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Re: Inflation soars out of control [Albo big fail]

Cross-posted to 2 groups.

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On Thu, 26 Oct 2023 17:48:16 +1100, Peter Jason <pj@jostle.com> wrote:

> On Thu, 26 Oct 2023 03:39:22 GMT, WhataWonderfulWorld
> <thunnusalbacares@hotmail.com> wrote:
>
>> "Rod Speed" <rod.speed.aaa@gmail.com> wrote in news:op.2ddswsyubyq249
>> @pvr2.lan:
>>
>>> Nomen Nescio <nobody@dizum.com> wrote
>>>
>>>> Your mortgage is going up!
>>>
>>> Dont have a mortgage, so that can't happen.
>>>
>>>> Are you ready to be homeless?
>>>
>>> Not going to happen.
>>>
>>>> Can you afford to feed your kids?
>>>
>>> They are old enough to feed themselves
>>> and have done for more than 60 years
>>> and dont have a mortgage either.
>>>
>>
>> Same here,I do like getting some interest for a change on savings.
>> Mind you i'd hate to be 20 odd now and trying to get a career that is
>> pretty well safe, A Mortgage, and a couple of kids at school, Must he a  
>> tad
>> hard nowdays
>  I had a part-time employee once, long ago, with a wife and three
> kids.  The family's aim was to buy a house without borrowing money.
> The husband had 3 jobs; the driver of a milk tanker from the dairies
> into town (starting at 4am), a full time job after that, and a night
> job with me until 8pm.     His wife had a full time job also.  The
> kids went to school and sometimes would be with their father while he
> worked with me.
> I do not know how they ended up, but I admired their resolve.
>
> How much do you pay back to the bank with a typical mortgage?
> Three times?  Four times?   Likely 4 times.

Depends on when it was and the interest rates
at the time and how much you can repay much
faster than you are legally required to do.

There is no nice tidy number.

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Thread

Inflation soars out of control [Albo big fail] Nomen Nescio <nobody@dizum.com> - 2023-10-25 11:06 +0200
  Re: Inflation soars out of control [Albo big fail] "Rod Speed" <rod.speed.aaa@gmail.com> - 2023-10-26 04:44 +1100
    Re: Inflation soars out of control [Albo big fail] WhataWonderfulWorld <thunnusalbacares@hotmail.com> - 2023-10-26 03:39 +0000
      Re: Inflation soars out of control [Albo big fail] "Rod Speed" <rod.speed.aaa@gmail.com> - 2023-10-26 14:55 +1100
      Re: Inflation soars out of control [Albo big fail] Peter Jason <pj@jostle.com> - 2023-10-26 17:48 +1100
        Re: Inflation soars out of control [Albo big fail] "Rod Speed" <rod.speed.aaa@gmail.com> - 2023-10-27 05:37 +1100

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