South West Bikers | Motorcycle Forum

TLS-Moose wrote:

Stately wrote:

Blue wrote:Oh no someone help me I'm a bad parent Like you would now what kids are. You cant get a women to [censored] you let alone even dream of hing you baby. My kids think Im' a great dad actually. We live in a big house and they have all the stuff they want and really nice holidays. But you'd wouldn't understand any of that. Window licker

You're a flop.

I have a decent house too, but mine is payed for with no mortgage now.

You'll be paying rent for the rest of your working life, and will have nothing to leave your kids.

Although it go's in a completely different direction, this raises a question that has intrigued me for some time ..... although I too am part of the rat-race created by Maggie and her "every Englishman should be entitled to own his own home" policy, for people in lower income brackets or riskier employment roles, I have oft wondered if this is the wisest move ..... If you buy a house in say, your forties statistically you are quite likely to see out your days there. Given average life expectancies this probably means by the time you're drawing your pension you'll be lloking at bills for new windows, roof, central heating, wiring, etc.,. If you are unemployed for any period you get little or no help with covering costs, and in retirement if you fall ill and require care said assets get sold off to cover costs. If you rent, your rent is covered during unemployment, you get assistance with it in retirement, and assets gained can be dispersed more easily prior to having to pay care costs. Add to this the savings made from not having to pay for the upkeep of the properties external fabric, and I start to question the cost benefit of ownership, and who is getting the better deal ..... uncontrolled lending ever increasing amounts of money to fund such policies is a large contribution to the current economic climate

Regarding inheritance, I have always told my parents (tongue in cheek) that as long as there is enough to cover the costs of their funeral I expect no more - they have worked hard all their life for what they have, and should be able to benefit from it rather than me. I would suggest that, given the average age at which ones parents generally pass on (40's/50's), if the average person is in such a perilous financial position they are reliant on said inheritance then they haven't done much with their life .......

All I can say is this.

Bearing in mind the rent costs in the private sector.

I'd rather be paying towards something that is going to be mine one day, rather than pay more or less the same toward a property that is always going to be a landlords.

The price of a few windows and a bit of maintenace is small price to pay.

I got my first mortgage when I was 24.

After a bit of shrewed buying and selling, I've ended up with my own house, bought and paid for with no mortgage and it wasn't a hard struggle.

I've never had mortgage payments exceeding £600 pm, which is less than what I could rent a house for in the area I live in.

So here I am.

Living in my own home, bought and paid for with not a penny owing, and you're asking me if I would rather still be paying £100's to a landlord for the rest of my working life.

Erm no.

I think not.

nuff said

And if you want to move house? At the moment you house isn't worth a lot so your profit margin is going to be minimal unless you move to a lot smaller house. plus you have all the fees and the time it takes you to sell, if you even can sell it at the moment. I just have to give one months notice.

As I said I might by again if a house one a certain road comes up and the prices stop falling.

Blue wrote:And if you want to move house? At the moment you house isn't worth a lot so your profit margin is going to be minimal unless you move to a lot smaller house. .

Not so.
The dip in house prices is across the board and has not hit just one specific area.
If I wanted to move, I'd lose about £15,000 on the price I originally paid, but that is actually irrelvant, because the house I would be buying will have dropped by about the same.
Six of one, half a dozen of the other.

Blue wrote:plus you have all the fees and the time it takes you to sell, if you even can sell it at the moment. I just have to give one months notice. .

Yes that's true, but by the same token, your landlord can give you notice to vacate anytime he wants.

What if he sells it and the new owner decides he wants to live in it.

I'd rather have the security of knowing that my house is mine, and no one can throw me out

careful blue, he will be contacting your landlord and buying your house soon, then giving you 1 months notice

Fat chance of that. My landlords quite happy as he is.

So Stanley let me get this right. Your 'investment' as already lost £15,000. Man your not very good with money are you Oh please tell me your a financial expert so I can really take the piss

If my landlrd wanted me to move ot he would need o firstly give at least a months notice, AFTER the end of my tanancy. then if I didn't move out he would the have to apply to the court for an possestion orer and then a few weeksafter that go to court again to get an eviction order. A very long process I think you will ins. I'm here on an extended teancy so he wouldn't have to wait for that bit but woulf have to do the rest. I only have to give 1 months notice.

As far as security goes. Are you sure your secure? Job secure? you have already said that your house is in negative equity. If I lost me job the state would pay my rent you would just be told to sell up. Iwork in a debt centre and hear from people like you every day that can't pay the normal bills cos they have lost there job and they either cannot pay the mortgage or all their money is tied up in their house and they cant sell.

My dear firend stately ...... as you are so keen to put down everyone else's powers of deduction and their education compared to your superiority .....

Stately wrote: Just curious.
How long have you been riding.
Note for born agains.
The period of time you did not own a bike does not count.

Stately wrote:Playing with motorbikes as a child does not count as on road biking experience.

As you're 21, and the legal age to start riding on road 1s 16, I'll put you down as 5 yrs.

Stately wrote:Been riding off road since I started riding 27 years ago

Stately wrote:Show me where I said I am in my 30's.

I wish I was, but sadly, I'm well into my 40's now, as it says in my profile

Your profile says you are 42. According to my maths, 16 (minimum legal riding age - years prior to that don't count) + 27 (only count full years) = 43

Blue wrote:Oh please tell me your a financial expert

According to his profile he's a door supervisor, or more comonly known as a bouncer/security guard

So he's either a bouncer for mothercare or one of those old blokes you see watching the CCTV at Tescos cos their too thick to stack shelves.

Well it's not usually the profession associated with, lets say, graduates of Oxbridge or similar establishments of high intellect....... but there's always the exception to the rule

It also says that he is from Ivybridge. Bloody horrible place, I lived there for 2 years. Full of morons, loosers and eneducated peasants! It's just a nasty offspring of Plymouth! I do however feel sorry for Stanley as there really is nothing to do in Ivybridge so I fully understand why he spends all his time on here.

I've been riding for 14 years and been a born again biker many times.

Stately wrote: I got my first mortgage when I was 24.

I can beat that..

Mortgage at 19..

I rent, I could save and get a deposit on a house, but I'd rather have fun

Blue wrote:Fat chance of that. My landlords quite happy as he is. .

Maybe, for now, but what if he dies, and someone inherits his estate.

You don't know his personal financial circumstances,

How do you know that he might not get into trouble and have to sell - and so on..[/quote]

Blue wrote:So Stanley let me get this right. Your 'investment' as already lost £15,000. Man your not very good with money are you Oh please tell me your a financial expert so I can really take the [wee] .

Yes Blue, my house has dropped by £15,000 in the two years I've owned it, but I bought it at about £20,000 below market value, so it's not actually in negative equity yet.

In case your brain can't comprehend that, it means that my current house was valued at £350,000, but I got it for £330,000.

My house is now valued at £335,000, which means I have only lost money from the original valuation.

Anyway

I bought my last house for £110,000, and sold it two years ago for £350,000, giving me a profit after outgoings of about £235,000.

At the same time I sold a flat I bought in the early 90's for just over £100,000 profit, giving me a cool £330,000 to buy my current house, OUTRIGHT

So no Blue, the dip in house prices doesn't really bother me because this time I did not buy to sell and in any case, the market will pick up again eventually, just like it did in the 90's.

You on the other hand are doomed to be paying a landlords rent for the rest of your life, so no, I'm not jealous of you.

Blue wrote:If my landlrd wanted me to move ot he would need o firstly give at least a months notice, AFTER the end of my tanancy. then if I didn't move out he would the have to apply to the court for an possestion orer and then a few weeksafter that go to court again to get an eviction order. A very long process I think you will ins. I'm here on an extended teancy so he wouldn't have to wait for that bit but woulf have to do the rest. I only have to give 1 months notice. .

The point here is that he can give you notice but take some advice from me as an ex landlord.

If you do decide to go down the road of digging your heels in and refusing to move, and legal proceedings are taken against you for an eviction, that would go on your record, and a Landlord going through the proper channels to get a tenant would not give you the time of day.

Oh, and an extended tenancy is not an indefinite one.

Blue wrote:As far as security goes. Are you sure your secure? Job secure? you have already said that your house is in negative equity. If I lost me job the state would pay my rent you would just be told to sell up. Iwork in a debt centre and hear from people like you every day that can't pay the normal bills cos they have lost there job and they either cannot pay the mortgage or all their money is tied up in their house and they cant sell.

How do you work out I would need to sell up if I own my own property outright

No, nothings secure, but my house is bought and paid for, which means I cannot be chucked out.

I have something to show for my life on this earth, while all you have is a rent book and some one elses house

Not in negative equity yet? well if you bought your house outright and so have no mortgage, you can never go into negative equity. Surely a financial whizz like you would know this?