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How to become a Millionaire...
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<blockquote data-quote="kme" data-source="post: 3372" data-attributes="member: 113"><p>Then I classify as a poor sod...........</p><p></p><p>4 years ago, had offer of a 3 bed detached, 60K. Needed rewire, replumb, decorate etc.</p><p></p><p>took 115% to cover materials for upgrade.</p><p></p><p>Now owe just over 100K, current valuation 180K</p><p></p><p>Just as an aside, I`m seriously hoping to move to US within 5-10 years (permanently).</p><p></p><p>I believe ext is overstating the problem. He`s right, as the obscene amounts of lending SHOULDN`T continue; but they will.</p><p></p><p>Today - in the junk mail delivery which used to be called post - a car credit company:</p><p></p><p>"Buy one of our cars. if you`re over 21, and resident in UK, we guarantee finance!"</p><p></p><p>Oh yeah. They`re guaranteeing that you`ll pay 39.9% interest. In two years, the car is devalued to the extent where you need to trade it in, but the</p></blockquote><p></p>
[QUOTE="kme, post: 3372, member: 113"] Then I classify as a poor sod........... 4 years ago, had offer of a 3 bed detached, 60K. Needed rewire, replumb, decorate etc. took 115% to cover materials for upgrade. Now owe just over 100K, current valuation 180K Just as an aside, I`m seriously hoping to move to US within 5-10 years (permanently). I believe ext is overstating the problem. He`s right, as the obscene amounts of lending SHOULDN`T continue; but they will. Today - in the junk mail delivery which used to be called post - a car credit company: "Buy one of our cars. if you`re over 21, and resident in UK, we guarantee finance!" Oh yeah. They`re guaranteeing that you`ll pay 39.9% interest. In two years, the car is devalued to the extent where you need to trade it in, but the [/QUOTE]
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