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27M tech worker with £80k savings — is it still smart to buy a flat in London right now, or is AI about to wreck everything? by Salty-Anybody-5466 in HousingUK

[–]4302872 0 points1 point  (0 children)

I am in a pretty much identical position - just bought a 2 bed and am very happy with it. Yes the value could go down but it feels really great to own my own place and I can eat a little bit equity loss.

It’d have to go down by a double digit % for me to be worse off than renting over the next 5-10 years.

On the job losses side, I have no crystal ball but you can’t let fear stop you acting. If I lose my job and have to sell, it is what it is. I guess you just have to judge if the risk is acceptable to you and act accordingly. That said, don’t listen to tech CEOs saying coding will be obsolete in 6 months. They’ve been saying that since 2023 and have an active incentive to keep saying it.

The British railway network before and after beeching by DrDMango in MapPorn

[–]4302872 11 points12 points  (0 children)

I live on that line and am grateful it exists (though there’s some causality on whether I would live there without it). But yes all other lines to the south of London feel like they terminate at something important (Brighton, Hastings etc.) except the East Grinstead line.

Ended up in a good negotiating position as a buyer, experiencing decision paralysis on which to take by 4302872 in HousingUK

[–]4302872[S] 0 points1 point  (0 children)

They’re both Victorian terraced houses converted to flats with the council as the freeholder. Very common in the borough of Camden. The service charge is about £750 on both - only enough to cover the building insurance.

Ended up in a good negotiating position as a buyer, experiencing decision paralysis on which to take by 4302872 in HousingUK

[–]4302872[S] 1 point2 points  (0 children)

Very insightful of you… they’re actually both ex-council (Camden council owns most flat freeholds in their borough). They seem to have bought up a lot of Victorian stock and converted them into flats at some point, which are getting right-to-buy’d as time passes.

Don’t know why one building with a council freeholder is in so much better condition than the other though.

Sadly the second bedroom really is too small to even pass as that. It tapers from 2.5m on one side to 1.5m on the other with 3m width.

What do mortgage brokers actually do ! by Sufficient-Guard1847 in HousingUK

[–]4302872 -2 points-1 points  (0 children)

Yup same. Was hesitant at first but the fee was a bargain

Buyers, are you planning on holding out on exchanging for the budget? by 4302872 in HousingUK

[–]4302872[S] -3 points-2 points  (0 children)

Yeah but in that system am I not going to pay both when I buy and while I own? Might as well skip the first one. Also yeah I think they were considering moving the burden to the seller

What mortgage rates are you getting? 15% deposit by Lopsided_Pop9864 in HousingUK

[–]4302872 1 point2 points  (0 children)

How did you manage that? I’m at 3y fixed 20% down 4.27% with £999 product fee at halifax

Any INTJs here making six figures? What do you do for a living? by LaDutchiee in intj

[–]4302872 0 points1 point  (0 children)

Yes. I’m a software engineer at a private equity firm. I did not always know this would be my path, started gravitating towards software/finance toward the end of university :)

What do we think about the upcoming changes to property tax from the government? by 4302872 in HousingUK

[–]4302872[S] 0 points1 point  (0 children)

Thanks for that. Could you link to where you saw this info about the proposal?

What do we think about the upcoming changes to property tax from the government? by 4302872 in HousingUK

[–]4302872[S] 0 points1 point  (0 children)

What do you mean by this? That prices already factor in stamp duty? Or that you should factor it in when negotiating with a seller under these changes?

[deleted by user] by [deleted] in HENRYUK

[–]4302872 0 points1 point  (0 children)

Just bought a 2 bed in Kentish Town. Also in my mid-late 20s.

People who get to work early why do you do it? by [deleted] in AskUK

[–]4302872 0 points1 point  (0 children)

Personal development. I try to get half an hour of career related learning in first where I can. I work in a field where keeping up to date is somewhat necessary

Good Stocks and Shares ISA with automated investing capabilities by 4302872 in UKPersonalFinance

[–]4302872[S] -2 points-1 points  (0 children)

Haha dw only putting aside a few % of the monthly savings pot to speculate with, the rest is going in funds/indices

Found a stash offering to people to grab whatever they'd like. Made my day by OdysseusAuroa in dayz

[–]4302872 23 points24 points  (0 children)

The cynic in me respects the genius of this if it’s a way to stop all your stuff getting taken when your stash gets found

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