Si1 Posted October 8, 2013 Share Posted October 8, 2013 <br />Wifey sees it as dead money and not value.<br /><br /><br /><br />I also don't get this surely on such a high salary she should not be above listening to rational criticism and even understanding this pretty basic stuff Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 I don't get it I thought that rental value tended to get better the higher up you went, so rent Like this one? 4k a month http://www.rightmove.co.uk/property-to-rent/property-39657715.html Quote Link to comment Share on other sites More sharing options...
winkie Posted October 8, 2013 Share Posted October 8, 2013 I don't get it I thought that rental value tended to get better the higher up you went, so rent Big enough you could do your own bed and breakfast......and still be at home for the kids. Quote Link to comment Share on other sites More sharing options...
tomandlu Posted October 8, 2013 Share Posted October 8, 2013 Wifey sees it as dead money and not value. How much money have you got saved? It sounds as though you ought to be pretty near being able to afford to pay the rent just using the interest. So... You can blow your savings to buy somewhere that could lose 50% of the purchase price You can rent somewhere, using the interest, still keeping your powder dry and still adding to your savings Anyway, Bruce Banner will be along in a minute to have a rant at you... Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Big enough you could do your own bed and breakfast......and still be at home for the kids. Yeah lol. This is actually quite good value for how nice it is. 2.5k a month this one. http://www.rightmove.co.uk/property-to-rent/property-28219674.html Quote Link to comment Share on other sites More sharing options...
gimble Posted October 8, 2013 Share Posted October 8, 2013 We do VERY much enjoy life but partly because of this site it sticks in my craw to pay a sniveling "home owner" (laughable term) 200 grand over what he paid for a place just because he is a sniveling "home owner" and he put some strategically placed sticks in the living room. If we bought our dream home at say 800k to 1 mill and then took a 25% hit that's quite a lot of money even for us. At 400k it's not so bad but still quite a lot. My main issue is that I really did believe in the crash, a big one! And what did we get? We got a damp squibb didn't we! Be just my luck that I held out this long and then buy and then it all kicks off LOL. Seems like you're cutting your nose off to spite your face. Forget about the 1%ers. You and your Mrs probably fall into the top 0.1% income wise and you're still living with your sister in Slough! HAHA! I thought I was tight ... Isn't the whole point of being rich that you don't need to worry about money? Even if you lose 250K on your dream home you'll still have your dream home - it's just one year's net pay to you both, you'll get over it. If you have a new kid you won't even think about it. Just get on with your stuff, man! Quote Link to comment Share on other sites More sharing options...
dryrot Posted October 8, 2013 Share Posted October 8, 2013 Yeah lol. This is actually quite good value for how nice it is. 2.5k a month this one. http://www.rightmove.co.uk/property-to-rent/property-28219674.html Which would leave you with £210k pa net. And you have a problem? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 Like this one? 4k a month http://www.rightmove...y-39657715.html Yes, leaving you 16k a month to feed the horses and have a McDonalds with the family. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 We do VERY much enjoy life but partly because of this site it sticks in my craw to pay a sniveling "home owner" (laughable term) 200 grand over what he paid for a place just because he is a sniveling "home owner" and he put some strategically placed sticks in the living room. If we bought our dream home at say 800k to 1 mill and then took a 25% hit that's quite a lot of money even for us. At 400k it's not so bad but still quite a lot. My main issue is that I really did believe in the crash, a big one! And what did we get? We got a damp squibb didn't we! Be just my luck that I held out this long and then buy and then it all kicks off LOL. Should be quite easy with your (supposed) income to find distressed sellers/auction property/hammer out a cash deal that saves you money on a very decent house? Quote Link to comment Share on other sites More sharing options...
Vested Disinterest Posted October 8, 2013 Share Posted October 8, 2013 hey, get this thread back into the gutter at once! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 8, 2013 Share Posted October 8, 2013 Which would leave you with £210k pa net. And you have a problem? Bridges arent cheap these days. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 My wife and I are considering emigrating too. After all living costs are paid in London, there is very little left over for actually living, let alone saving and pension contributions. The trouble is I am fairly well paid and it's hard to give that up knowing if we did return I might not be employed, let alone be well paid. You have very little to actually live, save or start a pension.....what exactly are you giving up again? Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Seems like you're cutting your nose off to spite your face. Forget about the 1%ers. You and your Mrs probably fall into the top 0.1% income wise and you're still living with your sister in Slough! HAHA! I thought I was tight ... Isn't the whole point of being rich that you don't need to worry about money? Even if you lose 250K on your dream home you'll still have your dream home - it's just one year's net pay to you both, you'll get over it. If you have a new kid you won't even think about it. Just get on with your stuff, man! You know I thought once that when I get to 5k a month ill be so rich all my problems will be over etc etc. It's a fallacy. As you earn more and you learn and understand how HARD it is to make lots of money value becomes more important, security also becomes more important because you don't want to have to go through the dreaded re-set. You say "even if you lose 250k on your dream home" as though nothing else would have happened in that scenario! Our jobs would also have gone too. Our jobs and lifestyle (I race cars and am part of a team) would go in a downturn like that and then we would be left with no money coming in but a big house to service. If we don't take on large debt like getting the dream 1 mill home and having a 500k mortgage for example then even if that happened we would have other opportunity's and no large stress. Were not tight by any means. I spend 2k a month on motorsport minimum every month and last year my yearly costs were over 30 grand but we do everything cash so its affordable. Debt worries me. Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Yes, leaving you 16k a month to feed the horses and have a McDonalds with the family. Last wife had Horses NEVER AGAIN Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Which would leave you with £210k pa net. And you have a problem? We don't have a problem we have a choice I find difficult. There is a difference and I like to be measured. Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted October 8, 2013 Share Posted October 8, 2013 What do you think? Nothing lasts forever Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted October 8, 2013 Share Posted October 8, 2013 You have very little to actually live, save or start a pension.....what exactly are you giving up again? Job security. I know, life's too short, but have 2 little ones to think about now. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 Yeah lol. This is actually quite good value for how nice it is. 2.5k a month this one. http://www.rightmove...y-28219674.html Very nice, but will it be "snapped up" to rent, or just sit there empty? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 Job security. I know, life's too short, but have 2 little ones to think about now. Fair enough. Quote Link to comment Share on other sites More sharing options...
yadayada Posted October 8, 2013 Share Posted October 8, 2013 My main issue is that I really did believe in the crash, a big one! And what did we get? We got a damp squibb didn't we! Be just my luck that I held out this long and then buy and then it all kicks off LOL. Also that would then mean you'd been wrong twice. Not pleasant. Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Very nice, but will it be "snapped up" to rent, or just sit there empty? Funny that as I have not looked at rentals before but there are TONS of them! Really nice houses too. Makes me wonder where the owners are. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 Funny that as I have not looked at rentals before but there are TONS of them! Really nice houses too. Makes me wonder where the owners are. Working in London and sleeping on their sister in laws floor maybe? Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 8, 2013 Author Share Posted October 8, 2013 Also that would then mean you'd been wrong twice. Not pleasant. Double whammy but yes you're right. I was so **** sure we would have a massive 50% crash and I would step in a buy the dream home for a song. WRONG! Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 Like this one? 4k a month http://www.rightmove...y-39657715.html Very nice, I have printed a couple of the views for my Ideal House visualisation, thanks for the link. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted October 8, 2013 Share Posted October 8, 2013 Look if you've managed to get yourselves into a position where you net 20k a month, being wrong about the crash is not that important. Imagine those who were wrong and earn 3k a month or less. They are the ones who were swindled the most, along with the young. Tell me, is there a chance that you wouldn't be earning anything at all if there'd been a catastrophic crash? I bet there is, because the economic consequences of such a crash would have been huge. A little perspective may be in order.... Quote Link to comment Share on other sites More sharing options...
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