The truth hurts

[JtB]

And you sound surprised , does anybody use a garage this day and age for putting cars in ????

My wife and I both park our cars in the garage along with our road bikes. Any junk that we no longer use gets thrown away, why on earth store it?

 

[Slick]

My wife and I both park our cars in the garage along with our road bikes. Any junk that we no longer use gets thrown away, why on earth store it?

Just in case, or it might come in handy would be my guess.

 

[PaulB]

Doing the school run - or walk - this morning, one of the Mums in the playground complaining that someone had hit her car overnight, causing minor damage, and then legged it.

I asked her why she filled her double garage full of worthless rubbish but left her £45,000 Range Rooney Sport (not to mention her husbands X5M) parked at the kerbside if she was so bothered?

I still don't think she gets it.

Maybe, just maybe, she didn't want anyone to cause minor damage to her worthless rubbish? I know I'd kick off if someone dented the cardboard packaging on that item I can't quite recognise and has been on that middle shelf in the garage since Christmas 2008 and that's for damn sure!

 

[TheDoctor]

Actually I think it shows where their priorities lie and highlight their inability to sacrifice anything to get to where they need to be. Costs involved with running an average car could quite easily cover a mortgage, albeit for a longer period.

You really think so?
OK, let's crunch some numbers.
Assuming these grown up children run a £28000 Golf GTI, pay £3000 a year on insurance and servicing, and change it every three years, losing 50% to depreciation each time.
They drive 12000 miles a year at, what, 30 mpg and fuel at £6 per gallon - £2500 a year.
I make that £10500 a year. That average house price is £ 220 000.

That's at least 20 years of not running a car to buy the house, on my somewhat exaggerated figures.
Assuming that house prices don't go up faster than you're saving. Which they do.

 

[Slick]

You really think so?
OK, let's crunch some numbers.
Assuming these grown up children run a £28000 Golf GTI, pay £3000 a year on insurance and servicing, and change it every three years, losing 50% to depreciation each time.
They drive 12000 miles a year at, what, 30 mpg and fuel at £6 per gallon - £2500 a year.
I make that £10500 a year. That average house price is £ 220 000.

That's at least 20 years of not running a car to buy the house, on my somewhat exaggerated figures.
Assuming that house prices don't go up faster than you're saving. Which they do.

I meant in terms of monthly cost.

 

[Slick]

How much house could you get with your £10500 mortgage?

 

[screenman]

I am sometimes amused at the people who live at home in their late twenties and cannot get a deposit together, but somehow expect to be able to pay all the bills once they get that 110% mortgage.

 

[TheDoctor]

How much house could you get with your £10500 mortgage?

You could borrow about £140000 (if I've used the mortgage sites right)
Still need to save a deposit though. And walk everywhere for the next 25 years

EDIT - where I live, that wouldn't get you a one bedroom flat.

 

[Slick]

You could borrow about £140000 (if I've used the mortgage sites right)
Still need to save a deposit though. And walk everywhere for the next 25 years

So, it can be done if you are willing to sacrifice something? You could always buy that golf gti later on.

 

[TheDoctor]

We cross posted.
£140 000 won't get you a one bedroom flat where I live.
You might get a shared ownership place for £120000, so you've still got to rent the other half.
Or you might get a studio flat.
Golf GTI is suddenly looking more attractive.

 

[screenman]

We cross posted.
£140 000 won't get you a one bedroom flat where I live.
You might get a shared ownership place for £120000, so you've still got to rent the other half.
Or you might get a studio flat.
Golf GTI is suddenly looking more attractive.

Where you live is the line that stands out.

 

[Slick]

We cross posted.
£140 000 won't get you a one bedroom flat where I live.
You might get a shared ownership place for £120000, so you've still got to rent the other half.
Or you might get a studio flat.
Golf GTI is suddenly looking more attractive.

Which is why some have a home and some don't.

 

[TheDoctor]

Where you live is the line that stands out.

Stevenage really isn't all that, you know

 

[Slick]

Stevenage really isn't all that, you know

We know.

 

[Slick]

Just messing.