Memories

[EternalOptimist]

mortgage, whats a mortgage


bleedin amateurs

[Ivor Bigun]

Steady Rates

IMO, They'll never go up much more than they are now.

The income was high 10 years ago because
-no IR35
-lax tax regimes in Europe
-high rates because there was an explosion of demand for "ERP" IT folk. Couple that with the the Y2K bug need for new software (!) and the dot com boom and it was a heady recipe of one band wagon after the other.

Bear in mind this was all before the "Bangalore" of the last few years and the upcoming "outsourcing / SOA" boom which is happening right now.
Yep, there will be another boom for sure but you'll have to be living in India to see it (on £100 a day).

We are all "raw product" now - costed to for the lowest bidder.
Still a "good" life but not the quick bucks generator it once was.

[Diestl]

"I doubt if rates were as high as they are now"



One guy I know pulled £40K in one month at Volvo (Sweden) during the mid 90s.
It was double time at Weekends and overtime. He did the offshore agent trick and was paid only enough to satisfy the local tax authority. After one year he worked that ALL his costs totalled 16% of his turnover. That was for everything, tax and living costs. He stayed out of the UK for 5 years (jumping from one country to the next) to escape the UK/European taxman and came back to the UK a very wealthy man ( or so I was told

Why have rates gone down so much , will they ever get up to that again?

[Ivor Bigun]

"I doubt if rates were as high as they are now"



One guy I know pulled £40K in one month at Volvo (Sweden) during the mid 90s.
It was double time at Weekends and overtime. He did the offshore agent trick and was paid only enough to satisfy the local tax authority. After one year he worked that ALL his costs totalled 16% of his turnover. That was for everything, tax and living costs. He stayed out of the UK for 5 years (jumping from one country to the next) to escape the UK/European taxman and came back to the UK a very wealthy man ( or so I was told

[Kyajae]

When I wert' lad, I remember House prices, Farmer Trolls, Lizard men and ATW's magic software. Blimey that seems a long time ago - At least there's the wise words of Xog.
And whats this? MFan a permie? Argggh!

Buying my house early was piss! It's the ******* council tax I have to cope with. If the rumours are true, I might get wacked even more for having a house with a view especially as we have a right pair of go'oers over the street; his missus has tits the size of Uttoxeter, and she likes to flaunt them in front of an open window. I know this because my binoculars are high quality!

[Diestl]

Heh he - you missed it - numpty boy.
When you were being potty trained, contractors at the time were pulling in mega fortunes (Pre IR35). Unfortunately, now its only reasonable money.
Paid the mortgage off in 3 years at the time. You can't do that now....

Yeah but houses were 10 times cheaper then, I doubt rates were as high as they are now.

[Ivor Bigun]

Good for K!
I guess ATW still hasn't got a house. You know what? He used to bang on and on about the impending collapse of House prices.
I guess every dog has its day, he may be right - only after they've trippled in price since he started saying it!

[Kyajae]

When I wert' lad, I remember House prices, Farmer Trolls, Lizard men and ATW's magic software. Blimey that seems a long time ago - At least there's the wise words of Xog.
And whats this? MFan a permie? Argggh!

I paid a my 25 year mortgage off in 16 years. Laugh? I nearly bought a round.

[Ivor Bigun]

It was lot better then

Heh he - you missed it - numpty boy.
When you were being potty trained, contractors at the time were pulling in mega fortunes (Pre IR35). Unfortunately, now its only reasonable money.
Paid the mortgage off in 3 years at the time. You can't do that now....

[Kyajae]

When I wert' lad, I remember House prices, Farmer Trolls, Lizard men and ATW's magic software. Blimey that seems a long time ago - At least there's the wise words of Xog.
And whats this? MFan a permie? Argggh!

What the **** you on about? Are you pissed?

[Ivor Bigun]

When I wert' lad, I remember House prices, Farmer Trolls, Lizard men and ATW's magic software. Blimey that seems a long time ago - At least there's the wise words of Xog.
And whats this? MFan a permie? Argggh!