The Quant's House Price Diary

Carl31

mayonnaise wrote: »

I do.
Up £225 yesterday. :beer:
Maybe I should start a diary?

you should stop work if you are making that much money each day surely?

your house is apparently paying you a £60k a year salary

obviously theres no actual money here though, which might be a problem

mayonnaise

Carl31 wrote: »

you should stop work if you are making that much money each day surely?

your house is apparently paying you a £60k a year salary

obviously theres no actual money here though, which might be a problem

No, it's not paying a salary.
It's an asset increasing in value.

That's been explained several times on here. Please keep up.

BillJones

mayonnaise wrote: »

Anyone doing well financially and having the audacity to say so on this forum is immediately jumped on by the same bunch of individuals who are not as successful in life as we are.

They are also jumped on by people doing far better than them, too, if something doesn't seem to add up in their posts, as is the case here.

purch

Generali wrote: »

There are plenty of self employed quants,

Maybe he meant to say he is a self employed "captain" of a Punt of the river Cherwell in Oxford, no doubt working for the clever chaps who end up working in the City and making fortunes.

P.S. the pole used to propel a punt is also called a quant.

thequant

BillJones wrote: »

They are also jumped on by people doing far better than them, too, if something doesn't seem to add up in their posts, as is the case here.

£120k for 2.5 day week providing consultancy, no point earning more as a salaried employee due to marginal tax rates over £100k.


After expenses, putting wages through company and splitting earnings with the other half I pay zero income tax.


The other 2.5 days I spend on R&D for a software product I am developing. This is the long term plan, if it pays off then I'm looking at a lorra moolah.


If not, I fall back on my regular earnings and my £1 million pound house plan.


The relatively low value of my house ? You try getting a mortgage as self employed person who "officially" earns £10k a year.


My dual plan ? working part time and also doing private R&D. Have I got a split personality ? No it's called risk management which is the nature of my game.


e.g. I work full time for £250k, take home pay ? £143 K


Instead I work half the time for £120k and only pay £12k corporation tax after my accountant has worked his magic.


Thus freeing up time to pursue my other business interest, which I could concentrate on full time, but could also fail leaving me with frack all if I did.

BillJones

thequant wrote: »

£120k for 2.5 day week providing consultancy, no point earning more as a salaried employee due to marginal tax rates over £100k.

So about what I pay my second year graduates then, and a quarter of what my directors get.

Well done you.

Why, then, have you bought such a cheap house, if you are convinced that we are at the start of a boom?

(Text removed by MSE Forum Team)

grizzly1911

thequant wrote: »

The relatively low value of my house ? You try getting a mortgage as self employed person who "officially" earns £10k a year.

You need to see Conrad he provides advice and gets lots of mortgages for people like you with limited "offical" earnings.

thequant

The report from RICS, which is published today, says house prices will rise everywhere over the next five years, from 2 per cent a year in the North to 9.3 per cent a year in London.
That would put the cost of the average London home at £570,000 in 2020. The figure for the South East would be £315,000 and for the South West £280,000.
The cheapest homes would be in the North (£132,000) and North West (£165,000). Among reasons cited for the property boom are low interest rates, population growth, lack of house-building and the Government’s Help to Buy mortgage guarantee scheme.




http://www.dailymail.co.uk/news/article-2601104/House-prices-soar-2020-Middle-income-earners-priced-warn-Chartered-Surveyors.html


I love it when a plan comes together

BillJones

thequant wrote: »

The report from RICS, which is published today, says house prices will rise everywhere over the next five years, from 2 per cent a year in the North to 9.3 per cent a year in London.

You must be kicking yourself, then, having arranged your finances in such a way that you are unable to benefit very much from it, as well as having to go home every night to a house far less pleasant than you could otherwise have owned.

mystic_trev

BillJones wrote: »

You must be kicking yourself, then, having arranged your finances in such a way that you are unable to benefit very much from it, as well as having to go home every night to a house far less pleasant than you could otherwise have owned.

I find it odd too. If they'd wanted to make money from Property, they should have stayed in rented and used their money to Invest in BTL, therefore using a geared Investment to their advantage?

I've never understood the mentality of People getting so excited with the value of a home increasing, a BTL Portfolio, yes. Mine's gone up somewhere in excess of six figures in the past 12 months, and I expect a few here have seen much bigger returns. Of course I'm happy, but I'm not going to start shouting about it from the Hilltops! :rotfl: Apart from anything else I invested in it mainly for income, the capital increase has been a bonus.