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[-] Etterra@lemmy.world 21 points 1 month ago

Sounds like he wasted all that money. A £500k bungalow? JFC with a million bucks I could buy a prefab house and a lot to plop it on and live the rest of my life until I inevitable drop dead from heart disease. Also RIP Bob. I wouldn't be surprised if whoever hit him didn't even realize it.

[-] bizarroland@fedia.io 6 points 1 month ago

A million dollars spread out over 12 years is not amazing money.

It's not like he got a million dollars and could have bought the house outright. He took out a mortgage because he had a respectable middle class income for 12 years.

[-] thetreesaysbark@sh.itjust.works 4 points 1 month ago

In the UK, that's pretty damn good money. If you are able to plan financially at all you can comfortably pay off a mortgage and live off that amount of money for the 12 years.

[-] NotMyOldRedditName@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

You could live off 35k forever and 40k probably forever.

Things would start dropping off more quickly after 40k

Odds are if you do 35k/40k for awhile you could also bump the amount eventually and remain in the forever or probably forever category.

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this post was submitted on 29 Sep 2024
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