Skyline Posted November 14, 2004 Share Posted November 14, 2004 1. Basic Salary - Me £20k, husband 18k (38k total) 2. Non-regular/other annual income (Bonuses, Commission,etc) - 0 3. Income from Dividends - 0 4. Annual Rental Income (if landlord) - 0 5. Income from other investments - 0 6. Capital currently in property - 0 7. Capital currently in shares - 0 8. Capital currently in commodities - 0 9. Capital currently in other investments - 0 10. Cash in bank, savings, ISA, etc - 125k (equity from selling last house) 11. Annual gross interest earned on savings (if significant, e.g. STR's) 125k@5% I was really quite shocked to see how high other people's incomes are! I live in North Yorkshire and compared to my colleagues at work and friends and family me and my husband are in a very good position financially and both have good salaries. Saying that we still cannot afford to buy a standard 3 bed house in a village without getting a really really huge mortgage - even with our 125k deposit! We sold our property when we thought the market had reached its peak (last December)and unfortunately it has continued to rise so we can't afford to buy another house now. We are living in rented and keep looking on a daily basis but unless prices drop we will be in this situation for quite a while yet. I blame the Estate Agents, for hiking the prices up. All the Estate Agents near us are dropping big lumps of their prices now - sometimes even 10k at a time but even with a 10k reduction the houses for sale are still way overpriced. I've read a lot of the threads on this forum and where I live the correlation between an average wage and house prices is far greater than in London. A typical two bedroom (one box size) cottage in a village is now selling from anything from £170k to £270k. This makes the flats in London when you have a huge salary quite affordable...(in my opinion of course!) Quote Link to comment Share on other sites More sharing options...
zzg113 Posted November 14, 2004 Share Posted November 14, 2004 Not everyone has a huge salary in London. I would go as far as to say the vast majority of employment in London is minimum wage. Quote Link to comment Share on other sites More sharing options...
uro_who Posted November 15, 2004 Share Posted November 15, 2004 Keep a steady nerve skyline. All will come right with a little more patience. Quote Link to comment Share on other sites More sharing options...
red Posted November 17, 2004 Share Posted November 17, 2004 1. Basic Salary (self employed) between 80-90K 2. Non-regular/other annual income - nil 3. Income from Dividends - no more than 200 p.a. 4. Annual Rental Income (if landlord): nil 5. Income from other investments: nil 6. Capital currently in property: 280K 7. Capital currently in shares: £300 8. Capital currently in commodities: nil 9. Capital currently in other investments: nil 10. Cash in bank, savings, ISA, etc £50,000 11. Annual gross interest earned on savings (if significant, e.g. STR's) 2K p.a. about to STR...! Quote Link to comment Share on other sites More sharing options...
zzg113 Posted November 17, 2004 Share Posted November 17, 2004 What "job" do you do red, out of interest? Is it plumbing? Quote Link to comment Share on other sites More sharing options...
red Posted November 17, 2004 Share Posted November 17, 2004 What "job" do you do red, out of interest? Is it plumbing?<{POST_SNAPBACK}> Why plumbing?! Not that I have anything against plumbers, of course... No, I work in the entertainment industry. Nuff said! Quote Link to comment Share on other sites More sharing options...
bitter and twisted FTB Posted November 17, 2004 Share Posted November 17, 2004 Here we go.... £32k anual salary £5k in shares (and increasing - this is my savings pot for future FTB deposit) Quote Link to comment Share on other sites More sharing options...
Antsy Posted November 18, 2004 Share Posted November 18, 2004 1. Basic Salary £33k (me and mr - I am part time) 2. Non-regular/other annual income (Bonuses, Commission,etc) : 0 3. Income from Dividends: £0 4. Annual Rental Income (if landlord): £0 5. Income from other investments: £0 6. Capital currently in property: £1300 (rental deposits - old landdlord is stalling on giving back our last deposit as he hasn't any 'ready cash' despite the fact we moved out 5 months ago. If it's not here by XMas the small claims court beckons...) 7. Capital currently in shares: £300 8. Capital currently in commodities: £0 9. Capital currently in other investments: £0 10. Cash in bank, savings, ISA, etc £9,500 11. Annual gross interest earned on savings (if significant, e.g. STR's) 0 Quote Link to comment Share on other sites More sharing options...
zzg113 Posted November 18, 2004 Share Posted November 18, 2004 (rental deposits - old landdlord is stalling on giving back our last deposit as he hasn't any 'ready cash' despite the fact we moved out 5 months ago. If it's not here by XMas the small claims court beckons...) Don't think you'll be seeing that back again. Why didn't you withhold your last month's rent? Quote Link to comment Share on other sites More sharing options...
Antsy Posted November 18, 2004 Share Posted November 18, 2004 Don't think you'll be seeing that back again. Why didn't you withhold your last month's rent?<{POST_SNAPBACK}> Because we had to move out suddenly - we were going to buy the flat but pulled out owing to surprise wet rot in the bedroom. He has put it on the mkt for 20k over what he offered it to us for (now 150k, one bed - SE London) but it has been on since July and has now been reduced by 4k... Small claims thing is relatively straightforward, he has to pay our costs if we win (can't see why not) and if all else fails they put a marker on the flat so that when it does sell, our £600 comes out of the sale price. Oh- and the buyer's solicitors see there is a marker when the sale goes through so he will want to avoid this or anyone trying to buy will rightly see he is a dodgy git. I am just being nice at the moment but it won't last... Quote Link to comment Share on other sites More sharing options...
zzg113 Posted November 18, 2004 Share Posted November 18, 2004 I am just being nice at the moment but it won't last... Why not go straight for the kill? Quote Link to comment Share on other sites More sharing options...
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