were you at work last year?

[tcm]

In say september last year, you might have had say a house worth 200k, a job paying say 50K after tax, and a pound bought 1.60 euros, mebbe a bit more. Adjust these as appropriate.

This year the job oay not much more if at all, and the house will need to be dropped to 185 to sell.

But if one had sold the house and converted to 320,000 euros, then sailed about a bit in the med, spent 50k, then come back with say 280,000 euros convert it back at the current 1.4 euros rate you'd be a first time buyer with £200,000 able to buy the same house as last year and make 15 thousand quid after had 12 month holiday.

Sorry about this.

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[kimhollamby]

Best reason for a ban I\'ve seen for long time...

...that really hurt!

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[Observer]

An elegant exposition of the laws of mathematics. Unfortunately, however, "the value of currencies can go down as well as up".

If you have an infallibe method to predict which way the £/Euro is going to go next, do please share it and then we can all be happy and rich. Of course that is self-fulfilling because if we all dump currency A to buy currency B then currency B will appreciate because we're all buying it.

Hey - a GRQ scheme.

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[Rob_Webb]

Re: Best reason for a ban I\'ve seen for long time...

Well, you know what they say - there's no such thing as a good financial adviser or journalist 'cos if they were that good they wouldn't need to work any more!

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[ParaHandy]

Re: where would you keep it all??

i can just see you with 320,00 euros in a money belt or, if you kept it under the mattress, looking a bit hagard after a year of sleepless nights .....

coming to think about it ... if you got a sort of laundry to collect the class A drugs on all these notes you could have a high old time of it .... enough to last a year?

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[BrendanS]

Re: Reality bites

Sadly, it's a hypothetical exercise.

Taxes, estate agents fees, legal fees, mortgage fees etc would bite into that 15k rather rapidly.. Then you have the cost of converting pounds to euros, and vice versa.. Not as bad as a kiosk at Heathrow, but it's still gonna cost.

Count up the costs, and it's no longer so attractive

Don't kill the messenger, but it's cloud cuckoo land

<hr width=100% size=1>Err, let me know if Depsol enters the forum, I'll go and hide

 

[Gunfleet]

Not sure where this gets us. The year I left school you could buy a cottage in Bath for £250. Unfortunately my pay was £4 a week, so I was stymied. If someone had been kind enough to leave me £1000 I'd have bought 4 worth abt £1.5 mill at today's prices but all my relatives were as indigent and frankly stupid as me, so the hedge fund runs quite a bit short of that. If only I knew then things I know now. If only, in fact, you'd have bothered to tell me last year what you've just written, I'd have been better off. Ah well.

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[Mangusta]

Re: hindsight

So the prognosis for next year is....?

And wil lthe underwriter be tcm?

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[Peppermint]

Re: Dunno where you live

But houses round here don't need to be dropped to sell. The spiral continues upward.

Anyway I took a little punt on the euro without all that expensive sailing about.

So gained on the house, kept the less than taxing job and scored on the euro.

Lovely Jubbly.

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[milltech]

Re: Reality bites

My favourite bit from "That was the week that was".

Vote Labour and you build castles in the air, vote Conservative and you can live in them!

Cloud Cuokoo land exists out there somewhere.

<hr width=100% size=1>John
<A target="_blank" HREF=http://www.allgadgets.co.uk>http://www.allgadgets.co.uk</A>

 

[DepSol]

House prices drop in Guernsey? You're having a larf.

More like sell up leave lose out on the fx spend too much money in the med and come back to a 2 bed flat town house with no parking.

<hr width=100% size=1>Dom

<A target="_blank" HREF=http://www.soltron.co.uk>the website</A>

 

[Twister_Ken]

Ain\'t hindsight wunnerful? nm

`

<hr width=100% size=1><A target="_blank" HREF=http://www.writeforweb.com/twister1>Let's Twist Again</A>