What’s your financial situation

[carryharry]

@The_Most_Infamous

…96k was the difference between a 25 and 35 year mortgage in my case. A no brainer to go with 25 years.Was a very modest mortgage as well in comparison to others.Luckily, we’ve gone sale agreed now with a 30% uplift in price 4 years later. Househunting now again.

Build.

[Ambrose_McNulty]

Don’t build for fuck sake. Greatest waste of money.

[carryharry]

At current house prices for something decent to then pump more money into it. All this money gone in & your looking at things you can’t change.
Build if on the money is finished up to modern specs, will be more efficient to heat etc. Done the way he wants it, done for good.

[anon7035031]

Wait for the next crash, it’s coming.

[Ambrose_McNulty]

It’s more expensive to build a house than it is to buy one. It’s gone bananas the last few years.

[anon78624367]

Unless you can do the work yourself

[KinvarasPassion]

@Spidey

As someone said before, the juice is in doing another job you enjoy in your spare time off the books that can bring in readies for nice holidays, kids etc and doesn’t impact on your periodic outgoing

Its tricky… You need to set limits around this stuff. If you don’t and get greedy you’ll build a world of pain in no time.

[Ambrose_McNulty]

Ya, but then you’re not out earning a wage.

[anon78624367]

I know a lad who was doing his house evenings and weekends in the summer and out working during the week.

[Ambrose_McNulty]

Did he build the whole lot himself?

[Fagan_ODowd]

@Mac

Why are Irish people fascinated about getting rid of mortgages or paying off early? Tis the cheapest money you’ll ever borrow

For every person who perceived themselves to have been mugged off by the Irish banks there must have been a hundred who unwittingly mugged off the banks by taking the offer of a tracker mortgage. They are the best financial wheeze ever.

[anon78624367]

He did the ground work and all the block work. Did the windows etc. He didnt do the plumbing or electric

[Raylan]

I do know a good mate that lifted a piece at at time to build his own house, and did a fine job of it

[glenshane]

I’m just about getting along…but I’d have to be a millionaire to live like this in Monaco

[Your_Mums_Athletic]

@StoneCold

Reduce the savings?

Another bugbear is 130 a month to Irish Life for mortgage protection and life insurance

If it is a one plan go to a broker and get rid of it. Might knock €30 a month off it. Irish Life are expensive for these things.

You could get a decent dual plan for handy money, ie it will pay on the death of both parties. If you passed the mortgage is gone, if your missus does within the plan the kids get the money. You can link it with a serious illness plan for similar money. Way smarter plan than Irish Life and their one plan. They are very expensive. Life cover is what it is, you have to die to get it. Royal London or even VHI will do way cheaper plans than them. I am guessing is your mortgage is with AIB. By any chance was it an in house advisor selling the plan?

[anon60384913]

I’ve about 40k in the bank, 5k in cash in my sock drawer and around 3k worth of ante post dockets for Cheltenham.

[glenshane]

Its just occurred to me that I’d have to be a millionaire to live like this in Singapore

[anon60384913]

@Little_Lord_Fauntleroy

I come from money so find it fascinating some of the hardships you guys went through or in ’s case are going through

[TheBlackSpot]

@anon60384913

5k in cash in my sock drawer

Where do you live? I know a boy or two would be interested in your sock drawer.

[glenshane]

Nothing worse than soggy banknotes