You are here: Home > Message Board > News & Politics > More lunacy from the left
April 25 2024 6.26am

More lunacy from the left

Previous Topic | Next Topic


Page 14 of 14 << First< 10 11 12 13 14

 

jamiemartin721 Flag Reading 28 Apr 16 3.40pm

Originally posted by npn

Not so much an obsession as prudent economics surely?
If you are paying 500 in rent today, chances are you'll be paying 600 in 10 years, 700 in 20, and so on. With a mortgage, that 500 (or even 600) stays at that level for, typically, 25 years, then ceases altogether. For me, that's part of my retirement planning - no longer needing to pay a mortgage.

Even if the house were eventually reclaimed on your death, I'd still think it a decent investment just for those final few years of rent/mortgage freedom and more disposable cash!

Speaking as someone who got their first mortgage 28 years ago, and with now only 7 years to go, if I could speak to my 21 year old self, I'd be inclined to say "well played, son (oh, and don't get involved with that German bird, it will all end in tears and poverty)"

So you basically have a nice house, but risky glass coffee table.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

Alert Alert a moderator to this post Quote this post in a reply
jamiemartin721 Flag Reading 28 Apr 16 3.44pm

Originally posted by johnfirewall

The Dutch are the biggest renters but they also wear shoes made of wood.

Is this a genuine question?

I'd say the purchase to rental ratio is probably greater on the continent.

It is the left's pet complaint, although I admire the martydom of paying 75% of your wages to live in Clapham.
Edited by johnfirewall (28 Apr 2016 1.50pm)

I think that, irrespective of political swing, is a pretty unacceptable situation. I know people who are paying 60-70% of the wages to live in Whitley, which is basically our Bermondsey, but with a ever present smell of sewage.

I wouldn't object to paying 75% of my wages to live somewhere very nice, but to have to pay that to live somewhere where they'd house you on benefits for free seems to decentivise working in the first place.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

Alert Alert a moderator to this post Quote this post in a reply
View johnfirewall's Profile johnfirewall Flag 28 Apr 16 3.57pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Originally posted by jamiemartin721

I think that, irrespective of political swing, is a pretty unacceptable situation. I know people who are paying 60-70% of the wages to live in Whitley, which is basically our Bermondsey, but with a ever present smell of sewage.

I wouldn't object to paying 75% of my wages to live somewhere very nice, but to have to pay that to live somewhere where they'd house you on benefits for free seems to decentivise working in the first place.

It's not right, but I just laugh at those protesting when they open a Foxtons somewhere they chose to move based on every other factor than affordability.

Yesterday I overheard someone moaning about living 15 mins walk from a station.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply

 

Page 14 of 14 << First< 10 11 12 13 14

Previous Topic | Next Topic

You are here: Home > Message Board > News & Politics > More lunacy from the left