Who is this Matt & SportsItalia he talks about?

makeshiftUK

makeshiftUK

Member
Messages
1,092
CatmanV2 said:
'Carefully'

C
Click to expand...
I was one of these people… retail isn’t glamorous and neither is the take home pay, and balancing a mortgage on a 2-bed mid-terrace house whilst paying the bills allowed just enough to run a car, which was at the time my beloved V6 Probe! Even that wasn’t the height of sensibility given I should have chosen something with half the displacement and better fuel economy for the commute to Gatwick, but I ‘carefully’ made it work :)
 
CatmanV2

CatmanV2

Member
Messages
48,843
makeshiftUK said:
I was one of these people… retail isn’t glamorous and neither is the take home pay, and balancing a mortgage on a 2-bed mid-terrace house whilst paying the bills allowed just enough to run a car, which was at the time my beloved V6 Probe! Even that wasn’t the height of sensibility given I should have chosen something with half the displacement and better fuel economy for the commute to Gatwick, but I ‘carefully’ made it work :)
Click to expand...

As did we. 25 years ago we just about held onto a mortgage for a one bed flat, an old Pug 205 on total income of about £30k. We rarely drank, basically never ate out. Because that was just what we did

C
 
S

Simon1963

Member
Messages
819
CatmanV2 said:
As did we. 25 years ago we just about held onto a mortgage for a one bed flat, an old Pug 205 on total income of about £30k. We rarely drank, basically never ate out. Because that was just what we did

C
Click to expand...
Same here, I can remember when my first child was born in 1992 the 205 GTI had to go and was replaced by a fairly old Ford Fiesta 1.4 Ghia in gold with brown velour. Mind you mortgages where around the 10% mark in those days. Holidays weren’t even considered.
 
makeshiftUK

makeshiftUK

Member
Messages
1,092
CatmanV2 said:
As did we. 25 years ago we just about held onto a mortgage for a one bed flat, an old Pug 205 on total income of about £30k. We rarely drank, basically never ate out. Because that was just what we did

C
Click to expand...
It’s that type of perspective which makes me grateful, each day, of the opportunities I’ve been given and where I am today (sorry, massive thread drift)… I started on a 15k base and the only way to make ends meet was selling stuff ie. Commission at work… which on a very good year would add 6-7k to my yearly earnings. And that was HARD work… perhaps one of the highlights was dealing with drunk passengers on EasyJet flights to Larnaca at 5am who demanded we open our shop early/bashed on the shutters so they could buy travel adapters and headphones , not a place I ever want to revisit.
 
mjheathcote

mjheathcote

Centenary Club
Messages
9,038
Simon1963 said:
Same here, I can remember when my first child was born in 1992 the 205 GTI had to go and was replaced by a fairly old Ford Fiesta 1.4 Ghia in gold with brown velour. Mind you mortgages where around the 10% mark in those days. Holidays weren’t even considered.
Click to expand...

Yes mortgage rates were high, but house values low.
Our first cottage cost us £56k, sold 10 years latter for £220k
The interest rates dropped probably in half over that time.
For this reason not many could afford for interest rates we had in the early mid 90's.
 
Oneball

Oneball

Member
Messages
11,130
makeshiftUK said:
It’s that type of perspective which makes me grateful, each day, of the opportunities I’ve been given and where I am today (sorry, massive thread drift)… I started on a 15k base and the only way to make ends meet was selling stuff ie. Commission at work… which on a very good year would add 6-7k to my yearly earnings. And that was HARD work… perhaps one of the highlights was dealing with drunk passengers on EasyJet flights to Larnaca at 5am who demanded we open our shop early/bashed on the shutters so they could buy travel adapters and headphones , not a place I ever want to revisit.
Click to expand...

Camt think of anything worse than dealing with the general public they’re all wankers.

When I started in a pub the manager’s customer relations briefing was “this is a pub, they’re all ******, the customer is always wrong!”
 
CatmanV2

CatmanV2

Member
Messages
48,843
makeshiftUK said:
It’s that type of perspective which makes me grateful,
Click to expand...

That's it, isn't it? I am grateful for the opportunities and the skills I have. I won't forget where we started (wasn't even allowed to have a joint mortgage as my credit rating was so bad) not that I want to go back.

C
 
M

Mr Spoon

Member
Messages
407
mjheathcote said:
Yes mortgage rates were high, but house values low.
Our first cottage cost us £56k, sold 10 years latter for £220k
The interest rates dropped probably in half over that time.
For this reason not many could afford for interest rates we had in the early mid 90's.
Click to expand...

You are the first person I have come across who is open about the fact they were the right generation and were able to benefit from the ridiculous house price increases from the 90s to the 00's.

Lots of people who are 20+ years older than me, tell me how hard they had it. How difficult it was to pay 15% interest..... on a £30k loan.... So so hard, that lots of these people I have met, have felt rather clever that they bought a house for 20% of what they sold it for. Good for them.

So kudos to you @mjheathcote for acknowledging the house prices were low in value. Income for the masses has not increased at the rate house prices have.


I also love the " we didn't eat, we didn't go out, we routed through bins for food".... blah blah blah, every generation thinks they have it harder than the next. It's not different today, if you're not able to live on the income you have, find a better job or spend less.

I like life and the quality capitalism affords those who wish to put effort in enjoy. It is not different today than it was any generation in the view of the smarter you work, the better you will be. It is different today that house prices have become ridiculous fuelled by a generation who couldn't help themselves but borrow money. Would you like a new car added to your mortgage sir? Oh go on then.


Anyway, I have a strong dislike to the wealthy trying to hide their wealth, particular when it comes in the guise of being clever with property. If you are rich, say so, but for the love of god, do not try an pass off your life as hardship when we are on a Maserati forum in a world where the majority of my generation and beyond will not benefit from the financial windfalls that the housing market has created.

oh smileys not to offend. :tomato7::cool::p:as002::bigcry3:
 
mjheathcote

mjheathcote

Centenary Club
Messages
9,038
Mr Spoon said:
You are the first person I have come across who is open about the fact they were the right generation and were able to benefit from the ridiculous house price increases from the 90s to the 00's.

Lots of people who are 20+ years older than me, tell me how hard they had it. How difficult it was to pay 15% interest..... on a £30k loan.... So so hard, that lots of these people I have met, have felt rather clever that they bought a house for 20% of what they sold it for. Good for them.

So kudos to you @mjheathcote for acknowledging the house prices were low in value. Income for the masses has not increased at the rate house prices have.


I also love the " we didn't eat, we didn't go out, we routed through bins for food".... blah blah blah, every generation thinks they have it harder than the next. It's not different today, if you're not able to live on the income you have, find a better job or spend less.

I like life and the quality capitalism affords those who wish to put effort in enjoy. It is not different today than it was any generation in the view of the smarter you work, the better you will be. It is different today that house prices have become ridiculous fuelled by a generation who couldn't help themselves but borrow money. Would you like a new car added to your mortgage sir? Oh go on then.


Anyway, I have a strong dislike to the wealthy trying to hide their wealth, particular when it comes in the guise of being clever with property. If you are rich, say so, but for the love of god, do not try an pass off your life as hardship when we are on a Maserati forum in a world where the majority of my generation and beyond will not benefit from the financial windfalls that the housing market has created.

oh smileys not to offend. :tomato7::cool::p:as002::bigcry3:
Click to expand...

I wouldn't necessarily say we benefitted, first house was cheap (relative to now) but interest rates high, so mortgage to income was still high.
When we moved after 10 years, the house we then bought was even higher in price due to up sizing and the increase in house prices.
Interest rates lower but mortgage to income was still high and we had to start again on another 25 year term.
Biggest difference is back in the 90's it was easier to raise the necessary deposit, I did have to sell my lovely Alfa 33S Permanent 4 though for it!!
 
M

Mr Spoon

Member
Messages
407
mjheathcote said:
I wouldn't necessarily say we benefitted, first house was cheap (relative to now) but interest rates high, so mortgage to income was still high.
When we moved after 10 years, the house we then bought was even higher in price due to up sizing and the increase in house prices.
Interest rates lower but mortgage to income was still high and we had to start again on another 25 year term.
Biggest difference is back in the 90's it was easier to raise the necessary deposit, I did have to sell my lovely Alfa 33S Permanent 4 though for it!!
Click to expand...

I was applauding you for your upfront and open viewpoint. An Alfa i read... are you gluten for Italian reliability punishment :D
 
philw696

philw696

Member
Messages
25,537
Blimey you lot are quite lucky.
Am I the only mechanic on here that as well as having a mortgage and two kids was also giving a good chunk of money every week paying the Snap On man for my tools to earn my living.
 
You must log in or register to reply here.