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- Super Spammer
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arry |
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arry Super Spammer
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Posted: 13:37 - 28 Dec 2017 Post subject: |
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panrider_uk wrote: | But houses going up in value means nothing while you still live in it and if you move then that house has probably also doubled in price so you really only benefit when you downsize or move away.
I can see some attraction, for the convenience, if you go out eating/clubbing etc every night but generally most areas have no shortage of good food and entertainment.
Busy, dirty, noisy, expensive.
Seems a high price to pay to me but each to their own |
You've still got the equity though, and the yield, regardless of how long it takes you to actually realise / release it. You wouldn't have as much of a yield from buying in other areas so you're effectively up the difference, which can be substantial (one of my guys bought a place in Hackney and sold it 8 years later - the equity alone bought his next house....).
Exactly that on the each to their own - as I say, some people like that sort of thing. It's not for me. |
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Im-a-Ridah |
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Im-a-Ridah World Chat Champion
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Posted: 15:17 - 28 Dec 2017 Post subject: |
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Rogerborg wrote: | M.C wrote: | Everytime you bring up the move to Kent argument you gloss over the commuting costs. |
There are jobs available outside the M25.
The only solution to London is for several million Londoners to leave.
Always makes me chuckle, Londoners priding themselves on being progressive and diverse (your mayor's dad drove a bus, you know), but the thought of leaving for the provinces is anathema. |
Well we need to make the jobs leave, yes. I've argued for this and similar policies on here before. Remove most of the public sector jobs from London for a start, so central government stuff, museums, mod, home office, NHS etc. Stop all transport funding from central gov and move it to the regions. Hike business tax rates and use it to subsidise manufacturing jobs 30m> from London. The problem is that London is their golden goose and its where all of the people in charge actually live. On the plus side the special treatment of Londoners won us Brexit!
panrider_uk wrote: |
I reckon that'd be a bit of a hovel but £90k would buy you a 2 bed terraced bungalow with garden in my village (North Lincolnshire).
I really don't understand why people are so keen to live and work in London where you pay so much for so little. What's the big attraction? |
There are jobs, and with good salaries, and lots of them, and close together. In something like Engineering London has as many jobs going as the entire North West, and look at Engineering jobs over 50k and London has more than the entire North and Midlands combined! So if you want such a job you either search around the entire country, or just live in London (where there's more anyway). |
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panrider_uk |
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panrider_uk World Chat Champion
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M.C |
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M.C Super Spammer
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Posted: 17:23 - 28 Dec 2017 Post subject: |
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mpd72 wrote: | M.C wrote: | Everytime you bring up the move to Kent argument you gloss over the commuting costs. I guess you could tell them you plan to jog to work, see if they believe you. |
You're playing the victim "my generation can't get on the housing ladder".
This is bollocks. I'm showing you why, you have enough deposit to put down 33% on a 1 bedroom flat, which start from £90K for a quarter house where I live, half an hour by train from your beloved Londonistan.
£120 a week train fare to London is affordable for many basic workers. If you think the thousands of commuters going to London are all city traders, you're wrong. I know plenty who work in retail as shop assistants in London and commute. |
No I'm making an obvious point. The low earners I know who commute in that far (by public transport) are... lets say mouth-breathers, and obviously haven't done the sums.
LOL a bedsit and a 75% shared ownership. For a second I thought you were actually going to be helpful. Yeah I'll take out a mortgage to live in a bedsit and spend 5k+ commuting
Rogerborg wrote: | There are jobs available outside the M25.
The only solution to London is for several million Londoners to leave.
Always makes me chuckle, Londoners priding themselves on being progressive and diverse (your mayor's dad drove a bus, you know), but the thought of leaving for the provinces is anathema. |
I'm not debating that, it's just MPD repeatedly acts like commuting into London makes sense for low earners. I think for most people they have friends/family here, and it's not like you'll be leaving for a suburb, realistically it'll be the North and likely another shit city.
Can I stay with you whilst I find myself a nice tenement? |
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asta1 |
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asta1 Scooby Slapper
Joined: 03 Dec 2015 Karma :
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Posted: 18:37 - 28 Dec 2017 Post subject: |
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mpd72 wrote: |
So many wrong assumptions there.
Is commuting to work free and timeless in London then?
An Oyster card can cost up to £60 a week and travel across London can take over half an hour each way, even by Tube. |
Fair point, there are some costs associated with living and commuting anywhere. But even taking your 'worst case' commute in London of £60 per week, by moving to a place with a £120/week commute you're still talking a minimum increase in commuting cost of £2,880/year. That's more than your mortgage payments on the £60k, and that's assuming you'd use the tube.
I think personally, if I was living in London within say 10ish miles of work and was faced with £60/week to use the tube, I'd just cycle. It's what I do in Manchester, and here it only saves me £245 a year in bus fees. £200 all in for an ok bike, treat it as a consumable and budget for one to be nicked every year (I've never actually lost one in 4 years), cheap as chips.
I accept that the hour of time lost a day probably isn't much of a factor as it'll take 30mins to get in even if you live a couple miles away.
Back to the actual cost of the house and travel expense, assuming a 25 year mortgage on the house (and yeah, if you've only borrowed 60K it really shouldn't take that long), we're talking an addition, based on your best case increase in commuting cost of £60/week, or £72,000 on top of the £60K plus interest already required to buy.
That equates to £162,000. For a 1 bed flat or even a bedsit in a less convenient location? Come on now... ____________________ CBT Acquired: 09/07/2015
A2 Licence Passed: 12/02/16
Current Bike: Yamaha MT-07 bought 02/07/16 |
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- Super Spammer
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Posted: 21:20 - 28 Dec 2017 Post subject: |
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M.C wrote: | mpd72 wrote: |
You're playing the victim "my generation can't get on the housing ladder".
This is bollocks. I'm showing you why, you have enough deposit to put down 33% on a 1 bedroom flat, which start from £90K for a quarter house where I live, half an hour by train from your beloved Londonistan.
£120 a week train fare to London is affordable for many basic workers. If you think the thousands of commuters going to London are all city traders, you're wrong. I know plenty who work in retail as shop assistants in London and commute. |
No I'm making an obvious point. The low earners I know who commute in that far (by public transport) are... lets say mouth-breathers, and obviously haven't done the sums.
LOL a bedsit and a 75% shared ownership. For a second I thought you were actually going to be helpful. Yeah I'll take out a mortgage to live in a bedsit and spend 5k+ commuting
Rogerborg wrote: | There are jobs available outside the M25.
The only solution to London is for several million Londoners to leave.
Always makes me chuckle, Londoners priding themselves on being progressive and diverse (your mayor's dad drove a bus, you know), but the thought of leaving for the provinces is anathema. |
I'm not debating that, it's just MPD repeatedly acts like commuting into London makes sense for low earners. I think for most people they have friends/family here, and it's not like you'll be leaving for a suburb, realistically it'll be the North and likely another shit city.
Can I stay with you whilst I find myself a nice tenement? |
Your problem is you, not society. Everyone else seems to grow up and cope, you just find it too easy suckling your mothers teat in her Council flat, whilst playing the downtrodden victim.
Getting off your arse and joining the housing ladder is well within your grasp. You’re just blaming everyone else for your own situation. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
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Rogerborg nimbA
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Posted: 12:07 - 29 Dec 2017 Post subject: |
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So, anyway, back on the topic.
I've just had my attention drawn to https://emissionsanalytics.com who perform real world emissions testing on UK vehicles.
Their conclusion: many new diesels are belching out far, far higher levels of NOx on the road than they produce while under Euro 6 testing.
Like, 8 to 12 times the allowed limit.
Lulz are the 315hp BMW 7 series 3.0 litre 4wd diesel being on limit, but the 74hp Kia Rio 1.1 being one of the worst on the road.
Epic lulz is Mayor Munckhin providing the figures to Lahndoners at https://www.london.gov.uk/what-we-do/environment/pollution-and-air-quality/cleaning-londons-vehicles/newer-vehicle-checker .
So, tell me again what the point of a ULEZ zone is, when you're mugging folk based on the fiction that new diesels are cleaner than old ones? ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
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Posted: 20:52 - 29 Dec 2017 Post subject: |
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Probably had to re-mortgage to pay off his ex-wife when she ran away with an immigrant. ____________________ Mpd72: I can categorically say i’m Brighter than that, no matter how I come across on here.
HAHAHA HAHAHA Blew Chilly MyCrowSystems |
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Im-a-Ridah World Chat Champion
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Posted: 22:34 - 29 Dec 2017 Post subject: |
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Hate that term millennials, I've reluctantly accepted Brexit but I draw the line here |
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Posted: 11:04 - 30 Dec 2017 Post subject: |
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M.C wrote: | Jewlio Rides Again LLB wrote: | £70k in 1999.
You know, just before the big boom, and you weren't old enough to take advantage? |
Don't think my paper round would have been enough
Rogerborg wrote: | https://i.imgur.com/Ry0KUKC.png |
I learnt from the master |
What the yappy little man doesn't know from his extensive Internet warrior, stalking endeavours, is that I had to double the remaining mortgage after about 5 years to buy the ex out.
I wondered why you kept yapping on about how much I paid for it, you're both wrong. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
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Old Thread Alert!
The last post was made 6 years, 133 days ago. Instead of replying here, would creating a new thread be more useful? |
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