£50k just isn't enough anymore...
Discussion
Ohhh, my first Daily Wail thread link 
http://www.dailymail.co.uk/femail/article-2013278/...
The family in Surrey are having to cancel the gym membership and 'think twice' about turning on the heating. They also complain about fuel prices, but what's that I spy? An R36 Passat...
http://www.dailymail.co.uk/femail/article-2013278/...
The family in Surrey are having to cancel the gym membership and 'think twice' about turning on the heating. They also complain about fuel prices, but what's that I spy? An R36 Passat...
MMm, earns £50k and has a £600k house - something doesnt add up there and my maths aint great.
And yes, well spotted that man - clearly one of the fastest depreciating cars on the market and they eat fuel. Cant make ends meet? Ditch the car and get a snotter - like thousands of other people have. And if its a company car, drop to something that will save £100's a month....
Oh, and shocker - more expensive house in leafy 'burb in the south costs more than something 'oop north. Thank christ for the Daily Whail - I never knew that!
P.S. I would suggest there are more £50k jobs down south than up north, so one might argue that this isnt necessarily comparing like-for-like
And yes, well spotted that man - clearly one of the fastest depreciating cars on the market and they eat fuel. Cant make ends meet? Ditch the car and get a snotter - like thousands of other people have. And if its a company car, drop to something that will save £100's a month....
Oh, and shocker - more expensive house in leafy 'burb in the south costs more than something 'oop north. Thank christ for the Daily Whail - I never knew that!
P.S. I would suggest there are more £50k jobs down south than up north, so one might argue that this isnt necessarily comparing like-for-like
Riley Blue said:
"Melanie says she feels disappointed that the family — who once took three holidays a year — are having to micro-manage their finances just to make sure they don’t exceed their income."
My heart bleeds... welcome to Britain in the 21st century!
My father earns a lot more than these families and 'proper' holidays with my parents were a once in 3-5 year thing (2 weeks in south of France type for example). Typically we might have a week at my Grandparents in Cornwall.My heart bleeds... welcome to Britain in the 21st century!
Always found it strange that people on low/modest incomes seem to think at least 1 foreign holiday every year is some kind of right. They love to throw money down the drain.
Du1point8 said:
So let me get this correct?
Is this a joint income after tax or before it?
Or are they both on roughly £33500 to get a take home of £25k each?
£33500 is not exactly making a comfortable income is it?
That was my thought as well. If it's 50k before tax, then how on earth are then in a house worth 600k with, as they put it 'a large mortgage'?Is this a joint income after tax or before it?
Or are they both on roughly £33500 to get a take home of £25k each?
£33500 is not exactly making a comfortable income is it?
It makes about as much sense as the article I read in Autocar the other day whilst in the DRs waiting room. A lady who wanted to buy a £65k X5 and would put down £5k deposit and borrow the rest on her mortgage!
I wouldn't be surprised if the Sewell's spend half their income on repaying debts.
50k is a good wage, but it is not 600K house, 3 holidays a year and flash car money. Unless you're very frugal/savvy in other ways.
Their firm belief that house prices will keep rising indefinitely and be enough to look after their retirement is rather optomistic too.
50k is a good wage, but it is not 600K house, 3 holidays a year and flash car money. Unless you're very frugal/savvy in other ways.
Their firm belief that house prices will keep rising indefinitely and be enough to look after their retirement is rather optomistic too.
ClintonB said:
Serious whiff of bulls
t about the whole article IMO.
If nothing else, 50k simply has to be take home rather than gross, otherwise I for one am doing something very wrong. 600k house, multiple annual holidays and a thirsty 30k car, all off 3k a month.
Chinny reckon!
Just been doing the sums. The income for an Occupational Therapist is likely to be around £25k (my wife is one), so if it's £50k before tax that means they have £3k per month as you say. t about the whole article IMO.If nothing else, 50k simply has to be take home rather than gross, otherwise I for one am doing something very wrong. 600k house, multiple annual holidays and a thirsty 30k car, all off 3k a month.
Chinny reckon!
Give them some benefit of the doubt and say they have a mortgage of £250k which with a duration of 20 years means they will be paying about £1500 per month on the repayment.
Like you say, something doesn't quite add up...
theboyfold said:
ClintonB said:
Serious whiff of bullst about the whole article IMO.
If nothing else, 50k simply has to be take home rather than gross, otherwise I for one am doing something very wrong. 600k house, multiple annual holidays and a thirsty 30k car, all off 3k a month.
Chinny reckon!
Just been doing the sums. The income for an Occupational Therapist is likely to be around £25k (my wife is one), so if it's £50k before tax that means they have £3k per month as you say. t about the whole article IMO.If nothing else, 50k simply has to be take home rather than gross, otherwise I for one am doing something very wrong. 600k house, multiple annual holidays and a thirsty 30k car, all off 3k a month.
Chinny reckon!
Give them some benefit of the doubt and say they have a mortgage of £250k which with a duration of 20 years means they will be paying about £1500 per month on the repayment.
Like you say, something doesn't quite add up...
rover 623gsi said:
perhaps when they bought their house it wasn't worth £600k?
Possibly so, equally, it may have appreciated overall. Mortgage at 40% of income, assume £50k is gross so take home is about £35.5k if so then the mortgage payments are £1200 per month. Or if the percentage is of gross income it's £1650For the house price, guess a deposit and select a mortgage product
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff