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spyguy

Dm - Its Me Penshun

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http://www.dailymail.co.uk/news/article-2042630/New-era-hippies-Millions-50s-relying-home-pension.html

Another self promoting advertorial from LV about over 50s and house=pension.

'Of course you can withdraw equity from your house' says moustache twiddling con-man.

These articles never point out that there are about 30% more of the boomer generation - ranging in age from 65 to about 52 - than the one following it?

It does not help that they will have to sell into a market where 70% of the mortgage providers from their lifetime are in various forms of bust.

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A typical two-bedroom flat costs £659 a month to rent, but the mortgage on the same property would be only £581, a saving of £78 a month.

A small price to pay for the financial security of renting. Plus, if they've sold up, they'll have the interest from the cash in the bank which should more than make up the difference.

Many 55-year-olds have reached the age at which they saw their own parents stop work to retire on a generous, inflation-proof pension.By comparison, they face working for many more years and retiring on a paltry pension.

Don't forget that their parents generation suffered an event that robbed them of their youth and decimated their numbers.

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Funny! What has happened that an IO mortgage is considered buying a property. If the article explained how, yes, it was cheaper then rent, but then added the costs of this 'home ownership', fair enough.

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How did they do this calculation? There are no 100 per cent interest only mortgages, are there?

For the purpose of the article they will have invented one.

http://www.guardian.co.uk/money/2011/sep/05/100-per-cent-mortgage-aldermore

However there is this one on the market providing your parents put up there house as collateral, but then I'm sure that will have implications about the equity they can take out for their pension.....

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For the purpose of the article they will have invented one.

http://www.guardian....tgage-aldermore

However there is this one on the market providing your parents put up there house as collateral, but then I'm sure that will have implications about the equity they can take out for their pension.....

I see. So 'on average' means 'made up'.

In the daily mail, I can believe that.

Edited by (Blizzard)

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A small price to pay for the financial security of renting. Plus, if they've sold up, they'll have the interest from the cash in the bank which should more than make up the difference.

Not too secure if the L/L gets repossessed though, is it?

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http://www.dailymail.co.uk/news/article-2042630/New-era-hippies-Millions-50s-relying-home-pension.html

Another self promoting advertorial from LV about over 50s and house=pension.

'Of course you can withdraw equity from your house' says moustache twiddling con-man.

These articles never point out that there are about 30% more of the boomer generation - ranging in age from 65 to about 52 - than the one following it?

It does not help that they will have to sell into a market where 70% of the mortgage providers from their lifetime are in various forms of bust.

Interesting to see which comments are getting green-arrowed.

And the worst-rated comments? Those that point out that house prices are a pyramid scheme <_< The penny is still in free-fall, methinks.

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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