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London - The Place To Be ?

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

Yorkshire is much better than London

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

1. He cannot afford to buy. Not true. He probably can't afford a stucco fronted mansion in Little Venice, but there you go. there are loads of places he could buy, but won't.

2. He cannot afford to rent. Not true. See above. Plus, because of the number of speculating landlords, he will have an even wider choice.

3. Won't pay despite earning good money. So buy an electric car or a hybrid and pay £60 a week to park.

4. Where is he commuting from - Paris ? A travelcard is under £8 a day or so plus you get weekends free.

In reality, he doesn't want to pay for London. If he wants the wages and the prestigious job, he will have to pay up. In reality, he wants his cake and to eat it. If he was that dedicated to his cause and his career, he'd pay - maybe that dedication is actually nothing and he's just waiting to inherit from you ?

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Of course he can afford to rent a house. Presumably as a "senior" doctor he is a consultant on reasonable money?

Not wanting to rent a house is a different matter. He can carry on working at a DGH where houses are cheap if he wants to.

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

You can get perfectly acceptable properties for 1200 pm, 30 minutes commute from London.

Presumably he's been offerd something north of 60k, so he can easily afford it

tim

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1. He cannot afford to buy. Not true. He probably can't afford a stucco fronted mansion in Little Venice, but there you go. there are loads of places he could buy, but won't.

2. He cannot afford to rent. Not true. See above. Plus, because of the number of speculating landlords, he will have an even wider choice.

3. Won't pay despite earning good money. So buy an electric car or a hybrid and pay £60 a week to park.

4. Where is he commuting from - Paris ? A travelcard is under £8 a day or so plus you get weekends free.

In reality, he doesn't want to pay for London. If he wants the wages and the prestigious job, he will have to pay up. In reality, he wants his cake and to eat it. If he was that dedicated to his cause and his career, he'd pay - maybe that dedication is actually nothing and he's just waiting to inherit from you ?

I appear to have touched a raw nerve Rachman. I am sure my son knows a good and equally dedicated neurology specialist who can help you out.

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I suspect the OP expects that the State should allow him to buy a townhouse in Hampstead on the public purse, have a chauffeur to work and have people doffing their hats to him and laying themselves down at his feet because he's so worthy - oh and his choice of nurses three nights a week. Instead he's no doubt going to be living on the breadline somewhere near Tinsley next to a crackhouse that used to be a cannabis factory... telling fat smokers who wouldn't listen why they have lung and @rse cancer.

Oh, and up to 35 days' holiday and a pension worth 35-40% of his wages on top of his ordinary wages (sily me, he's already got that).

Or he needs to stop trolling.

Edit to add - no, I think either your son is a fictional person, or he needs to grow up and get real. He's done his studies, he's learned his trade - well done - now use it without the small minded skinflint I am so worthy the world owes me I am a demigod mentality.....

Edited by Rachman

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I appear to have touched a raw nerve Rachman. I am sure my son knows a good and equally dedicated neurology specialist who can help you out.

the inference that someone who disagrees with you, or rather highlights your sense of entitlement, is ill

I'll remind you that the 2nd pillar of our nation's fall was a corrupt public sector

pathetic

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

1&2 are simply untrue. Property may be overpriced to buy, but certainly not to rent.

3&4 sound like utter spoiled nonsense to me.

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

This doesn't really prove anything.

There's always been a choice; work in London for more money, or work outside London for bigger house and an easier commute.

Your son's career tilts the balance to outside London, I work in media and this tilts the balance towards London. So what?

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

Yours etc,

Mr A.W. Ooga, Yorkshire.

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- now use it without the small minded skinflint I am so worthy the world owes me I am a demigod mentality.....

Yes, its an inner London byelaw that only financial services professionals can have that mentality <_<

However its quite amusing to watch the bankers being outbought and shunted off to Clapham and Shepherds Bush by the Chinese and Russians - real gangsters who know how to use a gun :lol:

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

Unless he wants to live in so-called 'prime' areas, I don't understand.

Plenty of people who aren't earning 'excellent' doctors' salaries manage to rent or buy perfectly acceptable places in London.

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Yes, its an inner London byelaw that only financial services professionals can have that mentality <_<

However its quite amusing to watch the bankers being outbought and shunted off to Clapham and Shepherds Bush by the Chinese and Russians - real gangsters who know how to use a gun :lol:

So, are you now suggesting this mythical stucco house allowance should be enough for a house in Knightsbridge or proper Ken ?

Put less obtusely, you're talking sh1te.

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As a life long inhabitant of the metropolis I would be happy with 33% of his salary. As for all the people including MPs who say they are capable of earning banking salaries......go on, do it. The streets are paved with gold here. It just falls into your lap.

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Eldest son is a senior doctor and has been offered his dream position in a cancer speciality in a prestigious London hospital. He CANNOT accept, in spite of being offered an excellent salary. Here is his reasoning.

1. Cannot afford to buy a house

2. Cannot afford to rent a house

3. Will not pay excessive fuel/ parking/congestion and other charges to drive in.

4. Will not pay excessive public transport costs and spend an extra 3 or 4 hours commuting in.

Maybe his 4 degrees, years of training and dedication count for nothing. Perhaps he should have gone into banking. A

I realise I'm responding to a troll ("yorkshireman" starting a thread about London - subtle) but I'm a junior doctor about to move from Southampton to London for career reasons and it's always been true that since the NHS pays the same wherever you work (the neglibible HCA allowance notwithstanding) a salary won't go as far in London.

I'm moving to London because the job I want to do doesn't really exist anywhere else in the UK. It will result in a reduction in my disposable income but I accept that.

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Yorkshire Man is half right

In SW18 london. Zone two so not right in the center of London for those who don't know the city. About 10 minutes by train to Victoria.

If the Doctor is on 60K he receives about 3,400 net a month.

Rent on a small 70sqm perhaps 2bed flat about 1400 - 1500 pcm. This is just a normal flat. nothing speical at all. (he could rent a one bed for about 1100 but what about poor Yorks Man coming to stay!?!? lol And of course don't forget this is a guy probably early 30's late 20's very high end profession who, in the NORMAL COURSE of events should be able to afford a two bed flat to rent.

Ctax, 100; Gas elec 100; travel for the month 100 (Zone two travel card is 110 now I think); Car Insurance and house Contents another 125. and before you fart its the thick end of 2000 pcm.

Leaving 1400 to live on.

Spuermarket 200 pcm. Lunch and a coffee (should a senior doctor have to make his own !? - not really) 5£ a day = about 120pcm.

And soon as you wipe the follw through its 1000 left........... Student debt repayments? Holiday... no work all year !?!?

Of Course the Doctor can move to London... But there certainly is a cost. And the huge price of rent and houses make a senior professional, traditionally top earner, live in a very modest way. Not saving for a deposit?!

Buying

4 x 60,000 = 240,000 can buy a nice one bed flat.

Can do it............ if he has the deposit. BUT its a hell of a price. Making London and the UK so uncompetitive.

Cost of a roof is so high = wages have to be very high = why move to London / Why invest in the UK rather than elsewhere where wages are lower because a roof is cheaper. (let alone taxes etc)

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If the Doctor is on 60K he receives about 3,400 net a month.

he's not. The pension alone means it's more like £85K. But they all forget that, when it suits them.

He is earning about the same as a lot of people in the City on 60K - welcome to the world that everyone lives in - he isn't as rich as Croesus, but he's got plenty of wedge - and a gold plated platinum wrapped copper bottomed pension that almost everyone in the City will never ever ever get.

He can easily live fairly well

[Yorkshireman - I got your mail - don't worry about it......]

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Most 20 somethings I know share those on teacher type salaries paying about £500 pcm those on higher typically paying £700pcm with 4 of them in a decent though not particulary posh part of SW London.

A friend of mine Indian doctor living with his parents for the last 4 years is now one step up from the lowest level of a consultant .

He has just I guess turned 30 and lives like a church mouse checking out the NHS pay scales I assume he is on over £80 k rising to over £100k .

I would be amazed if he has not saved about £100k since 25 though its not something I have asked him.

He has been put off buying for the last few years as he unsure about house prices

I think it is about choices.

Edited by economiccycle

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he's not. The pension alone means it's more like £85K. But they all forget that, when it suits them.

He is earning about the same as a lot of people in the City on 60K - welcome to the world that everyone lives in - he isn't as rich as Croesus, but he's got plenty of wedge - and a gold plated platinum wrapped copper bottomed pension that almost everyone in the City will never ever ever get.

He can easily live fairly well

[Yorkshireman - I got your mail - don't worry about it......]

As usual you are being disingenuous...(sp?)

At most the guys accrued 5 years of pension rights which will only now go up by CPI, so that now automatically been cut by c.15% by moving from RPI depending on how you do the maths

By time your tory friends have finished with the public sector pension scheme it looks like it will based on average salary, capped way below what he's actually earning currently

(PS. I don't think basing public sector pensions on average salary and capping them to stop high earners getting disproprtionate (sp?) benefits is a bad move btw)

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As usual you are being disingenuous...(sp?)

At most the guys accrued 5 years of pension rights which will only now go up by CPI, so that now automatically been cut by c.15% by moving from RPI depending on how you do the maths

By time your tory friends have finished with the public sector pension scheme it looks like it will based on average salary, capped way below what he's actually earning currently

(PS. I don't think basing public sector pensions on average salary and capping them to stop high earners getting disproprtionate (sp?) benefits is a bad move btw)

the pension is hyper expensive. And that's before picking say a mental health officer on a civil service scheme - the cost is upwards of 65% of their wages. They always forget that come negotiation time. Their pensions only go up in CPI terms - er, hang on, they are on final salary schemes - the cost is still stratospheric and rising - tghere is no point putting your finger in the dyke by simply slowing the rate of increase. They need to simply stop the final salary schemes in the form they are. We as a nation cannot afford them - yes, we'd all like to have 25 years plus of very easy retirement on a cracking wedge, but the public sector pay is no longer as low as it was, so the attraction of the pension isn't needed - put more bluntly, where else will they go ? If they are all dedicated and hardworking, it's not as if they will go to be IT monkeys, is it ?

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the pension is hyper expensive. And that's before picking say a mental health officer on a civil service scheme - the cost is upwards of 65% of their wages. They always forget that come negotiation time. Their pensions only go up in CPI terms - er, hang on, they are on final salary schemes - the cost is still stratospheric and rising - tghere is no point putting your finger in the dyke by simply slowing the rate of increase. They need to simply stop the final salary schemes in the form they are. We as a nation cannot afford them - yes, we'd all like to have 25 years plus of very easy retirement on a cracking wedge, but the public sector pay is no longer as low as it was, so the attraction of the pension isn't needed - put more bluntly, where else will they go ? If they are all dedicated and hardworking, it's not as if they will go to be IT monkeys, is it ?

The public sector pension schemes are being changed

People will keep their historic accrual rates (which personally I think is wrong), but they will accrue lower benefits going forwards

Maybe you should stop fiddling with your spreadsheets and read a newspaper, its called the Hutton enquiry...

....there is even an interim report out

In terms of "where else would they go?" that argument could be equally levelled at the financial, tax and legal services industry in London, who seem to have taken a 50% tax rate on the chin and not moved to Switzerland...

....there are a whole bunch of overpaid special interest groups in the UK in both the public and private sectors

As usual you are picking on one particular group that suits your myopic views

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Yorkshire Man is half right

In SW18 london. Zone two so not right in the center of London for those who don't know the city. About 10 minutes by train to Victoria.

If the Doctor is on 60K he receives about 3,400 net a month.

Rent on a small 70sqm perhaps 2bed flat about 1400 - 1500 pcm. This is just a normal flat. nothing speical at all. (he could rent a one bed for about 1100 but what about poor Yorks Man coming to stay!?!? lol And of course don't forget this is a guy probably early 30's late 20's very high end profession who, in the NORMAL COURSE of events should be able to afford a two bed flat to rent.

Ctax, 100; Gas elec 100; travel for the month 100 (Zone two travel card is 110 now I think); Car Insurance and house Contents another 125. and before you fart its the thick end of 2000 pcm.

Leaving 1400 to live on.

Spuermarket 200 pcm. Lunch and a coffee (should a senior doctor have to make his own !? - not really) 5£ a day = about 120pcm.

And soon as you wipe the follw through its 1000 left........... Student debt repayments? Holiday... no work all year !?!?

Of Course the Doctor can move to London... But there certainly is a cost. And the huge price of rent and houses make a senior professional, traditionally top earner, live in a very modest way. Not saving for a deposit?!

Buying

4 x 60,000 = 240,000 can buy a nice one bed flat.

Can do it............ if he has the deposit. BUT its a hell of a price. Making London and the UK so uncompetitive.

Cost of a roof is so high = wages have to be very high = why move to London / Why invest in the UK rather than elsewhere where wages are lower because a roof is cheaper. (let alone taxes etc)

So you are 10 mins on the train from the centre of one of the World's most expensive cities ? Why look at rents/house prices just in those areas ?

As I have said numerous times on threads about London house prices - go to places 30-40 mins outside the City Centre and the prices are not far removed from what you will pay in somewhere like Edinburgh. And a commute to the City Centre in Edinburgh can be 30 mins plus from only 4-5 miles from the centre.

The 'Isn't London so expensive don't we have it so bad' chat really does wear a little thin. There are other places in the UK where it is almost expensive - but where your chances of earning a serious wedge are far far reduced.

Much of the UK is overpriced - not just London. I really do think many Londoners do not appreciate this fact. Go to a br in the Centre of Edinburgh and order a pint ? Very possible it will be £4+.

I really don't think the difference between living costs in London to other places in the UK is as great as some would believe.

Anyway - rant finished. :D

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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