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My mortgage is 450 and a doctor has bought the house either side and is renting em out for 750 a month.
Curious what I could need that would cost me an extra 3k a year every year to make it easier to rent than buy ?
I know the answer to this.
Car finance
Fancy mobile phone contract
Exotic foreign holidays at least twice a year.
Not everyone wants to save.0 -
What I want to know is how many people who can't afford to buy a property can afford car finance? I am only asking this because when I was younger I used to drive to work in a silver coloured car that had a green bonnet. The orignal bonnet had rusted so we got another one from a scrap yard but couldn't find one the same colour as the car. I don't see nearly as many cars now with odd coloured doors etc. The point with my car was that we considered buying a home much more important than having a new car or even a second hand newer one. If the old one still went you got a spare part from a scrap yard.
Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
https://www.theguardian.com/commentisfree/2017/may/08/credit-car-crash-sub-prime-crisis-cause-next-financial-collapse0 -
Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
https://www.theguardian.com/commentisfree/2017/may/08/credit-car-crash-sub-prime-crisis-cause-next-financial-collapse
The tagged on begging letter for a fiver a month is a nice touch....
:rotfl: Debt Ponzi a Go Go :money:0 -
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