MackneyHackem
Striker
You must have overpaid a canny amount mind. Which is fine you do you, just grates on me when people like yourself pretend you’re not wealthy
What about me Frijj? Am I wealthy?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
You must have overpaid a canny amount mind. Which is fine you do you, just grates on me when people like yourself pretend you’re not wealthy
I'm far from skint and to many in the north east I may appear wealthy.. in the area I live I'm just an average bloke with a couple properties I rent outYou must have overpaid a canny amount mind. Which is fine you do you, just grates on me when people like yourself pretend you’re not wealthy
Said it plenty, either this forum is a blip and somehow a north east based football forum appeals to the very rich for some reason that we probably can't fathom
or there's something else afoot. The boasting and bragging veiled as discussion isn't particularly appealing tbh
See the minted landlord with many properties in the post above as an example. Imagine having that lunatic as a landlord?
I'm far from skint and to many in the north east I may appear wealthy.. in the area I live I'm just an average bloke with a couple properties I rent out
well touch wood I have good tenants over the years and never too stressful... then again I rent them out under market rate so they know they are onto a decent thing.
You're closer to the truth than you think... Bits of Cobham get close to being flooded every time it rains for a few days!Be worth nowt when global warming submerges the area.
What about me Frijj? Am I wealthy?
not really overpaid loads..You must have overpaid a canny amount mind. Which is fine you do you, just grates on me when people like yourself pretend you’re not wealthy
Tbf relative to most these numbers are pretty bignot really overpaid loads..
my first flat 20+ years ago was 68k
if my mortgage payments were £700 I would have paid maybe a grand.. rememebr it was cheaper than renting and thats between myself and the missus.. I also took lodgers into the spare room for a couple years to help out
£300 a month extra over 12 months in £3600 addtional off the mortgage so if my payments then declined I'd still keep my payments at a grand a month.. following year paid £3800 off etc... lived there for close to 10 years so thats a big chunk of the capital paid off.. I think it was donw to about 25-30k by time I left.. remortgage it back to 60-70K and use the 30K o put a big down payment on next property.. rnt covers mortgage, all bills and gets you a drink a month.
the gains really have been the prices of property rising but as I've said you only really seee that when you sell. Clear the mortgage and get an income too but if you ae working full time fair chunk of that is handed straight over to the taxman
oh I know.. the excess intiially was created from the rent from the lodger. as I stated we could only do it cos we had 2 incomes from reasonable jobs.Tbf relative to most these numbers are pretty big
a 65k mortgage on a "normal" 25 year mortgage would be more like 350 a month so you were paying triple that and would have it paid off in probably 15 years? not many could do that.not really overpaid loads..
my first flat 20+ years ago was 68k
if my mortgage payments were £700 I would have paid maybe a grand.. rememebr it was cheaper than renting and thats between myself and the missus.. I also took lodgers into the spare room for a couple years to help out
£300 a month extra over 12 months in £3600 addtional off the mortgage so if my payments then declined I'd still keep my payments at a grand a month.. following year paid £3800 off etc... lived there for close to 10 years so thats a big chunk of the capital paid off.. I think it was donw to about 25-30k by time I left.. remortgage it back to 60-70K and use the 30K o put a big down payment on next property.. rnt covers mortgage, all bills and gets you a drink a month.
the gains really have been the prices of property rising but as I've said you only really seee that when you sell. Clear the mortgage and get an income too but if you ae working full time fair chunk of that is handed straight over to the taxman
Interst rates were a lot higher back then remember. I think it might have been a 30 year mortgage at the time with the option to pay 5 or 10% a year.a 65k mortgage on a "normal" 25 year mortgage would be more like 350 a month so you were paying triple that and would have it paid off in probably 10 years? not many could do that.
It helps when mammy and daddy contribute mind.I suspect your income is somewhere in the 70-100k range, based on what you do, where you’re based etc. You’re selling a house atm so probably chance to make money off that as well. If you were able to get a London mortgage you must have a pretty good income.
The voice of the common man there.not really overpaid loads..
my first flat 20+ years ago was 68k
if my mortgage payments were £700 I would have paid maybe a grand.. rememebr it was cheaper than renting and thats between myself and the missus.. I also took lodgers into the spare room for a couple years to help out
£300 a month extra over 12 months in £3600 addtional off the mortgage so if my payments then declined I'd still keep my payments at a grand a month.. following year paid £3800 off etc... lived there for close to 10 years so thats a big chunk of the capital paid off.. I think it was donw to about 25-30k by time I left.. remortgage it back to 60-70K and use the 30K o put a big down payment on next property.. rnt covers mortgage, all bills and gets you a drink a month.
the gains really have been the prices of property rising but as I've said you only really seee that when you sell. Clear the mortgage and get an income too but if you ae working full time fair chunk of that is handed straight over to the taxman
compared to today yes but not at 15% levelsInterst rates were a lot higher back then remember. I think it might have been a 30 year mortgage at the time with the option to pay 5 or 10% a year.
One thing I always dodged which were huge at the time were endowment mortgages . Always had a repayment mortgage
Mammy and daddy... Just saw further up that we sold my dad's house for 40k. Wasn't a lot in the pot there split between 4.. I used the money to take the kids to disneyworldIt helps when mammy and daddy contribute mind.
The voice of the common man there.
No but it was about 6-7% I thinkcompared to today yes but not at 15% levels
This thread isn't about "average house prices where you live"It helps when mammy and daddy contribute mind.
The voice of the common man there.
There is a huge disconnect between the north east and London mind. I've got my folks here this week and the house they have is probably similar size ish to ours. The price difference is astronomical.It helps when mammy and daddy contribute mind.
The voice of the common man there.
My dad's favourite hobby when he used to visit was looking in estate agents windows and going bloody hell.. that and the price of a pintThere is a huge disconnect between the north east and London mind. I've got my folks here this week and the house they have is probably similar size ish to ours. The price difference is astronomical.
He paid 1.90 for a tea yesterday and had a grumble.My dad's favourite hobby when he used to visit was looking in estate agents windows and going bloody hell.. that and the price of a pint
That was more aimed at young Seb tbf.Mammy and daddy... Just saw further up that we sold my dad's house for 40k. Wasn't a lot in the pot there split between 4.. I used the money to take the kids to disneyworld
My dad's favourite hobby when he used to visit was looking in estate agents windows and going bloody hell.. that and the price of a pint