On the Breadline on £190k a Year

Generali

mystic_trev wrote: »

https://next.ft.com/content/d6f1e58e-20c9-11e6-aa98-db1e01fabc0c

http://www.dailymail.co.uk/news/article-3621238/Couple-claim-struggling-make-ends-meet-200-000-year-cost-schools-living-London-700-000-house.html

Three quarters of a million quid for a terraced house in Croydon



The world's gone mad. It's not even in Wood Green.

michaels

My lil bro had a house in Croydon that he kept as a btl when he gadded off round the world with his multinational - not sure if he ever sold it - if not then there will be a lot of CGT and stamp duty when he does - no wonder the govt is bringing in policies to try and get btl owners to turn over their properties....

gadgetmind

I'd happily pay that for a house, but I'd expect a driveway so long that you couldn't see it on street view.

HornetSaver

While I'm not earning anything like the sort of money the examples in this thread are, this is the point I've long made about the current cost of living situation in a large area of the country.

If you do not earn a lot, you do not have a lot of spending power, and significant compromises need to be made to get by. That's a fact of life, no matter how much or little housing costs. But the fact that people earning decent and in some cases very good money are struggling with the cost of living is just absurd.

They would admittedly be significantly better off without private schooling. But then the question should be "if I'm paying this much in tax, why are the fee paying schools so much better as to still be worth the money"?

Out,_Vile_Jelly

I am not highly paid for London (university admin) but am comfortably overpaying my mortgage (no purchasing assistance from BOMAD), have no other debts, respectable savings and consider myself to have a good social life. I know I don't have children and am lucky that I get free travel due to my boyfriend working for TFL, but I do sometimes genuinely wonder what other people spend their money on.

ukcarper

You know It's hard to get by on £6000 a month after paying the mortgage.

economic

chucknorris wrote: »

If they can't work out how to live well enough on £190k, they must belong to the the highest paid idiots club. £190k is enough to manage your finances and have a comfortable life, they must have been spoilt brats as children, and they are carrying that attitude through into their adult lives. Obviously not many people can have literally everything that they want, they need to learn to prioritise and compromise, like everyone else does (or should).

couldnt have put it better myself.

PasturesNew

It irritates me when "loaded" people moan about how they're struggling ... they've got no idea whatsoever ..... clueless ..... 'struggling' my 4rse.

Wednesday2000

Out,_Vile_Jelly wrote: »

I am not highly paid for London (university admin) but am comfortably overpaying my mortgage (no purchasing assistance from BOMAD), have no other debts, respectable savings and consider myself to have a good social life. I know I don't have children and am lucky that I get free travel due to my boyfriend working for TFL, but I do sometimes genuinely wonder what other people spend their money on.

+1. You sound a lot like me!:)

[Deleted User]

PasturesNew wrote: »

It irritates me when "loaded" people moan about how they're struggling ... they've got no idea whatsoever ..... clueless ..... 'struggling' my 4rse.

Keeping up with the Jones is very expensive, you know!

I remember my parents were looked at as quite odd by their friends when they didn't sent my brother or I to private school. The fees put their friends under massive financial pressure, and frankly, did nothing for their children's eventual prospects.

All it takes is car loans, expensive holidays and school fees to make a high earning family have the relative spending capacity of a much less well off family. All stuff people can live without; but don't want to compromise on.