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Inflation soars out of control [Albo big fail]

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Nomen Nescio

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Oct 25, 2023, 5:06:25 AM10/25/23
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Your mortgage is going up! Are you ready to be homeless?
Can you afford to feed your kids?

Rod Speed

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Oct 25, 2023, 1:44:47 PM10/25/23
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Nomen Nescio <nob...@dizum.com> wrote

> Your mortgage is going up!

Dont have a mortgage, so that can't happen.

> Are you ready to be homeless?

Not going to happen.

> Can you afford to feed your kids?

They are old enough to feed themselves
and have done for more than 60 years
and dont have a mortgage either.

WhataWonderfulWorld

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Oct 25, 2023, 11:39:25 PM10/25/23
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"Rod Speed" <rod.sp...@gmail.com> wrote in news:op.2ddswsyubyq249
@pvr2.lan:
Same here,I do like getting some interest for a change on savings.
Mind you i'd hate to be 20 odd now and trying to get a career that is
pretty well safe, A Mortgage, and a couple of kids at school, Must he a tad
hard nowdays

Rod Speed

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Oct 25, 2023, 11:55:13 PM10/25/23
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WhataWonderfulWorld <thunnusa...@hotmail.com> wrote
> Rod Speed <rod.sp...@gmail.com> wrote
>> Nomen Nescio <nob...@dizum.com> wrote

>>> Your mortgage is going up!

>> Dont have a mortgage, so that can't happen.

>>> Are you ready to be homeless?

>> Not going to happen.

>>> Can you afford to feed your kids?

>> They are old enough to feed themselves
>> and have done for more than 60 years
>> and dont have a mortgage either.

> Same here,I do like getting some interest for a change on savings.

I have so much vast accumulated wealth that it will be impossible
to spend it all at the rate that I spend it before I cark it now, so that
is quite academic. I haven't even bothered to apply for a part pension
even tho that would save me quite a bit for that reason.

> Mind you i'd hate to be 20 odd now and trying to get a career thatis
> pretty well safe, A Mortgage, and a couple of kids at school,

There are still plenty of very safe jobs still available
if you have enough of a clue to get qualified

While in theory there is a problem with buying a house
I have been watching 3 of my mates who are that age
doing it right now, admittedly in a country town but
still with total house value of $550K, all having a new
house built for them. One does casual work, grape
vine pruning and training, the other one works for
himself as a house painter. Forget what work the
other one's husband does. None of the wives work.

> Must he a tad hard nowdays

I thought that until I helped them all to do that.
The first one had to work for by far the biggest
chook/turkey/duck operation in the entire
southern hemiphere as a forklift driver to get
the mortgage, but quit as soon as he got the
loan because he hates that work.

Peter Jason

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Oct 26, 2023, 2:48:25 AM10/26/23
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I had a part-time employee once, long ago, with a wife and three
kids. The family's aim was to buy a house without borrowing money.
The husband had 3 jobs; the driver of a milk tanker from the dairies
into town (starting at 4am), a full time job after that, and a night
job with me until 8pm. His wife had a full time job also. The
kids went to school and sometimes would be with their father while he
worked with me.
I do not know how they ended up, but I admired their resolve.

How much do you pay back to the bank with a typical mortgage?
Three times? Four times? Likely 4 times.


Rod Speed

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Oct 26, 2023, 2:37:12 PM10/26/23
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Depends on when it was and the interest rates
at the time and how much you can repay much
faster than you are legally required to do.

There is no nice tidy number.
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