple of pints in the Crown and Anchor with a prospect and then lunch at Dishoom followed by a couple of up town sherberts You can keep staring out the window in the provinces at 5 for me WFH. Its my town and I still love the place after all these years
  3. NYC is nothing like London Insane harsh environment to work in NYC for even very high earners. The majority renting. I am in Covent Garden today indistinguishable from a day at this time of year three years ago and thats without the full volume of tourists
  4. It was hard enough starting my own business, can't see myself building roads, starting a police force, and a voting system. I guess this is your last post because if you truly believe tax is theft live off grid
  5. Of course it’s a different system. My point is it makes our council tax look negligible. It’s a tax that really has to be taken into consideration. Many people have to retire to cheaper states because they can’t afford the taxes out of a fixed income on retirement
  6. Differences: A good rate in the US is 2-3% When you sell you pay agent and finder agent around 4-5% Property Taxes in the US are anywhere between .75 -2% of what you have just bought for. So a £300k flat in Blackpool could be £6k a year in 'council tax' Typical mortgage lengths 10 years + I am not saying its powering ahead just saying the US market has very littl ein common with the UK
  7. It's a totally different market, Property taxation, length of mortgage and the fluidity of the market. Hard to draw parallels
  8. Many of us have gambled with the family home for years with business loan guarantees on them. Timing the top of the market is high risk though. Worked very well for me once and 2nd time small loss or net neutral. Although as the price of property you are selling increases especially if you are downsizing it can still make sense taking a deal there aren't that many transactions relatively at the upper end and decent buyers are a rare commodity.
  9. I wouldn't, got very lucky 1st time. 2nd still have done ok the lack of chain helped buy but if we had moved straight from the existing house to the one we are in , we wouldn't of paid £20k in rent for a sh!tehole, offset by better bargaining position and the cash freed up some going into pensions etc. Probably still cost us £5-£10k.
  10. Its very high risk, worked for me though first time very well, sold in 2007 bought in 2010. You also make a good point re savings rates which effectively paid the rent. Tried it a second time in 2017 (only because I couldn't find a house) but was sticky we are in a perfectly acceptable house now but had to dive back in 2018, fairly obvious supply was drying up. Wouldn't chance it with the current shortage of decent houses.
  11. I agree on all fronts although my daughter is in the civil service and in tech. There seems to be a recognition of this, she has progressed rapidly ( level 6 at 27) wasn’t on a fast track or anything , and it seems central government is throwing a lot of money into central departments rolling out tech. The control it gives central government hasn’t been missed
  12. This has always been a conundrum and decent technical career paths only seem to be in select industries say car manufacturing or pharma In IT very rarely is there a technical career path that matches the rewards of non technical paths even in pure tech companies. The rewards in sales, marketing, senior management ( which pure techs seem to struggle with) always seem higher and the runway longer
  13. Your mess for less in the first year and then let the good times role , out of scope was my favourite phrase 😉
  14. Is that The Switzerland that hides behind a rock, expects the world to shed blood to protect them and stores anything without asking questions ? yep they love democracy so much they let other people defend it Arguably the most hypocritical nation in the world and it’s a high bar
  15. Doesn’t that prove the complete opposite ? Sort of ringing up the garage because your car hasn’t broken down after a service ?
  16. Wasn’t my experience. With businesses to run and pensions to be maxed don’t think you can generalise, boomers in gov maybe but plenty of Ministers younger than that now.
  17. In an ideal world perhaps but that’s not typical behaviour Look at when most businesses go bust it’s not in the survival stage of a recession it’s towards the end as the economy picks up. Imho humans struggle to move quickly from survival mode to innovate and thrive mode
  18. It’s far more complex than that, for instance addicts often exhibit passive aggressive controlling behaviour. By definition often enjoy being out of control and obviously a broad range of intellects. I have also seen the same behaviour from people having affairs for obvious reasons This is your take on it based on your personal experience I guess
  19. You are getting mellow in your old age 🥂🎄😉 Great sentiments and as someone who has been on here for over ten years it really is a great forum because most threads have F*** all to do with house prices, I do have trouble explaining that to people who ask why it’s the only open forum I have stuck with ! Happy Christmas everyone Edit: by the way in case you think I am sad posting at 4 in the morning Christmas Day ( I probably am to be fair ) flying to see our son in the states today, pretty excited and relieved it was still on after all the shenigans in December
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