Debate House Prices


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The millionaire binman

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  • padington
    padington Posts: 3,121 Forumite
    My uncle was a teacher and he would be a double millionaire if he sold tomorrow.

    His mantra still is, if you have money - buy property, ideally somewhere like London and make it better than it was, sell it only for a profit and buy another house with even more potential and do it again - whilst you still can.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    padington wrote: »
    My uncle was a teacher and he would be a double millionaire if he sold tomorrow.

    His mantra still is, if you have money - buy property, ideally somewhere like London and make it better than it was, sell it only for a profit and buy another house with even more potential and do it again - whilst you still can.

    My advice to him would be to keep mantras no more than about 45 words long.
    FACT.
  • padington
    padington Posts: 3,121 Forumite
    edited 9 October 2014 at 8:52PM
    the_flying_pig wrote: »
    My advice to him would be to keep mantras no more than about 45 words long.

    My advice to you is stick it up your boringly pedantic backside.

    FACT.

    X
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    padington wrote: »
    My advice to you is stick it up your boringly pedantic backside.

    FACT.

    X


    :rotfl: You don`t like being called out on your nonsense do you?
  • padington
    padington Posts: 3,121 Forumite
    Crashy_Time wrote: »
    :rotfl: You don`t like being called out on your nonsense do you?

    Err pot, kettle. ;)
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • ChopperST
    ChopperST Posts: 1,257 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crashy_Time wrote: »
    Lets revisit your supply and demand argument in the near future shall we? Oh, and stop trying to pretend to be intelligent by writing loads of paragraphs, it is obvious from a line or two that you have no idea what you are talking about.

    When in the future? When supply goes up and prices come down or when demand continues to outstrip supply and prices to continue to rise? Will also stop using paragraphs from now on.
  • ChopperST
    ChopperST Posts: 1,257 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crashy_Time wrote: »
    Not much it seems...


    http://www.telegraph.co.uk/finance/economics/11149882/Has-the-London-house-price-bubble-burst.html

    Reading the whole article...
    Looking 12 months ahead the report predicted a 2.1pc house price rise for the UK regions and a 1pc rise in London.
  • flea72
    flea72 Posts: 5,392 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    PasturesNew wrote: »
    This "simple bin man" is raking in £1700/month in London. So that's a lot higher than your guessed £15k. It's more like £22k/year

    http://www.bbc.co.uk/programmes/articles/3m3tTkxZY8BvZJSCgZR96DM/contrasting-lives-bin-men

    Thats pay for a driver. A loader, would earn around £15k
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    flea72 wrote: »
    Thats pay for a driver. A loader, would earn around £15k

    To concur, a quick google identified a few refuse loader roles in and around London being advertised for between £6.31 and £8.80 an hour. Presumably a driver needs an HGV licence and therefore commands a higher salary.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Has the privatisation of waste services had an effect on wages.
This discussion has been closed.
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