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Notting Hell

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  1. The reasons to actually leave your home are decreasing very quickly (and therefore need a car) WFH (if this option is available to you) Supermarket deliveries effective zero cost Virtually everything else can be obtained online and delivered to you Remote medical care emerging where possible Parcels can be collected from house (no need to take returns to Post Office etc.) Depends on your lifestyle of course (work commitment, socialising, children, medical need etc.). Any other examples where traditionally you would have to leave home to get something
  2. Where do you think the opportunities are? My strategy is to minimise housing cost to free funds for elsewhere.
  3. Very interesting post thank you. Particularly the 2nd Rightmove link. Aug 2002 £185,000 Jan 2021 £920,000 5x the price in just 20 years This growth curve is just not available for millennials.
  4. I agree that if you considered beginning FIRE say 20-30 years ago due to HPI your efforts probably would have been null and void. You would have been better taking the leveraged bet on a bigger property, rather than minimising housing expenses. But what if you were starting out today? The prospect has changed significantly. There are two options: 1. minimise housing cost (room share-->flat share-->studio-->1 bed flat-->...) 2. take out a jumbo mortgage and hope prices keep rising It's not obvious to me which is the best strategy. What do you think?
  5. Just to clarify you mean to be successful you have to put more in (spend more to earn more)? Do you mean socially or financially. Could you elaborate a bit I would like to know more about your philosophy. I agree that a hybrid approach as you suggest is better. Some do take it to an extreme. It is interesting that you think that. Why do you think the more expensive house is better? An old banger or a Bugatti gets you from A to B. I suppose my point is more nuanced, obviously a 1M is better. But the question remains, should you exchange your labour for the 1M house or just buy a
  6. I think part of it is to do with the fact that at the point of taking on the debt burden, you are not aware that in future your desire to work may have changed. You could get a job you like, spend spend spend, but then in ten years time realise you actually hate it and have no way of exiting your obligations. Minimal spending, especially early on, gives you an option. Furthermore, it is not incompatible to minimally spend and have a job you enjoy, and have a good quality of life. Minimal spending doesn't necessarily mean living like a monk. There is a movement known as FIRE (financial ind
  7. There is a lot of truth in your post. It has always made me wonder why people borrow the absolute maximum they can to buy the biggest house possible, and then finance a car, and then create two more wage slaves etc. What's the point? Why feed the system? Spend the absolute minimum possible on life expenses, and get out of the system as soon as you can. Be in a position to not work if you don't want to.
  8. Thank you for the information. Why do you suspect that the cash sale was allegedly turned down then? A sale is a sale.
  9. How do you get the broker price/where from? How do you get the manufacturer discounts/know what they are? Where do you get this information from? Thank you.
  10. I completely agree, but who is going to step up and form a party that represents the interests of millennials? Who is competent enough to do so? Who, paradoxically, has enough established wealth to pursue a political career and therefore not suffer from the problems millennials face to the same extent and therefore are representing a class of people that they themselves are not in? If that person doesn't exist who is going to take the risk? The perpetual complaint that "the young don't vote" is a non-issue: they have no one to vote for! No one represents their interests!
  11. Apologies, I quoted your quote rather than the original post. The point, however, remains as you say.
  12. Your success is solely down to Bitcoin luck. Society deemed your graft at university and work doing a HARD subject as worthless. A broken social contract.
  13. 1. Determine cost of resettlement fees if you take out finance 2. Negotiate resettlement fees as a discount on the cash price of the car +£100 (you are doing the dealer a favour) 3. Get the car you want
  14. OK fair enough, perhaps I have misjudged the objective slightly here. Roll of the dice careers definitely. Lots of careers in the 1st estate fall into this category as well really. I am now in my 40s but I knew lots of peers who went in for corporate law/banking/finance etc. but burnt out and became disillusioned after only a few years. The 1st estate careers generally require you to 'hack it'/not hate the industry. I don't think it's a case of 'once you're in you're in'. Corporate law, Big4, MPs, academic careers, (traditional) trading, IB, are some I would highlight. Everyone thinks
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