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About kazap

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  1. Agreed, I treated myself to a nice Zone 5 Surrey / London Victorian family house at well below this cost. I regret not living centrally in my yoof, but would certainly have rented. Never seen the attraction of buying a place when young, and never seen the attraction of buying a flat at all. But that's just me
  2. lol, pretty much sums up my life! I genuinely don't know how single working parents do it. I don't mean that in a "wow where to they find the energy" kind of way, but more in a pure logistics and economical way. How do they make it work? Kids being ill, for example, must be a nightmare. At least me and my Mrs can do a few "emergency days" each to cover the time they can't be in nursery. I thought the same thing. Surely the consensus is that absent parents are a bad thing? I'm pretty sure that current thinking is that the young kids need to have good solid care which meets their needs. Poor substitute care has been shown to cause all kinds of probs (source).
  3. Isn't his point that there is still money to be made by developers. Nothing against them myself - at least they do some work for their money. I say that poster should go for it if he wants a slice of the action, doesn't look easy to me and very risky, bust as he points out, there is still good potential if you do it right. I'm guessing you need to pick the right place, get it for the right price, and turn it round fast! It's easy to laugh at the "Property Ladder" folk (surely would make for much better TV in the current climate) but they are the ones who made the cash, pretty sure they aren't too upset by it all. Well the ones who did it right and / or got cashed in their chips on time !
  4. Think I'd prefer to wait until the next boom! It's always cyclical. Oh wait, it's different this time !
  5. I remember being dissuaded from buying in 2005. I ignored the advice and bought anyway. I sold in 2009 and made 15k capital gain, not to mention the additional equity. Not sure what my point is, doesn't really help the cause! Anyone else got a better story?
  6. Well I would agree with this. I do see a lot of posts around here which seem to be anti ownership, but I doubt this forum would exist if people didn't actually want to buy (just at a lower price). When I pop my numbers into the Mortgages Exposed sheet, buying is overwhelmingly more favourable - quicker than I thought actually. Even when I put some quite scary scenarios in its hard to make renting more favourable. I was FTB in 2005 and moved in 2009, middle earner, just over 30. http://www.mortgagesexposed.com/Spreadsheets/Buy%20or%20Rent.xlsx Good fun playing around with the different numbers, gives you a good idea of what things make up the costs. I'm sure peeps will point out errors in the sheet (most likely ones that favour renting, although I can see one that favours buying!), can I suggest mailing your thoughts through to the author, I believe it is run by an independent chap and he does update them.
  7. Seems like a good question. I don't see why RM would want to make prices look higher than they are, surely the site depends on high volume of transactions and ramping up prices is counter productive to that goal. In fact EAs are also suffering due to the lower volumes of sales, so the idea that they are in any way happy with this situation can't be true. They've got to be wanting prices to come down so they can get things moving again. If they don't make any sales, they don't get any money at all!
  8. Um, the scientific community has kinda reached a consensus on that one! My observation, as someone who studied environmental chemistry at post grad level with some of the brightest academics in the UK, is that most people who talk about this on the net really don't know know much about it. Forgive me, but most people who I've made the mistake of discussing this with in the past, are clearly not educated beyond secondary school level. I've yet to meet a denialist who has a good post-grad understanding of what's going on - that's either because when you get to that level you can work it out yourself, or the government intercepts you on graduation day and uses their "MIB" style brain washing device. You decide. I am always bemused by the idea that it is the humble academics who are the ones with the hidden agenda and who are out to con the public. The people who I worked with in my lab group were honest hard working Brits who had dedicated their lives to this research. In fact our Prof advised at Kyoto, he really was a world leader (now retired!). And of course its those hard done by billion dollar earning oil companies that are the victims here, there's no way that these companies, with their great environmental records, would ever put out propaganda to keep the oil flowing? But I genuinly find it interesting as to why certain people trust one view over another. This episode of horizon had an interview with a devout denialist who completely admitted he didn't understand the science behind it. So how did you reach your conclusion? Fascinating stuff. If there is one thing we can all agree on, it would be that there is no point discussing it on an internet forum!
  9. Does seem above average for the area (according to RM's own numbers): Flat Semi-Detached Detached Terraced £716,229 £2,224,674 £2,998,227 £1,868,635 I guess where there is competition for property those with the most money will get to own it. I'd quite like a central crash pad, would prob go for one next to Hyde park myself.
  10. I like the Buffet approach of investing in something you'd be happy to have regardless of it's short term value. For me, this is a house. If prices do crash then it doesn't really bother me as I'm always happy to have a roof over my head and after all, as the old HPC regs know, it's always cyclical. What goes up, must come down, and then go up again. Or is it different this time !
  11. I know peeps who commute to London from the West country, but they tend to stay here for the week. To be honest they seem to love spending time here, a few days away from the Mrs to go out drinking. Not for me but who are we to dictate what works for other people. Besides, travelling is far from the "dead" time it used to be. For example I now watch the few TV programs I follow on the train, or work on hobby projects. From time to time even a game of Angry Birds ! There is the other side of the argument, as discussed in previous threads, workers in India will commute to the other side of their country and stay and work for a year. They have to do this to survive. I guess this is totally alien to us in the rich west, but as we also like to point out often on HPC, perhaps we aren't as rich as we think we are? You actually need to be wealthy (on a global) scale to have leisure time. I always remember someone pointing this out to me when I was having a post work beer in the sun, a senior colleague made the point that there aren't many people (relative to global population) who can afford to stop and have a couple of pints. I never forgot that. Heck, we even have time to waste on an Internet forum! And seriously, there are people on this forum with 10,000 or more posts - think how much real work has been done by desperate folk around the world during that time. These are the people we will have to compete with in the future and I know who my money is on...
  12. My friends who live centrally tend to make the most of it, they are always out at bars, clubs and pubs etc, into their music or other "specialist" entertainment. They tend to be the guys who are out drinking most nights and always seem to be hooking up with someone or other. Not my thing (well it might be if I didn't have kids !), but they seem to be having the time of their lives! Personally I would recommend the suburbs. I commute in from S. London / Surrey, it's a 30min train ride, 10 min walk at each end. We could afford a decent sized family house here, we can walk to open spaces, we have outstanding primary and secondary schools, low crime rate, good facilities. Jump in the car and you have a load of great family friendly places to visit, or even be at the seaside within an hour! Rail fares are pretty reasonable as long as you are still in the "zone" system. The down side is getting home after a night out, last train to my station is about 11:30, although I used to be on a line with 24hr trains. But that's not so much of an issue when you have young kids! What surprises me is the people who live in the 'burbs but never venture to central London, why are you here?!
  13. Whilst the organisers have been necessarily optimistic, I refuse to believe it's a surprise that some of the events haven't sold out. Good excuse for the miserables to get stuck in though. I wouldn't say not possible. I managed both! Was it luck or hard work? When buying a house I'd like to think it was no accident that I could arrange finances at the height of the credit crunch, as a second time 30 yr old buyer it certainly didn't come easy! Hours of house hunting went into making sure we were at the right place at the right time, it was not luck that we secured the deal we eventually got. Similarly with the Olympic tickets, I missed out at various stages but my persistence paid off. When I saw the remaining tickets on sale for the event I wanted, I made sure I had the tickets booked within about 3 seconds. I had to borrow someone's phone to do it, and even practised using it beforehand to ensure I would be first in the queue. Actually my colleague got a ticket for the 4x100 final in the resale, we were talking about it down the pub on Friday and most people didn't even know they were available and seemed annoyed that once again they hadn't got tickets. I couldn't help thinking "well that's why he's going and not you!". It's like people expect someone to come up to them and hand them the best seats in the house without having to lift a finger. I'd argue that you can't be that fussed if you didn't even know the tickets were available, the real fans will be logging into the ticket exchange site every day. Luck or hard work? It's easy to see that not everyone is able to get front row tickets to the 100m final, but should everyone expect a nice detached 4 bed family home within easy commute of their place of work? I was always lead to believe that economics isn't a zero sum game, ie it is possible for everyone to be well off, for someone to win there doesn't have to be a loser. But I find it hard to see this is the real world
  14. Someone has to build drainage systems, who should pay for this? If not the land owner then should it be a state responsibility? Personally I prefer the idea of making landowners pay for it!
  15. If people are prepared to pay several pounds for a drink in a pub I don;t see why it is surprising that others want to do the same in a coffee shop. And its always seemed to be the case that plenty of people with "no money" seem to have plenty to spend down the pub too. One contains caffeine the other alcohol, pick your drug of choice. For me the attraction is going somewhere to socialise and, as I get older, I'd rather go for a coffee! And yeah, its cheaper than a pint too (which is more like £4 now - anyone see the ES article about the £5 pint, yes its arrived!) To be honest this is kinda meaningless without context - are other coffee shops taking SB's market share? I haven't been to one since they started doing the "name on ya cup" thing.
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