Dave T-S

Even with the way prices have gone, there is still probably £400,000 equity in the house and it is saleable. So, if it all goes **** up, we sell it (it's a desirable house in an affluent area) and buy something perfectly decent for cash

Oh, and if that sounds like i'm bragging, i'm not. Those on here that have known me long enough will know how I came by some of the money

Matteeboy

Dave - just pray you don't need to sell it for a while.
Honestly I've seen £700k houses going for silly prices recently. And those are just the ones that are actually selling. Just sit on it and hope for the best. The way the market is going, even that "safe" equity could be dodgy.

I can guess how you got some of the deposit - sorry to hear that. Makes the house even more than just a home I guess?

Dave T-S

It was bought as a home to live in and we love the house. We have no intention of moving, particularly as after an extension, refurbing the old part of the house and other various bits and pieces it owes us about £250,000 more than it is currently worth - certainly not going to worry about that as we have no control over it

I've had to start over from scratch twice already in my life and getting a bit too old to want to do it again, but whatever happens will happen.....

davyboy

If you earn between 100k and 200k a year, it's not so much of a worry I guess. Likewise spending 50% of your take home salary on a mortgage on 200K a year, really is not that much to worry about for some.

Scoobychick

iTrader: (1)

True

How are things at T-S Towers? Still got the west wing open to the public?

Matteeboy

IGNORE THIS THREAD. IT WAS CR4P

davyboy

Matteeboy, you may not have noticed but this thread is not about YOU.

But well done, you managed to squeeze it in yet again, how wonderful YOUR situation is. I'm pleased for you, really I am

Now tell me about the Astra again, or the boat/family/rich mates again....I've missed ya!

Matteeboy

No problem. You can then tell me how everything has gone t1ts up for you and how you like to post 10,000++ threads poking bitter comments at anyone better off than you... Each dig says an awful lot about you.

davyboy

You might have to wait for the **** up post

Apart from a serious dose of Man Flu, life coudn't be better....and it has little to do with Finance. Saying that I have just committed to spending over £4k this week.....of my own money....yep, not a loan. I must be mad.

Matteeboy

Committed to spending £4k? Are you mad? Not sure but you must be LOADED to have access to those sort of funds...

davyboy

I'm glad you missed the point of that.

SiPie

Saved me having to post that.....

To think that only last week I was wishing our long lost friend congratulations on his new born (which still stands true BTW) but know I'm bored stupid by him all over again.

Me me me me me me me me me me me me me me me me

Matteeboy

Sorry Si. Tell me all about YOU. And Davy too.
Please?!

SiPie

Matteboy...

Don't take it personally as people can come across in strange ways on the internet.

Your 'internet persona' reminds me of an old football coach I had at school who we all used to call 'Avdun'.......as in 'I've done' this and 'I've done' that. Don't know what it is but you just have the ability to annoy me on here...

Nothing personal, you simply can't like (or expected to be liked by) all the people on this planet

Still genuinely glad for you and your good lady

Chris L

He's not - I can vouch for Dave (how are you BTW! )

We're in interesting position at the moment. Made the decision to sell my house last June, which has turned out to be a very good move Currently renting a flat with a view to buying somewhere in the Brighton area. I'm lucky in that by selling my last house and making a few quid, I have enough to cover a decent deposit, so therefore I do have the choice of maybe renting and keeing the money or buying somewhere.

I saw the Money Programme last night and it made interesting viewing. I'm still swaying towards buying another place - prices have finally started to drop (although most vendors are still living in cloud cuckoo land with regards to their asking prices) and with the hopefully better mortage deals, it won't be a problem to afford the repayments. We're also looking medium long term as to how long we will stay.

I think I will view a few more places and then make a decision...

Chris

njkmrs

This post is just getting better .

njkmrs

I've had to start over from scratch twice already in my life and getting a bit too old to want to do it again, but whatever happens will happen.....[/QUOTE]

Exactly .The worse that can happen is you start again from scratch .
He who has never failed ,has never done anything .

Good on ur !!!

njkmrs

Well, just had my letters for the mortgages.Nice reductions .
Crimbo is looking better all round .
Maybe more than just a tangerine and selection box going in the kids xmas stocking .
I like recession .
Pressure is off for a while .Sleep like a log again .!!!!
May even start looking for that Trackday toy I have been hankering after .
See the bank manager on Monday about a loan ?

Dave T-S

Hello, yer sexy bird

Skint, but reasonably happy. How about you?

Dave T-S

Hi Chris

I'm not bad, ta, hope you are too

Seem to be living surrounded by animals at the moment - legacy of being married to a vet I suppose

Current score is:

2 gundogs
1 cat
2 cows
6 sheep
11 chickens
About 80 ducks
1 pony

It's a bit like old McDonalds farm

EddScott

Good man! Thats what I like to see. The world gone to **** due to population wanting more than they can afford.

I was going to settle on a V4 STI but with recent events I'm going all out for a V5 Type R.

zip106

I pick my new truck up tomorrow

Just thought I'd tell you.

EddScott

You only win if at least 50% is on finance

zip106

I win then

(although the dealer has paid my deposit for me )

EddScott

Nice.

In these thread everyone tries to make out how much better their current lot is than the next. No one will admit they have debts and it degenerates into ePenis waving.

I do have debt and I would get myself into more debt to buy a car that depreciates faster than its fuel needle. Clearly not the right thing to do buts what I would do. Its certainly very tempting anyway, if my "hobby" pocket money wasn't being used elsewhere I'd probably have one by now.

fast bloke

Aw **** - You used to be the person who I most respected on Scoobynet..... but you are owned by a cat

fast bloke

Yeah - That is France. Has continental drift speeded up so much that Cornwall made it to France in 1988?

fast bloke

I don't even think about it (unless Matteboy tells me I am stupid.) - It is just another direct debit that needs covered. I know what I need to make to keep everyone happy, then I add on what I need to make me happy, then I work out how to earn it. Might be financial services, might be fitting kitchens, might be hanging doors, might be fixing computers. Can't include working 40 hours in the same week. That is it really. Work out your skills, work out how you can utilise them, and then do it. If I didn't have a pile of alternative ways to make money and relied on a single skill, then I would probably be sh1tting myself, but if that was the case then I wouldn't have bought this house