We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Prices will fall by 50% in four years
Options
Comments
-
neverdespairgirl wrote: ȣ25k is really quite a few quid.
Not if you're borrowing it, apparently. Seems like the 'meaningless numbers on a sheet' mentality when it comes to taking on debt is still alive and kicking, even after half a year of the credit crunch manifesting in the consumer space.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
neverdespairgirl wrote: ȣ25k is really quite a few quid.
As a barrister in the city, thats probably small change and only 2-3months wages for you;)0 -
neverdespairgirl wrote: ȣ25k is really quite a few quid.
I think that depends on an individuals' personal wealth. For low income people it'll be a lot of money but to high earners it's peanuts.
Rob0 -
I think that depends on an individuals' personal wealth. For low income people it'll be a lot of money but to high earners it's peanuts.
Rob
You are classed as a high earner in this country with a salary of only £41k. You are also in the UK's top 10% with a salary of £41k+
But i get what you mean, i think you mean super wealthy, ie the £200k+ mob0 -
I think that depends on an individuals' personal wealth. For low income people it'll be a lot of money but to high earners it's peanuts.
Rob
I don't know - my head of Chambers pulls in well north of a million a year, but doesn't seem to think £25k is "peanuts"!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
As a barrister in the city, thats probably small change and only 2-3months wages for you;)
I'm not a City barrister, I do crime and immigration. So it's not 2 months' fees for me, it's a bit more....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I've earned over 100k a year in quite a few years. 25k was never a small amount of money.It's a health benefit ...0
-
neverdespairgirl wrote: »I don't know - my head of Chambers pulls in well north of a million a year, but doesn't seem to think £25k is "peanuts"!
Well, personally I don't consider £25k a lot of money these days. If it were a loan for example, it could easily be paid off in about 18 months (for me anyway).
Also, it doesn't much to blow £25k on.
Rob0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards