Bazz
Q-School Graduate
Yeah true, Solihull Sutton Coldfield amongst others can be just as high.
Yeah true, Solihull Sutton Coldfield amongst others can be just as high.
richart
Major Champion
We bought our current house in the mid 80's, and the major criteria was location.
House had not been lived in for years, no heating, old electrics, no kitchen as such, everything leaked, but it was solid stone built Victorian house. Over the years as we could afford it we had jobs done, and have had it extended, so I could work from home.
House is my pension, and the best investment we could ever have made. Also has given more pleasure than money in the bank or in investments, pensions etc.
House had not been lived in for years, no heating, old electrics, no kitchen as such, everything leaked, but it was solid stone built Victorian house. Over the years as we could afford it we had jobs done, and have had it extended, so I could work from home.
House is my pension, and the best investment we could ever have made. Also has given more pleasure than money in the bank or in investments, pensions etc.
Reading the prices for housing in the southeast leaves me wondering how on earth you manage to live down there? As Fragger says asset and cash rich defines richness. Buying a house down there must be horrendously difficult in your early, working, years.
We're in the process of selling a 3 bed detached, which might make £130k. Paying for, and off, a mortgage that services a house at that price is relatively easy, but taking a promotion to head office near London was ruled out because of house prices long ago.
However, it could be argued that the lifestyle in the north, less mortgage/golf subs, is better...?
We're in the process of selling a 3 bed detached, which might make £130k. Paying for, and off, a mortgage that services a house at that price is relatively easy, but taking a promotion to head office near London was ruled out because of house prices long ago.
However, it could be argued that the lifestyle in the north, less mortgage/golf subs, is better...?
Slab
Occasional Tour Caddy
If you have a boat (that's not for work) you're rich
D
Deleted member 15717
Guest
When you can buy anything without looking at the price tag.
Norrin Radd
Tour Winner
if sir has to ask the price ,then sir cant afford it.
SwingsitlikeHogan
Major Champion
And not just in your early working years, and it's not just house prices that are more expensive. Why we will be moving from this part of the world. Selling our Surrey semi we can buy a nice place up South Yorkshire; North Derbyshire or Glasgow way and have no mortgage - we then decide on our lifestyle and work accordingly - no longer shackled to paying the mortgage.
And yes - as Richart says - pension - we should be 'relatively pension-comfortable - as right from the working word go I paid a fair amount into a pension and my wife has worked in the NHS all her working life so gets the benefit of that.
But all along it has not been easy - first pouring money into doing up our house (which like richart's hadn't been touched for 40yrs and had hardly had any work done on it since it was built in 1918); and over the last 6 yrs we have spent probably £35k-£40k on putting our children through university. So if not exactly cash-strapped, we have never had much spare for fancy stuff; fancy cars and holidays. But whe all is said and done I suppose that we are comparatively property and pension 'rich' - and unlike the majority of our friends - we are still married and, most of the time, have peace of mind.
drdel
Tour Rookie
In money terms, if you have enough 'cash' to pay your bills, eat what and where you like and some to 'waste' on doing whtever fun stuff matters to you then you're 'rich' enough.
My grandchildren are priceless - and a bit difficult to cash in :smirk:
My grandchildren are priceless - and a bit difficult to cash in :smirk:
does a row boat count?
Spear-Chucker
Tour Rookie
Being classified as rich for me would mean not having to work and having enough cash to pursue our interests independently and travel semi-permanently etc. Not likely to happen anytime soon but we can dream.
We're very lucky we have what we do (and often give a little thanks for it) but I wonder what I'll think in a few years. 'Rich' is slightly different in definition to me now I've just tipped over 40 compared to when I was daft(er) and 17 - can't help but wonder what I'll think if I make another 20 years.
The more I look around at society I fear for the widening gulf in those that have and those that don't and don't feel confident for the next generation - it's not a strong society that doesn't improve the lot for those coming through. We'll do our best for Chucker minor but he's going to be up against it for sure.
p.s. We must be la-de-dah's actually as we have a boat; it's not quite the QE2 but did cost less than a new driver
We're very lucky we have what we do (and often give a little thanks for it) but I wonder what I'll think in a few years. 'Rich' is slightly different in definition to me now I've just tipped over 40 compared to when I was daft(er) and 17 - can't help but wonder what I'll think if I make another 20 years.
The more I look around at society I fear for the widening gulf in those that have and those that don't and don't feel confident for the next generation - it's not a strong society that doesn't improve the lot for those coming through. We'll do our best for Chucker minor but he's going to be up against it for sure.
p.s. We must be la-de-dah's actually as we have a boat; it's not quite the QE2 but did cost less than a new driver
SwingsitlikeHogan
Major Champion
That would do me just fine and dandy - and where me and Mrs SILH want to get to - and in the next couple of years we should be there.
Blue in Munich
Crocked Professional Yeti Impersonator
I don't think it's a case that it could be argued Brian, I think it's pretty much a given that the lifestyle oop Norf is a far better balance, the only downer would be having to watch Boro on a regular basis…………
V
vkurup
Guest
How do you categorise people as 'middle class'? I am told there is lower-middle, middle-middle and upper-middle these days
USER1999
Grand Slam Winner
Middle class to me is defined by aspiring to home ownership.
V
vkurup
Guest
As in getting on the ladder or paying off the mortgage?
Norrin Radd
Tour Winner
I know my place.
USER1999
Grand Slam Winner
No, getting on the ladder, or planning to.
Doon frae Troon
Ryder Cup Winner
The ability to afford a 4 bedroom detached property.
Rooter
Money List Winner
Woo hoo! I'm rich! Rich i tells you!!
Cash in my pocket today? 1:32... size of mortgage? huge.
Doon frae Troon
Ryder Cup Winner
I think that probably means you are not rich as you clearly cannot afford a four bedroom detached house.
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