Have you got a pension?

[formant]

But no jobs in the sticks - and long term commute to the big city is expensive and soul destroying.
Fine for landlords, benefits claimants, and the retired though.

Long commutes - yes (been there - done that, though I have avoided the City) or working from home (my current arrangement). Not much work right in my town, but a lot within an hour in various directions.

[BrilloPad]

Newsflash - move further away from the capital (I'm still only an hour's train ride away)

bollux. how long fro home to the station? how long from london station to office?

I am 5 minutes walk each end and a 25 minute train ride still takes 45 minutes on a good day. And I can cycle it in an hour.

Those who live an hour away - I qiz them and its usually more like 2 hours total. They come into paddington which is miles from canary wharf. And its 15 minutes drive to the station.

[formant]

bollux. how long fro home to the station? how long from london station to office?

I am 5 minutes walk each end and a 25 minute train ride still takes 45 minutes on a good day. And I can cycle it in an hour.

Those who live an hour away - I qiz them and its usually more like 2 hours total. They come into paddington which is miles from canary wharf. And its 15 minutes drive to the station.

Add 15mins, but I have never had to commute to London for work. Being close to London for me is more important for travel purposes. Have found more work towards Cambridge, Birmingham, Leicester. All cheaper and easier to get to. Anyway, I work from home these days.

[DimPrawn]

An ill-considered argument at best.

The under 35 age group have so little pay, so much debt, so few prospects, they will never have the money to keep the housing bubble inflated. Why on earth do you think housing transaction volumes have collapsed?

Immigrants are among the worst paid people in the country. Most of them are looking to return home.

The housing bubble was a direct result of lax lending policies which have now disappeared - completely.

QE has already proved a failure. Further QE seems to be well and truly off the table.

A few MPs property portfolios aren't going to keep the biggest bubble in history afloat.

Here's a few nice houses in Hale, Cheshire. This is an area of extreme wealth, so the least likely to be affected by a downturn in the economy. Notice a trend on the following graphs?:

Home.co.uk: Price Information for 8-Bed Detached House For Sale In Broad Lane, Hale, Cheshire, WA15 0DE
Home.co.uk: Price Information for 6-Bed Detached House For Sale In South Downs Road, Bowdon
Home.co.uk: Price Information for 6-Bed Detached House For Sale In Theobald Road, Bowdon, Altrincham WA14
Home.co.uk: Price Information for 7-Bed Detached House For Sale In Church Green, Warburton
Home.co.uk: Price Information for 6-Bed Detached House For Sale In Barry Rise, Bowdon
Home.co.uk: Price Information for 5-Bed Detached House For Sale In Barrow Lane, Hale
Home.co.uk: Price Information for 6-Bed Detached House For Sale In Oakmere, Park Drive, Hale WA15
Home.co.uk: Price Information for 6-Bed Detached House For Sale In Hale Road, Hale

EDIT: BTW, I've lived and worked in London for the last 25 years also, so am well aware of the London/SE market. Again, an even bigger bubble with even greater falls ahead of it. Nearly all the I.T. has gone to India, and thousands of Banking job losses are announced every week these days. All the young people coming to London are utterly broke, so forever rising rents are not an option to cover BTL portfolios taken out at today's prices with artificially low IRs. Where I live in North London, the rent on a property would never cover the BTL mortgage taken out on it today - you'd be effectively subsidising a renter for the next 25 years.

Interest rates are not expected to rise until 2017/18 at the earliest. Infact more QE is on the cards for Feb next year.

In this environment houses look like bargains. Fill yer boots!

[escapeUK]

[IMG]In this environment houses look like bargains. Fill yer boots!

If that was the case then banks wouldnt be insisting on large deposits to protect themselves from the inevitable falls.

[d000hg]

I will pass my 3 million pounds worth of property onto my kids, if I had stuck all that in a pension it would be gone.

They'll be so glad when they get the deeds and a massive tax bill.

You must be deaf by now from that loud whooshing that constantly goes on over your head.

Oh dear Sas, you can barely keep up when a discussion is directly with you; what makes you think you can follow a discussion between two people? The whooshing is definitely coming from your direction.

[Jeff Maginty]

..

[LatteLiberal]

They'll be so glad when they get the deeds and a massive tax bill.

I can sell it to them while still alive for a massive discount

[OwlHoot]

I can sell it to them while still alive for a massive discount

and lumber him with a massive gift tax - The tax people aren't _that_ stupid.

There are a few ideas here

[LatteLiberal]

and lumber him with a massive gift tax - The tax people aren't _that_ stupid.

There are a few ideas here

Thanks for the link, however it talks about IRS etc and dollar signs everywhere lead me to believe it might be US based advice.