Losing Faith in VW

[andrewparker]

I can't really understand why people are bothered about accumulating wealth, apart from having enough to enjoy a decent standard of living.

Sounds corny, but for me it's about providing for my family's future, and my Grand Children (if I'm lucky enough to have any). My parents have bailed me out of a few situations (many years ago), they've been able to help with house deposits (they contributed £27k to our current house), and they paid for my University education. I want to able to do they same for my two.

[Top Cat]

However I admit that I've never known poverty.

He is not a bad lad and has a nice car. PM him i am sure he is a nice guy.  

[Leeds s3]

Like Brad Pitt said in Fight Club the things you own end up owning you.

At 24 i had a small brokerage firm specialising in BTL and BMV property, i was making good money and got a new s3 on finance moved into a £1500 per month penthouses and had more watches than fingers.

Anyway things didnt last and i ended up on my arse doing things i shouldnt have.

Whilst i love cars and nice things they end up ruling your life and making you unhappy.

[Tortaruga]

i am sure he is a nice guy. 

Oh dear...sounds like I want to 'know' him in the Biblical sense. (No offence if you bat for the other side Poverty)

[andrewparker]

Whilst i love cars and nice things they end up ruling your life and making you unhappy.

Doesn't that kind of make sure the equivalent of a drug dealer?

[Deako]

Whilst i love cars and nice things they end up ruling your life and making you unhappy.

Doesn't that kind of make sure the equivalent of a drug dealer?

I need my fix, where is my 1 series quote so i can snort it!!!!

[Snoopy]

My Dad retired at 50 from the Bank (Area Director) earned his money throughout his life in various roles before moving into senior management and put the majority of it into property and company share saves, he sold all his shares before it went boobies up and the properties they bought over the years are worth between 3-7 times what they paid for them (Even now with the "property slump"), he is now 62 and works part time with me and my mother Altho I don't think he wants to really  (mother is a strong willed woman!)

And this is why deako and his generation cannot afford a house and can hardly scrape by.
Because that generation bought lots of houses. Made house prices quadruple at least (supply demand) Made rents so high people could hardly afford to live or save a deposit to buy.
Imo people who own more than one house should be massively taxed on it and buy to let morgages should be outlawed. Imo any other house people own  they are not living in for more than 7 months of the year they should get stung / ass raped in tax for it.
The rich get richer the poor get poorer. As long as I'm alright jack,  Screw the next generation seems to be that generations legacy.

[sub39h]

My Dad retired at 50 from the Bank (Area Director) earned his money throughout his life in various roles before moving into senior management and put the majority of it into property and company share saves, he sold all his shares before it went boobies up and the properties they bought over the years are worth between 3-7 times what they paid for them (Even now with the "property slump"), he is now 62 and works part time with me and my mother Altho I don't think he wants to really  (mother is a strong willed woman!)

And this is why deako and his generation cannot afford a house and can hardly scrape by.
Because that generation bought lots of houses. Made house prices quadruple at least (supply demand) Made rents so high people could hardly afford to live or save a deposit to buy.
Imo people who own more than one house should be massively taxed on it and buy to let morgages should be outlawed. Imo any other house people own  they are not living in for more than 7 months of the year they should get stung / ass raped in tax for it.
The rich get richer the poor get poorer. As long as I'm alright jack,  Screw the next generation seems to be that generations legacy.

let's just take your scenario for a minute:

money doesn't just appear. to get a deposit you have to save for it, so what do people do in the mean time? buy to let is outlawed, and those that have 2nd houses with regular mortgages are heavily taxed.

in this world, rent will be more expensive because the tax would be heavier. this would mean that less people could afford to save for a deposit.

what i do think is that in high demand places like London foreign investment should be heavily curtailed. rich foreign investors shouldn't be allowed to make massive profits on rent from our housing market to siphon off to their own country. if money is being made in this country, there should be some sort of law that governs that either it remains in this country in a UK bank account, spent on UK goods and services for the upkeep of the property concerned, or if the investor wishes to export the money it should be taxed at 90%.

[Leeds s3]

Whilst i love cars and nice things they end up ruling your life and making you unhappy.

Doesn't that kind of make sure the equivalent of a drug dealer?

Come again?

[andrewparker]

You sell cars right?

[tony_danza]

I think auto correct knackered your joke.

Thatcher f*cked housing by allowing council tenants to own their homes at a massively discounted price. The population boom has hammered the nails in the coffin.

[RedRobin]

Retire at 50? You must be mad!

....Why mad? I retired at 52yo - It beats working! Very limited income but a great quality of life and that's far more important.

Re losing faith in VW, it's a very long time indeed since Adolf offered the wagen to the volks as a cheap people's car. ALL car prices, not just Volkswagen, continue and will continue to rise.



^ In those days you could save enough stamps to buy a Volks Wagen [trans. People's Car].

[garrardrj]

I think auto correct knackered your joke.

Thatcher f*cked housing by allowing council tenants to own their homes at a massively discounted price. The population boom has hammered the nails in the coffin.

Biggest F*** up of all time i say was allowing Council Tenants to buy their houses , this has caused the housing shortage we now have and has led to the "Buy to Let" madness that has caused house prices to rise so much ahead of wage increases . I will have to pay my sons and daughters deposits if they ever want to get on the housing ladder before they are too old .

We've gone a bit off topic though  

[andrewparker]

Retire at 50? You must be mad!

....Why mad? I retired at 52yo - It beats working! Very limited income but a great quality of life and that's far more important.

I explained myself in reply no.36. Everyone is different but I can't see how my quality of life could be better just because I'm not working?

[RedRobin]

Retire at 50? You must be mad!

....Why mad? I retired at 52yo - It beats working! Very limited income but a great quality of life and that's far more important.

I explained myself in reply no.36. Everyone is different but I can't see how my quality of life could be better just because I'm not working?

....Yes, I read it and I understand and respect that your reasons apply to you but not necessarily to someone else, as you were addressing someone else in your post.

As you say, each to their own. I very much enjoyed my job working for myself but am nevertheless glad to now have much more 'me-time'. It doubtless helps that I'm also happily divorced and that my daughter is grown up.