Quoth nowhere@[EMAIL PROTECTED]
>Anen <anne.magee@[EMAIL PROTECTED]
> wrote:
>
>>Quoth Alan Brand:
>>
>>>On Fri, 22 Jun 2007 14:22:01 -0300, Anen <anne.magee@[EMAIL PROTECTED]
> wrote:
>>
>>>>This is rather a nice little place:
>>>>http://www.exitadvantage.ca/listing/26142/30-rockcliff-blvd
>>>>
>>>Very nice ... I hadn't realised that your house budget had been
>>>changed - congratulations on your recent lottery win.
>>
>>That's only about 15 times my house budget. Or do I mean 150 times?
>>Can't do mental arithemetic any more.
>>
>
>The exchange rate to British Pounds is $1 = £0.4628 today.
Is that Canajan dollars?
>That makes the place worth about £555,360.
Sounds more impressive in dollars.
>My current house is worth about £300,000 and rising rapidly (+20% in
>our area between August 2006 and April 2007), so a place like that
>might not be beyond the realms of possibility for me in a few years
>time.
Wow. I paid $97,000 five years ago and sold it for $119,500. (I
could've got more if I'd put laminate or wood flooring upstairs as
well as down and done other work, but the mortgage payments were so
high that I couldn't afford to.) Not exactly tripled in value like
yours, but it gives me enough to put a good down payment on a new
house and get myself a smaller mortgage payment.
>
>Although back in the real world, it ain't gonna happen.
>
>A more realistic possibility is this:
>I sell my house.
>I bought it for £100,000, so I make a clear profit of £200,000.
>I buy a house in Russia, where my wife comes from. That would set us
>back no more than £30,000 for a large house, leaving us with £170,000.
>Russian banks are currently paying 10% per year on savings accounts,
>so we'd earn £17,000 per year interest.
>
>That's way, way over the average Russian salary, so in effect, I could
>retire on it and live a life of luxury.
>(Yes, you CAN live a life of luxury in Russia)
But would you want to?
Anne, I'll stick to Canadia eh girl
--
Eschew obfuscation.
Photos at http://flickr.com/photos/anen/
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