Unemployed For Real This Time

[Provost Harrison]

See there you go Che...when that 'Novartis business' happened I thought it was the end of the world and everything had gone wrong. Fact of the matter is that I was only unemployed for less than two weeks, they had to pay me almost £2000 to settle the contract (even though I was there for less than 8 weeks) and in the long run (and we're not talking that long, less than half a year afterwards) I am in a damn sight better job than that one where I would have had to deal with all the infighting and backstabbing. They advertently did me a favour and I feel like writing them a letter to tell them so, rubbing their nose in the proverbial sh*t, if you will

[Gibsie]

Hmm, how soon then can I start sponging off the government then?! I wonder if I can get it for the two weeks I'll be in Germany from Sunday

[Provost Harrison]

I doubt that as your first signing on date would fall within those two weeks...unless of course you have an identical twin kicking around somewhere who could sort it out for you

[Provost Harrison]

...they will expect you to prove that you are looking for work, but as you will probably be looking for a decent job anyway it won't be a problem. Take advantage of some of the perks at your disposal too! (you can claim travelling, get access to materials to assist your jobsearch, etc).

[Provost Harrison]

Hehe, I've just noticed Theben's avatar is my dog, inverted, with horns...

[Gibsie]

Thanks for the help. Who knows, maybe I'll get a job soon!

[Provost Harrison]

Stranger things have happened What are you looking at doing?

[Solly]

I'm looking at earning £18k a year in a job I enjoy..

[Provost Harrison]

Good luck, you're gonna need it

[Provost Harrison]

£18k isn't a lot nowadays mind you, living is a very expensive business nowadays...

[Solly]

"living is a very expensive business nowadays..."

I'm expecting a house price collapse to help me out there.

[MrFun]

After reading only the first page . . . . .


I hope your situation improves soon, Che.

[Provost Harrison]

Originally posted by Park Avenue
"living is a very expensive business nowadays..."

I'm expecting a house price collapse to help me out there.

I'm poising myself...I am trying to save a lot of money now, doing a spot of overtime (I get double time for Sundays) and with a good slide within the next few years I will be able to get somewhere. I earn enough money to secure a mortgage on somewhere modest, even in this area, but it would be nice to be able to afford something more.

[Dinner]

Being unemployed sucks Che. I've been there too but there is always hope if you keep looking. Hang in there buddy.

[Solly]

" I'm poising myself...I am trying to save a lot of money now, doing a spot of overtime (I get double time for Sundays) and with a good slide within the next few years I will be able to get somewhere. I earn enough money to secure a mortgage on somewhere modest, even in this area, but it would be nice to be able to afford something more."

Yes, well while interest rates are never going to rise that quickly to cause a bust, consider that inflation is so low that a stagnant period in house price inflation of say three years will only devalue houses around 7% in real terms. A couple of decades ago a stagnation in house prices for three years will have meant around a 30 - 50% real reduction in their value.

For this reason I expect a nominal house price fall of around 20% in some areas to 40% in others within 12 months.