41–50 of 94 posts
god...you know how hard is to make 250k in London?? this article is stupid. to give you an idea a well paid devops job that woudl pay about 130 in the US , pays about 80K GBP here in the UK. 250K is for bankers or something man this article is bollooooooox
god...you know how hard is to make 250k in London?? this article is stupid. to give you an idea a well paid devops job that woudl pay about 130 in the US , pays about 80K GBP here in the UK. 250K is for bankers or something man this article is bollooooooox
If you're married and have your SO as a shareholder, thus splitting the tax load you can almost match a £200k salary on a day rate of ~£700 (I have seen a few devops type roles getting up towards that figure).
So, I agree that £250k salary is very top end, but there are certainly contracts in the finance industry that pay enough to get you close if you change the way you're paid.
I should also chime in and say that even for people living in London and sending their children to private schools these estimates are very high. I was luck enough to go to Eton and honestly, for most parents it was a question of affording the fees by: a) not spending that kind of money on other activities; b) lifelong saving; c) selling substantial assets (like second houses etc...); and d) inherited wealth and/or g…
Is that double-counting babysitting and sending the kids to boarding school? It's certainly a tradition of the English aristocracy to spend as little time with your children as possible.
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Oh, I fully agree with that - in fact, in certain other European countries it is more like 0.10%, but that's not the point. The point is - I don't understand all the whining going on here. If I make £500K a year, and I gave it up for £20K a year, would that really make any of you better off? REALLY?
Given that London house prices are a function of supply and demand, if everyone on £500k did that then I personally would be a lot better off.
After that, enough younger people will be renting for the balance to flip and the price correction to occur.
So, everyone here is bothered that people like to eat well and take family vacations (is this really your definition of "luxury" lifestyle? You guys sound like coal mine workers.) But you're all perfectly fine with the government taking close to half of that income in taxes. Were you all raised in a communist regime?
This tends to amuse me, but it does seem to make some people angry. Few of them seem to be in this thread, though. Certainly not enough to count as "everyone here".
Tldr: no, but if we redefine "live in London" as "live in Zone 1, take family of four skiing in France four times a year, send kids to private school from age 3, always eat at Michelin starred restaurants, own multiples of everything Apple ever releases, any other stupid consumerism you can think of" then yes.
I just about to buy a house outside of London. I'm also about to send my 2 kids to private school as all the decent local state schools are full with waiting lists (thankfully a lot cheaper than the figures mentioned here). I had a look at one of the options for commuting into London. This is the quickest option from where I am (via HS1). I'm already up to the following monthly expenses: Mortgage: £3200 School Fees:…
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Scholarships still in evidence at all?
Absolutely! For a start 17 students each year are fully funded. Then there are 25 additional fully funded scholariship students are taken on at the beginning of the penultimate year (called 6th form year in the UK). Added to these are are lots of partial scholarships available, though the ways in which these are funded and obtained are a little more roundabout. The Music department in particular often gave prospectiv…
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How much is that person spending on rent in London?
Between £1k and £2k. You'll be a frequent customer of Wonga. Edit Proletariat: http://www.rightmove.co.uk/property-to-rent/property-5304414... Bourgeois: http://www.rightmove.co.uk/property-to-rent/property-5061904...
For a family with Kid, youar completely missing it: Preletariat 4k : http://www.zoopla.co.uk/to-rent/details/37300477?search_iden... Bourgois: 6.5k: http://www.zoopla.co.uk/to-rent/details/37341550?search_iden...
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How much is that person spending on rent in London?
Between £1k and £2k. You'll be a frequent customer of Wonga. Edit Proletariat: http://www.rightmove.co.uk/property-to-rent/property-5304414... Bourgeois: http://www.rightmove.co.uk/property-to-rent/property-5061904...