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Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Hutch
(Post 6347708)
Before I emigrated there were several doom-and-gloomers on this forum who said, "Yea, just wait till you get here and then you'll change your tune." Well guess what, I'm still singing the same tune. Just because it sucks for you, doesn't mean it'll suck for everyone.
Buzzy |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Hutch
(Post 6347708)
That sort of advice has always puzzled me. Why shouldn't they? It's advice that's no better than those "What have you got to lose, go for it posts."
Before I emigrated there were several doom-and-gloomers on this forum who said, "Yea, just wait till you get here and then you'll change your tune." Well guess what, I'm still singing the same tune. Just because it sucks for you, doesn't mean it'll suck for everyone. Just because it's great for me, doesn't mean it'll be great for everybody. Ultimately, every single one of us took a ****ing big gamble - for some the gamble paid off, for others it didn't, but there's no way of knowing until you actually do it. :rolleyes: |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by arkon
(Post 6347720)
No you don't have to rough it just because you didn't sell everything lock stock and barrel. Use the rent from your house and any income from your business and rent here instead for a while. Find out if you truely fit here before burning all your bridges.
I sold everything, and for the life of me I don't know why I made such a stupid mistake. From memory I seem to recall thinking something daft like 'if I sell everything and start in Oz with a clean slate I will have to make it work' And things like 'Well there's no going back now' Regardless of all this probably ignored advice, with the odds of going back somewhere between 25% and 50% depending on who you ask, those odds are still not good. Would you stick your house and business on a single spin of a roulette wheel with it all on a 3 to 1 bet, I think not, so why do we expats do it with our lives in the UK? No harm in playing it safe, I wish I had and probably most other returnees too. You cant rent out the house if you need the money from the sale to bloody get out there! |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Hutch
(Post 6347712)
And why the hell shouldn't they?
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Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Buzzy--Bee
(Post 6347724)
You and me both.
Buzzy |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Sheff_Sparky
(Post 6347732)
Guess what? Not all us have a house and business for that to be an option. Those that do should be bloody grateful - and Yes some of us are going to have to rough it because we are selling everything as that is all we have.
You cant rent out the house if you need the money from the sale to bloody get out there! |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by markallwood
(Post 6347704)
Come on.... if you had been planning a move over here for 3 or 4 years, and then suddenly it looks like a less attractive prospect, I'm sure you'd be a bit annoyed too.
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Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by And Van Isla
(Post 6345126)
HAS THERE EVER BEEN A WORSE TIME TO IMMIGRATE TO AUSTRALIA FINANCIALLY?
SINCE DECEMBER 2007 25% HAS BEEN LOST IN THE CURRENCY CONVERSION (FROM 2.5 TO 2). ADD TO THIS THE 5 TO 10% WE MAY LOSE ON HOUSE VALUES IN THE UK (ACCORDING TO BEST CASE SCENARIO GOVERNMENT PREDICTIONS LEAKED TODAY). THEREFORE THE AVERAGE UK HOME OWNER SELLING UP AND MOVING TO AUS TODAY WILL BE TAKING OUT AS MUCH AS 30% LESS THEN IF THEY LEFT JUST 5 MONTHS AGO. ALSO, FOR THOSE LEAVING FOR OZ IN DEC 08, IF THE POUND LOSES ITS VALUE AGAINST THE AUSSIE AT THE SAME RATE AS THE LAST 5 MONTHS (AND THERE IS NO REASON WHY NOT) IT COULD EASILY BE A 60% LOSS IN MONEY THEN 12 MONTHS EARLIER. MY WIFE AND I HAVE OUR HOUSE ON THE MARKET AND WANT TO SELL SO WE CAN LEAVE IN DECEMBER AS WE HAVE JUST BEEN GRANTED OUR VISAS. I AM ABSOLUTELY SICKENED TO SEE THE CURRENT ECONOMIC SITUATION FOR THE LIKES OF US AND IT WILL HURT US AND OUR PLANS BIG TIME. |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Hutch
(Post 6347708)
That sort of advice has always puzzled me. Why shouldn't they? It's advice that's no better than those "What have you got to lose, go for it posts."
Before I emigrated there were several doom-and-gloomers on this forum who said, "Yea, just wait till you get here and then you'll change your tune." Well guess what, I'm still singing the same tune. Just because it sucks for you, doesn't mean it'll suck for everyone. Just because it's great for me, doesn't mean it'll be great for everybody. Ultimately, every single one of us took a ****ing big gamble - for some the gamble paid off, for others it didn't, but there's no way of knowing until you actually do it. :rolleyes: it's good to hear other people's stories but none of us really know whether it will be right for us. I have friends who landed in Perth 3 years ago and have never looked back. They rented out their house in the U.K and are now trying to sell it. Equally I have read lot of stories about people who haven't settled. Which will we be? Who knows :unsure: |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
[QUOTE=And Van Isla;6345126]HAS THERE EVER BEEN A WORSE TIME TO IMMIGRATE TO AUSTRALIA FINANCIALLY?
SINCE DECEMBER 2007 25% HAS BEEN LOST IN THE CURRENCY CONVERSION (FROM 2.5 TO 2). ADD TO THIS THE 5 TO 10% WE MAY LOSE ON HOUSE VALUES IN THE UK (ACCORDING TO BEST CASE SCENARIO GOVERNMENT PREDICTIONS LEAKED TODAY). THEREFORE THE AVERAGE UK HOME OWNER SELLING UP AND MOVING TO AUS TODAY WILL BE TAKING OUT AS MUCH AS 30% LESS THEN IF THEY LEFT JUST 5 MONTHS AGO. ALSO, FOR THOSE LEAVING FOR OZ IN DEC 08, IF THE POUND LOSES ITS VALUE AGAINST THE AUSSIE AT THE SAME RATE AS THE LAST 5 MONTHS (AND THERE IS NO REASON WHY NOT) IT COULD EASILY BE A 60% LOSS IN MONEY THEN 12 MONTHS EARLIER. Hi, I know where you are coming from we are heading over in Nov. I don't know if this will make you feel better, but the property market over there is heading the same way. And this said by a Ray White estate agent on a moment of unusual sincerity over the phone. Also but I'm not sure how true this is acording to Hifx they are expecting a improvement in sterling before the end of the year. hope it makes you feel better, try not to get stresses, lol. Karma sent. |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by waldo99
(Post 6347824)
1
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Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by Australia_bound?
(Post 6346744)
Come off it Ann doesn't rain 24/7. Personally best thing I ever did leaving Teesside but only needed to move 30 miles down A19 to find a better life.
Hope Aus is all you expect it be to as you've built quite high expectations :blink: To OP, don't have a house to sell, not sure why everyone on here moans on about not being able to sell homes that are vastly over priced so won't be able to take tens of thousands of pounds to Aus with them. We're saving up the hard way and will manage with what we have as we've got no other choice. Exchange rate well still 2 to 1 so not an issue will have enough to cover us for 6 months. |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
For goodness sake, for those who think that life in Oz is going to be too much like hard work, then DONT do it.
For those who want to try and improve their quality of life....GO FOR IT and good luck to you all. There is enough doom and gloom at the moment and what people want to hear to positive stories to give them a lift....:thumbsup: |
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by arkon
(Post 6347731)
Yes but try to imagine the other scenario, you were lucky, what if you had given up everything back home, got here and found it didn't suit. Surely you can understand the flip side to the argument. Just because you didn't step in dog doo's doesn't follow that we should all not look where we are walking.
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Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Originally Posted by ann
(Post 6345469)
YES I AGREE
BUT.......We are all in the same situation, just think of the main reasons you want to go in the first place. would you like to be skint in the UK where it rains 24/7, 365 or be skint in the sun & cooling off in the sea. keep you chin up x:thumbsup:
Originally Posted by arkon
(Post 6347588)
A word of advice from a burnt ex-pat. Dont sell your house and business. You have been warned. Rent the house out, and find some way of just having a sabatical from your work.
To OP, when we came here inflation was high, interest rates were 15% and the exchange rate was $1.96 to the £, so yes, there has been a worse time to migrate. |
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