Everything is going to ruin in order to save the over indebted property bubble.

Kenny4315

The_Fox wrote: »

When he was bragging about what he owned and sneering at those that could not buy he really could not see what a vulgar little man that he is, they just can't see it!!

whoops .... appears a lack of consistency again has come out of your postings......:whistle:

Thrugelmir

wolvoman wrote: »

I
3. You run a business and don't want to borrow money? How do you grow your business then? How will you afford to buy those new premises you need? Or to pay for those 2 extra sales people? I guess you could re-invest profit, but that will take many years and by that time your competitors will have taken a loan and beaten you to it.

The key is making a profit. Recruiting those extra sales people is a huge cost. May take 6 to 12 months to cover their own costs let alone generate a profit for the business. Thats if they prove any good at their job.

Building a business takes time.

paul1964_2

Conrad wrote: »

Mate I'm bullish, but bragging about possesions and wealth is about the most shallow foul thing I can think of.
It's uttely meaningless and would'nt impress me for a second, in fact where I live there are some people like you in the village and the rest of us (some of whom are quietly wealthy) consider these people with thier range rover sports, pretty vulgar.

We humour them, but in reality these people are not admired or liked.

We have one such braggart who seems to have no friends and tries to tag along with our group. We call him "Harry" after the Harry Enfield "Loadsamoney" character, but he just won't take the hint.

I guess when such people eventually realise how much they are despised in the real world, they go online to do their bragging.

Pennywise

wolvoman wrote: »

3. You run a business and don't want to borrow money? How do you grow your business then? How will you afford to buy those new premises you need? Or to pay for those 2 extra sales people? I guess you could re-invest profit, but that will take many years and by that time your competitors will have taken a loan and beaten you to it.

Plenty of businesses grow without taking on debt. True, it takes a little longer, but the results are far better because the management aren't obsessed with finding time to bum-lick the bank manager to get the loan nor finding money to service the debt which reduces long term cash flow and profits!

I've one client who have £400k in their bank account with which they're about to buy a warehouse. They started with £225 and have built their business over just six years and now have a turnover of £1.5m, profit of £500k and 15 staff - all without even so much as an overdraft and nothing at all on lease or HP etc. That business is nothing special - started as a husband/wife selling household/kitchen items via a website. The thing is that having no debt means that they can far better absorb the quiet times, trade through and come back stronger instead of risking bankruptcy.

I think too many businesses try to grow too quick too soon, waste money on non-essentials (like high wages for the proprietors, fancy cars, etc), and don't think properly about the true cost of their borrowings, i.e. the interest, repayments over many years - often long after the original asset isn't used anymore. Of course, in some businesses, you "have to" borrow, especially in a high start-up cost sector, but even then you can still achieve quite a lot with minimum debt exposure by careful planning etc and exploring all options instead of just jumping in, getting a huge loan and buying everything you think you may need, which a lot of people seem to think is essential.

Thrugelmir

Pennywise wrote: »

Plenty of businesses grow without taking on debt. True, it takes a little longer, but the results are far better because the management aren't obsessed with finding time to bum-lick the bank manager to get the loan nor finding money to service the debt which reduces long term cash flow and profits!

Even the Private Equity sector is turning towards improvement in operational activity than than financial engineering to make a profit out of their investments. Seems as if we have reached the end of an era,

StevieJ

Spot the accountants, good job they are not running proper businesses, ( I don't include you there Really ).

The_Fox_3

Kenny4315 wrote: »

foxy you are a tool .... don't post if you don't like a factual retort (without crying like a baby) ... that illustrates I and a whole host of other property owners aren't in the ...t, whether it goes up down or stays the same. If you don't like the answers don't make the accussations.

You and your kind are simply jealous of those who have property as you are unable to buy one, because it's someone else fault, stop moaning about it and pull your finger out. Nobody handed it to me on a plate, my old mans a painter and mother a housewife, so what I have is off my own back.

Oh Dear:rotfl:

LydiaJ

IveSeenTheLight wrote: »

It will still cost him to support his wife and children.
I think this is somehwere in the region of 15% of take home pay.

If there is no mortgage on the 4 bed house, it's still circa £7,500 per year (£630 per month) towards the previous family.
Add that to the rent he's paying and about half his salary will be going to rent / previous family.

He's still going to have to pay utilities, food etc for his new family, so it's wuickly eating into his salary.

Your saying now he could afford to buy, but earlier you said he couldn't. Which is it?

He's earning £65k and has 3 kids, so you think £630pm is an appropriate level of maintenance for him to pay for them????? It may be the amount the CSA will enforce, but if he's the "putting the kids first" kind of guy you say he is, he'll want their non-earning mother to have a bit more than that to provide for them with.

Late-nearly-ex was offering to pay me more than that, for two kids rather than three, from a lower salary (~£50k), and despite the fact that I work (just over 50% of FTE).

DpchMd

The_Fox wrote: »

I had a wonderfull day yesterday after a 6 weeks of hectic work, i had to do a lot of driving and snagging problems with a few of my customers. Driving around the Suffolk and North Essex countryside in what was like a wonderfull spring day.

My only problem was leaving the radio on BBC Five Live and taken too much notice of the news when i did listen to the music channels.
Yesterday i heard more of the damage that spending cuts will cause, and i became a little angry.

There was me driving around these wonderfull villages that i have know so well over the years, only to witness great village pubs that have been open since i could walk, also they were there in my parents and grandparents younger days, now boarded up.:mad:

People sometimes blame cheap tescos booze, and it is partly to blame. But the biggest obstacle to many landlord/ladys is the crippling rents/rates on these now expensive propertys.

Back to the radio, and then i hear about swimming pools closing down, libary's closing, these are wonderfull places for so many reasons.
And to top it all off we have nearly all public lavertory's in some big citys being closed down, WE ARE GOING BACKWARDS AS A CIVILISED NATION:mad:, what do we all do now, p*** in the street.

And then again on the Radio i hear news about the tiny tax that banks must now pay, Ohhh, and they are ever so angry you know, yeah right!!
But then this idiot come on to talk about the economy and the fact that nasty banks will not lend and that they MUST, he must have said that ftb's MUST be loaned money again about a half a dozen times at least, " it's for the good of the economy" he said.

Well i run my own business, and i don't need no borrowed money and don't want any borrowed money, who is this bloke trying to kid, along with millions of others it's all about saving over indebted idiots that never planned for the future. I also cannot afford the home i deserve(yes i said it) for what i do and for what i plough into the economy. And before anyone has anything to say about that remark(and i know they will) i would be happy with an average type of house as a bloke that is in the top 15% of tax payers.

We cannot keep essential and good services open because we have to keep high house prices up, and we all know thats what it is all about, WE ARE GOING BACKWARDS FOR F*** SAKE.

Let the property market crash, let things find their own level, and once they do we can dust ourselves down and make create decent place to live. Maybe if not all our resources as individuals were going into crappy property we might be able to solve half of our problems as a nation one being having somewhere to !!!! when we leave home.

WHEN ARE GOING TO STOP LETTING THE OVERDEBTED EFFECT ALL OUR LIVES:mad:

Fox

Cool story bro

BobQ

DpchMd wrote: »

Cool story bro

Who else but The Fox would bump two threads started by The Fox. Why would anyone read this stuff all over again?