UK Affordability still very good

economic

i have stopped reading and watching and listening to all forms of media pretty much, its scary how much of that stuff messes with your mind. i suspect thats what happened to bagofwind.

pick up the newspaper, chances are theres a piece on how ridiculous house prices are or it show cases new build properties that you HAVE to buy!

crazy world.

mrginge

I preferred GreatApe when he was cells.

economic

mrginge wrote: »

I preferred GreatApe when he was cells.

cells has evolved into GreatApe. then he will evolve into a human and then a cyborg.

Graham_Devon

ukcarper wrote: »

My total income is less than £1750 my council tax and utilities are about £350, I still can save have a fairly active life and run a car.


Remember his take home pay is £1250 after rent as the £975 after £275 he was already saving.

Indeed. But you are not paying an £800 mortgage bill each month.

Crashy_Time

http://www.bbc.co.uk/news/business-39803515

Crashy_Time

westernpromise wrote: »

Probably so, but if you properly price what that fun is costing you, you might decide it's very expensive fun.

My sister in law spent her 20s and 30s in TV. She had great fun hobnobbing with slebs off the TV and hanging out at the Groucho Club. But TV, while fun, is an ageist and sexist industry in which there is a ready welcome for pretty suggestible middle class graduates in the 20s, but very little room for the mumsy old bags in their late 30s and 40s that the industry considers the same females have turned into.

So for the last 20 years she has struggled for work and is now a meeja studies lecturer at a former poly earning a pittance.

I spent my 20s and 30s working long and stressful hours understanding the often tedious minutiae of an industry in which a small error could cost your company millions and you your job. 20 to 30 years later, I can parlay this into a 6-figure salary doing work that is no longer very hard or boring, or if it is, I delegate it.

A few years ago we were both freelance and were discussing the rate we could charge ourselves out at. She indicated she would be very happy with £1,000 and I said I didn't get out of bed for less than £2,000. After a bit of confusion it transpired that we were at cross-purposes: she was talking about her weekly rate and I was talking about my day rate.

She, like many others, was bitterly jealous of those who have done what I did.Obviously they are very keen for the different outcomes to be the result of unfairness and the brokenness of something or other. But it's not, it's just about how far ahead do you think. If you figure you're in your twenties and entitled to some fun, that's fine, but you need to consider the possible causal connection between spending your 20s having fun and spending your 40s renting.

Fun can often be another word for irresponsibility.

So 2k a day and still into BTL and posting on the internet every day, the mind boggles.

AprilR

Me and my partner are 23. I've worked since the age of 16 and been promoted a few times. My partner went to uni and has a pretty good job. We have both been saving hard, but have also been on holidays to America. We're both sensible with money, we don't go out boozing, don't smoke etc but we still have fun. We're in the process of buying our first home with a decent 15% deposit on a four bed house. I'm speaking from experience in this generation, it can definitely be done if you put your mind to it.

economic

AprilR wrote: »

Me and my partner are 23. I've worked since the age of 16 and been promoted a few times. My partner went to uni and has a pretty good job. We have both been saving hard, but have also been on holidays to America. We're both sensible with money, we don't go out boozing, don't smoke etc but we still have fun. We're in the process of buying our first home with a decent 15% deposit on a four bed house. I'm speaking from experience in this generation, it can definitely be done if you put your mind to it.

well done for not being like everyone else. you are only 23 as well. just goes to show it can be done and in fact it can easily be done if you have the right mind. its the media and people like bags of wind who think otherwise and assume all people are dumb and follow the herd and consume (they also think they have the right to consume AND buy property).

ukcarper

Graham_Devon wrote: »

Indeed. But you are not paying an £800 mortgage bill each month.

You do know what disposable incomes, I'll make it clearer for you that person on average earnings has £1250 after rent, I have less than £1250 after council tax, water rates, phone/broadband and TV licence, which he would not need to pay if he was renting a room.

Windofchange

economic wrote: »

...i have my own place and am semi retired...

economic wrote: »

ive averaged 80% saving on net pay. i was earning 100k or so last ten years and i spend very little. now i am retired and i am 34.

And in response to your other half saying:

GreatApe wrote: »

Most likely the crash cheerleaders are mostly single men on less than the median full time male wage making little to no effort

economic wrote: »

that describes me...

So, you're retired, semi-retired and also earn 34k or so a year as a median wage earner. Is it any wonder it is impossible to have a discussion with you - you can't get your own story straight let alone give any meaningful analysis on other people'e situation!