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[personal profile] nmg

I live in Southampton. I am a postdoc researcher in academia. I earn somewhere in the region of £25K. I do not own a house. The thought of buying a house at today's inflated prices fills me with terror, quite frankly.

As a consequence, the ramblings of idiots like this are apt to provoke apoplexy in me. How on earth can he be earning £45K, live in shared accommodation, and yet have only £5K in savings? There's plenty there for mortgage payments and a pension - what on earth does he spend the money on? How can he have failed to put together a deposit on a salary like that?

Date: 2004-03-18 05:32 am (UTC)
ext_8103: (Default)
From: [identity profile] ewx.livejournal.com

I'm only marginally older than that guy; the combination of my salary and LNR's comes to somewhere not so far from his; and yet I have savings left over from not only paying the deposit on a house but also spending the immediately following year unexpectedly unemployed. (And we're paying into pension plans, too.) I really don't have any sympathy for him - the thing that makes it difficult for him to buy a house is not stamp duty but his own failure to save up.

If he was supporting someone through university, or something like that, then my opinion would be quite different, but he doesn't mention any such thing.

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Nick Gibbins

September 2012

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