inflation, money and houses

Generali

Dithering_Dad wrote: »

December is always a recruitment dead zone, so you should enjoy the break before you climb back onto the job treadmill.

When I was a DFW (pre-contracting), I worked a bar job in the evenings to help our finances. I have to say that I really enjoyed the bar work far more than my 'joe job'. Gets you out from under the missus' feet and it's a free night out.

Not sure about cooking though, it always seemed a bit stressful in the kitchen in the pubs I've worked at. The time passes quickly though.

I find dealing with drunks when I'm sober to be a horrible way to pass the time. A lot of other people seem to like it but I really can't stand it.

Kitchens are pretty stressful but not as stressful as investment banking and at least cooking is a physical activity so you can work the adrenaline off. I'll probably just spend the time with my feet up but BIL was saying how the chef at his work walked out and they need someone for a few days.

I met a bloke on Sunday who was world champion at track cycling (many times) and he wants to take me out for a bike ride in Melbourne in a few months. Doing that will require serious training so I might just confine myself to that!

napoleon

!!!!!!? wrote: »

Do you think Chucky really is Bruno? He's certainly mental enough. Still, you could say that another poster too who has a very similar style.

If not totally mental, chuckey is certainly a very angry man.

And you'd be angry too if you had no job, no girlfriend and if your buy to let portfolio's value was going down the swanee at a frightening rate of knots

Dithering_Dad

Generali wrote: »

I find dealing with drunks when I'm sober to be a horrible way to pass the time. A lot of other people seem to like it but I really can't stand it.

Kitchens are pretty stressful but not as stressful as investment banking and at least cooking is a physical activity so you can work the adrenaline off. I'll probably just spend the time with my feet up but BIL was saying how the chef at his work walked out and they need someone for a few days.

I met a bloke on Sunday who was world champion at track cycling (many times) and he wants to take me out for a bike ride in Melbourne in a few months. Doing that will require serious training so I might just confine myself to that!

I worked in a country style pub in our village, so didn't really have any troubles in that respect.

You should give it a go with the BIL, as you say it'll get you out of the house, and you never know.. from little acorns...

In a few years we could see you on the telly, effing and blinding as the latest celebrity chef

Mr_Matey

Where in Aus are you living? I'm from Sydney.

It's not bad thing having a month or 2 off in December/January. Just like uni days, every day down at the beach!

(edit) I've been trying to work out how busted custard sounds in a British accent. Think I'll have to ask someone at work. heheh

lostinrates

Bar work ain't bad. The thing that makes a bar win over a kitchen for me is mistakes. If their is a mistake at a bar you can put it right, whether its yours or someone else's error. Working in a kitchen/waiting, you get the sharp end from both the customer and the cook, and are not in power to correct the mistake yourself.

Generali

Mr_Matey wrote: »

Where in Aus are you living? I'm from Sydney.

It's not bad thing having a month or 2 off in December/January. Just like uni days, every day down at the beach!

(edit) I've been trying to work out how busted custard sounds in a British accent. Think I'll have to ask someone at work. heheh

I'm in the Land of the Westie, out past Paramatta. I want to go to the beach on Christmas day, even if I have to get up at 6am to do it. I also want to buy a ute as 2nd car. I'm going to do this Aussie thing right (although I won't give up the accent and I know who I'll be supporting in the Ashes).

Dithering_Dad

Generali wrote: »

I'm going to do this Aussie thing right (although I won't give up the accent and I know who I'll be supporting in the Ashes).

That'll make for an interesting rivalry with the kids when they support Australia.

Generali

Dithering_Dad wrote: »

That'll make for an interesting rivalry with the kids when they support Australia.

Well Mrs Generali supports Australia in some sports (eg swimming) and England in others ( eg rugby and cycling). I suspect the kids will be won over to the Green and Gold.

Cannon_Fodder

StevieJ wrote: »

I think I sense some repositioning here, post after post !!!!!! moves nearer to buying, even CF mentions price drops of 6 - 12 months ( 6 being May) just think of the stick I received when I said I think they will bottom in April09.
I do agree that property is a top hedge against inflation esp if you can secure a lengthy fix whille interest rates are low.

Just to clarify, the 6-12 month period is in relation to inflation. While waiting for it to drop, as expected, then turn the corner and move up, again...during which time there will be 'ongoing' drops. Before the hedge factor comes into play.

I used 'could be' as an acknowledgement of a possible spring bounce, as its not infeasible that we will see a couple of positive months, when enough people have become fed up of waiting and do the deed, then leave the market and the trend reverts downwards again.

I don't think the very bottom will be reached in 6-12 months.

12 months might be the bulk of drops out of the way (though I think pre-Spring 2010 is more likely), to be followed by stagnation, with tiny/inconsistent ups & downs over a protracted period.

After 6 and approaching 12 months from now, for those needing mortgages, it becomes a balancing act between;

- getting a mortgage at a decent rate/super-low rate; i.e. while inflation is still low enough for rates to remain benign/unsustainably cheap.
- waiting long enough for the sentiment factor to have percolated around enough sellers to get sufficient value from the crash.
- finding the property you want on the market at the juncture of those two times, or in combination such that you are happy to compromise/afford.

Doesn't mean you shouldn't wait longer either, as rates could stay benign even if/when inflation hits again - after all the BoE have ignored it this year to "stave off", but in reality only delayed, recession.

Of course, being MSE, everyone should be reviewing the market/economic indicators nearer the time of any potential decision. Not be bound by dogma, timescales etc.

Exactly when an individual chooses to buy is, for the pickier among us, down to the right property coming onto the market. Which could make all this guessing irrelevant, anyway.

neverdespairgirl

Generali wrote: »

Goldman Sachs has buildings on roads other than Fleet Street.

They have buildings all over the place, don't they?

OH has a mate who has worked for both Lehman Brothers and Bear Sterns. I'll let you know if he moves to another bank, so you can avoid their Australian branch (-: