Some of you are vultures

greenwheels007

Ah, someone who is self employed...
Can you explain something that completely baffles me please?

I go to work and my employer pays me a wage. The true cost (is it called 'on cost'?) is what appears on my employers budget sheet though. That is what it costs them in wages, pension contributions, buying me a desk, heating my office, paying for my mileage etc etc. This is a total cost but the company also pays in to pots fro a rainy day, such as redundancy pay offs, tribunals and insurance etc..

When people are self employed. they are the employer, do they apportion their profits to account for true staffing costs or do they just stick the takings in their pockets?

I just don't understand how self employed people work, I am surrounded by publlic secor types!

BACKFRMTHEEDGE

JACKBLACK wrote: »

I take my hat of to you mate for standing up to this bunch of vultures;). I agree with you what ndg did was very low.

I wouldn't expect anything less of Marie Antoinette - likes to tell us all that recessions are good for us - from a position of privilege.

PS note to NDG - to save you the trouble of digging around in my past posts I can be found on the "Debt Free Role of Honour";)

mewbie_2

greenwheels007 wrote: »

I just don't understand how self employed people work, I am surrounded by publlic secor types!

I'll tell you how they work. Hard. They are not employed, they are providing a service to a company or individual. If they don't do it right they may not get paid. They may not get re hired.

You cannot begin to fathom the difference between self employment, and a comfy cosy sit behind desk and pick up pay packet each and every month kind of existence.

And until you have done it..... you will never really know.

carolt

LauraW10 wrote: »

I think, sadly, that those who are have been crying out for a HPC and cheering every piece of bad news are desperate for someone, anyone, to blame because they have realised that they might lose their job and that the HPC they have longed for is not going to be the nirvana they expected.

Sadly, recessions are unpleasant in the extreme and this one looks like it is going to be particularly nasty.

I quite agree that recessions are unpleasant in the extreme - but as far as I am concerned, falling house prices are indeed the one bright spark, the silver lining.

And not just for me - fundamentally, this whole worldwide economic crisis has its roots in the global property bubble, now bursting on all fronts, starting in the US. Banks will not lend to each other, or to us, at reasonable rates, until the assets they are lending against have reached fair value and so they feel confident of not losing in the long term should the borrower default on their mortgage.

The quicker house prices fall to fair value, the quicker banks will start lending again and the quicker the world economy can get back to business.

Trying to slow or prevent that process will, in my opinion and that of many economists, just delay the recovery and prolong the recession.

So on with the falls! They are part of the solution, not the problem.

1echidna

mewbie wrote: »

All bubbles burst!!! That's why they are called bubbles.

Yes careless terminolgy on my part. Lots of people thought it was a natural growth due to limited supply and high demand. Even those who correctly identified it as (probably) a bubble had little idea of how much further and how long it would grow. I also think that the number of people who thought that it would be pricked in such a savage fashion were very, very few.

mewbie_2

1echidna wrote: »

Yes careless terminolgy on my part. Lots of people thought it was a natural growth due to limited supply and high demand. Even those who correctly identified it as (probably) a bubble had little idea of how much further and how long it would grow. I also think that the number of people who thought that it would be pricked in such as savage fashion were very, very few.

Which would be the exact same thing that happens in every bubble. You are right of course that very few identified the exact timing - to get in, or to get out.

Sorry, I've lost the point of this? What were you saying?

Was it about gloaters?

greenwheels007

mewbie wrote: »

I'll tell you how they work. Hard.
You cannot begin to fathom the difference between self employment, and a comfy cosy sit behind desk and pick up pay packet each and every month kind of existence.

Hey, I'm not trying to be funny here, when I said I don't know how self employed people work I meant it! In the same was as I don't understand string theory, I just don't understand that world.
But your reply was of some use, I get the impression it isn't a good time to be self employed!

Gwhiz

BACKFRMTHEEDGE wrote: »

I wouldn't expect anything less of Marie Antoinette - likes to tell us all that recessions are good for us - from a position of privilege.

PS note to NDG - to save you the trouble of digging around in my past posts I can be found on the "Debt Free Role of Honour";)

What a load of jealous sad people you are.

Someone uses what you say in the past (as any person would talking down the pub) to prove a point and you call them callous?. You guys need to lose the chips on your shoulders, stop crying over your split milk and accept that life is not always fair.

Life is not all fluffy kittens!!

Gorgeous_George

When someone has said that they are intending to buy an house over recent years, I've suggested that prices could fall. Around last year or so, I became even more vociferous in my argument that prices were likely ro crash. Nobody listened to me.

Earlier this year I was close to selling up (close to peak value). Those close to me thought I was mad. The sale fell through and9 months later they all know that I was right to want to sell and tell me so. It's no big deal. A missed opportunity perhaps. I could have sold earlier this year and bought again next year and possibly save 30% of this year's house value - or £90K - or more than tw year's post tax income for both me and Mrs GG. Effectively. we are working for nothing for two years.

There is no need for people to gloat when it means that others are suffering but that's life. I don't mind not having a new car providng my peers do not have a new car either. I don't mind living in a small house providing my peers live ina small house. It's human nature.

Life doesn't have to be fair, get used to it.

GG

lostinrates

1echidna wrote: »

Yes careless terminolgy on my part. Lots of people thought it was a natural growth due to limited supply and high demand. Even those who correctly identified it as (probably) a bubble had little idea of how much further and how long it would grow. I also think that the number of people who thought that it would be pricked in such as savage fashion were very, very few.

I for one didn't time it nor guess it. By happy luck we decided not to purchase when newly married, a few years ago, which rally was luck, as it nt only saved us from that debt at that time but also gave us the flexibility we needed when we went abroad, which was at that time very unforeseen. Whn I started looking again in UK I was quite surprised even then at the rate of HPI and felt uncomfortable with the mortgage we would have to take (even with a large deposit particularly for that lnding climate) and how this would work for us. The more I looked the less satisfied I was for what we could safely afford and was very worried about how long we would be in these places before outgrowing them. It is now with some gratitude I look back to stumbling in here and finding out it wasn't MY maths that was screwy it was everyone elses, lol.

In all seriousness, we would have bought a suitable property at a suitable price a few times over the last couple of years, but at each stage we have felt strongr in our resolve to set upper price limits looking at what the property offers us in longevity and risk and stuck to our budgets. So far this will b the right decision, but of course it won't always be. My hope now is that the right property and the right time roughly coincide.

FWIW I don't consider myself particularly risk adverse, I've taken reasonable financial gambles before, but based on sound if simplistic reasoning.