Housing in London
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 Stuk  Top half 25 Nov 14 1.45pm |
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Quote Pussay Patrol at 25 Nov 2014 1.24pm
Quote Stuk at 25 Nov 2014 12.33pm
Quote jamiemartin721 at 25 Nov 2014 10.10am
Quote Stuk at 24 Nov 2014 11.07pm
Quote serial thriller at 24 Nov 2014 5.22pm
Quote Stuk at 24 Nov 2014 5.06pm
Quote serial thriller at 24 Nov 2014 4.56pm
Quote Stirlingsays at 23 Nov 2014 7.40pm
It's the Greens whose agenda is responsible for energy prices being more expensive than it needs to be. It's the Greens, not the Tories who are really the implicit killers who finish off grannies and oldies too worried to put their heating on this winter. All so we can look good while China open another forty coal factories next year.
What he is eluding to, is the push for green taxes and levies (not to mention the part of the bill that pays for people who don't pay their own bills) mean that the overall unit cost becomes far more than it should be at wholesale cost + distribution + profit. Over 10% and then 5% VAT too.
Nothing will ever bring energy prices down. No matter who, when or why. All you can do is go as off grid or consumption light as possible. Well you could nationalize the industry and then utilize taxation revenue to subsidise the cost of utilities, recouping through taxation. Whilst it wouldn't actually reduce the cost over all (because ultimately you'd pay out in taxation) it would ensure the provision of an essential utility to all citizens. Obviously, you could set a tariff by which over x amount of usage is charged to the individual at a certain rate. Or through monopolization by the state you could recoup the cost through provision to private enterprise (who'd pass the cost onto the consumer) in terms of luxury products. Whilst neither option makes energy prices any cheaper, they do secure them and make them more affordable / available to all. In theory as well it should enable the state to wield more power in terms of price paid for power.
As I said, the only way you'll ever reduce your energy bills is to use less or generate your own.
Nope. Standing charge per day followed by a unit charge. The only difference can be day/night if on economy 7.
Optimistic as ever |
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| OknotOK Cockfosters, London 25 Nov 14 2.04pm |
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Quote jamiemartin721 at 25 Nov 2014 12.07pm
Quote jcreedy at 25 Nov 2014 11.11am
Unless people get help from parents, buying houses in London is now just for the wealthy, and ridiculous stamp duty thresholds makes it even harder. Pretty much, although not limited to the wealthy, just the high earners. I'd have thought you'd need to be looking at either a substantial deposit, or a salary in excess of 40k to get onto the property ladder in any kind of realistic way. £40k wouldn't get you anywhere near realistically without a very substantial deposit. Most lenders are not meant to be going in excess of 3.5 - 4x earnings. £140k would buy you nothing in most (desirable) areas in London. In my area a typical 3 bed house is now > £650k. I have a 3 bed bungalow and even that I could only afford last year because I had c. £100k in equity and a good salary (needed to be higher than £40k). And since I bought (almost exactly a year ago) my property has gone up in value by about £80k (identical sized property but in slightly better condition went for £95k more last week). I have 2 daughters and I hate to think how they will ever be able to afford living in London unless I give them c. £100k each by the time they are adults. And the only way I am going to have that sort of cash is when some asset-rich grandparent pops their clogs.
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Pawson Palace Croydon 25 Nov 14 2.10pm |
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Quote Stuk at 25 Nov 2014 1.45pm
Quote Pussay Patrol at 25 Nov 2014 1.24pm
Quote Stuk at 25 Nov 2014 12.33pm
Quote jamiemartin721 at 25 Nov 2014 10.10am
Quote Stuk at 24 Nov 2014 11.07pm
Quote serial thriller at 24 Nov 2014 5.22pm
Quote Stuk at 24 Nov 2014 5.06pm
Quote serial thriller at 24 Nov 2014 4.56pm
Quote Stirlingsays at 23 Nov 2014 7.40pm
It's the Greens whose agenda is responsible for energy prices being more expensive than it needs to be. It's the Greens, not the Tories who are really the implicit killers who finish off grannies and oldies too worried to put their heating on this winter. All so we can look good while China open another forty coal factories next year.
What he is eluding to, is the push for green taxes and levies (not to mention the part of the bill that pays for people who don't pay their own bills) mean that the overall unit cost becomes far more than it should be at wholesale cost + distribution + profit. Over 10% and then 5% VAT too.
Nothing will ever bring energy prices down. No matter who, when or why. All you can do is go as off grid or consumption light as possible. Well you could nationalize the industry and then utilize taxation revenue to subsidise the cost of utilities, recouping through taxation. Whilst it wouldn't actually reduce the cost over all (because ultimately you'd pay out in taxation) it would ensure the provision of an essential utility to all citizens. Obviously, you could set a tariff by which over x amount of usage is charged to the individual at a certain rate. Or through monopolization by the state you could recoup the cost through provision to private enterprise (who'd pass the cost onto the consumer) in terms of luxury products. Whilst neither option makes energy prices any cheaper, they do secure them and make them more affordable / available to all. In theory as well it should enable the state to wield more power in terms of price paid for power.
As I said, the only way you'll ever reduce your energy bills is to use less or generate your own.
Nope. Standing charge per day followed by a unit charge. The only difference can be day/night if on economy 7. I have this standing charge bollocks there is ZERO incentive to be cost efficient. Its like £2 per day so even if I went out for the whole month I'd still be billed like 60 quid minimum. My bills seem to come in around 100 a month which I think is quite steep. Total stitch up of a system.
Pride of South London |
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| Stuk Top half 25 Nov 14 2.56pm |
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Quote Pawson Palace at 25 Nov 2014 2.10pm
Quote Stuk at 25 Nov 2014 1.45pm
Quote Pussay Patrol at 25 Nov 2014 1.24pm
Quote Stuk at 25 Nov 2014 12.33pm
Quote jamiemartin721 at 25 Nov 2014 10.10am
Quote Stuk at 24 Nov 2014 11.07pm
Quote serial thriller at 24 Nov 2014 5.22pm
Quote Stuk at 24 Nov 2014 5.06pm
Quote serial thriller at 24 Nov 2014 4.56pm
Quote Stirlingsays at 23 Nov 2014 7.40pm
It's the Greens whose agenda is responsible for energy prices being more expensive than it needs to be. It's the Greens, not the Tories who are really the implicit killers who finish off grannies and oldies too worried to put their heating on this winter. All so we can look good while China open another forty coal factories next year.
What he is eluding to, is the push for green taxes and levies (not to mention the part of the bill that pays for people who don't pay their own bills) mean that the overall unit cost becomes far more than it should be at wholesale cost + distribution + profit. Over 10% and then 5% VAT too.
Nothing will ever bring energy prices down. No matter who, when or why. All you can do is go as off grid or consumption light as possible. Well you could nationalize the industry and then utilize taxation revenue to subsidise the cost of utilities, recouping through taxation. Whilst it wouldn't actually reduce the cost over all (because ultimately you'd pay out in taxation) it would ensure the provision of an essential utility to all citizens. Obviously, you could set a tariff by which over x amount of usage is charged to the individual at a certain rate. Or through monopolization by the state you could recoup the cost through provision to private enterprise (who'd pass the cost onto the consumer) in terms of luxury products. Whilst neither option makes energy prices any cheaper, they do secure them and make them more affordable / available to all. In theory as well it should enable the state to wield more power in terms of price paid for power.
As I said, the only way you'll ever reduce your energy bills is to use less or generate your own.
Nope. Standing charge per day followed by a unit charge. The only difference can be day/night if on economy 7. I have this standing charge bollocks there is ZERO incentive to be cost efficient. Its like £2 per day so even if I went out for the whole month I'd still be billed like 60 quid minimum. My bills seem to come in around 100 a month which I think is quite steep. Total stitch up of a system.
Mine is about 18p a day so I suggest you change provider. £100 per month doesn't seem like alot to me.
Optimistic as ever |
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jcreedy  25 Nov 14 3.42pm |
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Quote OknotOK at 25 Nov 2014 2.04pm
Quote jamiemartin721 at 25 Nov 2014 12.07pm
Quote jcreedy at 25 Nov 2014 11.11am
Unless people get help from parents, buying houses in London is now just for the wealthy, and ridiculous stamp duty thresholds makes it even harder. Pretty much, although not limited to the wealthy, just the high earners. I'd have thought you'd need to be looking at either a substantial deposit, or a salary in excess of 40k to get onto the property ladder in any kind of realistic way. £40k wouldn't get you anywhere near realistically without a very substantial deposit. Most lenders are not meant to be going in excess of 3.5 - 4x earnings. £140k would buy you nothing in most (desirable) areas in London. In my area a typical 3 bed house is now > £650k. I have a 3 bed bungalow and even that I could only afford last year because I had c. £100k in equity and a good salary (needed to be higher than £40k). And since I bought (almost exactly a year ago) my property has gone up in value by about £80k (identical sized property but in slightly better condition went for £95k more last week). I have 2 daughters and I hate to think how they will ever be able to afford living in London unless I give them c. £100k each by the time they are adults. And the only way I am going to have that sort of cash is when some asset-rich grandparent pops their clogs.
Also, if you daughters and their partners earn over £70k/£80k between them, they'll be excluded from nearly all shared-ownership schemes, making it even more impossible for them to get on the ladder. We looked at three two-bed terraced houses in Stratford over the summer, and at each viewing there were 40-50 people. The agent had one open weekend, and insisted that all bids be in by the Monday at 10am. All three houses went for around £50k over the asking price. Luckily we managed to get a new-build in Stratford, but still have to wait until Christmas 2015 to move in. The flat has probably gone up by £80k since we reserved, and they haven't even started laying bricks. Whilst I'd consider myself lucky, I'm very worried about how future generations are going to be able to live in the city. Don't even get me started on rent prices.
It was my dream to play for Palace and to make my debut. I've always played for the club so if I'm playing here, I wouldn't want to be anywhere else. - John Bostock (Nov 2007) |
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| jcreedy 25 Nov 14 3.46pm |
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Quote Pawson Palace at 25 Nov 2014 2.10pm
I have this standing charge bollocks there is ZERO incentive to be cost efficient. Its like £2 per day so even if I went out for the whole month I'd still be billed like 60 quid minimum. My bills seem to come in around 100 a month which I think is quite steep. Total stitch up of a system. Have you seen Ecotricity? They're cheaper in my postcode than the big four energy companies, answer your calls immediately with a human voice, and give you (and me!) £50-worth of earth-friendly stuff for joining. They're anti-fracking too, which is what convinced me to join them.
It was my dream to play for Palace and to make my debut. I've always played for the club so if I'm playing here, I wouldn't want to be anywhere else. - John Bostock (Nov 2007) |
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| DanH SW2 25 Nov 14 4.21pm |
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My girlfriend and I have a joint income of circa £100k p.a. and currently rent in Brixton. We've pretty much given up on the idea on buying in London. Neither of us have rich parents and we can't save fast enough to get to the kind of deposit required. The London property market is f*cked for residential buyers because of foreign investors and the buy-to-let market.
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| jcreedy 25 Nov 14 4.27pm |
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Quote DanH at 25 Nov 2014 4.21pm
My girlfriend and I have a joint income of circa £100k p.a. and currently rent in Brixton. We've pretty much given up on the idea on buying in London. Neither of us have rich parents and we can't save fast enough to get to the kind of deposit required. The London property market is f*cked for residential buyers because of foreign investors and the buy-to-let market. And when you do get your deposit together and feel immensely proud at how well you've done, you need to save another 3% of your house price for those c***s at the treasury.
It was my dream to play for Palace and to make my debut. I've always played for the club so if I'm playing here, I wouldn't want to be anywhere else. - John Bostock (Nov 2007) |
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| matt_himself Matataland 25 Nov 14 4.28pm |
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Quote DanH at 25 Nov 2014 4.21pm
My girlfriend and I have a joint income of circa £100k p.a. and currently rent in Brixton. We've pretty much given up on the idea on buying in London. Neither of us have rich parents and we can't save fast enough to get to the kind of deposit required. The London property market is f*cked for residential buyers because of foreign investors and the buy-to-let market. 'My girlfriend and I...'. No one believes that.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Pussay Patrol  25 Nov 14 4.35pm |
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Quote jcreedy at 25 Nov 2014 3.46pm
Quote Pawson Palace at 25 Nov 2014 2.10pm
I have this standing charge bollocks there is ZERO incentive to be cost efficient. Its like £2 per day so even if I went out for the whole month I'd still be billed like 60 quid minimum. My bills seem to come in around 100 a month which I think is quite steep. Total stitch up of a system. Have you seen Ecotricity? They're cheaper in my postcode than the big four energy companies, answer your calls immediately with a human voice, and give you (and me!) £50-worth of earth-friendly stuff for joining.http://www.ecotricity.co.uk/for-your-home?partner=RAFE&invite_code=RAFE-Z0F4R&no_canonical=true They're anti-fracking too, which is what convinced me to join them.
A wolly jumper and pair of sandles?
Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah |
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| OknotOK Cockfosters, London 25 Nov 14 4.44pm |
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Quote DanH at 25 Nov 2014 4.21pm
My girlfriend and I have a joint income of circa £100k p.a. and currently rent in Brixton. We've pretty much given up on the idea on buying in London. Neither of us have rich parents and we can't save fast enough to get to the kind of deposit required. The London property market is f*cked for residential buyers because of foreign investors and the buy-to-let market. I'll try and find the stats but the idea of foreign owners driving up prices is I believe a bit of a misnomer. Quote
In the small prime central London market, 49 per cent of new-builds were bought by overseas investors over the past two years. Across the rest of inner London, UK residents bought 80 per cent of new properties; in outer London, they bought 93.4 per cent. For Greater London as a whole, 85-90 per cent of new-builds were bought by UK residents, according to Knight Frank. So yes, overseas buyers are pushing up prices of very expensive homes in a few locations – but it is absurd to blame them for the overall over-valuation. Having said that the sentiment remains true. I am very tempted to keep my current house and rent it out and just relocate somewhere else in the country. Don't get my daughters living here with the unrealistic expectation they might one day actually be able to afford to buy themselves a home. Even renting is a nightmare. My sister was looking for a studio flat near us and it was upwards of £800. For a fcuking studio. Edited by OknotOK (25 Nov 2014 4.48pm)
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Stuk Top half 25 Nov 14 5.25pm |
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UK residents does include 28 EU countries and for the most part they're all coming into London and increasing competition for properties, and therefore pushing up prices and rents. An extra 50,000 London residents per year.
Optimistic as ever |
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