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13-04-17, 12:43 PM | #11 |
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Re: joined the property ladder
Excellent news Lance well chuffed for ya... It seems as if all that carp that's gone on over the last few years is almost worth it...
Big bugs from this Chimpboy!
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Innuendo - it's great when you get it. sv650s (gone) gsx-r600 (gone) Street R675 (now living in Inbhir Nis ) |
14-04-17, 06:57 AM | #12 |
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Location: Turre, Almeria
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Re: joined the property ladder
Nice one buddy. All of a sudden life gets easier when there isn't a wedge going out every month to cover rent/mortgage.
Sent from our wholly owned hacienda in southern Spain.
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"It's not the years in your life, it's the life in your years." Currently - Fighting the urge... seen a nice Triumph America Previously - Honda CB125, Honda CB400-4 & BSA B40, Moto Guzzi 850, Yamaha RD250, Suzuki GT380, Kawasaki Z1B, Kawasaki Z650, Honda VFR, Triumph Street Triple R. |
15-04-17, 06:57 PM | #13 |
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Re: joined the property ladder
thanks peeps, tbh it's not fully sank in yet, just the great big hole in my bank account... lol
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15-04-17, 10:25 PM | #14 |
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Re: joined the property ladder
Money in a bank account these days earns nothing, at least property will continues to gain value (sure it has had some setbacks but only been short lived spikes, in medium / long term the direction has always been up).
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2016 SV650 AL7 Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain |
16-04-17, 07:16 AM | #15 |
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Re: joined the property ladder
My wife and I bought our first house back in the 80's with a modest mortgage but attracting 15% interest (those were the days!). We made a promise then to base our lifestyle and commitments around just my salary as we were planning kids and her income would therefore be variable and it was the best move we ever made. We saved pretty much all she made and when we moved to our second home we hardly had to top the mortgage up at all, likewise when we moved to the next house, which is where we still are today. It meant lean years at first which was hard when my mates were taking foreign holidays and driving round in new cars but after 15 years we were mortgage free and I'm sure reaping the benefits now.....
Having said all that I can see how hard it would be for kids to repeat that now. The cost of even starter homes here in the south is just plain daft but they also live in a society of must haves with a have it now, pay sometime later attitude. |
16-04-17, 09:33 AM | #16 | |
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Re: joined the property ladder
Quote:
I was talking to Bro-in-law the other day and he was on about chalets on golf courses which cost about £40K, his daughter (living at home but wants to be married) piped up 'well we would give you £40K for the (5 bedroom) house and you and mom could go and get a chalet (I would like to think she was joking, but unfortunately I think she was being more than half serious).
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2016 SV650 AL7 Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain |
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16-04-17, 10:26 AM | #17 |
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Re: joined the property ladder
Sorry. I don't get the anti PCP thing.
Would people be so keen to buy houses if their value dropped the longer you owned them. If you bought a house and 25 years later you had to pay to get rid of it would you be so willing to buy it, our party less and just rent? Monthly outgoing on PCP is less than purchase on a loan and that's the big difference from house rental/mortgage. |
16-04-17, 12:09 PM | #18 |
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Join Date: Jul 2012
Location: South Norfolk
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Re: joined the property ladder
I bought an Impreza on a PCP deal in 1998 and had the money to pay the lump sum after 3 years. Nineteen years later, I still have it so PCP can work if you buy the right car. I wanted an Impreza from the day I first read about it and a PCP deal was the best way of paying for it.
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Some say the cup is half empty, while others say it is half full. However, both are wrong; the real problem is the cup is too big. Honda 125 CG blown engine Gone to the great mechanic in the sky Naked SV650 K3 in Silver |
16-04-17, 12:15 PM | #19 |
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Re: joined the property ladder
PCP's make sense if you are going to keep replacing the car/bike every three years, you only really take the hit when you decide to get out of the deal, so I can see why they are so attractive. Owning a house isn't cheap either with ongoing maintenance etc but if I did the sums (we have) my house is still worth well over three times what I've ever spent on it so when we decide to get out we'll be laughing. Unfortunately the government have spotted this one and they are already making it harder to realise your assets, but for every problem there is always a solution, and we're working on it!
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16-04-17, 04:54 PM | #20 | |
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Re: joined the property ladder
Quote:
http://www.telegraph.co.uk/motoring/...long-term.html
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2016 SV650 AL7 Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain |
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