Anen <anne.magee@[EMAIL PROTECTED]
> wrote:
>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?
Indeed. The Dollar of Canadia.
>
>>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.)
Been there!
>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.
Excellent. If there's one thing I really hate, it's paying a
mortgage, so I'd do almost anything to reduce my payments. When you
see exactly how much you pay over the full term, it seems totally
criminal.
Tripling in value over 7 years is exceptional - not the norm.
I struck lucky.
>>
>>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.
>But would you want to?
Possibly. I like Russia. Forget Moscow and St Petersburg. They're
not the true Russia. Too cosmopolitan and westernised.
The rest of Russia is much better. The people are more friendly and
would do anything to help anyone else. I guess that's one of the
better side-effects of living under a communist regime.
The only major down-side is that even though I could "retire" there,
I'd want to set up a business, which is very difficult for
non-Russians.
Not because of the bureaucracy - but because of the corruption of
local government, the police, and the Russian Mafia who come in
demanding protection money.
We're more likely to retire there when I reach "retirement age".
____
Chimaera
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