Food for thought.

Hectors_House

davidmcn wrote: »

I think this is for the House Prices & the Economy board rather than here.

Also, please don't breach copyright by copying and pasting whole articles (even if it is the Daily Mail's copyright).

I’ve now edited my original post.

kangoora

Looks like she has two options, working until she dies or retiring and living on baked beans.

I hope she really enjoyed all those 'sales' clothes and, presumably, nice holidays, when she finally retires. If she'd saved even 50% of a possible mortgage payment whilst living in her 'cheap' rented flat she'd have enough in some areas of the country to buy something outright. She basically not only spent her income but overspent to the tune of going into a DMP.

It just goes to show that having qualifications doesn't necessarily mean being intelligent - or maybe wise is a better term.

She could buy a 2 bed semi bungalow near where I live in the Northeast for £90k - £110k (not a great area but definitely not a 'rough' one) and tele-commute which should be possible as a journalist. I somehow doubt that would be seen as an option by her though.

Hectors_House

PasturesNew wrote: »

Here she is, bemoaning her credit card debt - and she gives a family history.

https://www.dailymail.co.uk/femail/article-2046291/Daiv-Cameron-youll-know-misery-drowning-debt.html

1997 - heavily in debt on multiple credit cards chose to do a PhD, still working as a journalist and still racked up more debt.
2002 - got married.
2003 - husband stopped work to resume medical studies, just as she had their first child.

She was then so deep in debt she needed a repayment plan.

In short: She spunked it up the wall.

Thank you PasturesNew for tracking that down. It does explain the situation more. The poor woman. She was, obviously the architect for her own situation but I still feel empathy for her, as I do anyone who has got themselves trapped like this. There are still options open to her of course.

-taff

Nope. My sympathy went out the window....

FreeBear

Hectors_House wrote: »

She was, obviously the architect for her own situation but I still feel empathy for her, as I do anyone who has got themselves trapped like this.

Not sure I would have any sympathy for her... From the subsequent article linked to -

I spent more than I earned — and I used my cards to do it. I’m the first to admit that the blame for my situation rests almost entirely with me — well, that and the inclination toward extravagance that’s part of my DNA.

Well, if you are spending more than you earn, there is no way you'll get a deposit even for a grotty little [URL="ttps://www.rightmove.co.uk/property-for-sale/property-64170501.html"]2 bed in Ashington[/URL]. And scribbling self centered tripe for the gutter press reduces the chance of any sympathy from me.

Slinky

If she'd been paying proper market rent previously she'd be in even more of a mess than she is now, but she doesn't appear to be particularly grateful for the opportunity she had to live cheaply for all those years.

NoelC

AdrianC wrote: »

...and get the same lies, just with shorter words.

Still pertinent, many decades later:
https://youtu.be/DGscoaUWW2M?t=57

triathlon

sgun wrote: »

Its from the Daily Mail. I wouldn't wipe my ar*e with it, or listen to anyone who gets opinions from the sh*t stirring piece of cr*p that calls itself a "newspaper".

Moral of the story is not to keep putting off buying your own home, Daily Mail or no Daily Mail it is still a good lesson to learn. People need to remember for all the s*** the Mail has come out with it also helped put the Stephen Lawrence racist killers behind bars.

Jonbvn

What a bizarre article. As per the article found by PN, it is clear she is the architect of her own downfall.

[Deleted User]

Sounds like a bad position to be in, I am sympathetic even if it is her own fault.  This is one of the reasons I am pushing to buy within the next five years even though it is such a huge commitment for us.  How do you survive if you don't? I can't be paying the rent I pay now on the pension I'm likely to get.