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wish I could afford one

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About wish I could afford one

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  1. Just a bit more food for thought. A couple of years back we found ourselves in the same situation. To cover the inconvenience, working on a block viewing a week, we negotiated £100 a month off the rent. So more FG's idea than 50% off. The property was viewed by potential owner occupiers and 'investors'. In the end it was bought by another investor so we then signed a new AST with them. Meanwhile we 'saved' £800 in rent as it took 8 months to sell and exchange. So OP if you like where you are there is a chance you won't have to move. That said you may have to negotiate a new AST where they think they can charge you a higher rent than you are used to which may result in you moving anyway but give notice now and you are doing that anyway.
  2. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    What are you worried about? We've been told we'll be better off in 50 years or so... You need to take one for the team... That said if we can't get some better leadership than we have now I expect even in 50 years the UK will be much much worse than it is now.
  3. wish I could afford one

    So many people I know are taking early retirement

    ...and I think this will create business opportunities for small businesses so hopefully will correct itself eventually as corporates realise they can't just do what they want. I've already read some calling it the trusted economy. For example don't buy that beer from the big corporate where you don't know what they're doing to it and where they don't care about you but instead just want your $'s. Come and buy from my micro brewery where you can see me making it first hand and taste before you buy. The more successful ones are then being bought by corporates and it repeats.
  4. wish I could afford one

    So many people I know are taking early retirement

    I think it's a two way street. The average firm provides no allegiance to you and in return you provide no allegiance to the firm. It's just a contractual arrangement these days. I'm not sure who started it but it's not a good thing for either party IMHO.
  5. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    I guess some of it will come out eventually but it'll be too late for the proles by then. I wonder if any of the ERG members 'affiliations' are currency trading or similar through all of this...
  6. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    So you number 1, 2 and 3. Then add them up and whichever 1 gets the least votes gets its 2 added to the top 2. At that point a single option must be >50%. Is that your understanding? If yes, that would work as well.
  7. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    What's the question though? Or is it a 2-part question: - Part 1. Do you want May's deal or no deal? - Part 2. If you voted for May's deal do you actually want May's deal or no Brexit? At least that way you're not loading the deck in favour of B/remain.
  8. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    Agreed. I've never witnessed more ineptitude going right back to Cameron heading off to 'negotiate' with the EU. Why didn't they just implement what was already allowed under the current EU framework and be done with it. It would have slowed the 'influx of foreigners' and we could have moved on to something more important. To demonstrate I've just registered here in Cyprus (in the EU Directive this occurs if you intend to stay more than 3 months). I had to show self sufficiency (or a job), private healthcare, a rental/purchase contract and prove I was spending money into the Cypriot community. There are a number of agenda's here and I don't buy that they are going to be good for the Average Joe.
  9. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    I despair, I really do. If I'd operated like that in a real workplace I would have been sacked years ago. So now they're voting against what they voted for previously. They can't define a Brexit strategy as there isn't enough support for any of the variants, they don't want a no deal as I think they all (except the ERG et al) see that's a disaster and no Brexit goes against the referendum (which I still believe was flawed but hey ho). So what now? They continue acting like school children and in theory we get no deal. What would I do. I would have done this long ago but better late than never. I'd get the Tory party and the DUP in a (large) room and advise them that they wanted the referendum and so now we are not leaving until we have agreement on THE PLAN. That plan requires everybody's signature on it. If a single person won't sign it we stay until the plan is acceptable to all. If we need to bring in camp beds and pizza then that's what we'll do. If you need to leave early then I'll accept your resignation on the way out. I can't see what else they can do as Corbyn and his ilk are only focused on himself and his party so will vaguely oppose everything. So without all the Tories on board she's doomed to fail.
  10. wish I could afford one

    So many people I know are taking early retirement

    For those of us without final salary schemes high inflation is one of the big risks as well yet it's the result that government always wants. If I back test a US portfolio of equities/bonds (US as the dataset is freely available) then the inflation of the late 60's/70's leads to some of the worst sequence of returns. Retiring into the Great Depression is not as bad from a sequence of returns perspective.
  11. wish I could afford one

    So many people I know are taking early retirement

    We're a positive bunch on here today 😂 I've set myself a £2,000 a month upper limit for living in an EU Med country. That includes rent of a house with pool plus sea views and some international travel. It's early days but looks to be very achievable.
  12. wish I could afford one

    So many people I know are taking early retirement

    I also had no DB scheme. With every role I've had it was the generation just in front of me who had those. I did get a DC scheme though where I made contributions via salary sacrifice which in some cases included an employer match up to a certain %. I periodically then moved the money from the employer scheme to a SIPP to save on expenses. 44% of my wealth is tied up in those SIPP's where I'm assuming the government will move the goal posts to age 60 within the next 8 years. I've found it more helpful to not look at those around me but instead to do my own thing with the resources I have at my disposal. Sure, the schemes are not as attractive as they once were, but there are still options out there for those that want to retire early. In my models I even assume that I'll get no State Pension. If I do then that's icing on the cake.
  13. wish I could afford one

    So many people I know are taking early retirement

    I've just taken early retirement at age 46. Way back in 2007 I just wanted to buy a home to live in and when I went looking it didn't look right. I joined HPC at about the same time. Luckily while waiting for the crash that didn't happen (but in hindsight did happen for anyone who didn't have GBP savings or earnings) I started a Plan B. That Plan B crudely was figuring out how to earn more, spend less, invest the difference in diversified by type and country asset classes while minimising investment expenses and taxes. Unfortunately Plan A, buy a UK home to live in, didn't work out but fortunately Plan B did. We're now living in the Med and have just managed to get ourselves registered pre-Brexit which should secure all our current UK and EU rights based on current guidance. When I started it was quite a lonely online existence (I've been blogging on the topic since 2009 and wrote a book covering the tools and techniques I used in 2016) but these days the FIRE (financially independent, retired early) movement is reasonably visible online. I'd recommend anyone pursue FI as that gives options. The RE bit is a personal choice and one I'm still learning about as I move through my decompression phase.
  14. wish I could afford one

    Brexit What Happens Next Thread ---multiple merged threads.

    Giving the proles 20% less spending power in the global economy... Sounds like great news. I wish I'd voted for Brexit now...
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