My Interest rate gamble pays off again!

chucknorris

economic wrote: »

if i had much more and could comfortably buy a bigger place with cash so it doesnt effect my living standard then i would do so.

That's the situation I was describing (if you had more), but for me (it is subjective it will mean different things to different people) luxury doesn't mean big, it just means big enough (i.e. an extra room for a gym, large enough lounge for 2 reasonably sized sofas (ours is not), located near to a train station AND a common/large park. Nice modern kitchen and bathroom.

Thrugelmir

chucknorris wrote: »

I can only guess that you don't have a nice bathroom and kitchen

Let me guess you of course do. As why else would you make such a derisory comment to a complete stranger on the internet. We've no need to impress our friends with pretentious displays of wealth. By spending money on aga's, granite worktops and marble tiles. Not our scene. You are welcome to that world. I prefer to focus on the things that do really matter that money cannot buy.

chucknorris

Thrugelmir wrote: »

Let me guess you of course do. As why else would you make such a derisory comment to a complete stranger on the internet. We've no need to impress our friends with pretentious displays of wealth. By spending money on aga's, granite worktops and marble tiles. Not our scene. You are welcome to that world. I prefer to focus on the things that do really matter that money cannot buy.

You didn't need to guess I have already posted it all above, I said that because we have an absolutely awful kitchen and bathroom which are over 20 years old (as I said above, more than once!), in fact, I suspect that they are probably older than 30 years, so I really don't know where you are coming from as I have lived here 12 years with them.

I wasn't making a derisory comment, I was trying to establish why your house is not luxurious! Perhaps you can tell me? Because as I said, if your house has a nice bathroom and kitchen then it is already luxurious (does that pass for an insult where you live?).

I also said that my only possession of any real value was my dog.

chucknorris wrote: »

right now we have a 20 year old kitchen and bathroom, and I'm looking forward to having a very modern house

I meant not having a dog, that is the only possession (he is more than that, but legally dogs are possessions) in life that I will value greatly.

economic

chucknorris wrote: »

You didn't need to guess I have already posted it all above, I said that because we have an absolutely awful kitchen and bathroom which are over 20 years old (as I said above, more than once!), in fact, I suspect that they are probably older than 30 years, so I really don't know where you are coming from as I have lived here 12 years with them.

I wasn't making a derisory comment, I was establishing why your house is not luxurious! Perhaps you can tell me?

I also said that my only possession of any real value was my dog.

i think Thrugelmir's simplistic approach confuses himself too.

chucknorris

economic wrote: »

i think Thrugelmir's simplistic approach confuses himself too.

I was actually (obviously) telling him that his house sounds ideal! But I didn't realise that it would offend him.

Thrug I take it back, you live in a sh*t hole! Sorry for any offence taken by you, from insinuating that your house was luxurious.

EDIT: Thrug given your previous form for misunderstanding humour, I feel that I should explain that the sh*t hole remark isn't meant to be taken seriously.

lisyloo

chucknorris wrote: »

I think that you might be misinterpreting what I mean by a 'luxury property', a luxury property to me, is one with a new(ish) kitchen and bathroom (both are currently over 20 years old in our house), and a lounge large enough for two large sofas, and an extra downstairs room that we could use for a gym, also (OK this might seem excessive to some) preferably backing onto (means my dog can be off lead and away from traffic) green land (but we would settle for being quite close) where I can go cycling, jogging and walking. That is what we want, and we would prefer it near Ashtead Common, as it is also near the train station (my wife wants to regularly visit her father in London).

The level of luxury is not really the issue.
What I'm saying is that some people don't value bricks and mortar or even possessions like you do.
Some people may prefer travel, living on a boat or a forest house or perhaps even doing voluntary service to others in poor areas where their accommodation would be very basic indeed.

It's not a judgment of anyone just a statement that we don't all want the same things.

chucknorris

lisyloo wrote: »

The level of luxury is not really the issue.
What I'm saying is that some people don't value bricks and mortar or even possessions like you do.

I don't particularly value possessions (if you exclude my dog, which I'm sure you will understand is much more than a mere 'possession').

chucknorris wrote: »

I meant not having a dog, that is the only possession (he is more than that, but legally dogs are possessions) in life that I will value greatly.[/B]

EDIT: I do like some possessions like my bike (bought over 20 years ago for £250), hiking boots, walking boots, trainers, bowls, tennis racket, but only because they allow me to do things (I think you mean different types of possessions like say watches, mine was £18, it is only a Timex, I do like it though because of the stop watch it has (which I use for running, hiking and cycling) I think the most expensive watch I have ever owned was £22).

goodfella321

Thrug & lisyloo, competing to be the one living in a hole in the ground and eating grit and "are glad to have it"... :rolleyes:

Please see 'four Yorkshiremen" montypython sketch on youtube for details...

goodfella321

Thrugelmir wrote: »

[I have] Spent 20 years living in a large detached property in a rural area....Substantial garden which was a buying criteria. In quiet town backwater location....

So you live in a large detached house in the countryside, yet begrudge & berate renovationman from doing exactly the same? Albeit at a time when houses aren't as cheap as your hsitorical purchase no doubt was....

As far as the investments are concerned, it's well documented on here that DD/RM went into cash prior to the GFC and bought back into funds at the bottom of the market. I believe he also periodically buys individual shares and made a lot of money on big fallers that then recover their market share. Again documented when Graham Devon demands proof.

What isn't documented is Thrugs relatively modest '46% gains' emerging market investment and how much the principle investment was... A £10k investment only makes £4600, a small gain for a year. I believe RM proved to graham that he mad ethat in a single week, with a single investment.....

Interestingly, investing in emerging markets when you're approaching retirement isn't a sensible investment approach. Most experts agree that you should be moving into gilts/bonds and safer investments. I find it difficult to believe that Thrug, the resident MSE doom monger would invest anything other than a few quid into a risky investment such as emerging markets...... :think:

mayonnaise

Thrugelmir wrote: »

I have no desire to live in a luxury house. Perfectly happy with a smaller humble abode. Far cheaper to maintain and run. My 0.35% above base rate life time tracker enable me to become mortgage free just over a year ago.

Thrugelmir wrote: »

Spent 20 years living in a large detached property in a rural area. As one gets older we have found that material things become far less important and location instead takes its place. We've a property that has more space than we actually use. Substantial garden which was a buying criteria. In quiet town backwater location. Which means we can walk everywhere. Cinema, restaurants, main line railway station, doctors etc etc. Had enough years of driving 11 miles to the nearest supermarket!

You lived 20 years in a large detached property, moved to a smaller humble abode and managed to pay off the mortgage on that last year. All that after a "Lifetime spent dealing with Finance" as per your profile. Well done Thruggy.