Why are people in this country so stupid?

peterg1965

..and what does DH stand for???

Hereward

peterg1965 wrote:

..and what does DH stand for???

DH = Dear Husband
DW = Dear Wife
OH = Other Half

prudryden

Hereward wrote:

DH = Dear Husband
DW = Dear Wife
OH = Other Half

DLL = Dear Landlord
DLA = Dear Letting Agent
DT = Dear Tenant
DEA = Dear Estate Agent

Hereward

prudryden wrote:

DLL = Dear Landlord
DLA = Dear Letting Agent
DT = Dear Tenant
DEA = Dear Estate Agent

:rotfl: :rotfl: :rotfl:

bunking_off

Alan_M wrote:

Who offers fixed mortgages for 20 + years? And if they are offering it, at what rate compared to current base rate?

Try Cheshire at 5.97% or Kent at 5.5%.

The problem, as others have said, is that it can be costly if rates fall. I was locked into a 10 yr fix at 8.99% a few years ago, and at the time the going rate for a 25 yr fix was 10%. I guess at the rates above, the potential downside isn't so great.

lilac_lady

Going back to the OP, no matter how much or little you earn if you don't live within YOUR means you store up trouble for the future. If you lose your job or become ill it must be a lot more stressful if you have debt to pay. You don't need the added worry. Having said that, I realise that circumstanxces can throw people into debt through no fault of their own. They're the ones who do everything in their power to clear it, not add to it for "fripperies".

mrsc_4

We have a nice house, rather a reasonable mortgage (no fixed rate for us), no cars (we don't drive pay over £500 on combined train season tickets instead!!!) have nice holidays and nice gadgets in our house.

But we live within our means we have no debt other than our mortgage, if one of us lost our job then we would still be able to afford the house thats the most important thing.

We are fortunate we have friends who are simular to us but rack everything up on credit cards and then have a huge loan to clear them! We use our credit card for everything but we pay it off each month and then use the cash back points at christmas to pay for the christmas presents.

Everyone seems to live to their means but you need to stay within them and thats what Britain doesn't do any more as someone else says debt isn't considered bad anymore personally I think it is.

nogginthenog

mrsc wrote:

We have a nice house, rather a reasonable mortgage (no fixed rate for us), no cars (we don't drive pay over £500 on combined train season tickets instead!!!) have nice holidays and nice gadgets in our house.

But we live within our means we have no debt other than our mortgage, if one of us lost our job then we would still be able to afford the house thats the most important thing.

We are fortunate we have friends who are simular to us but rack everything up on credit cards and then have a huge loan to clear them! We use our credit card for everything but we pay it off each month and then use the cash back points at christmas to pay for the christmas presents.

Everyone seems to live to their means but you need to stay within them and thats what Britain doesn't do any more as someone else says debt isn't considered bad anymore personally I think it is.

Great post! nice to know some people are still content with their lot in this world.Debt can be very bad for some people and be a blight on their lives,i have known people who have owed money to door to door money lenders and
have been given the option of selling drugs to help pay the debt off,at times i just cannot believe it is the 21st century

Conrad

The OP should realise that debt is'nt all bad.

My aim is to retire by age 50 on a take - home income of at least £3000 per month, although take - home £5000 per month ideally, WITHOUT HAVING TO SELL MY HOME AND DOWNSIZE.

In order to meet this I aim to have assets (excluding main home) of between £1.2 - £2million.

For me that meant taking a few risks with mortgage money borrowed at just over 4%. So far so good.

Im not one for repaying the mortgage, Ill do that at retirment by selling one property.
I dont rely on UK B2L, Ive bought property here and there (Germany, Morocco, Caribbean etc). Currently trying to buy a high street retail premises in prime location - such units only come up once in a lifetime here so supply is non existant which means my yield will be at least 10%, or I could repay my resi mortgage, naaaaa boring.

Conrad

mingymoo wrote:

unfulfilled feeling that results from efforts to keep up with the Joneses. (PBS)

Some of us dont aspire to 'keep up with the Jones's', instead we want to work smart in order to retire early so that we may then have a full life rather than an existance.

I cant wait to learn to surf on Wakatobi (isolated Malaysian atol), spend lost days rock pooling and cooking wild food in Cornwall/Scotland, spending hours per day perfecting my Israeli martial arts (Kravmaga), giving time to chartible work (Orphans abroad and rainforest concern), skiing, making dance music.

Boredom - no such thing in my book