FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
May 14th 2008, 6:02 am
#31
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
Buzzy
May 14th 2008, 6:06 am
#32
Ex BE ***** Addict
Joined: Jul 2005
Posts: 3,770
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.
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.
May 14th 2008, 6:07 am
#33
Joined: Aug 2007
Posts: 8,067
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.
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!
May 14th 2008, 6:13 am
#35
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
May 14th 2008, 6:16 am
#36
Ex BE ***** Addict
Joined: Jul 2005
Posts: 3,770
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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!
You cant rent out the house if you need the money from the sale to bloody get out there!
May 14th 2008, 6:18 am
#37
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
That's life though you have no control over global economics so why get all upset about it. Just get on with life if you can't adapt to these changes then you are sure to have problems adapting to a new country. And by the way I have most of my assets in the UK ~£400K so I am well aware that on paper it looks like a big loss but I just don't care my lifestyle is much better over here than it was in the UK. Just get a job and start again that's what I have been doing for the last 2.5 years.
May 14th 2008, 6:24 am
#38
Forum Regular
Joined: Apr 2006
Location: Mornington, Vic
Posts: 51
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.
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.
May 14th 2008, 6:45 am
#39
Happy migrant
Joined: Oct 2006
Location: Newcastle , NSW
Posts: 6,756
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.
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.
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
May 14th 2008, 6:58 am
#40
Forum Regular
Joined: Mar 2008
Posts: 299
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.
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.
May 14th 2008, 7:03 am
#41
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
May 14th 2008, 7:15 am
#42
Forum Regular
Joined: Jan 2008
Location: Teesside
Posts: 76
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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
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.
Hope Aus is all you expect it be to as you've built quite high expectations
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.
May 14th 2008, 7:18 am
#43
Mrs Angry!
Joined: Aug 2007
Location: Manchester
Posts: 405
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....
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....
May 14th 2008, 7:25 am
#44
Australia's Doorman
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.
May 14th 2008, 7:38 am
#45
'In limboland'
Joined: Sep 2006
Posts: 13,880
Re: FINANCIALLY THE WORST TIME TO IMMIGRATE EVER
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.