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House Price Crash Forum


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About Eriadus

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  1. I remember hearing about this on a piece about the new supermarket price war and I was quite surprised by the figure since it seems quite low. It wasn't really clear what was factored as bills though since well 35 or so quid a week for a family doesn't seem like much - a trip to the cinema would almost cost that after factoring in all the extras.
  2. I have to admit I'm a bit jealous of my friends who live with their parents in London. Sure it's a bit of a pain but I was calculating it once and figured I'd save at least 800 month if I was able to do what they're doing. Oh well, I consoled myself by thinking that even if I multiplied 800 by 12 it'd "only" give me 9,600 extra a year which isn't going to put a massive dent into the deposit on a place in London. hmm ok it doesn't really work as consolation when I think what else I could buy with that money...
  3. I disagree. 1.30 is too expensive for a newspaper these days particularly when you can read many of them online for free. I can't remember the real cover price for the economist as I used to buy it at university where it was much cheaper but it isn't more than 3x that if I'm not mistaken. The economist in my opinion has far more reading as nearly everything is interesting whereas how much of the FT do you actually read attentively? Much of it is pretty niche and or the sort of stuff you see on reuters etc anyhow. I remember reading how they were trying to position themselves as a more broadstream paper at the top of the market as others like the times have gone downhill a bit. Sure people like bankers could still afford it but how many of them buy it from the newsstand rather than picking it up at work or getting a paid subscription? The more general public who might be interested in reading it may have paid a pound but I doubt many would cough up 2x the price of other broadsheets.
  4. I know they ask for you to have proof of final bills having been paid before you get your deposit back (I'm talking about deposits before this new scheme came in) but is it actually a legal requirement? I've heard a few times that it isn't and since as far as I know they aren't liable for those bills it doesn't make any sense and seems like just another reason to try and withhold the deposit. Basically I havent sorted out my bills yet but plan to do that from my new flat but I'd like my deposit back straight away (moving out next week) partly in order to pay those bills. If they try and refuse to give my deposit back can I threaten with legal action? Thanks
  5. "Irish investors have simply been priced out of the market in the Republic and Northern Ireland. And Berlin has offered them a new home for their money." The locusts, having decimated one region, move onwards. There's a lot of bearish articles these days but how far into GC2 will it be until these "investors" are actually called what they are - parasitic speculators.
  6. 30% of net salary. Either some people on this board make an awful lot of money or live in very cheap places if they are paying 10% of net.
  7. Well I think it's pretty clear that it was an anecdotal observation or do all comments on this board have to backed up with a link to some webpage? My "evidence" is that when you know somebody pretty well you generally get a gauge of how intelligent they are. I'm sure most people have an idea of who their smarter friends are and which ones aren't the sharpest. Since you asked for more concrete evidence - they were mainly people studying economics/engineering/law which you needed higher grades to get into rather than business or most arts degrees where you could get in with lower grades at A level.
  8. 18k is a pretty low graduate salary for a well known company as I'm pretty sure the average is about 20k across the board with people graduating from the established unis getting around 22k on average - that figure only included people who had actually managed to get so called graduate jobs though. I have last year's copy of the times top 100 graduate employers and they are nearly all offering 20k+. To be honest there are plenty of jobs at the moment and I think it's a pretty good time to be graduating particularly in comparison to 3-4 years ago. There are some overly negative people on this board who have convinced themselves that the whole country is going to the dogs in every regard when this isn't really the case. Nearly everybody I know who had a decent amount of drive and brains has done alright in the job search. The majority of the rest with a few unlucky exceptions were the sorts who shouldn't have even been at university - they didn't have any interest in their subject or anything resembling a long term plan and were at uni simply because it was the done thing.
  9. Paraphrasing here: "We really like sports cars so we'd like to make enough money to buy one......... how hard can it be?" - coming from a couple of "intelligent" scientists with Phds...... Greed knows no bounds
  10. I think the title gave a hint to the fact that it was about the US. Still though I tend to agree though that it should have US tagged on so people don't look at it if they aren't really interested.
  11. I think the onus of this thread is not "look how much money my LL is losing on his BTL" but rather about the fact that we, the huddled mass of homeless serfs, are actually saving money by renting rather than buying the place we live in.
  12. 2bed (shared) 10 mins from the City in London Rent 1470pm Based on other places very close by it'd go for at least 360k though probably more as it seems bigger and nicer/newer IO @ 6% 1800pm Not as good as some though still a decent difference. I think the LL bought it in cash though.
  13. The best post I've seen. If the housing market doesn't crash by as much as we all hope (which it probably will) then legislators will have to look at changing the shorthold tenancy system to bring it into line with Europe. When I was younger we lived in Brussels because of my father's job and we rented there but it always felt like a home since it was next to impossible to be turfed out even if the landlord wanted that. I remember the agent we found the house with telling my parents about her own flat which had been rented out. Supposedly it was in a nice place and the guy renting it hadn't had his rent upped in the three previous years. She wanted to move into it herself however she had been trying to do so for months and was ending up taking the guy to court to out him. It took about a year if I remember correctly. The house we rented was from a couple using it as their pension, so typical BTLers in that sense, however the laws were in place so that there were no fly by night operators of the victorian guise we have in this country. Also even though Brussels is the 2nd richest urban area in the EU after London house prices are very affordable in comparison. The reason - large taxes if you sell within a few years of purchasing particularly if it isn't your residence. This means there isn't much speculation in the residential market. I class myself as an economic liberal and think markets in general should be left to sort themselves out - however the government wouldn't allow mass speculation on fundamental needs such as bread or milk so why does it allow it on the most fundamental need of all - a roof over one's head.
  14. When I said fully funded I was only talking about the course fees and was thinking primarily about bachelor degrees. Clearly students should have to fund their own living expenses themselves. As for further degrees I think it should be part funded and part paid for by the student themselves if it is a purely academic subject. If it has commercial value then they should be able to get funding from industry or whatever and this should be further encouraged by government. I have a friend starting a Phd in engineering ( think mechanical but not sure) and he is getting very generous funding by one of the car companies. In reality I think they're using him to get research done on the cheap but at the end of the day he will still get his Phd and has no obligation to work for them. This is the type of stuff we need to be encouraging in the education system.
  15. There is one issue which I always feel is overlooked when dealing with graduates - the fact that those with good degrees end up contributing much more in tax revenue, economic activity, or in the case of science national prestige and so forth. It's no secret that having a well educated workforce is a prerequisite to remain competitive. To be honest I think that the whole system needs to be reworked to something similar to the Irish system whereby places are given based only on academic merit - if you score high enough in your leaving exams you get the place. There's no discrimination either way. That of course would require a reworking of the A level to incorporate some sort of detailed points system. One figure that shocked me was that the government spends more on further education (ie those college courses in hairdressing used to lower unemployment stats or classes for bored housewives) than it does on tertiary education. This is a travesty when you take into account that departments teaching necessary subjects in good universities are often in a serious funding crisis and don't know where the next pound is coming from. The whole notion of 50% having some sort of further education is a socialist joke. What needs to be done is cut the amount of crap universities and concentrate on the good ones while making sure it's the smart, not the well connected, who get places at the remaining ones. That way we could see a return to fully funded education.
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