This is an excellent video comparing changes over time using ratios, rather than nominal figures. This guy know's what he's talking about. One key factor that not many people have addressed is affordability. House prices in real terms (after inflation) are the same today 2024 as they were in 2013. However, the problem is wages have not kept up with inflation, this means affordability is stretched not due to soaring house prices (as quoted by the main stream media because they always talk about house prices in nominal terms not real terms), the problem is real wages have not kept up, thus the affordability issues. We need wage growth in the UK.
@OddjobmanXyz5 күн бұрын
Bingo! You are correct. Back in 2008 when real estate had gone up way ahead of wages people lost there jobs and wages stagnated. However so did house prices... House prices never came down to align again with wages, foreign investors from China and the middle-east were buying up all the properties, especially in London. This kept house prices high and now they have been rising again, prices are more expensive than ever for tenants as well as landlords. The average house price should be 3-4 times the average salary. Not 7x average salary!
@spartanliam11579 күн бұрын
In the video you asked what we would do with a house that doesnt earn profit... ID F*CKIN LIVE IN IT. i have nothing against land lords but the way i and many renters see things is we are paying your mortgage and after 25-30 years or what ever the mortgage length is you will own that house that is fully payed off and your retirement plan can be ither sell it or continue to rent it. renters on the other hand after 25-30 years will have nothing. im sure most renters like me would prefer to pay £800 to a 25 year mortgage and own a house worth £150k than pay rent. I have nothing against landlords that own 1-2 extra houses to rent out thats fine but when landlords have 10+ houses and keep buying the cheaper houses to "flip" so they can rent them out for more money and are pricing people that want a house to own and live in thats when i have a problem with land lords there just isnt enough supply
@OddjobmanXyz8 күн бұрын
In my line of work I've gotten to know many local landlords. Almost all of them buy their properties below market value from flyers and internet marketing campaigns. Mostly only first time buyers and foreign investors buy from estate agents. We do have a lack of houses in this country, especially as the population is growing at an unnatural rate. But the main issue has been the number of foreign investors from China and the middle-east that buy up huge property portfolio's in trusts and limited companies. They don't live in this country, they never even see the houses, they just buy them as investments.
@Solihul8867 күн бұрын
People forget that a good amount of landlords were renters also. The logic also goes both ways, if landlords are buying cheap houses and paying with their own money and possibly labour to make the house nice, there's nothing to stop renters from doing the same if those properties are really as cheap as they say. Also supply and demand for buying and rentals go both ways. Less rentals means higher rents and higher chances for advanced rent offers in order to be competitive with lower stock. This automatically connects to lack of affordability for buying a home. You need a balance of both. But when we are supposed to build 300 thousand plus houses every year and only build half of that since 2000, you tend to get this problem
@rozza46719 күн бұрын
What about the extremely low birthrate or fertility rate in this country. Maybe monopolising housing for the old is sacrificing the countries future as young people cannot afford housing. UK fertility rate is 1.56 (2021), so without immigration you’d soon have a country full of old people and an economy that stagnates, then slowly crashes.. wait that’s familiar?
@OddjobmanXyz8 күн бұрын
yeah I know it is a sad fact of western ideology after WWII. Who would have thought that encouraging women to join the workforce and promoting the idea that they need to work and be 'equal' to men would contribute to a decrease in birth rates? Nowadays, many women are too preoccupied with their careers and financial responsibilities to focus on having children.
@sacredgeometry10 күн бұрын
No it's worse for landlords but even worse for renters. Wage stagnation means that whilst landlords are still making money. Renters however are screwed. In part because landlords have been buying up of all the houses and forcing people into renting. Couple the scarcity/ house prices forcing them into renting, wage stagnation and rents rising faster than inflation and you can see as a proportion of income renters have less and less money to save to jump on the property ladder. Its almost if its by design.
@noelkelly435410 күн бұрын
Viva Capitalism!
@OddjobmanXyz10 күн бұрын
In this video I added wages to the chart: kzbin.info/www/bejne/bXa2h6B-o992iJI The results are not quite what you might expect. The price to rent ratio is so high and rental yields so low for landlords because house prices are far too high for the average wage in the UK. The data suggests that the main problem especially in London and other big cities is foreign investors in China and the middle-east buying up UK properties as investment portfolio as in their currency the property is cheap and a good stable place to store their wealth. Local UK based landlords are not really the problem, most are just average joe investors looking to supplement their retirement, but a poor 10% gross yield ain't going to do it for all the hassle that comes along with renting out property. What we could do with would be banning non-residents from buying properties in the UK.
@sacredgeometry9 күн бұрын
@@OddjobmanXyzIts anyone that is treating houses as a business/ commodity when it removes the amount of properties on the market.
@mcr25710 күн бұрын
He's using current interest rates and ignoring landlord get the asset paid for by someone else.
@OddjobmanXyz10 күн бұрын
Anyone can get a BTL property and have "the asset paid for by someone else", BTL mortgages not based on the lenders finances but the properties earning potential. See more data on wages and more added in the next video along with the reason why we are in this bad situation: kzbin.info/www/bejne/bXa2h6B-o992iJI
@MbisonBalrog10 күн бұрын
I never heard a YTer claim rents in UK or USA are low. Low maybe if you a banker. Or maybe low compared to sale price. Which no one can afford either.
@sacredgeometry10 күн бұрын
Its rediculously out of touch.
@OddjobmanXyz10 күн бұрын
Prices are too high for everyone, renters, those looking for a home mortgage and those from for a BTL investment to supplement their retirement. See the further data in the next video and you'll see the problem is not the poor UK based landlords but foreign investors from China and the middle-east that are buying up the UK real estate not allowing prices to fall back down to come inline with UK wages. This problem is not helping anyone living, working or retiring here in the UK: kzbin.info/www/bejne/bXa2h6B-o992iJI
@sacredgeometry9 күн бұрын
@@OddjobmanXyz Renters arent faced with homelessness if they can't afford the rent in a market that is inflated by their behaviours. They are just trying to exist. The market is like this because of landlords specifically people that own more than one property.
@user-xu8mt3hw3b10 күн бұрын
It’s just a thought, but landlords have two ways to earn money from properties, yes rent being paid is one, but capital appreciation also needs to be considered, as house prices also go up.
@MbisonBalrog10 күн бұрын
Capital appreciation largely effect of fiat money.
@OddjobmanXyz10 күн бұрын
Honestly the UK based landlords would prefer the house prices to come down inline with UK wages. That would mean it would be easier to find tenants that can afford the rent and less likely to default, not to mention cheaper to buy more houses and enjoy a much higher Gross Annual Yield. In this next video I go into the data on why the prices never dropped in the 2008 crash, the problem is international investors from China and the middle-east buying up real estate portfolio's in the UK: kzbin.info/www/bejne/bXa2h6B-o992iJI All the rules the UK keep coming out with for landlords never apply to foreign investors, they aren't going to send the Police to China to go and arrest a rouge Chinese based landlord, and tax law changes also have no impact as they pay taxes in their own country!
@johnboucher822610 күн бұрын
Setup a services company and franchise it
@despoticmusic10 күн бұрын
The problem is obvious - fiat currency has inflation built in by design. The level of that inflation is a policy choice, and that choice is made by central banks/government. It didn’t have to be this way…
@totuudentorvi778110 күн бұрын
Problem for us, benefit to them. This, incidentally, is why Fiat currency was created to begin with. So that it could be made sure wealth remained in the hands of those who traditionally had it.
@OddjobmanXyz10 күн бұрын
Problem is that although the British pound used to be gold, we sold the vast majority of our Nations gold to America during WWII in exchange for bombs, tanks, planes etc. (bit like what they are doing with Ukraine) 😳 What little we had left after the war was sold off by Gordon Brown in 1999 when he was chancellor. Right now we have nothing of any value left to back a currency of our own, all we really have is Monopoly money and some wishful thinking 😅
@MrBwright7211 күн бұрын
I would love to see the same graphs for take home pay, and 'occupation' of property - i.e. how much has just been bought by overseas people and is held empty (anecdotally, the block of flats I live in in London is barely 50% occupied), or simply "Air BnB'd". In terms of solutions, well they need to be driven by this information - find out where the problem actually lies before making too many knee jerk reactions. But one thing I would consider is making it much simpler to convert commercial property into residential property - not be too afraid to tear up zoning restrictions in this regard, and bring people back into city centres.
@OddjobmanXyz10 күн бұрын
All superb questions and very much inline with what I shared in this "sort of" follow up video: kzbin.info/www/bejne/bXa2h6B-o992iJI Much of what you have mentioned I have talked about in this video as well as adding average wages to the chart 😬 I'll be honest it does paint a pretty grim picture for the UK. Not a problem that is going to sort itself out over time without massive reform...
@AppleOranges1219 күн бұрын
I work in London and I charge £90 each for flush and tilt mount so £180 for 2. If full motion, anywhere between £120 to £200 each depending on if the wall need to be reinforced.
@FiveMReadyMods27 күн бұрын
Thanks. ❤
@OddjobmanXyz10 күн бұрын
You're welcome 😊
@tomwills2309Ай бұрын
Just stumbled onto this video. We do property maintenance and wouldn’t entertain that job for anything less than £75. The time it takes to drive there, to do the job and what not. £50 is low. How any business is surviving charging that is beyond me. We charge £60 for the 1st hour and then £45 an hour thereafter.
@robertbethellАй бұрын
£180 per day I charge as a handyman in the South West.
@321tryagainАй бұрын
No detailed discussion of fees for anyone except the one you are trying to get referral money
@OddjobmanXyzАй бұрын
The fee's are all roughly the same 1-2 percent, except PayPal I think they charge 2.5%
@AbdulMomin-sn4wmАй бұрын
Hello. I saw your youtube channel. Your video is much less. And I see that your video is not SEO relatively optimized. Video views will not increase for this. And I have seen many problems with your channel that will solve your KZbin channel ranking.
@OddjobmanXyzАй бұрын
What on earth are you talking about?
@AbdulMomin-sn4wmАй бұрын
@@OddjobmanXyz Your video views are low. Video SEO for this will increase the video views of your channel and increase the subscribe of the channel
@OddjobmanXyzАй бұрын
Get yourself a FREE £50 when you sign up for a business account with Tide: www.tide.co/refer-a-friend/?referralName=Benjamin_albert_Gillott&referralCode=Y9WAEG
@SM24INTERNATIONALАй бұрын
Hi, You are making amazing videos! Loved your recent video on your KZbin channel! I am an exclusive viewer of your channel and try to, watch every video you make. What is your goal for your channel? Your videos are incredibly insightful and entertaining. Keep up the great work.
@ThriveTalesTVАй бұрын
PEPE on Solana in the next big think . check it out
@ThriveTalesTVАй бұрын
50 £ for 2 tv mounts is cheap . I would charge 100 £ for 2 in london
@craggascas2 ай бұрын
Under pricing yourself and being the cheap guy isn't the way forward. You'll always be known as the cheap guy rather than the guy that provides a quality assured finish. I would want to be paid for the skill set I offer rather than to be paid for being cheap. If the customer doesn't like the price, you will always find another job to do and they can find themselves another trader who is happy to be called the cheap guy lol
@craggascas2 ай бұрын
Totally think you are undercutting yourself at even £50. I'd be charging at least £35 to £40 each TV and bracket. No way would I be travelling that far for £11+ an hour.
@ChrisCleverhead2 ай бұрын
Hello and good afternoon. I hope that you are well. I reached out on KZbin asking about a side hustle. I would be super grateful for some help as I am really struggling with living costs in England Uk. Please don't lie though, as a lot of people have been wasting my time to add me on WhatsApp, and they tell me to deposit money. I am a genuine guy who is just struggling with living costs and would be very grateful for some help. Thank You
@user-dm5cz1sp1g2 ай бұрын
Maneki gonna make millionaires
@EdenAudio2 ай бұрын
I paid a fella £75 7 years ago to fit a coaxial cable from the TV to the wall socket😅 The next day he came back to fit the wall bracket and he charged me another 75.
@culizocolonense2 ай бұрын
I like your prediction i just hope they become TRUE!
@Blu3_Berri2 ай бұрын
Very Funny 🤣🤣🤣
@beliuk902 ай бұрын
I'm professional handyman in Birmingham, running my business for 3+ years. I was as cheap during my first year, when I still was employed as a maintenance manager in the hotel. It was a covid time, furloughs etc. Basically I had a very smooth transition, ideal i'd say. And yes, cheap rates in beginning, was touching the grounds, understanding what it is to run a business - customer service, taxes, insurances, advertising, web presence, van stocks etc. Now my minimum call out is £100, it includes up to 2 hours of labour. During these 3 years I have invested shit loads of money into my tools for bigger projects - mitre saws, table saws, compressors, compactor plates, nail guns etc; I always have in the van stuff like all kinds of screws, all sorts of fixings, nails, bolts, metal washers, plumbing washers, tap glands, isolators, sockets, switches, hinges, cables, drain rods, ladders, mixers. You name it. And I have absolutely clear idea where everything is, you wake me up 3am i'll find it in a minute, because every week max two I take all the shit out from the van and reset it - clean up, vacuum, blow, sharpen, put everything back in order. So that I can be EFFICIENT in these 2 hours. I consider myself as a professional handyman as I'm pretty much ready for any case scenario. Yes it may be steep. But let's be honest - what is 100 quid now ? to go restaurant with your missus? Weekly shopping ? Just about full tank for a van? Call out a handyman to hang a TV and couple of floating shelves ? hm. If you are running a small business as Handyman, then you are the one who is dealing with keeping up all your admin stuff up to date - insurances/MOTs/accounts/advert analytics/social media presence/work scheduling/van stock, you are the one who's taking the phone calls, processing the enquiries, making quotes, generating invoices and being stressed about what if there will be no job tomorrow. Hm, by the way man, there's no one to pay your holidays and sick pays. So your rates gotta include some part that you should save for time off unless you want to burn out in a year/two. Also, you are the one who is gonna be carrying out the actual work. And also don't forget about your family, you probably have a wife and kids and maybe parents, who would love to see you also. My business running costs are about 10k/year. Honestly, for all this hustle that is included by running your own business - I don't even want to think about having less than 50k/year. Why?! If with all these experience, knowledge and set of tools I can get myself a job in pretty much same field - ie kitchen fitter for 35k/year. Without any of this admin, customer service, and other hustle also you can complain about your working conditions if you feel you're being mistreated, if you are self employed and you are mistreated normally you just eat it. Work monday-friday, 8 to 4 f*ck off - clear head. working weekends or overtime - higher rate. bingo. When someone says he doesn't mind to exchange 2 hours of his life for 40 quids... lets even calculate you are a robot and everything goes smooth, no holidays, no time off due to sickness, just weekends to relax. 2 hrs, you can potentially do 4x jobs a day that's £160/day. 5 days a week, 52 weeks. £160*5*52=£41600 that's your IDEAL outcome. However it will NEVER happen as practice shows. realistically your billable time will be good IF 60%, even let's say you are a genius and somehow managed to bring this figure to 80%, you'll have £33280, pay about 4 grands taxes out of it, 1k accounts, 1.5k adverts, 1,5k van fuel, 1,5k tools and consumables, about 700 for MOT and services. 33280-4000-1000-1500-1500-1500-700 and you are left with 23k. You'll get less if you'll plan to go holidays. with this setup - forget about getting a new van anytime soon. actually never. Idk what kind of education you can afford your kids with such income man. So my question now. Why someone is supposed to have a headache of running a business If he's literally doing pretty much bare minimum wage ? It's just doesn't make any sense. Seriously. I want to shout out - WTF!?
@BrianIfeora3 ай бұрын
Dodge,shiba inu are the only alt coins U should buy
@freebitcoingiveaway1193 ай бұрын
3:22 BUT then IF your selling that coin... doesnt the founder have to pay TAX
@OddjobmanXyz3 ай бұрын
In all honesty it has nothing to do with the coin but the country you have tax residence in and whether or not they have capital gains tax. The coins saying "no tax man" is really just a joke haha... In you US, UK, Canada etc you will find the tax man will be hunting you down pretty quick if you fail to declare your crypto earnings 😳
@talawanda51643 ай бұрын
incorrect you need to go for the law caps.
@OddjobmanXyz3 ай бұрын
law cops? I imagine you mean low caps... I track the average true range percentage changes of the mega, high, mid, low and micro caps over at: moocharoo.ninja/fundamental-analysis.html You can see the stats for yourself, there are an awful lot of low/micro caps and they never get anywhere as not enough of a community behind them to get them off the ground. In most cases the expected returns are no better than the high and mid cap coins.
@lnyc62903 ай бұрын
Hi BEN Nice to see you are back making videos I always appreciated you from 2018 Love seeing your content keep going forward Thanks for everything
@OddjobmanXyz3 ай бұрын
Hey, thanks! Nice to be remembered. I thought I would never do another crypto video after the shadow ban but just been enjoying this too much not to share. From now on though I will be nolonger making crypto only content but a mix of investment adventures as don't fancy getting a second channel destroyed 😎👍
@ikigai473 ай бұрын
fyi: I believe you added one too many zeros on the 'present value' of Bonk: 7:49 Does that change anything in your math?
@OddjobmanXyz3 ай бұрын
Not really as I copied the numbers over to make the slides by hand, I may well have made a typo. The original numbers came direct from coinmarketcap API data. It was 9,900% ROI, but only if it makes it, nothing is guaranteed in crypto
@ikigai473 ай бұрын
@@OddjobmanXyz - Thanks
@ikigai473 ай бұрын
Hello. Where are you getting the "expected growth" numbers from your meme graphs? Thanks
@OddjobmanXyz3 ай бұрын
I could perhaps do an entire video on that, maybe boring though haha... basically just by calculating the averages of all other meme coins during their first bullrun cycle and weighting them towards meme coins that came out towards the start of a cycle rather than the ones that come late closer to the bear market.
@ikigai473 ай бұрын
@@OddjobmanXyz - Ah okay thanks man I appreciate the explanation.
@AHA_meme_Dollar3 ай бұрын
pump .fun meme $AiAi and $AHA
@inuwasalihudogo88223 ай бұрын
What is the difference between pepe and pepecoin?
@OddjobmanXyz3 ай бұрын
When coins get popular scammers create a ton of alt-coins using the similar names and images to make a quick buck, just like Doge, then came babydoge, elondoge, dogecoin etc. There are many more Pepe fakes out there feeding off the Pepe brand right now.
@PER1TTA3 ай бұрын
Tell us about trump wif hat on ton!
@OddjobmanXyz3 ай бұрын
Trump with Hat haha... that is a new one on me 😝 The problem I find with these types of coins is that they are very time limited. Like who would invest in clintoncoin today. Boden did well for awhile but if he loses the election the coin would be dead over night. Personally I think it is best to not invest in coins where the value to tied to a personality.
@onslaughtray95773 ай бұрын
I try to get some Pepe but my platform says the asset is currently not available... is that normal??
@OddjobmanXyz3 ай бұрын
Yeah many shit platforms out there that stock a limited number of coins. Its always a good idea to go to the Markets section on coinmarketcap and find out which exchange has a good amount of liquidity (volume being traded each day). coinmarketcap.com/currencies/pepe/#Markets
@onslaughtray95773 ай бұрын
@@OddjobmanXyz same thing with a few other coins that are out and that are not being traded on Kraken... i'm debating going to an ATM... they kind of scare me
@allahdiyenkoful3 ай бұрын
what u think about wojak
@OddjobmanXyz3 ай бұрын
I think I wish I bought it back in September 🤣
@allahdiyenkoful3 ай бұрын
@@OddjobmanXyz Looks like it still has potential :D
@caltreloar93283 ай бұрын
How do you know he wasn't in Swansea anyway
@OddjobmanXyz3 ай бұрын
The customer? It says there location "post code" in the app
@OddjobmanXyz3 ай бұрын
Download the PDF on how I managed to turn £500 into over £10k with a simple 3 month side hustle: moocharoo.ninja/downloads.html
@user-zl8qb7kc6m3 ай бұрын
A bar of chocolate in Tesco is £1 in a convenience store is £2 we are a convenience get them out of trouble paying your self McDonald’s rate is a joke what happens if you break down flat tyres accident ect dude I can’t believe your charging that crack on
@user-zl8qb7kc6m3 ай бұрын
lol your working for nothing it should be 20 to 30 hour hour your bringing down the prices stop your robing the trade plus your self
@jackp4923 ай бұрын
A pound used to mean the value of a pound of silver? That’s mad
@jimdavis83913 ай бұрын
The pay gap between England and America is enormous over most jobs. England is, at best an emerging economy.
@OddjobmanXyz3 ай бұрын
Emerging... That is a positive spin on it, I'd have said more of a declining economy 😳 Let's hope things can turn around, although unless they significantly bring down taxes I don't see it ever happening.
@jimdavis83913 ай бұрын
@OddjobmanXyz 'Emerging economy' is a newish term used instead of 'third world'. Yes, it's rather more flattering. I imagine that you're a tradie? I'm a joiner and small time builder.
@davesmith98443 ай бұрын
It's easy to say Handymen in the UK are undercharging, however, wages in the UK are a lot lower too so therefore your 'customer' has less income to pay you with!
@OddjobmanXyz3 ай бұрын
Yes and then if you go deeper how could we overcome that, by raising wages? Then the costs of goods sold by the companies employing the people would also need to rise and yet again the cost of living rises and people are no better off. The problem in the UK stems from the amount we are taxed! Everything is taxed to death... Those taxes eat heavily into profits and limit how much companies can afford to pay their workers.
@padthai4113 ай бұрын
workers comp, leaves a business owner with a bad taste in his mouth
@cdub50333 ай бұрын
I used a few of those useless tradesmen listing sites, advertising maybe a days work doing a few simple jobs that I can’t do myself in my wheelchair. I contacted some trades blokes & got one response, who made an appointment to come & have a look. then never showed up, the cheeky git rang me with excuses & to reappoint. never saw or heard from him again. all local guys seem to be uninterested total losers who can’t be bothered with a bit of easy day work.
@perihelion77983 ай бұрын
Here in the US we have a wide choice of folks to do our work for us. We get bids. We check out the individual or business. We negotiate. All before any work is done. I don't know about the UK situation.
@OddjobmanXyz3 ай бұрын
Yeah pretty much the same here, most of the apps people use will normally lead them to get quotes from 3-5 different businesses before making a decision on who to go for. 👍
@rg-web-design3 ай бұрын
Ok, I'm not a 'handy man' as such. I am a website creator. I am based in the UK and have many clients both in the UK and US. One thing I have found is that US clients put a higher value on my work than UK ones do. By quite a big margin.