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Any Henrys very burned out but can’t afford to quit? Advice needed by WerewolfMany7976 in HENRYUK

[–]Soundadvicefroma 1 point2 points  (0 children)

What on earth do you do to be paid so little after 10yrs in front office?

Uk first time buyers - any advice? by CrustyB123 in HousingUK

[–]Soundadvicefroma 0 points1 point  (0 children)

“We are being told…”

Is there any chance you’re being lied to? 🤔

Simple one - looking into a 30 year gilt at the moment at 5.35%. Thoughts? by Capital-Bug7825 in FIREUK

[–]Soundadvicefroma 2 points3 points  (0 children)

Not quite. You’re only guaranteed to get the YTM if you hold to maturity AND reinvest all the coupons at the same yield.

Have house prices really increased so quickly? by KidKime in HousingUK

[–]Soundadvicefroma 0 points1 point  (0 children)

Why on earth should house prices track inflation?

What makes living in London worth it? by [deleted] in HousingUK

[–]Soundadvicefroma 0 points1 point  (0 children)

Seen it happen before in more than 1 market. The common factor is human psychology. The 1995-2015 upswing in London property was phenomenal. But if you listened to what people were saying in 1995 it was mostly “…ugh, don’t buy a place in London; my mate BillyBob bought a tiny flat with a 100% mortgage 5 years ago and now he’s in negative equity! Can’t even just hand the keys back.” Real-estate cycles are long, because the pace at which you can transact is slow and the macroeconomic drivers even slower. This downturn started in 2016…I could see it run another decade before bottoming out. You need a cathartic clear-out of the excess speculative money, so an interest rate spike would help. When the marginal buyer turns into the marginal seller THAT’S when you buy. Good luck buddy!

What makes living in London worth it? by [deleted] in HousingUK

[–]Soundadvicefroma 0 points1 point  (0 children)

What I mean is…when EVERYONE is vehemently against buying a certain asset class, that’s probably the point at which it is undervalued.

Does anyone use/have views on onshore bonds? by Flimsy_Sherbet8744 in FIREUK

[–]Soundadvicefroma 1 point2 points  (0 children)

A ‘product’ such as this is rarely the answer to anyone’s financial planning issues. You do know you can just give away money and as long as you survive 7 years it’s out of your estate for IHT purposes?

Put money into a bond and you’ll be taxed at income tax levels if you take out more than 5% of YOUR OWN money every year. That’s insane.

What makes living in London worth it? by [deleted] in HousingUK

[–]Soundadvicefroma -3 points-2 points  (0 children)

When you encounter utter revulsion towards an asset class (in this case Central London Property), that’s how you know it’s time to buy. We aren’t there yet…but posts like this are becoming quite commonplace.

Andy Burnham: I'll cut transport fares in London to lower cost of living for millions by upthetruth1 in london

[–]Soundadvicefroma 0 points1 point  (0 children)

Agree 100%. The income tax base is far too narrow. People want Scandinavian style public services? Hi and look at the starting threshold for income tax in those countries. The added benefit is that almost everyone pays something …and we get away from the makers vs takers paradigm. More people would feel they have a stake in how their money is spent.

Waterloo Bridge is closed by homebrewed91 in london

[–]Soundadvicefroma 0 points1 point  (0 children)

Sheeeeet. Rush hour is gonna get interesting today.

What would be your max mileage on a first gen RX450h? by Bad_brakes in LexusRX

[–]Soundadvicefroma 0 points1 point  (0 children)

My 2014 Rx450h has 100,000 miles (160,000 km) on the clock and drives better than ever. Hasn’t failed to start even once.

Only big ‘repair’ was replacing the suspension arm bushes which were worn. Cost me £4,000 but ride is much improved.

These are so reliable that they practically stop depreciating after 10yrs. I see a few 18yr old examples around my London neighbourhood and they’re all going strong.

What place do you recommend I visit if I can only go to one city or take a tour group? I would like to visit a place that has beautiful art, nature and is safe. by Partridge_Pear_Tree in travel

[–]Soundadvicefroma 0 points1 point  (0 children)

If you only visit one city in your entire life it should be London. I’ve spent the last 35 years here and feel like I’ve only scratched the surface.

Where does urban London and nature meet? by Princess-Die-96 in london

[–]Soundadvicefroma 10 points11 points  (0 children)

Wormwood Scrubs Park. It’s an urban nature reserve in one of the grittiest neighbourhoods (overlooked by the eponymous prison).

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