About 17 years sooner than expected...

Naturally I was throwing stones at the folk who bought in the past few years
on 4 times joint income mortgages!

 

good feeling, innit

 

Why don't you **** off to alt.smug.mortgate.free.gits where your sort
are tolerated?

Congrats, BTW.

 

3 years left for me.

Then I have to work out where the shortfall from the fucking endowments
is coming from, rather than holidaying with the surplus the bastards
promised me.

Ho hum.

--
Dan L

Too much time to think, too little to do.


http://thebikeshed.spaces.live.com/

2002 Triumph Sprint RS 955i (It's big, and it's black)
1996 Kawasaki ZR1100 Zephyr (Gone, but not forgotten)

BOTAFOT #140 (KotL 2005/6/7/8)
X-FOT#000
DIAABTCOD #26
BOMB#18 (slow)
OMF#11

 

Ha - house paid off, endowment matures next year

.... hope it's still worth more than the price of a pint by then

 

paid off my house about 3 years ago.. and I'm only 35 ! I'm in no
rush to move / buy another place either until the market turns
again .
It's kind of nice not having to worry 'bout it hey ? Saving my
money , but also looking at that R1 for sale

Si

 

I'd buy the bike now and worry about the mortgage later because who
knows what can happen tomorrow?

Seriously, we could knock lumps out of our mortgage if we wanted to
give up the holidays, new bikes/cars, eating out whenever we feel like
it, fucking off to Milan to go to the bike show etc but why bother?
Life's for enjoying and moneys for spending rather than "looking at
that R1".

 

No monthly drain for a start. And the knowledge that you can sell it yet
still live in it if needs must, will be something of a good feeling for lots
of old twats.

--
Beav

VN 750
Zed 1000
OMF# 19

 

I bought mine in 1979 and it's worth 12x what I paid. Not quite as good as
when I bought my mum and dad's house. That sold for just short of 20x what I
paid for it.


--
Beav

VN 750
Zed 1000
OMF# 19

 

Certainly is!

Yer still a jammy fecker, though!

 

That was the inspiration, yes.

 

I've already lost money on mine that I bought in 2006. However, it's
got a substantial way to go before it's in negative equity thankfully.

And by the time we come to sell in 2010 prices should have perked up a
bit. I never expected to make money on this one though, as we weren't
going to stay here long.

 

All those little annoyances at work that get you down are so much easier to
bear when you know you could tell your boss where to stick the job and not
have to worry about losing the roof over your head. Even if you have no
intention of leaving, knowing you could just walk away makes stressful
things less stressful.

 

damn "your" that is of course

--
Steve Parry
BMW R80RS, BMW R45, 03 BMW R1100S Boxercup, 07 K1200GT SE
95 BMW F650, 87 Yamaha FS1, Sukida SK90PY, 91 Kawasaki AR50,
07 VW Passat SE Estate for comfort
www.gwynfryn.co.uk

 

Which is why I'm glad I did clear things as soon as I could.

All my colleagues are getting very edgy about how they'll pay the
mortgage when we're laid off, which may force them to take jobs they
don't really want to do.

I have several months more time than them to find something I want to
do, not have to do to pay the bills.

 

I wouldn't bet the mortgage on it.

I've taken a bit of an interest in this whole thing, since we're
currently renting in Belg while sitting on the UK house sale proceeds,
and I just can't see what can drive house prices up (or even halt the
decline) in that sort of timescale.

The imminent recession and the banks' reluctance to lend high LTV
percentages can only keep applying downward pressure for the near future.

We're fortunate as we only need to make a decision in about 2011 but, if
we stay here, we might just rent for the duration and eventually buy
somewhere to retire to.

 

Well, you *could* get into negative equity if the housing crash is
*really* severe...

 

Shocking news! Worldly goods do not translate to happiness.

 

Unfortunately, a wife and baby can't live in gold bricks.

 

That's kinda that point I was trying to make.