Never mind the house prices, I'm saving a deposit.

Turnbull2000

dannyboycey wrote: »

Rubbish. Sure, there is job security, but well paid? Give me a break. These people are the backbone of our country and deserve better.

As for the government's key worker scheme, it is an absolute joke. Let's see... you pay rent AND a mortgage, and the government keep a big chunk of any profit you make. Many of these properties are ludicrously over-priced new-builds anyway, so the seemingly good deal is actually more of a p*ss take on the governments part.

EVERY worker is the backbone of this country and should be treated equally.

Aside from the issue of overpriced housing, public sector pay and conditions are very favourable. Public sector pay levels overtook private sector 5-6 years ago, and if you include the huge employer (taxpayer) contributions towards their final salary pension funds then the chasm is even greater.

The key worker scheme has been revised to offer half your mortgage at 1.75% interest. That quite a tidy sum.

dannyboycey

Turnbull2000 wrote: »

EVERY worker is the backbone of this country and should be treated equally.

The 'telephone operative' that I spoke to from a certain low cost phone/broadband provider last week certainly wasn't. No naming and shaming, but it starts with 'talk' and ends with 'talk'.

busy_bee_7

born_again_saver wrote: »

We can all boggle at the house prices of today. How do you buy your own, albeit modest first place as a young, single person earning less than 20k? Or as a couple earning £30-£40k between you? "Priced out" first time buyers young and old, what are we to do?

Save, save, save.

It's the only thing that makes sense to me right now. It's what our parents did. It's what a lot of people on here and elsewhere are recommending, even people who might have said "buy whatever it costs" not so long ago. The mortgage lenders are changing their rules, once again they'll want a sensible deposit before they'll give you a mortgage with sensible interest rates.

I'm in my late twenties and on below £20k. I'm renting a room in a shared house - and I'm single. I'm going to save up a deposit of £20,000 to buy myself my first home, plus costs, with a view to buying in late 2011. I've already got nearly £4,200 to get me started.

My savings target is now in my signature. It will take me a few years of hard saving, and there's no guarantee I'll be able to afford anything in 2011 either, but you have to aim for something.

I couldn't agree more. If you are in a position to buy, have the deposit and a good job, that' great.
But if you are not, like more and more people nowadays, not only young but of all ages, then I think saving is the best solution. If not the only solution.
And I don't think stressing about high house prices is going to help either. I am in a similar position. I haven't got rich parents, not likey to have any rich uncle.
I have given up my teaching career as it was going absolutely nowhere.:mad:
I can honestly say it was one of the worst experiences in my life.
It took me a while to get over it.
I am now starting a job in a different industry - lol I wish it was in the City
Well, in the real life I have to start again. So this year I decided to have 2 jobs, do as much saving as I possibly can and just pray that the house prices won't get any higher! LOL:rotfl:

relaxing at the momet Busy Bee

busy_bee_7

Turnbull2000 wrote: »

Most of whom are generally very well paid, have secure jobs with excellent pension provision and are entitled to generous Government 'key worker' subsidies.

Hm, Turnbull, unfortunatelly I disagree with you.
I have had a first hand experience. I have resigned from teaching last year.
I know nothing about "being well paid" and "having generous pension provision". It only works if you have been in that profession for most of your life or decide to do teaching as your career. It will take you somewhere eventually. That is if you do not suffer a mental or physical breakdown along the way. For majority of teachers it is a financial struggle and majority of teachers are women with a husband as a main breadwinner!
Oh, dare I mention the impossible workload, stress and abuse...
Take your pick.
:cool:

Born again Busy Bee

dannyboycey

busy_bee wrote: »

Hm, Turnbull, unfortunatelly I disagree with you.
I have had a first hand experience. I have resigned from teaching last year.
I know nothing about "being well paid" and "having generous pension provision". It only works if you have been in that profession for most of your life or decide to do teaching as your career. It will take you somewhere eventually. That is if you do not suffer a mental or physical breakdown along the way. For majority of teachers it is a financial struggle and majority of teachers are women with a husband as a main breadwinner!
Oh, dare I mention the impossible workload, stress and abuse...
Take your pick.
:cool:

Born again Busy Bee

I'm with you Busy Bee... My partner did exactly the same last year - as have several of her colleagues. It's a really sad state of affairs that needs addressing. We actually worked out that her 25k a year equated to less than minimum wage when taking into account actual hours worked. Add this to the stress involved and it's just not worth it.

bryanb

busy_bee wrote: »

Hm, Turnbull, unfortunatelly I disagree with you.
I have had a first hand experience. I have resigned from teaching last year.
I know nothing about "being well paid" and "having generous pension provision". It only works if you have been in that profession for most of your life or decide to do teaching as your career. It will take you somewhere eventually. That is if you do not suffer a mental or physical breakdown along the way. For majority of teachers it is a financial struggle and majority of teachers are women with a husband as a main breadwinner!
Oh, dare I mention the impossible workload, stress and abuse...
Take your pick.
:cool:
Dare I mention the short working day? (don't say preparation, my partner teaches)
Dare I mention More than 3 months annual holiday?

dannyboycey

bryanb wrote: »

Dare I mention the short working day? (don't say preparation, my partner teaches)
Dare I mention More than 3 months annual holiday?

Not to my partner.... unless you want castrating.

bryanb

dannyboycey wrote: »

Not to my partner.... unless you want castrating.

Does it hurt?

busy_bee_7

bryanb wrote: »

busy_bee wrote: »

Hm, Turnbull, unfortunatelly I disagree with you.
I have had a first hand experience. I have resigned from teaching last year.
I know nothing about "being well paid" and "having generous pension provision". It only works if you have been in that profession for most of your life or decide to do teaching as your career. It will take you somewhere eventually. That is if you do not suffer a mental or physical breakdown along the way. For majority of teachers it is a financial struggle and majority of teachers are women with a husband as a main breadwinner!
Oh, dare I mention the impossible workload, stress and abuse...
Take your pick.
:cool:
Dare I mention the short working day? (don't say preparation, my partner teaches)
Dare I mention More than 3 months annual holiday?

bryanb,
Your patner is then one of the lucky ones! I do not deny, there ARE some good schools, looking after their staff. And there are some teachers who are HAPPY to teach.
My experience, however, was very different.
It really depends on soo many things (type of school, subject, department, scheme of work, sharing resources, new government guidelines, bla, bla, bla, etc.)
Holidays you say - most of the part-time/full time teachers spend them on marking, reports, creating resources.
There was one new qualified girl who had to live on cereals all month, as her salary only covered rent and bills. :eek:
I am glad your partner likes it. But do you fancy trying for yourself?
I do not mean to moan, I am simply sayin this IS reality for most of the teachers I know. Err.. I used to know. :T

Busy Bee

Running_Horse

bryanb wrote: »

I am not advocating stopping deposit saving, However I would just like to list who would like to see a house price crash and who not.

For crash- Anyone wishing to buy
Against-Estate agents (commission %)
Against-Government (stamp duty %, inheritance tax, capital gains tax)
Against-Surveyors/valuers( fees %)
Against-Lenders (interest payments %)
Against-BTL landlords
Against-Home owners not intending moving

I'm sure there are many more against but how many more for?

Rubbish, we own our house and don't plan to move for 20 years, but are not against a crash. Has it occured to you that you don't have to be for or against something? Like last nights storm, if it happens it happens. Most the people at work almost never mention house prices. It just isn't that interesting.