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RentingInSweden

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About RentingInSweden

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  1. Nice graph. Of course there is no rule which says that the average shown has to stay constant over time. Has anyone seen similar data on the cost of the average car and average cost of filling your house with furniture, TV's etc ? I guess what i want is the total cost of setting up a home not just the house itself If the costs of manufactured goods has got relatively cheaper due to mass production and cheap labour (China) then maybe the total cost hasn't changed as much.... just a thought.
  2. AJ - I agree with your comments on the money supply but I don't think the big crunch is going to happen any time soon, certainly not within the next few years. Even if we do reach that point it wount just be the UK since many other countries are in the same boat. You have also avoided answering the question as to where to put the money by saying where not to put it. Do you think gold over the next few years is going to provide a better return than bank accounts, bonds and stocks? For the average joe buying gold is not easy and putting all your money in it i would say is pretty risky. There are good arguments why it would increase in the next few years but its always very risky betting on just one commodity. If its a deposit for a house then id recommend 2/3 cash and 1/3 shares/bonds. The money supply is increasing at around 12% but consumer prices certainly arent so i disagree with dnd that your looking at loosing around £5K a year with £100K cash paying 5%.
  3. Guess it depends how many hes got. If hes millions of shares maybe he just wanted to get his wife (or mistress... or rent boy) a new car. RB - Are you a full time employee of HPC ? You produce some great info. which is much appreiated but it must take time.
  4. The Jap commercial banks have already made their move--its inevitable now. Batton down the hatches lads its going to be rough seas for awhile! Rising rates is always good Ive been following this thread and could someone please explain the following ? (This maybe one for you RB) In some of the links they mention an "overnight interest rate". In what way is this diffent to a normal interest rate? If Japan lowered rates to get people spending it didnt seem to have worked since they were all still saving and didnt buy houses because prices kept falling. How did the money come out of Japan. Did the big Japanese banks borrow from the central bank and spend overseas? If this was the case why didnt they stop this because it obviously isnt going to get the people in Japan spending.
  5. Cant comment on the trips to West Africa... but as crazy as it may seem that description was true and the more time i spend out of the UK in other counties the more crazy the whole UK house prices seem. With the stock market looking dodgy the safest place looks to be the bank where the interest rates look to be rising. jag hoppas att du lyckas!
  6. Heres the deal... i have got to move from Sweden within the next 18 months unless i want to start paying some of the upper rate tax 50-55% tax bands as my "foreign expert" tax reduction expires. Im trying to move to the US for a few years before then moving back to the UK to look after those shiny new nukes that Tony is going to build as his legacy. By saving here and there and a few investment which luckily turned good (luck not skill) i could easily buy an average UK house £250,000 as a hedge in case prices shoot up in the UK again.... but after doing the maths prices in Manchester would have to rise by 2-3% while im in the states for me to make any money on the property. So would you buy or not and if not where do you stick the deposit??
  7. Its all about quality. Further education is a business now and they need bums on seats. Anyone can get a degree but to get a good from a good university still takes as much effort as it ever did. After a few years of work my employer has agreed to pay 50% of a part time MBA and give me some study time. Some of the courses offered are crazy, no GMAT needed we dont care about your grades seems all you need is a pulse and cash!! If there is no competition for places then its not worth doing IMHO.
  8. Guess I better wait until the UK economy goes tits up and all the Poles etc head off somewhere else in search of jobs. Then there will be a spare barrel to buy at a knockdown price For what its worth interest rates are going up here, following the EU and the US, and house prices are cooling off. Britain has a pretty big economy but i think its going to have to go with the flow P.S I dont have anything against Poles... in fact whenever i visit London its always seems full of aussies. Maybe that because of the pubs and because i dont need a plumber
  9. Thanks for the links. Interesting reading. The Swedish population density is a bit misleading since most of the population lives within 200km of Stockholm and there are huge areas of land in the north without anyone, but i get your point of population density. Im just a bit skeptical that the influx of immigrants to the UK could push the house prices up by that much. They cant all be russian tycoons or high flyers in the city. If most of them are from the new EU states in the 18-35 range do they really earn enough to push up the house prices?
  10. At the moment im renting in Sweden which after months of looking on this site seems to be a good move. What i really want to know is where is all the demand coming from? Why is there the need for all the extra housing that appears in the news? Is the UK population and especially that of cities really increasing that much? My own feeling is that there isnt really this "need" and whats causing the increases is the low interest rates giving FTB more money to bid against each other and a fear of being left behind and a dash of greed on the top (wanting and thinking that they deserve better than parents, friends etc) There is a hell of a lot wrong with Sweden but and housing prices have been increasing but there is a limit to the madness partly cause by taxes on profit of house sales and lots of plots of land for sale. Most towns and cities build the basic infrastructure (roads, electicity etc) and then sell of plots of land for about £20-30,000. You then get a pick of houses to chooce from, different designs prices etc for say £60-120,000. This really caps the house prices because you always have the option of building. If i could speak Swedish properly and understand all the laws then i could build a 3 or 4 bedroom house 40min commute from Stockholm centre easily for £160,000. When i get back to the UK Im seriously thinking about buying a plot of land and importing a flat pack house. You may laugh but some of them are really good quality, its a fixed price and you know what your getting, plus no hassle with builders.
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