My obsession with not buying in UK - Prove me wrong

Elliott.T123

onylon said:

RobHT said:

I don't have 3 months of notice, no one in IT has 3 months, we all have 1 month.

RobHT said:

Yes, it's one month for both parties.

It's not that easy to get skills that just a few have, I'm already on that boat, but it's just not that simple as you described it.
The IT world is very bad, you can talk to anyone and they would tell you the same, especially in Engineering.

I'm an engineer myself and its much easier than you might think. Next time you want to say "that's not my job", just smile and do it while getting as much out of the experience as you can. Worst case you get to act the martyr and request a more glamorous task in the next sprint. 

I don't know how you managed to swing 1 months notice, no one would offer me less than 3. Some want 6 months!

Onylon, I agree, I recruit a lot of Software Engineers and I rarely see any on less than 3 month notice, at least not mid - senior level. There is a huge skills gap right now in the IT sector in the UK, give me a good S.W Engineer and I can have 4-5 job offers for them within 2 weeks. I have one client who is offering fully remote working, paying £100k a year and has been looking since November for staff, another who is offering £80k plus equity and a 4 day working week and has been hiring since January. 
Rob, make the most of it while you can, the IT market is on fire!

Sunsaru

RobHT said:

Over to you, prove me wrong .

22 pages in and the answer is: We can't.... the only person that can prove you wrong is yourself. If your ideals, calculations and assumptions work for you then just do you and be happy while you do it!

Peace x

RobHT

onylon said:

RobHT said:

I don't have 3 months of notice, no one in IT has 3 months, we all have 1 month.

RobHT said:

Yes, it's one month for both parties.

It's not that easy to get skills that just a few have, I'm already on that boat, but it's just not that simple as you described it.
The IT world is very bad, you can talk to anyone and they would tell you the same, especially in Engineering.

I'm an engineer myself and its much easier than you might think. Next time you want to say "that's not my job", just smile and do it while getting as much out of the experience as you can. Worst case you get to act the martyr and request a more glamorous task in the next sprint. 

I don't know how you managed to swing 1 months notice, no one would offer me less than 3. Some want 6 months!

You must be an exception .
In IT the things move fast, so I see you as an exception.
I don't have all the data in hands to judge, so I take it as my personal opinion for now.

RobHT

Exodi said:

RobHT said:

Maybe you wanted to say that I'm not a troll??

I don't even think I mentioned anything about a saving account in the whole thread.

RobHT said:

LISA =  scam

RobHT said:

it's a scam for one damn simple reason, if you need LISA, then you should not buy, same for the other schemes! It means that you can't afford to buy.

RobHT said:

a LISA account is useless, full stop, I'm not gonna change my mind on that.

 LISA = Lifetime Individual Savings Account

The reason this thread continues isn't because there's an intense debate between two halves of the forum, it's because you're solely and deliberately posting procative and incorrect points of view that invoke reactions from everyone. Like you've just done with me.

Hats off to 2022's biggest troll.

...........................
I see it as a scam, not because it's a scam itself, it's because the government gives you something so sweet but in reality it's only a disadvantage for you, guess who's manages it?  
Investing in whatever fund out there gives you better return, and moreover, the possibility to cash out when you want!
Life it's not only about buying your house... Plus, I guess that those money could go only as the deposit, so you'll ever see the cash before being 60y old...

I'm not so idiot do not understand this page: https://www.gov.uk/lifetime-isa , but to be honest, I don't even care if I'm wrong about it, it's just so simple to spot as a trap.

• People that take the LISA can't afford an house, they will make only mistakes in life, like buying an house they can't afford.

They are also the super smart people that buy new cars, then swap it because they can't sustain it.
They probably end up in leasing (never renounce to show off a new car ), but not even that suits their broken wallet, so they fall back in very old and abused cars at the very end, blaming the Germans for the complexity of the cars that generate huge bills, plus their eternal incompetence.

• Same for shared ownership where you are fully responsible for the house btw, I'm not sure if people realise what the hell this means in a real estate market like in UK... If you don't have house building experience, we can't have a meaningful conversation about it, I'm extremely serious about it.

https://www.gov.uk/shared-ownership-scheme/who-can-apply 

Who can apply

You can buy a home through shared ownership if both of the following are true:

• your household income is £80,000 a year or less (£90,000 a year or less in London). The State is telling you that you are a low income if you take below 80k outside London (on the edge of the society basically), or below 90k inside London or Greater London (I suppose). National average is 25k, 36k in London, just saying...
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs. So don't buy, don't force the situation!

One of the following must also be true:

• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now. Which means they'll never be able to, for most people.
• you’re forming a new household - for example, after a relationship breakdown. Every man is broken down after a relationship here, I don't even want to start that conversation , I'm pretty sure no one would understand.
• you’re an existing shared owner, and you want to move. Which most probably means that the house has a big problem, or that the place has turned into a drug selling point. I reinforce "most probably".
• you own a home and want to move but cannot afford a new home that meets your needs. So you could never afford a new house, the previous one was given by inheritance, most probably.

• Or the help to buy, which pushes you off the cliff...

In any case, the answer to your message is a bit outside the scope of this conversation.

RobHT

Elliott.T123 said:

onylon said:

RobHT said:

I don't have 3 months of notice, no one in IT has 3 months, we all have 1 month.

RobHT said:

Yes, it's one month for both parties.

It's not that easy to get skills that just a few have, I'm already on that boat, but it's just not that simple as you described it.
The IT world is very bad, you can talk to anyone and they would tell you the same, especially in Engineering.

I'm an engineer myself and its much easier than you might think. Next time you want to say "that's not my job", just smile and do it while getting as much out of the experience as you can. Worst case you get to act the martyr and request a more glamorous task in the next sprint. 

I don't know how you managed to swing 1 months notice, no one would offer me less than 3. Some want 6 months!

Onylon, I agree, I recruit a lot of Software Engineers and I rarely see any on less than 3 month notice, at least not mid - senior level. There is a huge skills gap right now in the IT sector in the UK, give me a good S.W Engineer and I can have 4-5 job offers for them within 2 weeks. I have one client who is offering fully remote working, paying £100k a year and has been looking since November for staff, another who is offering £80k plus equity and a 4 day working week and has been hiring since January. 
Rob, make the most of it while you can, the IT market is on fire!

I know , but it doesn't work so easy as you say, it's way more complex, I don't doubt about my skills, you really need to work in such environment to get the full understanding, I can't really blame you on this.

RobHT said:

Over to you, prove me wrong .

22 pages in and the answer is: We can't.... the only person that can prove you wrong is yourself. If your ideals, calculations and assumptions work for you then just do you and be happy while you do it!

Peace x

Peace

Well, someone gave me some good insight, but it wasn't like "hey, I'm 100% right on this and there are no risks".
Everyone may be fully right or not, it just depends from the future of each of us.
I all essence, we can all be friends  

steve866

D924 said:

I stupidly took out a LISA so while I agree with OP I'm basically now forced into the pyramid scheme!

Can you explain? As far as I understand you could withdraw your money from a Lisa if you change your mind (you’d just lose the government bonus) or you can use it for a deposit for a house?

grumiofoundation

RobHT said:

Exodi said:

RobHT said:

Maybe you wanted to say that I'm not a troll??

I don't even think I mentioned anything about a saving account in the whole thread.

RobHT said:

LISA =  scam

RobHT said:

it's a scam for one damn simple reason, if you need LISA, then you should not buy, same for the other schemes! It means that you can't afford to buy.

RobHT said:

a LISA account is useless, full stop, I'm not gonna change my mind on that.

 LISA = Lifetime Individual Savings Account

The reason this thread continues isn't because there's an intense debate between two halves of the forum, it's because you're solely and deliberately posting procative and incorrect points of view that invoke reactions from everyone. Like you've just done with me.

Hats off to 2022's biggest troll.

...........................
I see it as a scam, not because it's a scam itself, it's because the government gives you something so sweet but in reality it's only a disadvantage for you, guess who's manages it?  
Investing in whatever fund out there gives you better return, and moreover, the possibility to cash out when you want!
Life it's not only about buying your house... Plus, I guess that those money could go only as the deposit, so you'll ever see the cash before being 60y old...

I'm not so idiot do not understand this page: https://www.gov.uk/lifetime-isa , but to be honest, I don't even care if I'm wrong about it, it's just so simple to spot as a trap.

• People that take the LISA can't afford an house, they will make only mistakes in life, like buying an house they can't afford.

They are also the super smart people that buy new cars, then swap it because they can't sustain it.
They probably end up in leasing (never renounce to show off a new car ), but not even that suits their broken wallet, so they fall back in very old and abused cars at the very end, blaming the Germans for the complexity of the cars that generate huge bills, plus their eternal incompetence.

• Same for shared ownership where you are fully responsible for the house btw, I'm not sure if people realise what the hell this means in a real estate market like in UK... If you don't have house building experience, we can't have a meaningful conversation about it, I'm extremely serious about it.

https://www.gov.uk/shared-ownership-scheme/who-can-apply 

Who can apply

You can buy a home through shared ownership if both of the following are true:

• your household income is £80,000 a year or less (£90,000 a year or less in London). The State is telling you that you are a low income if you take below 80k outside London (on the edge of the society basically), or below 90k inside London or Greater London (I suppose). National average is 25k, 36k in London, just saying...
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs. So don't buy, don't force the situation!

One of the following must also be true:

• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now. Which means they'll never be able to, for most people.
• you’re forming a new household - for example, after a relationship breakdown. Every man is broken down after a relationship here, I don't even want to start that conversation , I'm pretty sure no one would understand.
• you’re an existing shared owner, and you want to move. Which most probably means that the house has a big problem, or that the place has turned into a drug selling point. I reinforce "most probably".
• you own a home and want to move but cannot afford a new home that meets your needs. So you could never afford a new house, the previous one was given by inheritance, most probably.

• Or the help to buy, which pushes you off the cliff...

In any case, the answer to your message is a bit outside the scope of this conversation.

I'm not so idiot do not understand this page: https://www.gov.uk/lifetime-isa , but to be honest, I don't even care if I'm wrong about it, it's just so simple to spot as a trap.

I think this bolded comment sums up your attitude very clearly. Rather than actually analysing the situation correctly you would rather spout off about your opinions as facts. Personally when I am unable to or unwilling to research and analyse something I generally avoid insulting people. 

This is unrelated to your post above of course.



Best wishes from someone destined to make only mistakes in life. 

newsgroupmonkey_

Slithery said:

RobHT said:

I don't have 3 months of notice, no one in IT has 3 months, we all have 1 month.

I can tell you from personal experience that this just isn't true.

What's the point of this debate if you just keep on making up untrue facts to suit your agenda?

I gave up with this argument.

I work in IT (it was me he was replying to). I've checked our company Ts and Cs for new starters (which isn't as generous as my Ts and Cs)

Our starting state is 4 weeks "at risk" at which point full notice is given. 1 full week's pay for every year, no maximum what a week's pay is.

If more than 20 people are at risk, the law says 90 days consultancy in addition to standard notice. My standard notice is 3 months as I'm at a management level.

I know from experience (I made a couple of people redundant last year) that this is far from what reality is. I had a guy with 6 years who wanted to retire early given 3 months notice (garden leave - was allowed to leave straightaway and no restriction on getting immediate work) and 3 months pay. Another who had 18 years service was given a whole year.

RobHT

grumiofoundation said:

RobHT said:

Exodi said:

RobHT said:

Maybe you wanted to say that I'm not a troll??

I don't even think I mentioned anything about a saving account in the whole thread.

RobHT said:

LISA =  scam

RobHT said:

it's a scam for one damn simple reason, if you need LISA, then you should not buy, same for the other schemes! It means that you can't afford to buy.

RobHT said:

a LISA account is useless, full stop, I'm not gonna change my mind on that.

 LISA = Lifetime Individual Savings Account

The reason this thread continues isn't because there's an intense debate between two halves of the forum, it's because you're solely and deliberately posting procative and incorrect points of view that invoke reactions from everyone. Like you've just done with me.

Hats off to 2022's biggest troll.

...........................
I see it as a scam, not because it's a scam itself, it's because the government gives you something so sweet but in reality it's only a disadvantage for you, guess who's manages it?  
Investing in whatever fund out there gives you better return, and moreover, the possibility to cash out when you want!
Life it's not only about buying your house... Plus, I guess that those money could go only as the deposit, so you'll ever see the cash before being 60y old...

I'm not so idiot do not understand this page: https://www.gov.uk/lifetime-isa , but to be honest, I don't even care if I'm wrong about it, it's just so simple to spot as a trap.

• People that take the LISA can't afford an house, they will make only mistakes in life, like buying an house they can't afford.

They are also the super smart people that buy new cars, then swap it because they can't sustain it.
They probably end up in leasing (never renounce to show off a new car ), but not even that suits their broken wallet, so they fall back in very old and abused cars at the very end, blaming the Germans for the complexity of the cars that generate huge bills, plus their eternal incompetence.

• Same for shared ownership where you are fully responsible for the house btw, I'm not sure if people realise what the hell this means in a real estate market like in UK... If you don't have house building experience, we can't have a meaningful conversation about it, I'm extremely serious about it.

https://www.gov.uk/shared-ownership-scheme/who-can-apply 

Who can apply

You can buy a home through shared ownership if both of the following are true:

• your household income is £80,000 a year or less (£90,000 a year or less in London). The State is telling you that you are a low income if you take below 80k outside London (on the edge of the society basically), or below 90k inside London or Greater London (I suppose). National average is 25k, 36k in London, just saying...
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs. So don't buy, don't force the situation!

One of the following must also be true:

• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now. Which means they'll never be able to, for most people.
• you’re forming a new household - for example, after a relationship breakdown. Every man is broken down after a relationship here, I don't even want to start that conversation , I'm pretty sure no one would understand.
• you’re an existing shared owner, and you want to move. Which most probably means that the house has a big problem, or that the place has turned into a drug selling point. I reinforce "most probably".
• you own a home and want to move but cannot afford a new home that meets your needs. So you could never afford a new house, the previous one was given by inheritance, most probably.

• Or the help to buy, which pushes you off the cliff...

In any case, the answer to your message is a bit outside the scope of this conversation.

I'm not so idiot do not understand this page: https://www.gov.uk/lifetime-isa , but to be honest, I don't even care if I'm wrong about it, it's just so simple to spot as a trap.

I think this bolded comment sums up your attitude very clearly. Rather than actually analysing the situation correctly you would rather spout off about your opinions as facts. Personally when I am unable to or unwilling to research and analyse something I generally avoid insulting people. 

This is unrelated to your post above of course.



Best wishes from someone destined to make only mistakes in life. 

All right, I wanted to say "to be honest, I don't even care if I'm a bit wrong about it".
 

RobHT

newsgroupmonkey_ said:

Slithery said:

RobHT said:

I don't have 3 months of notice, no one in IT has 3 months, we all have 1 month.

I can tell you from personal experience that this just isn't true.

What's the point of this debate if you just keep on making up untrue facts to suit your agenda?

I gave up with this argument.

I work in IT (it was me he was replying to). I've checked our company Ts and Cs for new starters (which isn't as generous as my Ts and Cs)

Our starting state is 4 weeks "at risk" at which point full notice is given. 1 full week's pay for every year, no maximum what a week's pay is.

If more than 20 people are at risk, the law says 90 days consultancy in addition to standard notice. My standard notice is 3 months as I'm at a management level.

I know from experience (I made a couple of people redundant last year) that this is far from what reality is. I had a guy with 6 years who wanted to retire early given 3 months notice (garden leave - was allowed to leave straightaway and no restriction on getting immediate work) and 3 months pay. Another who had 18 years service was given a whole year.

Good for you mate, I've never seen such thing though .
Plus, many companies don't observe such human treatments, neither the law to be precise, so I don't count on anything, law or company good intentions.

Please let's make it clear that the week as an exit payment it's stuff of your contract, it's not the one from the law capped at 544 pounds.
I've never seen even this in a contract .