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About Mikhail Liebenstein
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Rank
Newbie
Profile Information
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Location
Dorking
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About Me
Surrey based. On my third house, but don't relish the prospect for future generations.
OpenPGP key ID: 062D52E79DAA70F02E68990D856A423B49417214 https://keys.openpgp.org/ to retrieve public pgp message block.
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mikhail.liebenstein@yahoo.com
Recent Profile Visitors
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How much would you borrow?
Mikhail Liebenstein replied to Pmax2020's topic in House prices and the economy
My mortgage is pretty old now, 15 years into a 25 year repayment. At the time, we borrowed £525k on low interest rates, which then became super low. At the time the mortgage was less than 3x income. I was on about £130k and the wife was on £70k. The mortgage is down to about £260k now, which is less than a year's pre-tax combined income. I'm sure we could have paid it off by now, except that we have school fees still and to be honest, I've mainly focused on stuffing my pension. Right now our monthly repayment is about £2600 and our renewal went from 1.8% to 4.6%, but that only increased the repayment by £400. This is because given there are just 10 years to run, the actual interest each month will fall quite quickly, so the proportion of repayment rises. In 5 years, the outstanding will be down to something like £160,000 unless I repay early. ------ I think sticking to 3x is a good safe rule of thumb. At the time we could have borrowed big, but then the outstanding mortgage would still be huge. -
Boomers have their hand out again!!!
Mikhail Liebenstein replied to hughjass's topic in House prices and the economy
Brilliant post. I agree 100%. The boomers are dragging everything down and playing the i pAiD mY sTaMp card, which is utter bowlocks. The triple lock needs to go, and really the state pension should be cut by 1/3. -
Boomers have their hand out again!!!
Mikhail Liebenstein replied to hughjass's topic in House prices and the economy
That is irrelevant versus tax rate changes. Who earns £10k ffs. -
Boomers have their hand out again!!!
Mikhail Liebenstein replied to hughjass's topic in House prices and the economy
Can't they just die. Seriously, Covid was nature's way of dealing with net takers from the system. -
Is there a 2008-2010 Vibe in the air?
Mikhail Liebenstein replied to Pmax2020's topic in House prices and the economy
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Is there a 2008-2010 Vibe in the air?
Mikhail Liebenstein replied to Pmax2020's topic in House prices and the economy
I had STRed by then (mid 2008). The house I eventually bought late 2009, had been on for £900k 18 months earlier, but with cash in the bank, I was able to beat the developer who had taken it in part exchange down to £750k. housepricecrash.co.uk saved me £150k on the day, and probably double that on mortgage payments. That said, it pales into insignificance in comparison with my Covid led investing gains. If you read the thread, I was debating this in Feb 2020. I was persuaded to buy back into the market on the 18th March 2020 by a colleague across the pond who was bullish. My pension fund shot up £250k in a few months, somehow buying back at the absolute market bottom. The only downside is, I miss accessing the fund at age 55 by about 3 months. Though frankly that probably isn't wise as I am still 100% fit at 50 with relatives who touched 100. -
You don't mean like Nationalsozialistische Deutsche Arbeiterpartei, or are you referring to the earlier Arbeiterpartei form under Anton Drexler?
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I've already panic bought 2 years supply for the house. Though I rarely drink tea myself, more for the wife and kids.
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ΔGDP x e^iπ > 0 is now a positive result
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It is appalling. I'd do a much better job as a Police officer than a 5'6" young female, but then I'd need 8-10x that salary. £24k is a lot less than I got straight out of University in 1996.
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This site is getting worse
Mikhail Liebenstein replied to The Angry Capitalist's topic in House prices and the economy
Old post, as I thought it was sold to an agency: Not Keyser Söze -
This site is getting worse
Mikhail Liebenstein replied to The Angry Capitalist's topic in House prices and the economy
Agree, especially if ads are off. Might be the site software (Invision board) needs an update to better support Chrome etc.