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Money Frugality

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Everything posted by Money Frugality

  1. ^ correct, you won’t be seeing interest rates > 1% within the next 3 years.. and inflation will be running at ~5%+ the idea is to inflate away the debt..
  2. Depends if its taxable or not... People with the bulk of retirement savings in an S&S ISA will be better off and can retire whenever they decide.
  3. Contrary to common sense.. It took them this much QE borrowing under the guise of Corona to even get inflation, I'm guessing as soon as they quit the shots, in time, when this blows over, we're going to experience deflation like never before probably wrong but they always say the majority are wrong.. We are still experiencing the lag in the ridiculous Corona measures taken.. I'd expect rises for the time being and unless QE is continued at a high enough level what, a big deflationary spiral in 2 years?
  4. Unfortunately I will before 30 years.. But I plan to not be working that long anyway so technically this makes progress harder..
  5. So NI + Inflation + More student loan payments = Expat? https://www.ft.com/content/f77fe7ee-6165-427a-8754-e90d22d5689f
  6. Someone’s been on the cocaine and rum tonight .. RE all your threads.
  7. Think of the polar bears! Intrigued now, pics or pencil drawing haha?
  8. Lol this too hot in summer, wrap in a blanket or dressing gown in winter. The only time my heating goes on is when a guest complains it’s cold 😂
  9. Could say the same about buying a house though.. And I’m more so referring to OO whom even if they made gains on their flat they wouldn’t be able to sell for a house in the same area without forking out more anyway ‘real life’ friends the sitcom, problem being how will they sell it as a solicitor should pick up on the regulations
  10. Lenders unwilling to lend on non conforming flats, unable to renew mortgage rate, inflation, ir rate rise + variable, repossession? Been telling people for years don’t buy flats but everyone thinks it’s RL Friends
  11. What does all of this mean. Inflation. Where is the blood curdling inflation though?
  12. That's astonishing.. My parents are relatively well off and I don't get shit except when someone dies haha! On the flip side though had previous partners who have done and the difference in work ethic is clear. However, I have found that people from money, their off spring manage it better so I wouldn't wholeheartedly buy into the three generations of wealth thing.. Personally my kids getting provisos and stipulations on when it can access it.. I'm passing down the knowledge of how to keep it going firstly which isn't rocket science. No work ethic, it goes to charity.
  13. Do you really think the boomers will fall on their sword? They crave life and fear death.
  14. Agreed with this.. Dumped all UK equities at the last peak… Question being is if eg invested in a fund should it be hedged to gbp or let loose but run the risk of other developed countries being in a similar predicament re inflation or currency devaluation..
  15. Amusing that this is the first post to actually relate this to house prices
  16. LOL you are so misinformed or needed to get out more.. A lot of people were not compliant. Did anyone die? No. I had a nurse come round during the middle of lockdown for a social visit..
  17. Came here to find a post on this and you delivered. So....? This ^ So the current working population are paying for this, what ever happened to "I've paid in all my life, I've paid my fair share...?" The basis of this was social care caps and the NHS.. Typical emotional blackmail and people are accepting of this judging by telegraph comments. Regardless of how you end up there if you cant pay 80k for healthcare post retirement. Where is the accountability for peoples choices.. *Note* I'm not including people with *extreme* circumstances which are few in comparison to the majority. Once again government interference at a time when inflation is set to bite as well.. Also this doesn't hit just lower incomes since sub 50k is still paid for at the banding rate, NI is progressive just like income tax no? After 50k you are still paying for everything below 50k.. Granted going from 50-100 its less of an effect but still less money at the end of it.
  18. Can I question you on this... I've recently undergone a similar thing with my house and was surprised to find it has almost doubled in value in five years.. What kind of returns from renovating per house are you even expecting in this current climate and future etc assuming all unspecialised work is done by yourself.. Wont associated moving costs eat into that significantly the higher up you go..? Its always put me off because if I were buying a house seeing it had been bought a year before and on for 50-100k more id give it the swerve unless it was fairly new..
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