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Andy Jones

Todays Telegraph Is A Bearfest!

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I was talking about my own 4.4ltr 7 series which cost half the price of a new Mini Cooper OTR.

At what age would a 4.4 7-series cost £8.5k???

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Isn't the average income something like 22,000 before tax? :unsure:

Oh yeah, it is a lot. But you're paying 40% on everything over 38K. After tax 100K only gives you 65k-ish? If one thinks one can live like a prince on 65k net you're in for a suprise, IMO.

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Here's a freebie for all the good readers of these pages.

If you want to make £3,000 for nothing then go down to the local BMW dealer and place an order for this car:

http://www.carmagazine.co.uk/first_officia...=826&page=1

It doesn't much matter which of the three models but the 135i is the safest bet. You will be able to sell your position on the list just before they are launched for £1,500. If you are slightly braver you should borrow the £32k for a month or two, take delivery and sell from the back pages of Autocar or even direct to a specialist and see a £3,000 tax free profit.

Its free money. Not since the Boxster S launch has there been such a sure fire money maker.

I think I might oder 3.

ANDY

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If you want to make £3,000 for nothing then go down to the local BMW dealer and place an order for this car:

http://www.carmagazine.co.uk/first_officia...=826&page=1

It doesn't much matter which of the three models but the 135i is the safest bet. You will be able to sell your position on the list just before they are launched for £1,500.

How much would one have to pay to be on The List?

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Depends on your dealer. Anything from a £200 deposit up to 10% if they don't have a relationship with you. More averagely if you look like a safe bet then £1k should put you on the list as long as you get down there in the next fortnight.

Take an unaccompanied test drive to the BMW franchise in a 350Z, Audi S3/TT, Merc SLK, Boxster or similar and they'll probably give you a free umbrella on the spot, put you on the list and invite you to a BMW experience day at your convenience.

ANDY

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Saturday in the property section http://www.telegraph.co.uk/property/main.j...30/pword130.xml

" What about my index - The Index of Prices affordable by Overburdened Dreamers (IPOD)? It is very simple. It tracks the maximum mortgage advance that a typical first-time buyer could secure from the online mortgage broker Charcol (www.charcol.co.uk)."

"I know that if I had property investments, other than my own home, I would quickly dispose of them the minute that IPOD declines."

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Oh yeah, it is a lot. But you're paying 40% on everything over 38K. After tax 100K only gives you 65k-ish? If one thinks one can live like a prince on 65k net you're in for a suprise, IMO.

I understood the 100,000 are after tax, so gross income would be far over 100,000.

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I understood the 100,000 are after tax, so gross income would be far over 100,000.

Not that far over, most wealthy people avoid paying 40% tax, if they've any sense.

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I think it is a deliberate editorial policy, and is probably George Osborne backed. The Tories know that if things tumble economically they have the next 10 years in power. They do not want to talk about HP openly themselves because it is such a central middle class vote winner, but they are getting their media channel to do it for them. Either that or the Torygraph is just a great paper, brave, independent and prescient....

Larry Elliot in the Guardian said exactly the same thing this morning:

If you are David Cameron or George Osborne, what would you like most in all the world at this moment? Pretty obvious really. You want the economy to go into a tailspin, with higher interest rates triggering a sharp slowdown in growth, lower consumer spending and falling house prices.

As loyal members of the Opposition, you are never allowed to say this, of course. You are obliged to say that you regret that the economy is going belly-up, but this - for all oppositions, left as well as right - is cant. The economy remains integral to political success and a weakening economy is traditionally bad for the governing party.

Get the Torygraph to do your work for you...

btw the rest of the Elliot/Guardian article is well worth a read and just adds to the continuing bearishness of the press (of all colours) at the moment.

Edited by redwing

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My experience of the 100K earners is that many of them would rather go bankrupt than be seen to be cutting back. Without the March ski trip, the super-expensive meals and the Porsche Cayenne, many lose their sense of self worth (and the respect of their fellow above average earners). They are much more likely to pop a bit more on the CC or MEW to get the funds to maintain their lifestyle.

Your experience of £100K earners must've been limited to the more vacuous sort cos there's no way on God's green earth I'd allow myself to be repossessed or bankrupted to save face with a bunch of pretentious assholes. Less than 3 years ago I would regularly get the "insufficient funds" message at the cashpoint and although it was a pain in the ar5e, I do remember those times as being the most fun I'd had in 10 years.

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  • 338 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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