Gemmill 45997 Posted November 1, 2017 Share Posted November 1, 2017 Mortgage basically. Although I've got a plan to hopefully kick the fuck out of that in the next while. I haven't got/don't want kids which helps with any plan to do something different I suppose. Link to comment Share on other sites More sharing options...
Howmanheyman 33819 Posted November 1, 2017 Share Posted November 1, 2017 6 minutes ago, Gemmill said: 31 and three quarters? And he's still profoundly in love with Pandora. Link to comment Share on other sites More sharing options...
Rayvin 5294 Posted November 1, 2017 Share Posted November 1, 2017 2 minutes ago, Gemmill said: Mortgage basically. Although I've got a plan to hopefully kick the fuck out of that in the next while. I haven't got/don't want kids which helps with any plan to do something different I suppose. Yeah makes sense. I'm kinda torn on this one because I'm basically ready to buy a house now, but feel that I should be happy in my life before I do, or risk being tied down to making sure I can afford to keep it. But then, the longer I wait, the longer I'm not financially 'free'. Link to comment Share on other sites More sharing options...
Park Life 71 Posted November 1, 2017 Author Share Posted November 1, 2017 24 minutes ago, Rayvin said: I'm not sure I have any significant regrets yet tbh, but I suspect they're around the corner. Wasting all that time learning Chinese when the menus are in English. 1 Link to comment Share on other sites More sharing options...
Andrew 4855 Posted November 1, 2017 Share Posted November 1, 2017 Didn't go and see my Grandad enough in hospital before he died. Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3957 Posted November 1, 2017 Share Posted November 1, 2017 Rien Link to comment Share on other sites More sharing options...
Rayvin 5294 Posted November 1, 2017 Share Posted November 1, 2017 Just now, Park Life said: Wasting all that time learning Chinese when the menus are in English. Agree that Chinese is unlikely to help me over the course of my life. Still would do it anyway if I had to do everything again. Wouldn't be where I am without it. Link to comment Share on other sites More sharing options...
Gemmill 45997 Posted November 1, 2017 Share Posted November 1, 2017 1 minute ago, Rayvin said: Yeah makes sense. I'm kinda torn on this one because I'm basically ready to buy a house now, but feel that I should be happy in my life before I do, or risk being tied down to making sure I can afford to keep it. But then, the longer I wait, the longer I'm not financially 'free'. There's a lot to be said for just renting imo. Makes sense to size your house purchase to whatever job it is that makes you happy though. Otherwise you're trapped. 1 Link to comment Share on other sites More sharing options...
Park Life 71 Posted November 1, 2017 Author Share Posted November 1, 2017 1 minute ago, Rayvin said: Agree that Chinese is unlikely to help me over the course of my life. Still would do it anyway if I had to do everything again. Wouldn't be where I am without it. I tried to learn Japanese but but it was taking whale too long... Link to comment Share on other sites More sharing options...
Gemmill 45997 Posted November 1, 2017 Share Posted November 1, 2017 1 minute ago, Park Life said: I tried to learn Japanese but but it was taking whale too long... whaling puns. Link to comment Share on other sites More sharing options...
Ayatollah Hermione 14043 Posted November 1, 2017 Share Posted November 1, 2017 Bucking your ma was a big regret Link to comment Share on other sites More sharing options...
Kid Dynamite 7167 Posted November 1, 2017 Share Posted November 1, 2017 26 minutes ago, Gemmill said: There's a lot to be said for just renting imo. Makes sense to size your house purchase to whatever job it is that makes you happy though. Otherwise you're trapped. The flip side is if you can get a decent mortgage paid off by the time you are 55 (£200-300k) you're not trapped by the state into working until your 67 to get a pension. Link to comment Share on other sites More sharing options...
Gemmill 45997 Posted November 1, 2017 Share Posted November 1, 2017 I'm targeting 49. I've got a spreadsheet and everything. Link to comment Share on other sites More sharing options...
ewerk 31195 Posted November 1, 2017 Share Posted November 1, 2017 50 minutes ago, Gemmill said: There's a lot to be said for just renting imo. How do you figure? Link to comment Share on other sites More sharing options...
Dr Gloom 22137 Posted November 1, 2017 Share Posted November 1, 2017 1 hour ago, Christmas Tree said: Youve got years left. I was nearly 40 before I discovered taxi driving. i was nearly 36 when i discovered I had a chronic lower back condition Link to comment Share on other sites More sharing options...
Dr Gloom 22137 Posted November 1, 2017 Share Posted November 1, 2017 1 hour ago, Andrew said: Didn't go and see my Grandad enough in hospital before he died. i know how this feels. 1 hour ago, Gemmill said: There's a lot to be said for just renting imo. Makes sense to size your house purchase to whatever job it is that makes you happy though. Otherwise you're trapped. the best financial move i ever made in my life, without a doubt, was buying a one bedroom flat in london in 2003. i was shitting myself before we got it, convinced there was a housing crash around the corner, which obviously never happened even after a global financial crisis. Link to comment Share on other sites More sharing options...
Christmas Tree 4820 Posted November 1, 2017 Share Posted November 1, 2017 The street I live in, 2 houses are rented at £1000 a month where as we pay £200 a month mortgage. Your mortgage payment always gets relatively smaller where as your rent always grows. No brainer if you can get on the ladder. Link to comment Share on other sites More sharing options...
Christmas Tree 4820 Posted November 1, 2017 Share Posted November 1, 2017 That said, the financial crash made a massive difference. Saved me about £24,000 in payments so far. Link to comment Share on other sites More sharing options...
Dr Gloom 22137 Posted November 1, 2017 Share Posted November 1, 2017 (edited) the bit about being trapped, i don't really get either. if you decide you want to move or make a radical change in your life, you have an asset to sell with equity to take with you into whatever it is you end up doing. or if the market falls through its arse you can always rent the property. Edited November 1, 2017 by Dr Gloom Link to comment Share on other sites More sharing options...
Meenzer 15716 Posted November 1, 2017 Share Posted November 1, 2017 Because of the way Londonomics have moved, buying now would mean a huge downturn in quality of life (in terms of location and property size) that I'm not willing to accept even if we could properly afford it and wanted to pay the ludicrous asking price for some soulless Zone 5 cackhole. Admittedly it does help that we've got landlords who haven't raised the rent since we moved in five years ago because they're happy we're looking after the place and they've had useless tenants in the past. A lot of private landlords are pretty terrible by comparison. Anyway, we're renting for the time being and tucking a bit away each month which, all else being equal for the next 25-30 years , would mean being able to buy a place to retire to in the north outright when the time comes. That'll do as far as long-term planning is concerned, given absolutely anything could happen post-Brexit. Meanwhile: lovely local community and proximity to airports, gig venues and the theatre, dahling. It's alreet. Obviously I'm secretly waiting for the fella to get bored of the place and fall in love with the Northumberland coast instead, but that might be a bit of an ask. 1 Link to comment Share on other sites More sharing options...
Dr Gloom 22137 Posted November 1, 2017 Share Posted November 1, 2017 7 minutes ago, Meenzer said: Because of the way Londonomics have moved, buying now would mean a huge downturn in quality of life (in terms of location and property size) that I'm not willing to accept even if we could properly afford it and wanted to pay the ludicrous asking price for some soulless Zone 5 cackhole. Admittedly it does help that we've got landlords who haven't raised the rent since we moved in five years ago because they're happy we're looking after the place and they've had useless tenants in the past. A lot of private landlords are pretty terrible by comparison. Anyway, we're renting for the time being and tucking a bit away each month which, all else being equal for the next 25-30 years , would mean being able to buy a place to retire to in the north outright when the time comes. That'll do as far as long-term planning is concerned, given absolutely anything could happen post-Brexit. Meanwhile: lovely local community and proximity to airports, gig venues and the theatre, dahling. It's alreet. Obviously I'm secretly waiting for the fella to get bored of the place and fall in love with the Northumberland coast instead, but that might be a bit of an ask. Getting on the ladder in London now is pretty much impossible for young people unless they’re incredibly wealthy or have the incredibly generous parents. It’s sad. When I moved here it was still relatively affordability for people on a typical London income rather than a pipe dream. While I’ve personally benefited from trading up as prices increased, the whole thing is fucked. All the more galling when social housing estates are being demolished and replaced with “affordable” housing that few people can afford while at the top end the luxury apartments propping the market up are bought by Arab or Chinese investors and sit empty. Link to comment Share on other sites More sharing options...
Kid Dynamite 7167 Posted November 1, 2017 Share Posted November 1, 2017 35 minutes ago, Christmas Tree said: That said, the financial crash made a massive difference. Saved me about £24,000 in payments so far. Which I assume you pumped back into the mortgage to get it paid off quicker? Link to comment Share on other sites More sharing options...
Christmas Tree 4820 Posted November 1, 2017 Share Posted November 1, 2017 6 minutes ago, Kid Dynamite said: Which I assume you pumped back into the mortgage to get it paid off quicker? No, just lived a bit easier. Link to comment Share on other sites More sharing options...
Alex 35567 Posted November 1, 2017 Share Posted November 1, 2017 That's a lot of Haven holidays tbf Link to comment Share on other sites More sharing options...
Gemmill 45997 Posted November 1, 2017 Share Posted November 1, 2017 7 minutes ago, Christmas Tree said: No, just lived a bit easier. Metal detector, telescope... That sort of easy living? Link to comment Share on other sites More sharing options...
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