Today is not tomorrow
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Wasn't intended to be aimed at you - I just see a lot of bitter people who can't stand to see others do well, even when that comes from the merit of their efforts and not trampling on anyone to achieve it, and it does my head in at times (and similar themes to that, even visited on their own kids).
Not sure I really see the comparison there to be honest.
If they see owning a house as completely out of reach, then to them using that money they would be saving for a mortgage on their nice shiny new car is equivalent to "their mortgage". As such they would be in the same predicament regardless. Spend £300pm on the car, or save £300pm towards a mortgage they would be in the same situation with their energy bill costs.
I'm not sure what your point is other than trying to make it look like you are very out of touch. People don't save towards what would appear to be nigh on impossible goals as a general thing.
Caporegime
Spending 400-500 a month on renting a flash car when you rent a house is just madness. In a 3 year lease you could have saved up 18K. That will get yourself on the housing market easily in most area's of the country where a 150-200K house will easily be a decent first time house.
Associate
What area of the country is "around here"? I've not seen this happening and instead seen all of it being pushed up, but the middle pushing up slower than the bottom of the market.
YOLO ?
But then many do forgo holidays and cars to do just that, save for a better future
I think my perspective is somewhat skewed by valuation vs what houses were actually shifting at - a lot of nice detached places were pushing 500K in 17/18 (as advertise) but looking at the numbers the volume selling (at that price) dropped out, now they are "down" to more like 350K and selling more. To put some perspective on it my old neighbour had an offer at 490K for their house in 2018 but wanted 500K so held out, realistically was more a 400K house then compared to what was on sale, ended up selling it for 240K in 2019 when they were desperate and current value is 271K.
Generally - these graphs for around where I work tend to confirm what you are saying:
Home.co.uk: House Prices Report for Yeovil - January 1995 to April 2024
House Prices Report for Yeovil - January 1995 to April 2024
EDIT: Better picture of the county here https://www.home.co.uk/guides/house_prices_report.htm?county=somerset&all=1
It is all somewhat relative to people's circumstances - if someone is spending £500+ on rent and £500+ on a car finance that could get them onto the property ladder with some compromises - but if someone has a mortgage already in similar circumstances forgoing the car doesn't necessarily mean they can get onto the next rung of the housing ladder. But then as you move downwards to where people are living in social housing or still with their parents forgoing stuff like a nice phone or finance on a nice (relative to their circumstances) car doesn't mean they can necessarily take the next step property wise.
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Soldato
So a 65% increase in October and then another rise in January and possibly every 3 months from then and there's nothing we can do about it..... Apparently.
Soldato
I'm fairly sure riots and mass non-payment will come around before January. We really are sleepwalking off a cliff right now
Soldato
Riots against whom and where, a few people have said this but who can be held accountable in this country?
I suspect it will be a more silent protest. People just wont/can't pay
But someone has to pay. Like theft in shops. Everyone who does pay will. Likely have to absorb the cost.
Put taxes up? Same effect. Heading for a disaster if prices don't stick below 2k a year long term
But someone has to pay. Like theft in shops. Everyone who does pay will. Likely have to absorb the cost.
Put taxes up? Same effect. Heading for a disaster if prices don't stick below 2k a year long term
Soldato
Upping my bill by 54% for the same supply and still demanding I send them the meter reading......
Interesting idea, a thermal heat storage core that charges up overnight during the cheap tariff period and provides hot water / heating throughout the day. Doesn't currently make sense financially but with the predicted gas price increases it could be a bit cheaper. Can't find the install cost but likely pretty expensive at the moment, plus with all the app based smart tech you'd be a bit screwed if the company went bust. They are releasing a combi boiler version next which doesn't need a storage tank so could be a very easy swap for most homes.
Just needs energy companies to keep providing cheap energy periods but with these, home batteries and EVs the demand at night will only be going up.
Permabanned
Who is in charge?
There's a few of them around, look at the fully charged home series. They also mentioned that it can work without internet, though not sure what features you'd lose access to, if any.
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,487
Not really sure where to put this, but if the Chinese economy implodes, that's going to have a massive knock on effect on other economies especially when it comes to our reliance on so many things from China
It's actually pretty scary, how everything seems to be going to hell
It's actually pretty scary, how everything seems to be going to hell
Intrigued how will eu impose this 15% gas reduction being tabled - california had rolling(1 hour windows) electricity cuts to ration electric.
govt june energy report curiously doesn't suggest uk people have economised 1Q22; , just warm weather reduction versus last year!
I think I posted before that shell trading arm makes just as much profit as selling the oil/gas they extract, so that's where a lot of profits made.
govt june energy report curiously doesn't suggest uk people have economised 1Q22; , just warm weather reduction versus last year!
still not sure we really know what that is ( for petrol too) if, it had been bought on the futures market in advance , even today! gas has dropped by 50% in a years time,
I think I posted before that shell trading arm makes just as much profit as selling the oil/gas they extract, so that's where a lot of profits made.
Soldato
The information on things like China imploding have been around for a while if you go searching. Now that globally its a mess, people have stopped being distracted by waffle and social media to notice there is real stuff to be concerned about!