Scarecrow Posted March 12, 2008 Share Posted March 12, 2008 I'd last about 3 months and then would have to think about selling up. With equity could last about 5 years, but only if it all happened before house prices halved! Quote Link to comment Share on other sites More sharing options...
dredwerker Posted March 12, 2008 Share Posted March 12, 2008 Oh the humanity! It was a bit tongue in cheek. but hey we would have to go to the same places or gasp I would have to get on public transport or p!ss about on internet forums all day long. Quote Link to comment Share on other sites More sharing options...
gavp Posted March 12, 2008 Share Posted March 12, 2008 Actually, I'm facing this. I work on a fixed contract which expires at the the end of June with no renewal on the table at mo. GF is out of work and has been for some time (long story). If I don't get something lined up before then then it's off to live with the GF's family and signing on, although how we continue to service our debts I'm not sure. So 0 months essentially. Quote Link to comment Share on other sites More sharing options...
mfp123 Posted March 12, 2008 Share Posted March 12, 2008 (edited) According to Credit Action, report out today, the average person in this country could survive financially just 17 days if they lost their income.I could do about 3 years at current rates of expenditure. most people on this site are saving up for a house though. so the average person may have already bought their house and dont really see the equity in their house as their disposable income. if everyone bought the house that they are planning to get, how much money would they have left over would maybe be a better measure. Edited March 12, 2008 by mfp123 Quote Link to comment Share on other sites More sharing options...
Freeholder Posted March 12, 2008 Share Posted March 12, 2008 most people on this site are saving up for a house though. so the average person may have already bought their house and dont really see the equity in their house as their disposable income.if everyone bought the house that they are planning to get, how much money would they have left over would maybe be a better measure. I own my house debt free. Three years is how long my money would last. If I sold up and rented it would obviously be a lot longer. How much longer in the current market is a somewhat speculative question. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted March 12, 2008 Share Posted March 12, 2008 bank raids muggings etc.. Quote Link to comment Share on other sites More sharing options...
Boughtin95 Posted March 12, 2008 Share Posted March 12, 2008 (edited) most people on this site are saving up for a house though. so the average person may have already bought their house and dont really see the equity in their house as their disposable income.if everyone bought the house that they are planning to get, how much money would they have left over would maybe be a better measure. What makes you think that most people here are saving for a house? I suspect there are a large number of people who own their homes outright. Like Freeholder, we own our house outright and as I posted previously: If we both lost our jobs tomorrow, I reckon we could live reasonably comfortably for at least 10 years, more if we don't touch our savings. I have a small non work dependant income, so that plus income from savings would provide at least £1k per month, that will rise to around £1.5k per month in 4 years time. Depends how well we would want to live really. Edited March 12, 2008 by Boughtin95 Quote Link to comment Share on other sites More sharing options...
geoffk Posted March 12, 2008 Share Posted March 12, 2008 all depending on interest rates 25years.... Quote Link to comment Share on other sites More sharing options...
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