boo Posted November 14, 2010 Share Posted November 14, 2010 On the tube home Friday 2 essex types get on (one had camel coat like Arthur daley). Talking about his cottage in southend he bought for 195,000 on a100% interest only mortgage, bragging his mortgage is only 400 quid a month but would be nearly 900 if did repayment. Reckoned it was worth 270,000 now, it was a 2 bed. His mate was asked if he would be selling, his reply " nah it's me pension I want to get a few more to rent out", reckoned he could get 1500 a month for it then mentioned that the next door neighbor was old and would probably die soon, and he reckoned he could get a deal from the blokes son! He mate then bitched about inheritance and said he had told his kids they were getting "facking nuffink" Yuk.... Quote Link to comment Share on other sites More sharing options...
Pent Up Posted November 14, 2010 Share Posted November 14, 2010 Morons. He obviously hasn't seen the land registry figures for Southend on sea. Quote Link to comment Share on other sites More sharing options...
boo Posted November 14, 2010 Author Share Posted November 14, 2010 Morons. He obviously hasn't seen the land registry figures for Southend on sea. I did actually laugh out loud when he said he was going to get more properties, what with!? Had to stifle my smirks with a free evening standard Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted November 14, 2010 Share Posted November 14, 2010 You'd be surprised. I currently do not work as an accountant, however I work in a large open office unit which is shared with a middle sized accountancy firm.. The accountants there all except one who everybody ignores don't get it. They talk about it in the same way. Its pretty much like I've said the UK is going ALL rentier these days. Even my sister who felt renting sucked up too much of her money bought and wants to become rentier. Its like the star trek thing about ferengi. "The exploited? They don't want to end the exploitation, no absolutely not. They want to become the exploiters instead." Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted November 14, 2010 Share Posted November 14, 2010 You'd be surprised. I currently do not work as an accountant, however I work in a large open office unit which is shared with a middle sized accountancy firm.. The accountants there all except one who everybody ignores don't get it. They talk about it in the same way. Its pretty much like I've said the UK is going ALL rentier these days. Even my sister who felt renting sucked up too much of her money bought and wants to become rentier. Its like the star trek thing about ferengi. "The exploited? They don't want to end the exploitation, no absolutely not. They want to become the exploiters instead." All of the accountants I know (and that includes most of my immediate family) are totally unable to see what is happening. They are all exposed to the bull mantra on a daily basis and swallow it hook line and sinker. Quote Link to comment Share on other sites More sharing options...
Hyperduck Quack Quack Posted November 14, 2010 Share Posted November 14, 2010 If you're in the top end of the property market it's still boom time round here, in contrast to the rest of the market which is depressed. The rich are obviously getting richer (or more indebted!) while the rest of us are getting poorer. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted November 14, 2010 Share Posted November 14, 2010 If you're in the top end of the property market it's still boom time round here, in contrast to the rest of the market which is depressed. The rich are obviously getting richer (or more indebted!) while the rest of us are getting poorer. Where's round here? Plenty of top end properties being reduced and not selling in Eseex and London. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted November 14, 2010 Share Posted November 14, 2010 Where's round here? Plenty of top end properties being reduced and not selling in Eseex and London. They are indeed but these area's are still full of deluded people who have orange tans and SLK's to support. Quote Link to comment Share on other sites More sharing options...
MattW Posted November 14, 2010 Share Posted November 14, 2010 On the tube home Friday 2 essex types get on (one had camel coat like Arthur daley). Talking about his cottage in southend he bought for 195,000 on a100% interest only mortgage, bragging his mortgage is only 400 quid a month but would be nearly 900 if did repayment. Reckoned it was worth 270,000 now, it was a 2 bed. His mate was asked if he would be selling, his reply " nah it's me pension I want to get a few more to rent out", reckoned he could get 1500 a month for it That is soooo '2006' . He should get with the times! Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 14, 2010 Share Posted November 14, 2010 (edited) That is soooo '2006' . He should get with the times! We still have the same delusional monetary policy that is intendedd to herd people into such decisions. That some react accordingly I suppose is not surprising. The real retards at the top and they are desperately playing out the same misguided policies to cover up for their previous mistakes. The economy in general will continue to fail and living standards will fall to the point that one day the general public will realise they have been comprehensively lliedd to and financially raped of any future they might have looked forward to. Edited November 14, 2010 by OnlyMe Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 14, 2010 Share Posted November 14, 2010 If you're in the top end of the property market it's still boom time round here, in contrast to the rest of the market which is depressed. The rich are obviously getting richer (or more indebted!) while the rest of us are getting poorer. ffs Quote Link to comment Share on other sites More sharing options...
xavierpj Posted November 14, 2010 Share Posted November 14, 2010 Problem is Britain is full of these kind of fukwits. The forthcoming hardship should knock them into shape... and bye goes that pension. As soon as rents fall the figures just won't add up Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted November 14, 2010 Share Posted November 14, 2010 Problem is Britain is full of these kind of fukwits. The forthcoming hardship should knock them into shape... and bye goes that pension. As soon as rents fall the figures just won't add up Woss 'e doin' on ve tube anyway? Ain't 'e got no Porch Cayenne to drive rahnd in? Fackin' looser. Quote Link to comment Share on other sites More sharing options...
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