Help please - what to set as limit at auction?

Enm1 wrote: »

Just need to be disciplined on the auction day and not get carried away as we attend an auction recently and there was quite a frenzy and everyone could feel the tension in the room for some properties.

If there's a frenzy, don't get involved. Wait until the frenzy has finished before bidding.


If there's a frenzy, it tends to be because of illogical bidders.

For example,

• 3 or 4 bidders have a limit of around £250k for a property

• Bidding is moving up towards £250k

• Illogically, those 3 or 4 bidders all want to get a bid in before it reaches £250k

• (I guess they just want the buzz of telling people that they made a bid at a property auction.)

• The property eventually sells for £280k

It's far more sensible to wait until bidding has calmed down at about £270k before bidding (assuming that's still within your limit).

kinger101 wrote: »

I've not dug into the underlying figures but the article does state:

"LSBU wins this award, having jumped into the top four for graduate prospects nationally, with nearly 89 per cent of graduates in professional graduate-level jobs or further study six months after graduation."

"Median LSBU graduate salaries start at £26,000, which is among the highest in the country."

I suspect they've not standardized this data by type of entrant (mature, postgraduate, international) but the fact is while it's not somewhere the most academically able might choose, it does offer a high proportion of vocational courses which will improve the prospects of those undertaking the course. This is what is likely being reflected in the stats.

Not everyone can get 3 or 4 good A-levels, but it doesn't mean there shouldn't be opportunities for them to continue education and gain skills valued by employers.

Yes I know it is off topic but you have really got to read what these things say. What it actually says is that probably 10 students got £26k or over. 10 got under £26k and the rest have stayed in education in the hope that they can turn their useless degrees into something that pays a bit more than national minimum wage.



There are only about 30 universities that give value for the money spent on the degree the others would all be better off as technical colleges offering free education to local people especially in London.



You don't have to go to university to gain skills valued by employers. That is exactly what technical colleges were for. The only diffence being that they are now called universities and can charge £9000 per year for the benefit of an old technical college education that used to be free. There are around 11 universities like this in London that used to be technical colleges. The technical colleges were run for the benefit of local people to give them skills to help them get a job. The backwards step was allowing them to turn into universities and charge students for these courses. Which are around the same level of difficulty as the free technical college courses.



You can see how these universities attract gullible students. £26k for most of the country would be a good salary but in London it wouldn't pay the rent on a one bed flat and leave much over.



Generally speaking the universities that have to advertise how many people get jobs or are in education 6 months later are the ones that students try to avoid going to because they know that they are not good value for money. I wouldn't expect the top universities to advertise how many people get jobs and what they are paid for them because they don't have any trouble attracting students. You can tell which universities are not worth paying to go to by their advertising if you read what it says carefully enough.



The student in this case is fortunately not attending this university which is a really good thing but I am still not convinced that buying a property for them to live in is worth it unless they are studying medicine which is a very long and expensive course. It probably wouldn't be worth it for a nursing degree because of the cost of selling a studio after the course has finished. It could be easy to sell but on the other hand it might not be which is why renting makes life easier.