Jump to content
House Price Crash Forum
Sign in to follow this  
bpw

Ask For A Pay Rise To Make A Crash More Likely

Recommended Posts

Mervyn King and Gordon Brown. What did they ever do for the new generation of non-home owners? The cheek of these two gumballs is amazing. Just think of it, they make huge financial gains in their own property, all at the expense of those lower down in the pyramid selling scheme, and then have the cheek to threaten people with a base interest rate increase if there are excessive wage demands! Who gains and who looses? Home owners and property investors gain by passing even higher prices to looser FTBs, and those moving up the chain. The system really is cockeyed and favours one part of the UK population against the other. Orwellian politics is governing your lives.

Here is my advice to all FTBs and housing ladder climbers. TELL YOUR EMPLOYERS THAT YOU HAVE A RIGHT TO PROPERTY OWNERSHIP AND POINT OUT YOUR WAGE IS LESS THAN A FIFTH THE AVERAGE HOUSE PRICE THEN ASK FOR A PAY RISE. Anyone with a skill is in a position to negotiate, and those without should threaten to resign and if need be then quit and seek training at the cost of HMG. The worst case outcome will be increased interest rates, which will make housing more affordable, or you leave a low skill job, get trained for free and improve your life. For example get the right skill and you will likely end up with a better paid job in the UK, Europe or the USA.

And for those who harp on about the USA property boom, 200k GBP will buy you a mansion in Colorado just 2 hours drive from Vale and Apsen sking resorts. The truth is that the USA boom is very localised and there are amazing opportunities if you are prepared to be mobile. And if you are wondering if the house is near employment opportunities then note the answer is yes (mining, special metals, universities, high tech .....).

PS - Ive posted a list of the bias against the young and forgot to mention MIRAS - Mortgage Interst Releif at Source. Our parents benefitted from tax concessions on their mortgage payments ....what is this government doing to make housing more affordable to you?

Edited by bpw

Share this post


Link to post
Share on other sites

How about this for an idea - get Mervyn, Gordon and their cohorts to pay back all sums received from MIRAS and all university tuition fees and grants + compund interst of course (not linked to the CPI but linked to an average of interest rates charged by the banks for short term loans).

What is good for the goose is good for the gander.

Edited by OnlyMe

Share this post


Link to post
Share on other sites

Many probably already have to pay the bills, at the expense of investing in their business. When the govt want more money in the future to pay for pensions the tax receipts won't be there.

Edited by OnlyMe

Share this post


Link to post
Share on other sites

Sir, you really are missing the point in your response below:

............. pay back all sums received from MIRAS and all university tuition fees and grants + compund interst of course (not linked to the CPI but linked to an average of interest rates charged by the banks for short term loans).

What is good for the goose is good for the gander.

The real point is this. Escalating house prices are treated by many as an investment vehicle. You use your savings, or a loan, to buy property which you then sell to someone at a higher price. Yes, there is a Return On Investment but only at someone else's expense. Now consider someone who invests in say Corning Inc. You buy buy their shares, at initial issue, and Corning use the money to create new technologies which add value - people are employed, lives are improved the world develops. That's real investment, since there is a net increase in goods, services, technology, whatever.

Housing investement was used by others as a means of hedging against the 'dot.com' bust and 2001 fall in equities. It was indirectly allowed to happen by both the US and UK gvts as a means of preventing a recession. The difference was that Greenspan pulled off a masterstroke while Mervyn pulled off Gordon B.

So why are you missing the point? The truth is that free primary, secondary and Univeristy education is what keeps the UK vibrant and creative. Despite being a cramped, dirty and a chavvy kind of place with some grotesque social groups (swearing yobs, 'oi mates' and shell suits) we still lead the world in technology. God alone knows why, when you consider the institutional and social bias agains scientists and engineers in the UK. Somehow they prevail over the snobbery and we turn out gems like the chap who sythesised lorenzo's oil. In the UK he gets a modest income and no recognition whereas in the US he would be a millionaire. So leave out the part about rebates for those who had a university education. Their value exceeds their cost......... if they are a engineer or scientist that is ;)

Share this post


Link to post
Share on other sites

How about this for an idea - get Mervyn, Gordon and their cohorts to pay back all sums received from MIRAS and all university tuition fees and grants + compund interst of course (not linked to the CPI but linked to an average of interest rates charged by the banks for short term loans).

What is good for the goose is good for the gander.

So why are you missing the point? The truth is that free primary, secondary and Univeristy education is what keeps the UK vibrant and creative. Despite being a cramped, dirty and a chavvy kind of place with some grotesque social groups (swearing yobs, 'oi mates' and shell suits) we still lead the world in technology. ...So leave out the part about rebates for those who had a university education. Their value exceeds their cost......... if they are a engineer or scientist that is ;)

People pay for education nowadays with mixed results. I think OnlyMe was making to point that the mob that is in power now got their education free from the taxpayer and (and probably chanted 'Education should be free') before very kindly getting an office in Westminster with the 24% pension plan, taking government and then making sure that it wasn't and that their taxes didn't pay for anyone else.

So if you didn't do education at the right time you may well be vibrant, creative and (if you read the other string active tonight), probably also with a whacking great debt to the government and a CCJ!

Share this post


Link to post
Share on other sites

bpw,

Sorry I it was a bit of a swipe and broadening of the issues. (Edit, yes Elizabeth has got the point I was trying to make if it was beneficial for the economy as a whole to have people getting qualified and then contributing back to it by their endeavours (and taxation) then why should it be different for a different age group).

As for technological lead, well that is rapidly diminishing, these things take years or even decades to pan out fully but make no mistake what is happening now will be largely irreversible and hugely damaging to the furutre economy. Potenital quality students are not taking up technological and scientific courses becauae they are increasingly driven by the short and medium term need to pay beack debt or secure themselves what they believe to be a career that will provide a resonable lifestyle and that is increasingly not science and tech based work - there is a scrabble for law, accountancy and some business sectors.

Edited by OnlyMe

Share this post


Link to post
Share on other sites

:lol:

The ridiculousness of this post is making me smile.

If you say that to your boss he is going to laugh you out of the office!

You should be telling your boss why you merit a payrise, the positive contribution you are making, and the goals you have achieved/plan to achieve. Explain why you are an asset, and how you over-perform in many areas whilst showing initiative.

If you just go in and ask for a payrise cos you cant afford a house, and bitch and moan, then he probably will sack you and find the next guy who needs a job because he is unemployed. If on the other hand you really are a positive asset to your company, and your boss knows it, then no doubt he will pay you what is realistically acceptable for your position, but he aint gonna throw money at you cos you 'cant afford a house'

Get real mate.

I would bet money that NOBODY is going to walk into the bosses office and try your argument out....lol. Still, at least you have given me a chuckle this saturday evening!

Gerlewis

Share this post


Link to post
Share on other sites

:lol:

The ridiculousness of this post is making me smile.

Get real mate.

I would bet money that NOBODY is going to walk into the bosses office and try your argument out....lol. Still, at least you have given me a chuckle this saturday evening!

Gerlewis

You are of course absolutely wrong. Perhaps you are a boss and you like spending your time finiding qualified and skilled employees instead of keeping them with an 5-10% payrise. It's nigh on impossible in some industries, and I say that as someone who spent years trying to assemble a team of people who could do complex engineering. The fact is the many graduates and skilled employees will change their jobs several times during their career so that they land on the right position with the right terms and conditions. Now might just be a good time to test the waters for many who are suffering from the inequity of the housing market.

Share this post


Link to post
Share on other sites

Here is my advice to all FTBs and housing ladder climbers. TELL YOUR EMPLOYERS THAT YOU HAVE A RIGHT TO PROPERTY OWNERSHIP AND POINT OUT YOUR WAGE IS LESS THAN A FIFTH THE AVERAGE HOUSE PRICE THEN ASK FOR A PAY RISE. Anyone with a skill is in a position to negotiate, and those without should threaten to resign and if need be then quit and seek training at the cost of HMG.

Labour does of course operate as a market (not the party, though that may also be true), unemployment is trending upwards and forcasts for next year indicate more companies are going to shed jobs, in this environment people are just happy to retain their jobs and keep food on the table/roof over the heads; the unions are generally meek and preoccupied with legacy issues like pensions for older members; and there are of course migrant workers, all these factors help hold wages down, unless you're truly unique chances are you're readily replaceable, you have no bargaining power! With higher energy costs and taxation and rigged inflation data this means your average younger worker is experiencing lower living standards, especially as they've no assets and have run up debts, they will enjoy lower wage growth, smaller housing, and less disposable income compared to their contemporaries 10 or 20 years ago.

I don't think help is forthcoming if you decide to make yourself unemployed, your ability to hold down a job clearly demonstrates you aren't in the same league as your average hapless dolt and therefore unworthy of any sympathy or help, you would have to exhibit capacious levels of general uselessness to convince them otherwise... maybe a couple of ASBO's and a legion of illegitimate spogs would do the trick? :o

Small problem with your plan, higher education is no longer free, it's the surest way into debt, you'd also need to get into a decent university otherwise your qualification will have little value overseas. It's much like a currency, you can devalued within and get everyone to play along but then you end up with an external deficit.

Maybe you could become a Public Coordinance Coordinator or such like? Though I doubt inflicting such pain on the country, monetary and 'coordinatively', would be the ultimate revenge in the longterm.

Edited by BuyingBear

Share this post


Link to post
Share on other sites

:lol:

I would bet money that NOBODY is going to walk into the bosses office and try your argument out....lol.

Gerlewis

I don't have a boss :P

Share this post


Link to post
Share on other sites

How about this for an idea - get Mervyn, Gordon and their cohorts to pay back all sums received from MIRAS and all university tuition fees and grants + compund interst of course (not linked to the CPI but linked to an average of interest rates charged by the banks for short term loans).

What is good for the goose is good for the gander.

Isn't it ironic---Gordon and Co. doing what any Tory government would have done in the same circumstances. Nu Labour may well be the most self-interested capitalistic government to ever "serve" the people. The old saying, put a Socialist in a Rolls Royce and you will get a Tory must be true. :lol:

BTW anyone noticed how most of the bad press coming out is directed at Gordon rather than Tony? Could Gordon be being set up as the fall guy when things start to go pear shaped after Christmas?

Edited by Realistbear

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 336 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.