What do you spend your spare cash on?

[Ivor Windybottom]

Landlording these days is basically drinking the blood of the young.

The wealth gap is so huge it's a national scandal. Inter-generational warfare will be coming soon.

 

[Brigadier]

Landlording these days is basically drinking the blood of the young.

The wealth gap is so huge it's a national scandal. Inter-generational warfare will be coming soon.

Do you write for the Mail?

 

[Justin Passing]

they do tak

quite a strange post really estate agents will have little idea off actual poverty food banks will ??
get your information about rent increases from an estate agent will be fine but in general there will be zero social input or zero moral input as that is not their job, and it should never be as they are fully there to serve your interests
iff you want a society with a social conscience, you need a game plan that needs a social element in then private housing market you will need you to accept a reduced return on your investment to fund your social element perhaps 5-8% to help fund those less fortunate in society in general or via a reduced rent for some the choice is fully yours

It was a change of subject mid-post, sorry!.
This particular Letting/EA is more of a "screw them for all you can get away with" guy than most. Maximises his income, sure.
I met them when they moved in - a decent small family, hmmm. I'll check with the gas man, he was in recently.

 

[Ivor Windybottom]

Do you write for the Mail?

No. But I don't think oldies appreciate just how shafted the under 40s are.

They may rise up one day, if they stop moaning at each other online about it for long enough to actually do something.

If I was lucky enough to have houses to rent out then I'd definitely have some moral issues with raising rents. I wouldn't be treating it as a bit of a casual laugh and joke anyway.

This country is extremely divided between rich vs poor, which is mostly old vs young. Obviously the older have always had the greater wealth due to a lifetime of earning, acquiring and saving. But the degree of difference is much bigger than ever before. Young people paying high rents to older landlords just widens this gulf.

 

[diy_fun_uk]

My thinking too, you just never know what is just around the corner. Friends do pester me to spend money on this, or that, buy a new car, replace the kitchen or bathroom, but WHY? Bathroom does all that a bathroom needs to do, kitchen I fitted, and it works now, just as it did when I designed and installed it. Car passes it's MOT every year, without problems, never causes me any issues.

Besides, what is more interesting than seeing a bank and investment balance, that increases, month after month

Yeah I'm similar. Each to their own and all that, however I'm not one for regularly buying new stuff whether clothes, cars or stuff for the house. Probably influenced by me living on my own and the fact I don't have cash to burn. If I won Lotto I don't doubt I'd buy myself nice stuff, however it's not a priority for me. I'd rather put my money into mortgage overpayments and my S&S ISA ... which I wish I'd started doing a decade ago!

(I have a coat that's 10+ years old, I still look on it as 'new' )

 

[Harry Bloomfield]

This country is extremely divided between rich vs poor, which is mostly old vs young. Obviously the older have always had the greater wealth due to a lifetime of earning, acquiring and saving. But the degree of difference is much bigger than ever before. Young people paying high rents to older landlords just widens this gulf.

When I was young, I remember struggling much, much more, than I see people of a similar age struggle today. What I did then, was do without.

 

[Ivor Windybottom]

I reckon that a lot of the spending that goes on isn't to serve a need or even a want. Many people have just become a cog in the giant machine of consumerism, and feel the need to buy more stuff whenever they have some money.

Personally I'm happy to wear cheap but warm clothes, eat simple but nutritious home-made food and have a pile of money in the bank. I could wear a load of designer crap and have waiters serve food to me but I don't actually want this.

This urge to spend seems shallow to me, perhaps there's some deeper need that buying stuff helps to distract from.

 

[Jimboishere]

Personally I'm happy to wear cheap but warm clothes, eat simple but nutritious home-made food and have a pile of money in the bank. I could wear a load of designer crap and have waiters serve food to me but I don't actually want this.

This urge to spend seems shallow to me, perhaps there's some deeper need that buying stuff helps to distract from.

It's less about distraction, more about creating an image of "that" lifestyle. Age of social media and sharing everything kinda forced people into that direction, especially younger folks
Even if they are not actively sharing it on the socials, it still comes up in small talk at work, etc. At least that's my take on that. It's kinda same with hunting whenever I visit my folks in Texas(moved like 5 years ago). Whenever I visit 'em there are a bunch of tacticool hunters in full camo(meanwhile I'm rocking my old flanel and orange vest from local hunting store ) Not ready to drop a few gran on camo.

 

[JP_]

Spare cash? What is that?!

 

[diy_fun_uk]

No. But I don't think oldies appreciate just how shafted the under 40s are.

They may rise up one day, if they stop moaning at each other online about it for long enough to actually do something.

If I was lucky enough to have houses to rent out then I'd definitely have some moral issues with raising rents. I wouldn't be treating it as a bit of a casual laugh and joke anyway.

This country is extremely divided between rich vs poor, which is mostly old vs young. Obviously the older have always had the greater wealth due to a lifetime of earning, acquiring and saving. But the degree of difference is much bigger than ever before. Young people paying high rents to older landlords just widens this gulf.

Do you realise how insulting your post is? Many 'oldies', some of whom might well be comfortably off now, will have struggled financially in their earlier years. I suppose it's the allowed ignorance of 'the young' (see, we can all lump categories of society together ) to think they're the first to suffer whatever socioeconomic challenge.

I rent out a couple of flats. Yes I bought them x years back to bolster my pension pot. They are mortgaged. Let me give you an example relating to one of them. I bought it in 2007 for ~£75k. What's it valued at now, some 15-16 years later? £80k tops. When I started renting it out back then, I think I got ~£380 per month. What's the rent risen to 15-16 years later? £450 per month. A MASSIVE mathematical rent increase of £4.66 per year.

The other flat I rent out is a similar story. I provide decent properties at a reasonable rent to people who want to live there. Private rents suits renters for a variety of reasons.

But yeah, as you can see, I'm RAKING it in. Anyway must dash, the Ferrari's due in for a service. Yep, all landlords are millionaires ...

p.s. the entire world is extremely divided between rich and poor. Always has been, always will be. Anyone who thinks different is either deluded, misinformed, thick or a combo of all three.

 

[Harry Bloomfield]

Spare cash? What is that?!

It's what is left over, if what you spend, is less than your income.

 

[ReganAndCarter]

Landlording these days is basically drinking the blood of the young.

The wealth gap is so huge it's a national scandal. Inter-generational warfare will be coming soon.

Unfortunately it's all down to our politicians. They've stopped investing in and providing social housing to a large extent. All the while they've massively increased the population.

 

[Brigadier]

.............................. our politicians.......... they've massively increased the population.

Boris has

 

[Dork Lard]

Home ownership is a relatively recent trend, it wasn't until the 70's that owner / occupiers outnumbered renters.

While I do fear what the future will bring for our young, I'm also happy that it is capitalism & not socialism/communism that is steering the changes.

 

[transam]

The Hayabusa you can/could? rent for use at Elvington . . . I have my ticket stamped with 203.8mph single pass. One of my biggest regrets in life is not going top fuel for a 300mph run . . . . But that was silly money.

Elvington used to run the George Brown memorial sprint

One meet up there I went to the quickest bike if the day was a 1960 super charged 500 Triumph that went through the quarter mile at 155 mph