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DonJop12

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Posts posted by DonJop12

  1. At some point in the 1980s my parents were given a secure council tenancy. The tenancy gave them stability and the confidence to start a family. Today it is unthinkable that a council house would be given to a couple in their early 20s that both worked. I now feel financially stable enough to consider starting a family, but I am a decade older than my parents were when they had me. 

     

     

  2. I experienced this recently. It is one thing handing over two recent payslips. It is another when you are generating admin for your employer who has to fill out a form as well confirming certain details. I am not convinced that the process was GDPR compliant. Anyone who knows my e-mail address and DOB can access my NI number.  The reality is that landlords have the whip hand in certain cities. You do what they say, or the property goes to someone else…

  3. On 06/05/2021 at 11:01, MancTom said:

    Also lots of young people vote Tory and few young people read newspapers, so newspapers cannot explain why people vote Tory. There are also several well known left wing newspapers available and people don't choose to buy them, preferring right wing ones that match their views.

    I would buy The Guardian were it not £3.20 for a Saturday edition.

  4. On 29/04/2021 at 13:28, MonsieurCopperCrutch said:

    I have zero sympathy for anyone on here who voted for the Tories and are now priced out of the housing market. You got what you deserved. Now suck it up buttercup.

    Discuss.

    I suggest reading the Gransnet forum. The financial "dilemmas" of the boomer generation do not generally concern how to get on the property ladder.  

  5. 20 hours ago, steve99 said:

    Its a pitty that most 18-30 year olds couldn't be bothered voting again in the last 2 elections. If the had collectivised and voted Corbyn in, housing might now be on an improving trajectory, both rental and purchasing. 

    Young people will never be able to outvote those who benefited from cheap housing and decent pensions. We are outnumbered.

    In any case, I am not sure that housing is as big an issue for voters north of the Bristol Channel and The Wash. I spent yesterday in a city in the midlands. It was an eye-opening experience for someone who has lived down south all their life. I visited a suburb where you could buy a house for 200k. By a house I mean an actual freehold property with a garden and two bedrooms rather than a leasehold rabbit hutch. In the midlands people on average incomes can achieve traditional markers of adulthood such as buying a property and starting a family.   

     

  6. 2 hours ago, longgone said:

    not really 

    35k average wage in and around london. 

    a semi is 450k plus now and not a great area either. decent area a semis is 600k plus to 1m 

    detached 800k plus to anything. 

    unless you earn 6 figures forget london 

     

    Indeed. I will "gain" another £1,000 tomorrow when I max out my LISA for the new tax year but that is a drop in the ocean when trying to buy in London. 

  7. 9 minutes ago, winkie said:

    We will be seeing more of our own students studying for longer......one course to the next, using time in a useful way.;)

    This is something I noticed with my peer group during the last recession. Postgraduate study to try to ride out a weak economy.  

    It is almost as though people become a bit institutionalized. Taking into account SATs (including mocks), GCSEs (including mocks), A-levels, and a degree I once worked out that I completed over 100 coursework/examination assessments over eight years.  

    Contrast this with my father who left school at 16 and therefore had an extra five years of earnings at the age I graduated.

  8.  

    I have just opened a Yorkshire BS account paying 1%. Only out £5 in to get the foot in the door and get the ‘paper work’ sorted. Then I will top up. 

    That’s my top tip...if there is a deal and you are mulling it over then open the account in the meantime - taking care to make sure you can add to it of course. Sometimes they stop new deposits on existing accounts but that’s much rarer that just withdrawing the facility to opening new accounts. 

    I might open a Coventry one tomorrow if it lets me  😉

     

     

    Yes – do not delay. Yesterday I was mulling over opening a West Brom building society account as it offered a dizzying 1% interest rate. It has already disappeared.   

  9.  

    I don't know. Personally i'm bored of moving my housing deposit around to try and gain an extra 0.x%. 

    I cashed out my Nationwide ISA earlier in the year to buy income bonds when NW dropped their rates. Because of ISA repayment flexibility I could put it all back and get 0.8% but I haven't seen any annoying Nationwide TV adverts recently so maybe they're the bank in trouble.

    I'll probs just leave it where it is. At least it's safe and i'll be spending all of it in about 6-9 months hopefully.  

    Ditto. I have moved my deposit fund every December for the last three years.

    Post Office > The AA > Marcus

    I’ve worked out that a move from Marcus would allow me to gain an extra £50 a year which  is hardly going to help me compete with the local BTL boomers.

  10. 5 hours ago, spyguy said:

     

    Any job advertised in the job centre feeds into loads of people who a required to look and apply for jobs.

     

    During the last recession I had to apply for lots of jobs I was not qualified for just to keep the dole money coming in. I am sure the applications were annoying for some HR departments, but I did what I needed to do to survive.

    This time around I have been very lucky. I have a pretty recession proof job (work increases rather than decreases during recessions) and I am getting London weighting despite not commuting so effectively a pay rise. 

     

  11. I’m seeing a few posts go viral from people who have clearly spent months sending CVs into a black hole. I’m very lucky that my current employment has seen a 4x increase in workload during the covid-19 period. I’m in the right place at the right time but it is luck on my part.  

    I graduated at the peak of the last recession and I also know what being in the wrong place at the wrong time looks like. It was terrifying graduating around the time of the Olympics.  The key takeaway points from that period:

    ·         Experience is more important than grades although in a recession nobody wants to train.

    ·         Employers do not have to respond in a recession. They can be as rude as they want.  They can make you jump through hoops like a dog at crufts.

    ·         The stigma of unemployment sets in surprisingly quickly. I remember an interview with an insurance firm (off Fenchurch St) where the first question was ‘how long have you been searching?’. That is never a good sign.

    ·         A CV gap can become incredibly problematic

    ·         Not having a ‘rainy day’ fund can also be incredibly problematic. I have a five figure rainy day fund now!  

     

  12. My Dept at work has seen a 3x increase in work during covid19 so there is no immediate prospect of a Universal Credit application.

    I am too young and missed the boat re house price inflation. I would have needed to get a mortgage when I was still in nappies.  

    It is a pretty grim thing to say aloud but I feel as though my chances of home ownership are increasing the longer this goes on.

     

     

  13. 2 hours ago, bomberbrown said:

    I don’t think I’ve ever seen such pro HPC comments on a Daily Mail comments section!  Going by the best rated comments alone, I get the feeling they are from a younger demographic than normal.  Perhaps the ‘kids’ are finally getting it?

    Strangely I had a DM comment moderated (removed) this week which has never happened before.

    Someone clearly didn’t like the suggestion that Coronavirus would be good news for FTBs!

  14. 1 hour ago, spyguy said:

    My niece has started a job that she could have done at 18, rather than 24 with a 10% slim on her earnings for the next for a degree that has nothing to do with her job.

    That is what haunts me re my time at University.

    Ultimately time spent cannot be regained.

    My time chasing a degree amounts to years of lost earnings.

    I simply didn’t appreciate the value of time aged eighteen.

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