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Post new topic   Reply to topic    Downsizer Forum Index -> Downsizing abroad
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Shan



Joined: 13 Jan 2009
Posts: 7091
Location: South Wales
PostPosted: Mon Dec 12, 11 1:23 pm    Post subject:  Reply with quote    

Thanks Shane - this is the sort of info we are trying to put together.

We wanted a list of non-negotiables plus negotiables and your list pretty much, I think, falls into what we consider to be non-negotiable. I hadn't thought of the yearly trip for family visits - so that has gone on the list.

I don't think we would get that level of leavebecause the company Mr Shan works foris notoriously tight ars*d on leave - he only gets 20 days a year. It is one of the things they would be particularly stubborn about but our non-negotiable on that would be no less than 20 days.

Shane



Joined: 31 Oct 2005
Posts: 3040
Location: Doha. Is hot.
PostPosted: Tue Dec 13, 11 4:36 am    Post subject: Reply with quote    

My brother-in-law (and sister, obviously!) went out a few years ago because the US office of his company desperately needed someone with his expertise out there and they couldn't find anyone in the states. He said he wanted the same amount of holiday as in the UK. They refused to give more than the standard two weeks, so he said he wasn't going. They then relented, and out he went. Apparently, his coworkers used to look down on people that even took their two weeks a year, so they were none to impressed when he insisted on taking a full five weeks. Fortunately, he couldn't give a flying wotsit and took the full monty every year anyway!

Shane



Joined: 31 Oct 2005
Posts: 3040
Location: Doha. Is hot.
PostPosted: Tue Dec 13, 11 4:39 am    Post subject: Reply with quote    

PS. You may find that if your man goes out on a US contract, you may have to give up on the annual flight allowance, but I'd still insist on flights home and compassionate leave if there's a death in the family. You may also have to let transport allowance go, too, but if you don't ask...

Kenworth



Joined: 04 Apr 2011
Posts: 855
Location: Michigan
PostPosted: Tue Dec 13, 11 6:03 am    Post subject: Reply with quote    

Shan wrote:


Kenworth: we currently live in a rural spot and have 7 acres of land with stables, etc. We wouldn't want to live in Bowling Green - I'm not a city peson but we would want to find some sort of similar set up - where would you recommend that is within an hour of bowling green? 1 hour is the current commute to work.


Drive 15 minutes away from Bowling Green and you are in the country. I believe you could have as much acreage as you wanted. I certainly don't believe you would have to travel 1 hour to get the same situation you are in now.

Shan



Joined: 13 Jan 2009
Posts: 7091
Location: South Wales
PostPosted: Tue Dec 13, 11 8:01 am    Post subject: Reply with quote    

Shane: if the package is financially lucrative enough, then we would be negotiable on annual flights or travel allowance. Nothing is set in stone yet.

Kenworth: Thanks for that - quite re-assuring!

Another question: I get the impression that renting is almost as expensive if not more so thany buyin property? Bear in mind, I have only looked at a few property websites.

Shane



Joined: 31 Oct 2005
Posts: 3040
Location: Doha. Is hot.
PostPosted: Tue Dec 13, 11 8:48 am    Post subject: Reply with quote    

Isn't renting usually more than buying? It certainly is in the UK!

Shan



Joined: 13 Jan 2009
Posts: 7091
Location: South Wales
PostPosted: Tue Dec 13, 11 9:06 am    Post subject: Reply with quote    

Renting in the UK is a lot less than buying - I have rented for the last 8 years and similar properties that I have rented - the rent would not even cover the interest payments if it was a mortgage. Probably why house prices in the UK still have a long way to fall.

arvo



Joined: 04 Dec 2006
Posts: 3321
Location: Somerset
PostPosted: Tue Dec 13, 11 10:16 am    Post subject: Reply with quote    

I toured through many of the lake states including OH (we did Cleveland I think), when I was just out of college. I remember it being classically flat as we drove from place to place. Dead straight road, fields either side, blue sky overhead and 100m to the next gas station. The towns (ie bigger than a gas station/711) in that part of the world I remember being really nice. I think you'd have miles less trouble with planning over there too. I think if you want to bang up a clapboard house or a second shed there are considerably less rules and regs.

I remember a beautiful day down by the lakes looking out over a huge flock of geese towards Canada. Just don't remember what State I was in (due to the state I was in: another story.)

Nick



Joined: 02 Nov 2004
Posts: 33683
Location: Hereford
PostPosted: Tue Dec 13, 11 10:21 am    Post subject: Reply with quote    

Shane wrote:
Isn't renting usually more than buying? It certainly is in the UK!


Dunno. We rent two houses out, valued at around 200,000 each. They rent for between 600 and 850 PCM. What would that figure get your for a mortgage, over what period, and with what deposit?

I genuinely dont know.

Shane



Joined: 31 Oct 2005
Posts: 3040
Location: Doha. Is hot.
PostPosted: Tue Dec 13, 11 10:51 am    Post subject: Reply with quote    

We rent out our house for more than the monthly mortgage payments. For a few years before we bought I'd looking into buying, and monthly mortgage payments were always less than monthly rental payments - I just never stayed in one place long enough to make buying worthwhile!

I guess it depends on where you are in the country as much as anything.

Shan



Joined: 13 Jan 2009
Posts: 7091
Location: South Wales
PostPosted: Tue Dec 13, 11 11:13 am    Post subject: Reply with quote    

On 200,000 at an interest rate of 3% (very conservative) over 20 years, the monthly repayment is: 1,120

at 4%: 1,226
at 5% 1,337
at 10%: 1,957

This does not include maintenance or insurance.

We are renting a house worth approximately 400,000 - we pay 1,280 a month.

Nick



Joined: 02 Nov 2004
Posts: 33683
Location: Hereford
PostPosted: Tue Dec 13, 11 11:16 am    Post subject: Reply with quote    

It'll depend on the deposit you're putting down, I guess.

Shan



Joined: 13 Jan 2009
Posts: 7091
Location: South Wales
PostPosted: Tue Dec 13, 11 11:20 am    Post subject: Reply with quote    

arvo wrote:
I toured through many of the lake states including OH (we did Cleveland I think), when I was just out of college. I remember it being classically flat as we drove from place to place. Dead straight road, fields either side, blue sky overhead and 100m to the next gas station. The towns (ie bigger than a gas station/711) in that part of the world I remember being really nice. I think you'd have miles less trouble with planning over there too. I think if you want to bang up a clapboard house or a second shed there are considerably less rules and regs.

I remember a beautiful day down by the lakes looking out over a huge flock of geese towards Canada. Just don't remember what State I was in (due to the state I was in: another story.)


It certainly sounds interesting. We will have to see what deal is offered - although I would miss the hills of Wales terribly.

Behemoth



Joined: 01 Dec 2004
Posts: 18989
Location: Leeds
PostPosted: Tue Dec 13, 11 12:19 pm    Post subject: Reply with quote    

Wouldn't you just!
http://g.co/maps/esjbf

Shane



Joined: 31 Oct 2005
Posts: 3040
Location: Doha. Is hot.
PostPosted: Wed Dec 14, 11 3:50 am    Post subject: Reply with quote    

Shan wrote:
On 200,000 at an interest rate of 3% (very conservative) over 20 years, the monthly repayment is: 1,120

at 4%: 1,226
at 5% 1,337
at 10%: 1,957

This does not include maintenance or insurance.

We are renting a house worth approximately 400,000 - we pay 1,280 a month.
Where we lived (and still own a house), you pay 1200 quid a month for a 200,000 pound house. That alters the economics somewhat, especially as the mortgage will be less than 200,000.

I need to find the Alt+ code for a pound sign.

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