Pensions
#31
(09-06-2021, 10:33 AM)Protheroe Wrote: Can you clarify the "effort" you made to increase the value of your house by 14% ish in the last year? or 8% the year before? This is wholly speculative unearned wealth.

It's not other kids job to underwrite the value of our assets so we can pass them onto our kids, particularly when we've crowded them out of the housing market. I'm as guilty of this as the next person, more so as I have a stake in several other properties.

If the accumulation of wealth over a working lifetime is not for seeing you through your retirement years, then what is it for?

We made efforts and sacrifices simply to hold on to our house , especially in the early years. Then later on we took out more loans to extend the property, again forgoing little luxuries for some years. I made the effort and sacrifice to pay into a private pension and contributed to works schemes when on relatively low wages. I even sacrificed thousands of my disposable income to improve my education. Partly in an “effort” to improve my lot. That’s the effort we made. I can also assure you, using other similar houses in the street as a yard stick, that the value of our home has not risen 14% in one year. (One or more  of yours may have).

As for your last question, my wife and I did “accumulate” an amount of money (NOT WEALTH) precisely to see us “through” our retirement, in a small degree of comfort and worry free. We  have not been able to acquire “several” properties, a portfolio of shares and a stash of gold ingots but you, from your, obviously better off position, want us to now forgo the little bit of comfort we were hoping and strived for. For which we  worked and denied ourselves all our 51 plus years of working life.
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Messages In This Thread
Pensions - by Tom Joad - 08-23-2021, 07:38 PM
RE: Pensions - by Ossian - 08-23-2021, 08:09 PM
RE: Pensions - by Borin' Baggie - 08-23-2021, 09:08 PM
RE: Pensions - by JOK - 08-24-2021, 07:00 AM
RE: Pensions - by baggy1 - 08-24-2021, 08:22 AM
RE: Pensions - by Protheroe - 09-01-2021, 08:57 AM
RE: Pensions - by baggy1 - 09-01-2021, 09:25 AM
RE: Pensions - by Protheroe - 09-01-2021, 01:40 PM
RE: Pensions - by baggy1 - 09-01-2021, 01:54 PM
RE: Pensions - by Fido - 09-02-2021, 07:30 AM
RE: Pensions - by Borin' Baggie - 09-02-2021, 08:24 AM
RE: Pensions - by baggy1 - 09-02-2021, 08:39 AM
RE: Pensions - by Fido - 09-02-2021, 09:15 AM
RE: Pensions - by baggy1 - 09-02-2021, 09:21 AM
RE: Pensions - by Fido - 09-02-2021, 09:58 AM
RE: Pensions - by baggy1 - 09-02-2021, 08:19 AM
RE: Pensions - by Protheroe - 09-02-2021, 10:05 AM
RE: Pensions - by Ossian - 09-02-2021, 12:08 PM
RE: Pensions - by JOK - 09-04-2021, 06:56 AM
RE: Pensions - by Protheroe - 09-06-2021, 10:33 AM
RE: Pensions - by JOK - 09-07-2021, 06:52 AM
RE: Pensions - by baggy1 - 09-02-2021, 10:06 AM
RE: Pensions - by Protheroe - 09-02-2021, 03:41 PM
RE: Pensions - by Ossian - 09-02-2021, 03:50 PM
RE: Pensions - by baggy1 - 09-02-2021, 04:03 PM
RE: Pensions - by foreveralbion - 09-04-2021, 08:31 AM
RE: Pensions - by Tom Joad - 09-05-2021, 11:40 AM
RE: Pensions - by baggy1 - 09-05-2021, 12:28 PM
RE: Pensions - by baggy1 - 09-06-2021, 11:49 AM
RE: Pensions - by Protheroe - 09-06-2021, 12:31 PM
RE: Pensions - by baggy1 - 09-06-2021, 01:40 PM
RE: Pensions - by Protheroe - 09-07-2021, 10:38 AM
RE: Pensions - by Birdman1811 - 09-07-2021, 12:45 PM
RE: Pensions - by Protheroe - 09-07-2021, 06:17 PM
RE: Pensions - by Tom Joad - 09-07-2021, 06:20 PM
RE: Pensions - by Birdman1811 - 09-07-2021, 09:03 PM
RE: Pensions - by JOK - 09-08-2021, 08:47 AM
RE: Pensions - by Birdman1811 - 09-08-2021, 08:59 AM
RE: Pensions - by Protheroe - 09-08-2021, 08:49 AM
RE: Pensions - by Derek Hardballs - 09-08-2021, 09:16 AM
RE: Pensions - by Birdman1811 - 09-08-2021, 09:38 AM
RE: Pensions - by Fido - 09-08-2021, 09:42 AM
RE: Pensions - by JOK - 09-09-2021, 07:38 AM
RE: Pensions - by Derek Hardballs - 09-09-2021, 07:42 AM
RE: Pensions - by JOK - 09-11-2021, 07:02 AM
RE: Pensions - by Derek Hardballs - 09-11-2021, 07:35 AM
RE: Pensions - by JOK - 09-12-2021, 08:04 AM
RE: Pensions - by Derek Hardballs - 09-12-2021, 08:54 AM
RE: Pensions - by JOK - 09-13-2021, 07:16 AM
RE: Pensions - by Derek Hardballs - 09-13-2021, 07:39 AM
RE: Pensions - by Birdman1811 - 09-08-2021, 09:51 AM
RE: Pensions - by Fido - 09-08-2021, 09:56 AM
RE: Pensions - by Tom Joad - 09-08-2021, 12:54 PM
RE: Pensions - by Borin' Baggie - 09-08-2021, 01:33 PM
RE: Pensions - by Derek Hardballs - 09-08-2021, 01:48 PM
RE: Pensions - by Birdman1811 - 09-08-2021, 01:07 PM
RE: Pensions - by Birdman1811 - 09-09-2021, 08:28 AM
RE: Pensions - by Tom Joad - 09-09-2021, 06:42 PM
RE: Pensions - by Birdman1811 - 09-10-2021, 04:51 AM
RE: Pensions - by Protheroe - 09-10-2021, 10:53 AM
RE: Pensions - by Borin' Baggie - 09-10-2021, 11:17 AM

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