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Priced_Out_GenXer

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About Priced_Out_GenXer

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  1. The grid road system certainly makes travel by car easier. But equally MK has probably the best cycle network of any town in the UK. The public transport is woeful. My house is 3.5 miles from the station and I cycle. It takes me 15 minutes on my bike. Season ticket cost is around £400 a month. I’m lucky as I have a job that allows me to travel off peak and I work from home one day a week so for me it works out at £13 a day (with network railcard discount) or approx £200 per month, which is about the same as a TFL all zones travel card. If you did consider MK the nice estates wit
  2. I’ve been commuting from MK for the past ten years and I find the trains to be fairly reliable. It’s unusual for my outbound journey to be delayed. The journey home can be a pain sometimes. But when it happens it’s more often than not some poor soul who’s committed hari-kari. Inevitably it’ll always be on a Friday evening! I’d highly recommend MK as a commuter town. Trains are fast and direct, 30 mins to Euston. House prices are much more affordable than London although obviously still over priced, but that’s going to be the case anywhere in the south east. The town itself gets a bad rap
  3. This is the dilemma I am facing. Should I continue to live cheap and invest my savings in the hope that at some point over the next few years prices come down significantly and I can buy outright or have a very small mortgage. Or should I buy now and mitigate the risk of interest rate rises as best I can by getting a ten year fixed rate mortgage? It's a tough call. I really want to put down some roots and have place that I can call my own but the fundamentals haven't changed and by every measure you care to look at the UK housing market looks like a huge bubble just waiting to burst.I have a l
  4. The price rises in Milton Keynes have been bonkers for the past several years. I was looking at 2 bed semis 3 or 4 years ago. Back then asking prices were between 140k and 170k - and I think selling prices were somewhat less. Now you're looking at 240k to 300k. It's madness. I've been waiting more than 10 years to see prices fall but if prices don't start falling by this time next year I may have little option but to join the madness as I turned 40 last year and I'm not getting any younger.
  5. No I would certainly not consider buying now. I have waited the best part of 10 years for prices to come down to sensible levels and I'm not about to give up at what seems to be the very peak of the bubble. I am more determined not to give in now than at any time in the past despite the constant nagging of friends and relatives who say that I'm mad and that I should be 'getting on the housing ladder while I still can'. Now would be an utterly stupid time buy not only because we're so far into bubble territory but also because the global economy looks to be on very shaky ground. I plan to hold
  6. My experience is quite the opposite. The people I know who've had a stress related illness through work have all been perfectly sane. It's fair to say that some people are much more adaptable and resilient than others but that doesn't mean that those who find it difficult to cope are nutcases. I think the demands of even the most mundane lower middle management jobs are much greater now than they were say fifteen or twenty years ago. Things move at such a fast pace these days, new technology, endless restructuring and reorganisation, endless strategic reviews, endless penny pinching efficiency
  7. I can’t see generation Y disowning the internet and other mod cons, I think it’s far more likely we’ll simply see ever increasing numbers of young people living with their parents well into their 30’s. “The recent slowdown is really an interaction of demographics” this hits the nail on the head. Whether it’s the bank of mum and dad helping out with the mortgage deposit or young people living at home well into their 30’s and beyond, it all amounts to the same thing i.e. boomers being forced to subsidise the younger generation. Until wages increase and/or housing costs are reduced the situation
  8. I worked at McDs part-time when I was studying for my GCSEs and A levels. It was bloody hard work and I witnessed some truly dreadful employment practices including the lack of breaks as mentioned in the article. I was too young to know any better. It wasn't all bad though. It was a good laugh sometimes, especially the late shift and it was good to be working amongst people my own age. I made some good friends and it taught me some good life skills. Obviously it's a completely different scenario if you're not a youngster and it's your primary source of income. That would be a nightmare. Which
  9. If you buy the phone on a contract then yes it's obviously more expensive. I always buy the phone outright sim free, keep for two or three years, sell it on ebay, then buy a new model. It works out much cheaper than £30 p/m.
  10. Indeed, although they hold their value quite well (for a phone) so I'll get around £200 for my old one on ebay. Over three years it works out to about £10/month which I think is bloody good value given how much I use it.
  11. I hope that was a joke. I make some pretty big sacrifices to keep saving and increase my deposit fund. I hardly think buying an iPhone once every three years is going to make any difference in the grand scheme of things.
  12. I rented a studio flat in East Dulwich in 2007 for £650 p/m. I was astonished when I looked on rightmove the other day and saw the very same studio flats are now going for £950 to £975 p/m! It just goes to show that there are local variations even within London. In general, however, I think London rents have gone through the roof in recent years.
  13. This is true. It's incredibly difficult if you're single. Although I'm not sure why this is the case given the cost of childcare and the increasing number of people who are living alone - increased divorce rate etc.
  14. Funnily enough I've just bought myself a bike and the first thing I did was see how long it took to get to the station. 25mins which isn't too bad, but there is a mahoosive hill in the middle and I'm not sure I'd fancy cycling in winter. I've been looking into electrically assisted bikes though, which might be an option, or at least an option which I would consider on a cold wet February morning :-)
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