Reply to: Can you live on £2.5K a month???

[expat]

If you own a house and pay no mortgage you can survive on well under a 1K a month. This is precisely why renting all of your life is such a bad idea.
Think about it, those people that keep knocking home ownership !!

If you own a house and pay no mortgage, then (if you have bought it yourself) you have already paid out, that is why you don't have to pay out now.

House price inflation apart, the choice is more or less arithmetically neutral. Of course it only compares if the renter puts aside a monthly amount corresponding to the buyer's capital repayment (interest and rent correspond).


I have thought about it, and although I do own a house (on a mortgage), I can't say that I am very enthusiastic about it financially. But then I bought it to have somewhere to live, not to speculate.

(PS as a contractor, why do I have a mortgage? Well, I have paid off a mortgage but that house doesn't belong to me any more).

[HairyArsedBloke]

In my greener days it wouldn't cover the bar bill.

Later it woulddn't cover the medical bills.

Now it's more than I have to live on per year.

[Peoplesoft bloke]

2.5k...well thats the mortgage covered then.

WHS

[bedlington83]

would this be an SE Sir?

No - just modded by both me and the Japanese guy who had it before me. (Although I wish he hadn't replaced the nose cone with the one it has now)

[alreadypacked]

you've now got another..... I like your taste in underware


KIDDIN

[roadster198]

I may have to move I have a stalker

you've now got another..... I like your taste in underware


KIDDIN

[alreadypacked]

don't YOU! need 2.5K per week to live in Docklands

I may have to move I have a stalker

[roadster198]

Why isn't there a 'winking hand' emoticon on this board Ferret?

Don't be mean I love things with engines in them

[alreadypacked]

No I'm stalking you now so that's fair game.

Yum, I have a stalker, is there a handbook/owners manual.

[roadster198]

Doh! I miss read the title, I though it was 2.5K a week, not a problem

don't YOU! need 2.5K per week to live in Docklands

[bogeyman]

As in Porsche Boxster S

had two Mx-5's a mark 1 and a Mark 2.5 (you'll know what this means if your REALLY into them) young Jedi

both probably the best cars I've ever owned servicing only no other faults although now my wee Fiat 500 seems to be fixed it could be about to enter my top 10

Why isn't there a 'winking hand' emoticon on this board Ferret?

[roadster198]

94 1.8 BRG with tan roof, chrome wheels, fake wood trim, real wood steering wheel & retro instrument panel

would this be an SE Sir?

[roadster198]

Roadster, as in, Eunos Roadster? If so, what are your details?

Me - I have a 92 V-spec, and loving it.....

As in Porsche Boxster S

had two Mx-5's a mark 1 and a Mark 2.5 (you'll know what this means if your REALLY into them) young Jedi

both probably the best cars I've ever owned servicing only no other faults although now my wee Fiat 500 seems to be fixed it could be about to enter my top 10

[bogeyman]

Wrong thread

No I'm stalking you now so that's fair game.

[alreadypacked]

Yeah. About this new apartment...

Wrong thread