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TheCountOfNowhere

Houses On The Way Up...contractors On The Way Out...

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They just got rid of the first contractors where i'm working.

Both nice fellows.

One's massively in debt even though he has sold his house this year.

He looks a bit worried.

I dont think he'll be buying soon.

I just dont accept this ******** that house prices have bottomed.

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They just got rid of the first contractors where i'm working.

Both nice fellows.

One's massively in debt even though he has sold his house this year.

He looks a bit worried.

I dont think he'll be buying soon.

I just dont accept this ******** that house prices have bottomed.

Just had an e-mail from a good lad who worked for me 4 years ago then took another position as a service desk manager and worked his way up to infrastructure manager. Got laid off in January not a sniff since mid thirties nice family very skilled and presentable.

The green shoots are BS.

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They just got rid of the first contractors where i'm working.

Both nice fellows.

One's massively in debt even though he has sold his house this year.

He looks a bit worried.

I dont think he'll be buying soon.

I just dont accept this ******** that house prices have bottomed.

sorry for being nosey - feel free not to say - but if poss - what kind of organisation?

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Where I am (Major IT blue chip in NL) they have just realised that they let too many of their contractors go in Q1 & Q2 this year and are now madly trying to rehire them or find new ones.

All anecdotal and meaningless of course, just like the other posts on this thread. :lol:

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Where I am (Major IT blue chip in NL) they have just realised that they let too many of their contractors go in Q1 & Q2 this year and are now madly trying to rehire them or find new ones.

All anecdotal and meaningless of course, just like the other posts on this thread. :lol:

yep - the netherlands is one of those economies touted as well structured and likely to do well following the mess. unlike the UK.

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Some would argue it's a bit foolish trying to do contracting in such volatile times.

They get paid more for a reason, and I wouldn't like to base a regular mortgage on a highly unstable work pattern.

Maybe if I only had minimal payments and could weather a big storm then I would think differently.

TFH

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I´ve been a contractor for almost fifteen years now. First in the London, the last nine years here in NL. Without question making the jump was one of the best decisions of my life. Once I´d made the jump I made sure I saved enough to tide me through any lean times. Only once was I on the bench, during the dot bust in 2002 and that was only for three months.

I wouldn´t advise anyone to make the jump in the current market. It is hostile. Things will however improve, they always do. If you do however have the mentality for contracting it is a great way to earn a very decent living.

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I´ve been a contractor for almost fifteen years now. First in the London, the last nine years here in NL. Without question making the jump was one of the best decisions of my life. Once I´d made the jump I made sure I saved enough to tide me through any lean times. Only once was I on the bench, during the dot bust in 2002 and that was only for three months.

I wouldn´t advise anyone to make the jump in the current market. It is hostile. Things will however improve, they always do. If you do however have the mentality for contracting it is a great way to earn a very decent living.

I agree with this ,you wouldnt go into contracting now but what if you were already in it. I havent had proper work since December now.I didnt have much choice about being a contractor again either. There are 50+ people going for ICT project management jobs at the moment. I have one ICT proj management friend redundant(or have to do more work for £10k less) and another one not got a contract for so far this year either.

It is a bloodbath out there.

I was launched out from the so called gravy train public sector as well.

I was quite sold on leasing a car 10 months ago but now it seems absurd that you could commit to a couple of hundred a month for any period let alone a house. Sorry Ling :)

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Engineering wise, i have many friends, family contractors, permy's.

Jaguar - Looking bleak, contractors going, alot gone, alot of brown pants.

Airbus - Very bleak, contracts not being renewed, no new contracts.

Bentley - Rumour has it all contractors off site by the end of the year?

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All the house builders are starting up again on the sites they stopped a year ago. Public work may drop off a little no matter who gets in next June (or before *prey*) but private sector looks set to replace it.

Simple supply and demand - everyone's been saving for moving during the last year and nobody's built any houses.

And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Prices look set to rise around 1% a month from now until the feel-good factor sets in when the Tories win (look at your historical data on previous recessions and changes of government) then it'll step up a notch.

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All the house builders are starting up again on the sites they stopped a year ago. Public work may drop off a little no matter who gets in next June (or before *prey*) but private sector looks set to replace it.

Simple supply and demand - everyone's been saving for moving during the last year and nobody's built any houses.

And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Prices look set to rise around 1% a month from now until the feel-good factor sets in when the Tories win (look at your historical data on previous recessions and changes of government) then it'll step up a notch.

So my brother-in-law who lost his £50k solicitors job at the beginning of the year and hasn't found work since can go and get a job moving bricks around. I don't think the construction sector is going to rescue the whole economy some how. My uncle lost his well paid IT sales job and is now working on half the salary for local council. This is what is happening in the real world but you keep taking those happy pills and convince yourself that we are going back to another house price boom.

And looking at historical data on the 1990's recession I see house prices fell for about 6 years so I'd expect them to fall for at least that this time.

Edited by munimula

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All the house builders are starting up again on the sites they stopped a year ago. Public work may drop off a little no matter who gets in next June (or before *prey*) but private sector looks set to replace it.

Simple supply and demand - everyone's been saving for moving during the last year and nobody's built any houses.

And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Prices look set to rise around 1% a month from now until the feel-good factor sets in when the Tories win (look at your historical data on previous recessions and changes of government) then it'll step up a notch.

How's the Estate Agency or Surveying business going?

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I agree with this ,you wouldnt go into contracting now but what if you were already in it. I havent had proper work since December now.I didnt have much choice about being a contractor again either. There are 50+ people going for ICT project management jobs at the moment. I have one ICT proj management friend redundant(or have to do more work for £10k less) and another one not got a contract for so far this year either.

It is a bloodbath out there.

I was launched out from the so called gravy train public sector as well.

I was quite sold on leasing a car 10 months ago but now it seems absurd that you could commit to a couple of hundred a month for any period let alone a house. Sorry Ling :)

ICT is a school curriculum not a job.

IT covers the subject fully

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And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Sooner or later the market needs first time buyers to buy the houses being sold that people trade up from. You cannot have a healthy market where the number of participants continues to diminish, but stock levels remain the same or increase.

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All the house builders are starting up again on the sites they stopped a year ago. Public work may drop off a little no matter who gets in next June (or before *prey*) but private sector looks set to replace it.

Simple supply and demand - everyone's been saving for moving during the last year and nobody's built any houses.

And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Prices look set to rise around 1% a month from now until the feel-good factor sets in when the Tories win (look at your historical data on previous recessions and changes of government) then it'll step up a notch.

The tories will have to slash government spending and raise taxes ...feelgood factor :lol::lol:

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All the house builders are starting up again on the sites they stopped a year ago. Public work may drop off a little no matter who gets in next June (or before *prey*) but private sector looks set to replace it.

Simple supply and demand - everyone's been saving for moving during the last year and nobody's built any houses.

And don't tell me people can't borrow money because people with money (equity) can. It just won't be first time buyers.

Prices look set to rise around 1% a month from now until the feel-good factor sets in when the Tories win (look at your historical data on previous recessions and changes of government) then it'll step up a notch.

are you chinese?

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Interviewing (as the interviewer) today for an ICT position. Boy has the process been depressing.

Are they all better qualified than you and applying for a junior role?

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I have a mate who is paying £700 month for a 3 bed terrace in a crap area, and he told me over beer that he is paying interest only.

He has no way of saving for the capital which probably stands at around £100,000.

I used to think he was quite switched on too...

There is a whole world of overindulgence and debt out there... It's only a matter of time before the cards come a' tumblin'..

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I have a mate who is paying £700 month for a 3 bed terrace in a crap area, and he told me over beer that he is paying interest only.

He has no way of saving for the capital which probably stands at around £100,000.

I used to think he was quite switched on too...

There is a whole world of overindulgence and debt out there... It's only a matter of time before the cards come a' tumblin'..

You keep chanting that to yourself between months and months of house price rises.

I love this place, you people are so excellent. :lol:

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You keep chanting that to yourself between months and months of house price rises.

I love this place, you people are so excellent. :lol:

Valerius...you are none too bright.

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I have a mate who is paying £700 month for a 3 bed terrace in a crap area, and he told me over beer that he is paying interest only.

He has no way of saving for the capital which probably stands at around £100,000.

I used to think he was quite switched on too...

There is a whole world of overindulgence and debt out there... It's only a matter of time before the cards come a' tumblin'..

Well, Gordon said unto them 'Read my jaw drop - no more boom and bust'.

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