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Ok, on a lighter note from my past posts, I'd like to get a consensus on an interesting opportunity that has been on the back burner.
I have the chance to work in the UK, my job is in demand there. I think it would be a great opportunity for me, I have never been to the UK and I love to travel. This would be for at least a year. Financially, it will be a bit of a challenge that while I will be making decent money based on their local wages, I will have more expenses (rent, higher taxes, etc) to consider and maybe not as much "disposable" income to travel around Europe or whatever. Ok, the other thing is I also want to buy a house. I am currently working of paying off debts so I can buy a home with little to no debt.
The issue I'm having is, 1) should I just go to the UK, have a wonderful experience or 2) buy a home first? I'm afraid I may miss tax benefits or rate decreases, etc. and when I get back, the housing market will be back to "normal" with no deals or breaks to be had??
Any thoughts?
p.s.- I considered buying a home and renting it out while I was gone, but if disaster strikes, it will be so hard to solve anything while overseas.
WW
So many responses and noone's expressing concerns? LOL
This is the "best" time to move into the UK. Have you been following the Brit press lately?
Britain (London) is generally considered the financial heart of Europe. They were pretty pumped up in the nineties with the investment banking/insurance boom.
Right now, Britian is in a deeper recession than the US. The NHS is on the verge of collapse. Lloyds is closing several branches, that's the word. And billions of pounds in unpaid taxes.
I won't budge if my employer is not paying/re-imbursing everything, lady.
It's also "hyper-expensive" unless otherwise you are okay with living with the East-enders
So many responses and noone's expressing concerns? LOL
This is the "best" time to move into the UK. Have you been following the Brit press lately?
Britain (London) is generally considered the financial heart of Europe. They were pretty pumped up in the nineties with the investment banking/insurance boom.
Right now, Britian is in a deeper recession than the US. The NHS is on the verge of collapse. Lloyds is closing several branches, that's the word. And billions of pounds in unpaid taxes.
I won't budge if my employer is not paying/re-imbursing everything, lady.
It's also "hyper-expensive" unless otherwise you are okay with living with the East-enders
Sorry mrstewart, hate to be the killjoy, but I'm a pragmatist. I sure love the Brit countryside, the whisk-ferrying across the channel into millions of Euro castles and the like.
But, money, money, money, money, money. The world economy is at its best shape for a trans-atlantic move.
Waiting for the storm to pass and then setting sail is always safe, depending on whether you are rafting or own a 100-sail frigate
So many responses and noone's expressing concerns? LOL
This is the "best" time to move into the UK. Have you been following the Brit press lately?
Britain (London) is generally considered the financial heart of Europe. They were pretty pumped up in the nineties with the investment banking/insurance boom.
Right now, Britian is in a deeper recession than the US. The NHS is on the verge of collapse. Lloyds is closing several branches, that's the word. And billions of pounds in unpaid taxes.
I won't budge if my employer is not paying/re-imbursing everything, lady.
It's also "hyper-expensive" unless otherwise you are okay with living with the East-enders
Well, all that it is. And over there the cameras even yell at people... However, having the opportunity to experience a different lifestyle and culture is once-in-a-lifetime chance for many people. Also, as small as Europe is and as good deals as there are on local carriers, she can go all over the continent during this year.
Their security camera's yell at people?? I thought having a PA system on my car would be fun "Get the hell out of my way", that sort of thing...never thought about a camera talking!
Well, all that it is. And over there the cameras even yell at people...However, having the opportunity to experience a different lifestyle and culture is once-in-a-lifetime chance for many people. Also, as small as Europe is and as good deals as there are on local carriers, she can go all over the continent during this year.
Their security camera's yell at people?? I thought having a PA system on my car would be fun "Get the hell out of my way", that sort of thing...never thought about a camera talking!
She's the final judge, anyway. Besides, none of us know the "exact" situation better than her.
But when people paint a rosy picture of Britain struggling in the worst recession in several decades, there is a problem
It's also on capital and backstage support. There should be an exit strategy for the worst case scenario.
And I'm also sure everyone's aware of the number of paupers three years of recession have generated.
Caution!
I moved to America in a jiff and my father was always there to throw his immense wealth behind my back.
Sorry mrstewart, hate to be the killjoy, but I'm a pragmatist. I sure love the Brit countryside, the whisk-ferrying across the channel into millions of Euro castles and the like.
But, money, money, money, money, money. The world economy is at its best shape for a trans-atlantic move.
Waiting for the storm to pass and then setting sail is always safe, depending on whether you are rafting or own a 100-sail frigate
She says she can come back in 6 months. "Be bold and mighty forces will come to your aid." She really has nothing to lose; she's in her 30s and been offered a job. So she starves for 6 months. Kidding! I say go for it! Security can come later. I've seen so many lives wasted because of fear of finances. And the way the economy is in Britain, she's lucky she has the opportunity when so many have not.
Make hay while the sun shines; it won't shine forever.
She's the final judge, anyway. Besides, none of us know the "exact" situation better than her.
But when people paint a rosy picture of Britain struggling in the worst recession in several decades, there is a problem
Of course she's the final judge. There's nothing rosy pretty much anywhere and England is even ahead of the US in many highly irritating ways. It's only a year, though... pretty much like an extended vacation.
Quote:
I moved to America in a jiff and my father was always there to throw his immense wealth behind my back.
I'm in my 30's, and yes, the accents are utterly delicious!! I just don't want to get back a year later (if I come back ), and find that I have missed out on the current tax breaks and rate deals??
It always makes me laugh when people say stuff like this. On their deathbed they'll be like "wow I'm so glad I missed that year in England and took that $8000 tax credit instead!".
I think housing prices will stay low for a while. They might rise but it won't be anything like the boom from a few years ago.
Being in the market trying to get together a nice down payment myself, I don't think there is any hurry at the moment. Prices are perhaps going to go even lower and it will take years for the economy to recover to some normalcy. Interest rates will probably rise over time though.
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W
However, having the opportunity to experience a different lifestyle and culture is once-in-a-lifetime chance for many people. Also, as small as Europe is and as good deals as there are on local carriers, she can go all over the continent during this year.
