jimmy2x3 Posted February 12, 2022 Share Posted February 12, 2022 how does it feel to be handing 7.5% of your money to pay other peoples mortgages each year while you rent their homes. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 12, 2022 Share Posted February 12, 2022 9 minutes ago, jimmy2x3 said: how does it feel to be handing 7.5% of your money to pay other peoples mortgages each year while you rent their homes. no idea, i own my properties byt dont rent them out either. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 12, 2022 Share Posted February 12, 2022 Troll post Quote Link to comment Share on other sites More sharing options...
erat_forte Posted February 12, 2022 Share Posted February 12, 2022 Its wonderful, they lose money on their long term investment while I am well diversified into many different real and financial assets. They are on the hook for both long and short term maintenance while I just call whenever there is any work that needs doing. They have the responsibility of worrying while I can live care free in a wonderful house that would cost way more over my lifetime if I was foolish enough to try and buy it. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 12, 2022 Share Posted February 12, 2022 36 minutes ago, erat_forte said: Its wonderful, they lose money on their long term investment while I am well diversified into many different real and financial assets. They are on the hook for both long and short term maintenance while I just call whenever there is any work that needs doing. They have the responsibility of worrying while I can live care free in a wonderful house that would cost way more over my lifetime if I was foolish enough to try and buy it. This with the addition of freedom of movement...REAL freedom of movement. I've just been tapped up for 200k tax free in the UAE which at this time of year means just over 1 year over there if necessary to avoid UK tax...selling or renting out my house isn't an issue for me. I can leave the likes of the OP to face the post COVID music. Who knows, maybe I could use this as an opportunity to avoid CGT on PM's and Crypto??? Quote Link to comment Share on other sites More sharing options...
shlomo Posted February 12, 2022 Share Posted February 12, 2022 58 minutes ago, Roman Roady said: This with the addition of freedom of movement...REAL freedom of movement. I've just been tapped up for 200k tax free in the UAE which at this time of year means just over 1 year over there if necessary to avoid UK tax...selling or renting out my house isn't an issue for me. I can leave the likes of the OP to face the post COVID music. Who knows, maybe I could use this as an opportunity to avoid CGT on PM's and Crypto??? Does it include free accommodation Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 12, 2022 Share Posted February 12, 2022 2 minutes ago, shlomo said: Does it include free accommodation Accom, car, fuel and medical Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted February 12, 2022 Share Posted February 12, 2022 When I was renting, with more than enough "money in the bank" to buy the house I was renting, outright, the money that would otherwise have been tied up in a house was earning twice as much in interest than I was paying out in rent. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 12, 2022 Share Posted February 12, 2022 9 hours ago, jimmy2x3 said: how does it feel to be handing 7.5% of your money to pay other peoples mortgages each year while you rent their homes. How does it feel being too innumerate and illiterate for people to take you seriously? Quote Link to comment Share on other sites More sharing options...
winkie Posted February 12, 2022 Share Posted February 12, 2022 10 hours ago, jimmy2x3 said: how does it feel to be handing 7.5% of your money to pay other peoples mortgages each year while you rent their homes. Go on tell us. Quote Link to comment Share on other sites More sharing options...
10 rillington place Posted February 12, 2022 Share Posted February 12, 2022 I'm thinking about selling to rent. Convinced now there will be carnage in the housing market during this year. It won't be the first time I've sold to rent. 2009 I sold and bought back in two years later. This site was very helpful back then (and now). Quote Link to comment Share on other sites More sharing options...
jimmy2x3 Posted February 12, 2022 Author Share Posted February 12, 2022 i guess people didint get the jist of my post. i was being ironic, i like yourselfs feel royally fcuked over by interest rates on savings lower than inflation creating the situation where we are paying for peoples debt, where we not only pay for their debt many then after paying off their debt have to rent that property from them. i cant understand why have the country aint rioting about this situation. As for a house, i believe its the biggest control mechanisim of the government, its used to turn the country into dilligent obidient slaves, so we savers actually pay there debt while they have to run around stressed to cover the rest. housing is also used as a means of extracting other wealth you might have after the banks and government take their bit the second tier controllers come to slice up the rest from council tax to water rates to telephones and all the rest considered neccesary bills. And finally if you have anything left the credit agencies come a calling as the third tier of wealth extraction wave new sofas and kitchens in your face. So this double edged sword makes a mug outta both sides of the equation. i can only conclude the real power lies in not falling for any of it at all, and perhaps as we sit here complaining about not owning a house we are infact in the best position of all. get a campervan or live in a travelodge or shift about it makes it far harder for them to steal your life. Quote Link to comment Share on other sites More sharing options...
Insane Posted February 12, 2022 Share Posted February 12, 2022 9 minutes ago, jimmy2x3 said: housing is also used as a means of extracting other wealth you might have after the banks and government take their bit the second tier controllers come to slice up the rest from council tax to water rates to telephones and all the rest considered neccesary bills. Lol. It's called living and paying for your human needs. I pay £36 a month in water rates the most value for money necessity on the planet. A few years back due to a water main leak we were cut of for 24 hours , when that happens you realise how much you need and depend on water. My phone has nothing to do with my house and the council tax is for local services like rubbish collection and footpaths also very important. I don't see how you equate these items with a house extracting wealth from you. Quote Link to comment Share on other sites More sharing options...
Horseradish Posted February 12, 2022 Share Posted February 12, 2022 3 hours ago, Roman Roady said: I've just been tapped up for 200k tax free in the UAE Which field is that in? Quote Link to comment Share on other sites More sharing options...
Warlord Posted February 12, 2022 Share Posted February 12, 2022 (edited) 4 hours ago, Roman Roady said: This with the addition of freedom of movement...REAL freedom of movement. I've just been tapped up for 200k tax free in the UAE which at this time of year means just over 1 year over there if necessary to avoid UK tax...selling or renting out my house isn't an issue for me. I can leave the likes of the OP to face the post COVID music. Who knows, maybe I could use this as an opportunity to avoid CGT on PM's and Crypto??? This happened to a housemate of mine when I was in a dodgy HMO 12 years ago. He was on avg salary and got an offer to go to Abu Dhabi for 100k+ (tax free), He would never be able to dream of that level here. Madness and of course he didn't turn it down. He is still there and good luck to him Edited February 12, 2022 by Warlord Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted February 12, 2022 Share Posted February 12, 2022 How does it feel leech off the hard work of younger nurses, doctors, carers, ambulance staff and firefighters priced out of buying a home who wlll probably achieve more of value for the world in a year than you will in an entire lifetime? People who you might need help from one day - but who won't charge you for the privilege! Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 12, 2022 Share Posted February 12, 2022 2 hours ago, Horseradish said: Which field is that in? Engineering Quote Link to comment Share on other sites More sharing options...
Money Frugality Posted February 12, 2022 Share Posted February 12, 2022 (edited) 1 hour ago, MARTINX9 said: How does it feel leech off the hard work of younger nurses, doctors, carers, ambulance staff and firefighters priced out of buying a home who wlll probably achieve more of value for the world in a year than you will in an entire lifetime? People who you might need help from one day - but who won't charge you for the privilege! Hard work doing tik tok videos during a pandemic.. We operate a deficit.. The government spending is categorically NOT *producing* ‘more value’ in monetary terms.. Edited February 12, 2022 by Money Frugality Quote Link to comment Share on other sites More sharing options...
jimmy2x3 Posted February 12, 2022 Author Share Posted February 12, 2022 3 hours ago, MARTINX9 said: How does it feel leech off the hard work of younger nurses, doctors, carers, ambulance staff and firefighters priced out of buying a home who wlll probably achieve more of value for the world in a year than you will in an entire lifetime? People who you might need help from one day - but who won't charge you for the privilege! most peoples jobs are valuable, especially the ones that pay the people that you mention. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 12, 2022 Share Posted February 12, 2022 1 hour ago, Roman Roady said: Engineering Might have known it. Your Big and Multiple Drops thread contributions betray your fastidious nature. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 12, 2022 Share Posted February 12, 2022 8 minutes ago, Si1 said: Might have known it. Your Big and Multiple Drops thread contributions betray your fastidious nature. lol ty Quote Link to comment Share on other sites More sharing options...
Pmax2020 Posted February 12, 2022 Share Posted February 12, 2022 The interest on my mortgage is only about 4% of our take home, so while I get pretty p*ssed about house prices I reassure myself that it’s only a small inconvenience. What you do with the rest of your salary and how you live and enjoy life is more important that HPI or HPC. Quote Link to comment Share on other sites More sharing options...
Staffsknot Posted February 12, 2022 Share Posted February 12, 2022 9 hours ago, Si1 said: How does it feel being too innumerate and illiterate for people to take you seriously? Jimmy2x3 could be code for Jimmy plank? Quote Link to comment Share on other sites More sharing options...
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