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I'm contemplating this right now. I work in London because the extra money over working elsewhere in the UK more than pays the rent and I know people here now.
by codingmyway 10y ago
I'm contemplating this right now. I work in London because the extra money over working elsewhere in the UK more than pays the rent and I know people here now. I if lived further out and commuted then the cost of transport would almost wipe out the rental saving and I'd have two hours+ commute everyday instead of a healthier cycle through the park.
I could get a remote job for half the money and that would be worth it for a change of scenery living somewhere cheap despite the tanking pound. Personally I think I'd be more productive living in Asia working London hours, so 3 in the afternoon until 11pm, as this suits me more especially somewhere where there is little to do in the evening. It just suits my body clock.
I know this because I did it for a while despite the financial crisis ruining it at exactly the wrong time, happening two weeks after I left the country for two years. Now I need a financial crisis to stand a chance of buying a house I figure going back to that life is my better option for now.
- verbify 10y agoIf there's a financial crisis: * You're more likely to lose your job or find it difficult to switch jobs, which will impact your earnings * Banks are less likely to give easy lines of credit, making it difficult to get a mortgage Timing the housing market is as difficult as timing any market - time in the market beats timing the market.
- codingmyway 10y agoMaybe. 2008 to 2012 were actually the best years for me, both for life and jobs. I even managed to get a contract straight back from my travels in 2010 at a rate that I haven't beaten since. The economy didn't totally shut down. My issue was getting a mortgage but if I hadn't had a gap I could have got one even then as I had a good deposit. It's the aftermath of QE and years of zero rates that I wasn't prepared for so it turned out to be a very expensive break.