50 ways to improve your finances.

Started by Basil, Aug 28, 2022, 06:06 PM

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Crackity

51. Encourage your  friends to buy expensive holes in the water instead of you.

What happened to the Riveira - give us the guts  8)

Basil

#2
Quote from: Crackity on Aug 28, 2022, 09:45 PM51. Encourage your  friends to buy expensive holes in the water instead of you.

What happened to the Riveira - give us the guts  8)

The port engine was well down on revs and there was some serious issue with that engine and / or driveline that the vendor would not allow me to investigate further.

Ferg

Sounds like you avoided a lemon / cash hole.  Boats and baches - more than happy for friends to buy them...!

That article with "50 ways" - reminds of the click bait title: "10 things you did not know about electric fences....number 4 will shock you".

Mousehold

Quote from: Ferg on Aug 29, 2022, 08:00 PMSounds like you avoided a lemon / cash hole.  Boats and baches - more than happy for friends to buy them...!

At least baches are an appreciating asset, or at least they were until recently. Quite a few for sale where we have ours.

Basil

#5
Quote from: Mousehold on Sep 01, 2022, 03:16 PMAt least baches are an appreciating asset, or at least they were until recently. Quite a few for sale where we have ours.

In tough times when interest rates rise, for any family with a mortgage the value of continuing to own a family bach that's effectively keeping the family in debt comes into serious question. The trouble is with so many people seeing their mortgage costs rise so dramatically I would think there will be a lot of families asking whether its better if they sell the bach and extinguish their mortgage.  I would think its likely there will be a significant imbalance between sellers and buyers in the foreseeable future as we move from an era of free money to one where reality bites quite hard.