stupid beliefs about finance

JimmyTheWig

jimjames wrote: »

Rent increases with inflation, mortgage payments don't. So even if rent and mortgage are the same amount now in 25 years the rent will have risen but mortgage will be the same (assuming constant interest rates).

Rent inflation is not linked to buildings insurance.

Rent inflation is somewhat linked to house price inflation. So in a period of falling prices, renting may be a better value option.

sabretoothtigger

srcandas

"I want to go to the sun"
' But you'll burn up!!'
"Already thought of that; I'll be going at night :j"

Actually £200,000 from £10,000 is only odds of 20 to 1. There are plenty of shares in the last 2 years that have gone up 20% in less than 3 weeks. You only need to find 18 of them, (not overlapping timewise ), and you'd get there. Easy peasey

OK you might lose your £10,000 but what's £10,000 to an ambitious 20 year old

jimmyjones_2

srcandas wrote: »

Actually £200,000 from £10,000 is only odds of 20 to 1.

Another stupid belief to add to the list

srcandas

jimmyjones wrote: »

Another stupid belief to add to the list

You're right it is in fact only 19 to 1. Call yourself a gambler srcandas :rotfl:

squatlover

There is always that drug they use in the film Limitless to make you have amazing gains.

bankhater_1965

talexuser wrote: »

I think the assumption that the state will always give (decent) old age care for free is rather naive given the direction of government policy, the nation's finances and an increasing ageing population. It my well turn out that as well as renting being much more expensive in the long term due obviously to inflation, that selling your own house may well be the only way to fund any kind of decent care in your dotage. The kids will then need to take care of themselves (by buying).

deffo a chance of it happening i reckon

bankhater_1965

remember im reckoning on a short term mortgage of 25 years , how would it compare on a 30-35 year term mortgage which i reckon maybe quite common today and more expensive to my reckonings !!