Labor costs only make up a fraction of a companies costs, thus prices, so ultimately while inflation results in a pay rises, pay rises do not cause inflation.
Are earnings too low / living costs getting too high??
- Thread starter Buffman
- Start date
Labor costs only make up a fraction of a companies costs, thus prices, so ultimately while inflation results in a pay rises, pay rises do not cause inflation.
Soldato
That's a sweeping generalisation. Labour costs are different proportions in different industries and businesses. For many that involve large amounts of manual work it is still their largest cost.
Wut? Never in my life have I experienced such a boom in investments as over the last 9-10 months! My generation (b1985) have never had it so good from an investment POV. If you are not making anything from your other investments then I've no idea what you've been doing as almost universally everything is making a killing at the moment.Interest rates are hurting me more than anything else at the momentsavings and other investments are making a fraction of what they used to.
You would be surprised, for many companies it's the biggest outlay, and the biggest factor in winning contracts.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
I buy things on sale or smartly doesn't mean I'm tight. For instance how many tight people do you know that drive a 3 litre petrol sports car that does 15-20 mpg? Costs a lot more than your average car in road tax and insurance, etc.
I like to get more for my money than simply overspend on things I know I can get for cheaper.
For example If I can save £100 by importing from USA I will. If I'm looking to buy a TV I will wait til it goes EOL before buying it. Why spend £1400 on a tv when you can buy the exact same tv in a few months for £799?
How many tight people do you know have a collection of headphones worth £2K+?
Just because I spend less for the things I buy doesn't mean I'm tight. i just like a good bargain. My kitchen for instance has a pizza maker imported from italy, an airfryer, coffee machine plus many more. Whereas a tight person would drink instant coffee from poundland. I drink cru kafe capsules.
Don't confuse liking a bargain with being tight. yes I pay £12 a month for sky Q silver package. Just because you pay £100 a month doesn't mean I'm tight, I just bought smartly.
Soldato
Associate
Just to throw this out there.
I'm in my mid 30s, and earn a decent salary. £30k+.
I have a daughter who lives with her mother but I pay regular maintenance for and see regularly.
I currently rent a room in a mates flat, and am saving for a deposit for a place of my own. Ideally I'd be looking for a 2 bed house with a garden.
How feasible is it to buy when not doing so as a part of a couple?
I'm also want to be resilient/aware for any interest rate increases that may come, and what effect that may have.
I'm in my mid 30s, and earn a decent salary. £30k+.
I have a daughter who lives with her mother but I pay regular maintenance for and see regularly.
I currently rent a room in a mates flat, and am saving for a deposit for a place of my own. Ideally I'd be looking for a 2 bed house with a garden.
How feasible is it to buy when not doing so as a part of a couple?
I'm also want to be resilient/aware for any interest rate increases that may come, and what effect that may have.
I agree, I tend to do the same! (buy nice stuff cheap/EOL)
offtopic, is the pizza maker good? I bought a house to renovate with a broken oven, I've used a halogen oven for cooking pizza but its not as good/quick as a normal oven. Thats like the only thing I tend to use an oven for
Sharlaw,
It will just be the same process and based on your income/ outgoings (I imagine child support is the only extra outgoing). AFAIK the max mortgage you can get is around 4.5 times your income as a rule of thumb.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
I agree, I tend to do the same! (buy nice stuff cheap/EOL)
offtopic, is the pizza maker good? I bought a house to renovate with a broken oven, I've used a halogen oven for cooking pizza but its not as good/quick as a normal oven. Thats like the only thing I tend to use an oven for
Sharlaw,
It will just be the same process and based on your income/ outgoings (I imagine child support is the only extra outgoing). AFAIK the max mortgage you can get is around 4.5 times your income as a rule of thumb.
It's good but it's taken a lot of getting used to. I've burnt a lot of bases but the top of the pizza has been fine. I've actually started using it to make chapatis sort of tandoori style. I'm going to try naan next and see if it comes out close to authentic as possible.
A lot of people have modded theirs and apparently there is now a new more powerful model available which has been tweaked with various improvements. I looked into the mods but I'm not that good when it comes to that kind of thing. cutting holes into the chassis and adding a second element for the top, etc. I wish someone else done this and then sold them on their is a market for it.
I believe the new model has a pizza stone at the top and a pizza stone at the bottom but I could be mistaken on this it was a while ago i looked at the new model. Mine only has pizza stone at the bottom of the pizza maker.
You really need to dust the base of the pizza well to prevent burning, sticking isn't an issue though. the first pizza always comes out perfect. it's the following pizzas that have issues. the bottom is too hot compared to the top. which is why people mod the top with a second element to get more heat. they also mod in deflectors, etc to retain heat or focus it where it needs to go.
If your handy at modding then you could get it from a 7/10 product to a 9/10 product. I don't know how the new model fairs as I don't have one but I have considered buying it. Since I imported mine it has a euro plug and I use an adapter. the plug is sealed so it's not easy to change without taking a knife to it which would ruin the finish and shorten the length and it's quite short as it is.
it also smokes a lot. I tend to stick it under the extractor now as it kept setting the smoke alarm off.
the first pizza that comes out is amazing though. a 9/10 pizza. it's the following ones which tend to have burnt bases but I found out dusting excessively solved this issue.
you also need to leave it open and let the top element turn on before sticking the second pizza in.
What model & how much? Sounds good.
Is it better than a standard oven for pizza?
Is it better than a standard oven for pizza?
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
it's much better than a standard oven. it's the closest thing you can get IMO without going old skool and build a wood burning clay oven or similar type thing. i believe their is small metal thing you can buy from america which you use in your garden (fire risk in the house) like a BBQ. but living in scotland that just isn't feasible for making pizza regularly. would mean pizza 3 times a year only lol.
https://www.amazon.it/G3-Ferrari-Ex...?s=kitchen&ie=UTF8&qid=1489576056&sr=1-1&th=1
the 150 euro model is the new model. the 70 euro model is the old model. when I bought it was around 100 euro's RRP and around £120 in the UK iirc so it's a bargain at 70 euros. i actually bought it in a sale though and I think i paid around 60 euros. obviously with the new model it's now down at that price regularly.
https://it.camelcamelcamel.com/G3-Ferrari-Express-G10006-Fornetto/product/B002VA4CDI
old model price fluctuation above, the new model has only went on sale once and only a difference of 20 euros.
check this out. that is why i'm going to try naan next. i just need to get the right flour for naans. then it's the closest thing you can get for proper authentic home made naans without like i say having a proper fired clay oven.
https://www.youtube.com/watch?v=LcShObRHY0I
also this website is great for the mods
https://www.pizzamaking.com/forum/index.php?topic=19732.0
this picture shows you a fully modded version. it even has a rotating stone for properly even heat distibution.
https://www.pizzamaking.com/forum/index.php?action=dlattach;topic=19732.0;attach=57339;image
that there is what will make a perfect pizza every time. i wish i could buy a modded one. i'd happily pay £150-£200 for a modded one. i'm going to stick with what i have then possibly in a few years upgrade and buy the new one and give this one away or give it to a relative i know likes to tinker (but their finish is awful) and see what they can do.
Last edited:
If people have more money then demand for products will raise thus prices will go up. Or companies will just up their prices because people will be able to afford it, so why not? I know one thing, businesses will make more money if it's possible.
:notsureifserious:
Almost universally everything is massively up over the last year....you said that investments are making a fraction of what they used to, which is crazy. The only thing doing terribly is cash in the bank
:notsureifserious:
Almost universally everything is massively up over the last year....you said that investments are making a fraction of what they used to, which is crazy. The only thing doing terribly is cash in the bank
That isn't hard 2015-2016 wasn't great - since 2013/2014 ish haven't been good for me, also have quite a bit in ISAs, etc. which I was including in my overall appraisal - lately overall income from those considerably down on what I've been used to. (Not everything I was including as investments are in stocks and shares).
In Maidenhead, because of your proximity to London I would rate your chances as pretty poor unless you have a very big deposit.
I've back-read the last 6 or 7 pages or so, even the halogen oven posts!!! instant-pot duo for me!!! On topic, I came to Brum 94 for my degree, worked the city, almost killed myself, quit, went into nursing. I started renting a small 2 bed + boxroom terrace, £400 a month. Did the place up, put new kitchen / bathroom, laminate flooring etc, landlord was really good paid for the materials and my time, never put the rent up in 11 years.. First Daughter comes along Mar 08, start looking at property, hospital I work at is moving only 15 mins extra walk but to a much higher priced area. Start looking on rightmove at other towns, already knew simply couldn't afford the area to stay working where I was. Unbelievably, I'm going to look at a property we can just about afford, like proper beans on toast for 5 years, 5 mins from the new hospital, I see a guy in a corner house whacking a for sale sign in the front garden.. I don't believe in fate, but what are the chances? Happens to be the largest plot, also potential to build almost another house on the side. Big problem, we'd saved near £35k with our cheap rent, but the bank only would let us have an offset mortgage with paying 68k upfront. (The crash had just happened) Without my folks, I wouldn't be here typing. They stepped in and cashed in some of their investments and made up the difference. Now I have 2 kids, I'm already worrying about how they will get on the ladder, renting is dead cash, but it's ok if you aren't paying a huge amount, the place is decent, and you can save. Childcare is bonkers money, I could work full time for £40 / week and have someone else bring up my kids.. or I could stay at home bring up the kids and try and offset some of the costs. With children you want to give them the best food, I noticed add 'organic' to anything basically x3 the price. Using the plot we have I constructed raised beds, I bought a big greenhouse, in the summer all salad /tomatoes cucumbers and for 9 months of the year onions garlic etc all comes from the garden. I trade extras I have with a few folk on the street so I get chutneys and jams, home cooking etc. There are plenty of ways to save money, but getting on the ladder took the intervention of my folks, the last few years, wages have sat still, but prices, even of basic things have gone up, gas water electricity etc not to mention food. I notice this a lot more as I do the books for us as a family. I scour the internet for deals, I haven't had a new computer in 10 years!!! Currently my quidco is sat at 640 quid, so I'm hoping when I reach 1000, that's my present for the research! My dad thought he had it tough when he bought his first house, but by history it's getting tougher each year, the trick is to start doing things now, however small, it's amazing what a difference they make 10-15 years later. Sorry if it's a bit long
TLDR : My parents bailed me out 33k!
TLDR : My parents bailed me out 33k!
Associate
That's my problem. Even the max mortgage I could get isn't enough. I was initially planning for a £25k deposit. But will have to go much bigger. Or I'll have to move away from the area and my daughter, which is not ideal.
or look at a 1 or 2 bed flat, rather than a house.