Feeling I have overpaid

getmore4less

tori.k wrote: »

The 77.5K includes the interest and the 10K

You don't understand the flaw?

The renter is paying £500 the mortgage is £644

That's £144pm and the £10k worth of maintenance the renter had to invest during the 15y

tori.k

Still works out better over the same term as the mortgage stop's and the rent doesn't, around year 21 the rent outstrips the mortgage/ maintenance costs
And before I get mortgage is debt, most investments have fees attached.
Shelter is a basic human need it has to paid for one way or another but its smarter to stop paying for it sooner rather than later.
Having control over your outgoings make you a free a person as you can be in this country and its achievable by everyone.

tori.k

Albala wrote: »

Worth pointing out that if you are talking about a 15 year time period, I doubt that there is any combination of buying and selling dates that would give anything even remotely like a 50% drop in 15 years. (A 20% drop in five years or less if you were very unlucky, maybe.) But I'd be interested if you could find one!

I was in the mood to play and was being facetious

Crashy_Time

Davesnave wrote: »

Some of us indulge people because we are polite and we still believe in free speech.

I'm fine with free speech that doesn't twist other peoples words or over-simplify matters. People's lives are complex; it's not all just about the maths. It's also handy if the person who's being critical makes positive suggestions, rather than just sniping.

For example, on this thread I never recommended Icelandic banks, nor did I recommend buying a house one couldn't live in for a long time, if necessary. With ownership times of 10 years, 21 years and, so far, 10 years again, it's obvious I'm not into flipping.....flippin' obvious in fact!

You said in post 12 I think - " Our current house was bought just to be a safe place for our money in turbulent times"

I responded that there are probably safer places in turbulent times because you can`t always rely on the PTB bailing out people who paid too much for their house, to which you responded about Icelandic banks, which implies to me the idea that there were no other sensible options to keep money safe in "turbulent times" other than property. BTW the really turbulent times are yet to come, when the central banks can no longer bail out the debt mess that we are in, whether due to economic factors or political concerns. (Look where the last endless bail out has got us politically for example?) the fact that property was pumped up with cheap debt and pushed in the media for so long has led to people really believing that it is a one way bet.

Crashy_Time

Wonder how this could shake things up?

https://www.politicshome.com/news/uk/political-parties/labour-party/news/104337/labour-could-stop-renters-paying-council-tax

Albala

Crashy_Time wrote: »

Couple of questions on the first part of your post - Do you agree that If you can`t find a buyer for a house the money you want to realise isn`t there - a yes or no answer will be fine. Can you quote an example of a tracker fund of a major index ever "falling to zero and becoming worthless" - yes or no will be fine again thanks. BTW I don`t really consider a tracker fund as a suitable place to "park" money as the value can drop maybe quite a way (like a house) but unlike a house you can get your money back quickly. "Parking" money (like a car) assumes that you can find it and take it away again when you want, an illiquid and sometimes volatile asset like a house does not even come close to ticking that box IMO. Also the fact that some posters seem to think that the only alternatives to buying a house are Icelandic banks and dodgy shares may say a lot about why the public were so hoodwinked when it came to the bankers property debt bubble?

I did not mention tracker funds, dear. I said shares. Nor did I suggest people used dodgy banks. As usual, you lie by twisting what people say into what they didn't say and then try (unsucessfully) to pick holes. And as you have always whined in and on, all houses will sell at the right price. Your grasp of economics would not get you through a CSE.

Albala

tori.k wrote: »

I was in the mood to play and was being facetious

I get you. Hard not to be with the resident village idiot breathing down all our necks. Who has not, incidentally, come clean about his own allegedly-oh-so-wonderful financial affairs, despite demanding every detail of other people's.:D

Wyndham

lalala1512 wrote: »

Thank you for sharing! That's what I also thought when paying to paint (and the other thought was not having the time and effort to do it myself ). I just noted out the painting as one of the costs I regard as my unavoidable costs and people seems to be judging me for it ahah!

People aren't judging you for paying out, they are judging you for saying "Being a girl with absolutely no family around and a hectic work life obviously didn’t help me much haha." I can see that the family and the hectic life do make a difference, but being a 'girl'? I really object to that.

You may not want to know this, but I'm a woman, and approaching 50, and I've spent a lot of my professional lift having to work twice as hard to be thought half as good. I would not use the word 'girl' for anyone over about 14, and while there are things I can't do, I would never, ever, ever use my gender as an excuse for that.

I feel the generation above me had to really fight, my generation had to also fight, but not quite as hard. Sexism is still a real and prevalent issue, and when you start to look for it, there are so many examples. There are enough coming from men without women adding to the mix. I'd suggest you take a look at #everydaysexism - it really opened my eyes to this stuff.

Right, I'll get off my feminist soapbox now, and move on....

I do wish you well with your house. Worry is normal, and I'm sure it will work out for you and you will love your home. Or, if not, you'll learn from it and move on. Welcome to the journey that is home ownership.

Davesnave

Albala wrote: »

Who has not, incidentally, come clean about his own allegedly-oh-so-wonderful financial affairs, despite demanding every detail of other people's.:D

House Price Crash people don't divulge anything personal that might be used against them. Ironically, it was the HPC brigade posting constantly on here in '09 that scared me far more than Northern Rock and Icelandic Banks going Pete Tong. Theirs was end of the world stuff.; societal breakdown, Mad Max, hairy !!!!ed bikers....et al.

So, it seemed logical to us that if the world as we knew it was ending, we'd be better out of the city, with our own land, growing stuff, bartering and becoming part of a strong, well-defined community.

We took the plunge. Didn't quite expect to be looking after sheep, laying hedges and managing pasture in my autumn years, but we couldn't go back to city living now.

Thank you HPC!

Crashy_Time

Albala wrote: »

I did not mention tracker funds, dear. I said shares. Nor did I suggest people used dodgy banks. As usual, you lie by twisting what people say into what they didn't say and then try (unsucessfully) to pick holes. And as you have always whined in and on, all houses will sell at the right price. Your grasp of economics would not get you through a CSE.

But the discussion is about safer ways to park money than a house, why would you mention individual shares in that context? I asked you if you were aware of a tracker (safer than individual shares but still equity exposure) "going to zero" and I don`t think you answered yet? The Icelandic banks were mentioned by another poster and I said the GENERAL feel of the thread, not you in particular, may explain the property fever that the public got caught up in. Are you genuinely not aware that safer ways to "park" money exist other than property?