UK GDP figures out this morning

[northernladyuk]

Last I heard he was going to leverage his rusty C++ skills to become a Mediterranean playboy millionaire.
Bit like AussieSchlong. Oh wait ....

The oligarchs can always do with an extra pole-choker pool boy.

[The_Equalizer]

Dunno why this surprises you. Britain's prosperity is largely a ponzi scheme built on the price of property.
You and I know that, most don't.

Britain's wealth is locked into property, forcing people to release equity for retirement | This is Money

I really shouldn't have, but I did have a quick read of that. It's saying a lot will have to downsize, which, isn't quite the same as not having two brass farthings to rub together. Anyway, hadn't you sell your place first before this crash thing happens?

[milanbenes]

I really shouldn't have, but I did have a quick read of that. It's saying a lot will have to downsize, which, isn't quite the same as not having two brass farthings to rub together. Anyway, hadn't you sell your place first before this crash thing happens?

the point is, let's say you are 60 planning to retire today and your family residence is worth 1million today and you sell it and buy something smaller for 500k and bank the other 500k to live off at 30k per year for the next 15 years

and now let's fast forward a few years time....

let's say you are 60 planning to retire today and your family residence was worth 1million a few years ago is now worth 600k today and you sell it and buy something smaller for 300k and bank the other 300k to live off at 30k per year for the next 10 years

you see the problem

Milan.

[northernladyuk]

the point is, let's say you are 60 planning to retire today and your family residence is worth 1million today and you sell it and buy something smaller for 500k and bank the other 500k to live off at 30k per year for the next 15 years

and now let's fast forward a few years time....

let's say you are 60 planning to retire today and your family residence was worth 1million a few years ago is now worth 600k today and you sell it and buy something smaller for 300k and bank the other 300k to live off at 30k per year for the next 10 years

you see the problem

Milan.

The price of freedom, my friend.

[The_Equalizer]

the point is, let's say you are 60 planning to retire today and your family residence is worth 1million today and you sell it and buy something smaller for 500k and bank the other 500k to live off at 30k per year for the next 15 years

and now let's fast forward a few years time....

let's say you are 60 planning to retire today and your family residence was worth 1million a few years ago is now worth 600k today and you sell it and buy something smaller for 250k and bank the other 250k to live off at 30k per year for the next 8 years

you see the problem

Milan.

So they don't get quite such a jolly retirement. Even under those circumstances it's not as if they'll be living on beans on toast sitting next to a one bar electric fire.

[northernladyuk]

So they don't get quite such a jolly retirement. Even under those circumstances it's not as if they'll be living on beans on toast sitting next to a one bar electric fire.

I guess some other poor sod gets the downgrade to that. Still, red, white and blue Brexit, eh?

[milanbenes]

So they don't get quite such a jolly retirement. Even under those circumstances it's not as if they'll be living on beans on toast sitting next to a one bar electric fire.

it all depends how long they expect to live doesn't it

Milan.

[The_Equalizer]

I guess some other poor sod gets the downgrade to that. Still, red, white and blue Brexit, eh?

Just as good as the green, white and gold property boom which I see is well underway again.

[BlasterBates]

So they don't get quite such a jolly retirement. Even under those circumstances it's not as if they'll be living on beans on toast sitting next to a one bar electric fire.

So to summarise, life won't be as jolly but the courts will still be under the ECJ thumb, the UK will still be making huge contributions to the EU budget, the UK will still be in a customs union, will implement the EU regulations and freedom of movement will continue.

However those of us Euro assets will be much better off.

[The_Equalizer]

So to summarise, life won't be as jolly but the courts will still be under the ECJ thumb, the UK will still be making huge contributions to the EU budget, the UK will still be in a customs union, will implement the EU regulations and freedom of movement will continue.

However those of us Euro assets will be much better off.

I take it you're coming back then.