hodgy0_2

We went to the Seafood Resturant in January, took the Rock / Padstow ferry

Very nice, £700 bill though, so not one for every Friday night

Matteeboy

Hope there were a lot of you!

Been there half a dozen times - always good but the Bistro feels more relaxed. Others are well on a par with their food but it does feel like a special place to go especially after the recent mega refurb.

hodgy0_2

Was there with the Road's

Yes the bistro is nice

Have never had the patience to queue for the fish and chips though

Mother in law went to Nathan Outlaw's, and said that was very nice too

john banks

Matteeboy, I like to run against the herd to some degree, now it is unfashionable to borrow with lots of people paying it down. I'm negotiating new unsecured lending that after tax relief is effectively 1.33%, gets me a 50% share in our partnership and clears our domestic mortgage by the time I will be 40. Business is loaded up with debt but the cash flow including repayments over 10 years is similar to renting rather than owning business premises with a mortgage. In these circumstances I really want to borrow!

hodgy0_2

Proper use of debt is the most effective financial too ever invented

Leverage it correctly and you can literally become a millionaire using other peoples money

With very little risk to your own

Matteeboy

Indeed and in the real boom, private equity firms were the masters of leverage. Annoyingly, I'm not.

Dingdongler

Hi John

How on earth did you get that? Is it a special rate because the purpose of the loan is for investment in a medical practice?

john banks

Yes, have a high LTV on the building already but they will hopefully lend more because there are other assets although they cannot be security we are classified as very low risk.

tony de wonderful

Of course, the NHS is an essential public service.

T20Driver

iTrader: (3)

Love Polzeath ... used to go there many a year for camping and surfing with the family .. my son still goes with his mates.

Ooops Off Topic ... soz

GlesgaKiss

It depends on your definition of relatively safe. A few years ago, a lot of good quality, big-name businesses had dividend yields over 6%. Now share prices have risen as if the economic situation has markedly improved when it hasn't, and yields are lower. I grudge buying utility companies, for instance, where yields have dropped to 5% or less when there is the added worry of the share price reverting quite easily to where it was a few years ago.

Bonds pay naff all and there is the prospect of being stuck with them when prices inevitably fall.

So a guaranteed 2% or so in a cash isa or something seems quite attractive in comparison.

My point was basically a bit of a whinge at the fact returns are so crap for savers. Dividend-paying stocks were the last refuge a year or two ago, but now they are looking less attractive too.

GlesgaKiss

Quite annoying working hard and saving to get eff all for it, or to actually lose some of it every year when the rate of inflation is above the interest rate on any savings account.

madscoob

iTrader: (3)

i wonder how long it will be before the BTL brigade are crying to the bank manager, now housing benefit is being slasher to f all

hodgy0_2

Work harder I am afraid

GlesgaKiss

Oh I've resigned myself to that, don't worry!

Chip

At £500 a week it won't make a difference to 90% of landlords anyway.

Chip

I don't know. You can still get good returns form the big utilities and being regulated they don't seem to have such large fluctuations in their share price.

tony de wonderful

It's no way to live.

hodgy0_2

Well I would worry tbh, because 98.2% of people will eventually realise that simply "working harder" is NOT enough

Last time I looked 98.2% of the people on this planet work pretty hard

GlesgaKiss

Shame many of them like to p*ss their hard earned cash up the wall and the rest of us have to bail them out.

hodgy0_2

You keep sucking up that propaganda glesga

They are all living it up on your tax money

A whole planet full of scroungers, it is a wonder it keeps turning

madscoob

iTrader: (3)

and you honestly think paying the rent will be top of thier list of priorities, i know a couple with 5 kids that have just had the housing benefit slashed from £112 a week to fifty pence,

GlesgaKiss

Try harder. I wasn't talking about tax money.

cookstar

iTrader: (6)

All the landlords I know (and that's a few, including myself), just don't let to anyone in receipt of HB. I can see this becoming more and more common now.

hodgy0_2

ahh, are you talking about the money you have spent bailing out the economy

ditchmyster

iTrader: (7)

Just as it should be, WTF are they doing having 5 kids if they can't afford it?

**** em I say, it might actually instil a decent work ethic into the kids and stop them having 5 each and expecting the state / the rest of us to subsidise them.

They should both get better jobs or sell their ***** if they can't afford to live, which will at least make them think long and hard before they knock out any more sprogs.

Chip

Matteeboy

Agreed - having kids used to be a ticket to a "free" income. Now it isn't - basic economics - if you can't afford kids, don't have them.

Chip

And the reason for this cut is??

Oh yeah , because of the £100s of other benefits they are probably getting. Why not pop around tell him to keep his **** inside his trousers and get off his fat **** and get a job like the rest of us.

tony de wonderful

Only the 'right sort' of people should breed eh?