Council Pay Freeze

wolvoman

Dan: wrote: »

Depends on your meduim-term plans.

If you plan to stay in the property for at least 10 years, then £500 a month in mortgage interest would be the better option, IMO.

Whoosh.....


Not what I meant Dan.
I was merely pointing to that ridiculous statement that renting is dead money. Rent money has EXACTLY the same value as mortgage interest. Fact.

There are other factors at play of course. Cost of ownership, length of time in property, asset value and market and so on and so on. But the statement about renting being dead money is simply not true.

Dan:_4

wolvoman wrote: »

Whoosh.....


Not what I meant Dan.
I was merely pointing to that ridiculous statement that renting is dead money. Rent money has EXACTLY the same value as mortgage interest. Fact.

There are other factors at play of course. Cost of ownership, length of time in property, asset value and market and so on and so on. But the statement about renting being dead money is simply not true.

It depends what angle you want to look at it.

For example, if you rent the same place for 10 years and the property value increases, then you may look back and think 'paying rent was dead money, my landlord has made a nice profit from me'.

On the otehr hand, if your at the stage in life where renting is benifical because your future plans are unclear then buying could be a waste of time and money.

I think it all comes down to personal choice: I can't stand renting because I like to paint the rooms, put down carpets, stick pictures on the wall etc, and I hate the 'inspection visits'

mbga9pgf

and I hate the 'inspection visits'

Which the LL has absolutely no legal right to and you can simply refuse.

kindofagilr

kriss_boy wrote: »

26 years old and even without the pay freeze it will take me 11 years to get to the top of my scale which is only 22 grand. Who says us council workers are overpaid?!?!?!

Hmm I am 28 years old have worked for the DWP for 11 years already and I am not at the top of the payscale, oh and yeah and if I ever get there its only £17400 so count yourself lucky I say lol

The_White_Horse

50% of public sector workers should be sacked. You should get no pay rise, as your job probably isn't even needed. you are just another cost to the country. instead of getting 64 dole a week for nothing, most council employees get 500 a week for doing nothing.

Dan:_4

mbga9pgf wrote: »

Which the LL has absolutely no legal right to and you can simply refuse.

This was the agency, and was part of the contract.

JasX

wolvoman wrote: »

Tell me.

Is it better to own a property and pay £500 a month in mortgage interest or to rent s similar property and pay £500 a month rent?

Thats about your break even point.... but if its a choice between paying £500 per month mortgage interest or £400 per month rent for a similar property...

...and you're a sensible MSE forum member who saves/invests their spare £100 in something that performs similarly to, or even better than, the general housing market...

Who has 'dead money' now

phil1873football

The_White_Horse wrote: »

50% of public sector workers should be sacked. You should get no pay rise, as your job probably isn't even needed. you are just another cost to the country. instead of getting 64 dole a week for nothing, most council employees get 500 a week for doing nothing.

Extremely narrow minded point of view...but, thanks for your (un)valued input

mynameisdave

kriss_boy wrote: »

How likely is that they will freeze our pays?

Im pretty sick of the luck Ive had in my local council. When I joined 3 years ago there was a freeze on pay due to restructuring. I got a £30 pay rise that year.

When I was finally promoted I was told I was stuck at the bottom of my scale until I completed an HNC in Civils as my degree wasnt relevant enough.

Now as Im nearing the end of the HNC I hear they are looking to freeze me for a further 4 years. pfft.

26 years old and even without the pay freeze it will take me 11 years to get to the top of my scale which is only 22 grand. Who says us council workers are overpaid?!?!?!

Private sector workers who never got a pay rise for four years

lostinrates

Its a puzler, and brings tomind thread I was recently reminded of via pm of the question posed by another Public |Sector work and if someones job was worthy of our money or not.

Whether someone is over or under paid at £22k or even valid is a pretty tough question to answer on a forum, IMO. We can't safely be given enough information about the area of the country and the size of departmnt to form an anything like sensible idea of the situation without exposing the OP to a bunch 'o' nutters.