Today's Interest Rate Reduction (Merged)
#242
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Nat - nice. Car (errmm 2 cars in fact) essential for living here but tax, roadside recovery cover, insurance and servicing all seem to come at once. That being November. Even old bangers are a hell of a burden.
Having said that in a typical week I ride 50-70 miles, walk 15-20 miles (with the dog) run 5-8 miles (with the dog) and do other "non transport" exercise (surfing and weights) all for fun.
Having said that in a typical week I ride 50-70 miles, walk 15-20 miles (with the dog) run 5-8 miles (with the dog) and do other "non transport" exercise (surfing and weights) all for fun.
#243
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
He doesn't have a "solution." He's just watching what happens with enough money put away and spread around to be unlikely to be affected too much. If any opportunities come up, he'll grab them. He did say last week that with interest rates being so poor (lives comfortably off interest), he might have to "do a bit of work" to keep the money coming in (!!).
The comment refers to the measures, that although probably "right," will still not have much impact on a collapsing economy - of which the UK seems to be hit almost hardest.
The comment refers to the measures, that although probably "right," will still not have much impact on a collapsing economy - of which the UK seems to be hit almost hardest.
#244
I should imagine you use a fair bit of energy doing you landlords garden as well,although thats really only a summertime activity really .
I would be inclined to ask him to buy a ride on mower if I were you .No point killing yourself for someone elses benefit .
Its worth a try .
Good Luck.
I would be inclined to ask him to buy a ride on mower if I were you .No point killing yourself for someone elses benefit .
Its worth a try .
Good Luck.
#245
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
nkj - I would have got a ride-on but some of the slopes are too steep - I'd fall off and die which would be a small but significant inconvenience.
Instead I got the biggest rotary petrol you can get that pulls me along up the hills. Not worried about the fuel costs - very minimal and I enjoy it anyway.
I'm happy to do bits and bobs without asking for money (fitted a new door handle last week for example). Sort of give and take really. We get a good deal. Their house gets looked after. They don't put the rent up!
Instead I got the biggest rotary petrol you can get that pulls me along up the hills. Not worried about the fuel costs - very minimal and I enjoy it anyway.
I'm happy to do bits and bobs without asking for money (fitted a new door handle last week for example). Sort of give and take really. We get a good deal. Their house gets looked after. They don't put the rent up!
#246
Sounds like a marriage made in heaven .(figuratively speaking )
Everyones a winner .You have delightful place to rent,and the Landlord has a very thoughtful Tenant ,who is looking after the Landlords investment .
Its a win win situation by the look of it .
I would be cheeky if I were you and ask for a reduction in rent though due to the interest rate cut .Its worth a try and if you dont ask ,you dont get .
Everyones a winner .You have delightful place to rent,and the Landlord has a very thoughtful Tenant ,who is looking after the Landlords investment .
Its a win win situation by the look of it .
I would be cheeky if I were you and ask for a reduction in rent though due to the interest rate cut .Its worth a try and if you dont ask ,you dont get .
#247
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Again it's a bit of give and take. The rent has stayed the same for 2.5 years (since we moved in) - in that time interest rates went up and prices rocketed - but the rent stayed the same. Now it's the other way, I'm happy to carry on at the same rent. Which really is a bit of a bargain.
#253
Jeez you talk some **** - you claim to have 5 acres where no other property can be seen from 'your' land, then say your best buddy landlord neighbour lives 150 yards away. - Your other best buddy who is worth ten million reckons that reducing interest rates to counteract the recession is as effective as a duck farting in a thunderstorm, but neither you nor he can offer an alternative suggestion. Is there any chance that you make stuff up on a post by post basis to suit the thread?
#254
you have said previously that the landlord has no mortgage on this property, so why the hell would he thinking," great the price has dropped by X percent great time to be flogging it!!!".
i don't have search but you have previously stated that this place was worth nearly a million? (5 acres, 5 bedrooms) that's some savings you have even with the price reduced by 20-30-40% or whatever.
i don't have search but you have previously stated that this place was worth nearly a million? (5 acres, 5 bedrooms) that's some savings you have even with the price reduced by 20-30-40% or whatever.
#255
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Jeez you talk some **** - you claim to have 5 acres where no other property can be seen from 'your' land, then say your best buddy landlord neighbour lives 150 yards away. - Your other best buddy who is worth ten million reckons that reducing interest rates to counteract the recession is as effective as a duck farting in a thunderstorm, but neither you nor he can offer an alternative suggestion. Is there any chance that you make stuff up on a post by post basis to suit the thread?
Oh and the mate - actually it's a close relative. And his parents who are worth a similar amount. It's not their job to "solve" the recession.They just have their own ways of taking advantage.
jjones - ahhh I remember you being a major league pain in the butt. We could buy a sizeable chunk. It will be a few years before we can buy it outright - basically our savings are rising, the price of it is falling. We hope it will meet somewhere in the middle.
Thanks for taking such an interest though
#256
Maybe we have different priorities mate - and it is generally only greedy dodgy bankers that view cars as potentially appreciating investments after all. Live life and spend it before it is gone...so that's an extra £200 in the M6 fund already this month - bingo! D
#257
Scooby Regular
iTrader: (1)
Join Date: Feb 2001
Location: Nobbering about...
Posts: 16,067
Likes: 0
Received 0 Likes
on
0 Posts
I figure I've only got about 25 years left before I'm too old to enjoy it all (if indeed I'm still alive by the time I'm 70 ) so I may as well throw caution to the wind
#258
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Anyone see the money programme last night?
Very, very interesting and I could not agree with the French way of doing things any more (debt is embarrassing).
They also compared someone who had bought say 20 years ago to someone who rented for the same period - renter was better off. There was also a multi millionaire who refused to buy a place. He rents every time. Just thinks it's more sensible.
I just look forward to buying a house (possibly - or might just rent forever) outright and having zero mortgage/rent payments ever again. Doesn't mean I'm not eyeing up a 335d touring though...
Very, very interesting and I could not agree with the French way of doing things any more (debt is embarrassing).
They also compared someone who had bought say 20 years ago to someone who rented for the same period - renter was better off. There was also a multi millionaire who refused to buy a place. He rents every time. Just thinks it's more sensible.
I just look forward to buying a house (possibly - or might just rent forever) outright and having zero mortgage/rent payments ever again. Doesn't mean I'm not eyeing up a 335d touring though...
#260
#261
You obviously must have amazing self-restraint when it comes to not spending money. as well as a fantastic job with superb salary. Although judging by your posts, you seem to be extremely well clued up on the housing market and have obviously bided your waited many years for this exact moment!
How long did it take to save up such a huge amount of cash?
#262
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Olly - about four years. Of course as we earn a fortune, it's pretty easy really. Plus we are extremely gifted in every department.
Oh and I was asked to run for Prime Minister - I said I was busy.
Oh and I was asked to run for Prime Minister - I said I was busy.
#263
Scooby Regular
iTrader: (1)
Join Date: Feb 2001
Location: Nobbering about...
Posts: 16,067
Likes: 0
Received 0 Likes
on
0 Posts
Ta
#264
Scooby Regular
Join Date: Apr 2001
Location: Some country and western
Posts: 13,488
Likes: 0
Received 0 Likes
on
0 Posts
So, should I buy another motocross bike or not?
The one I have is perfectly good, but the new one has black wheels.
I also have a mortgage.
The one I have is perfectly good, but the new one has black wheels.
I also have a mortgage.
#265
D
#266
Scooby Regular
#268
Scooby Regular
#270
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Liike this?
ZzzzzZzzzZzZz AAHHH NOOOO HEEELPPPP ITS TOOO MUUUCCH ZzzzZzzzZzzz NO NO NO NO NOOOOOOOO WHAT IF I LOSE MY JOB ZzzzZZZzzZZzzzz ZZzzZZZZZzzzzzz BUT I MADE LOADS ON THE HOUSE TWO YEARS AGO ZZzzzzZZZzzzzz, etc, etc
ZzzzzZzzzZzZz AAHHH NOOOO HEEELPPPP ITS TOOO MUUUCCH ZzzzZzzzZzzz NO NO NO NO NOOOOOOOO WHAT IF I LOSE MY JOB ZzzzZZZzzZZzzzz ZZzzZZZZZzzzzzz BUT I MADE LOADS ON THE HOUSE TWO YEARS AGO ZZzzzzZZZzzzzz, etc, etc