How much do you owe ?

[Dave Martin]

Are you including equity in property? If so I own minus something! My equity far out weighs any other borrowing by about 100K, ( I was lucky on my house purchase) but I couldn't afford to move house to a larger property, and I probably couldn't even get a mortgage now to buy my own house at the original purchase price let alone what its worth now!!

 

Its all relative!

 

You can't put a figure on quality of life!!!

 

No ... its how much do you owe ... not how much are you worth

[bob]

£623.92

all to Fr Jones:blushing:

But arborcoms were something i wanted:thumbup:

[Wee Jim]

I owe about £15,000 thats breaks down into finance for my mini digger and my transit tipper, a small overdraft and my credit card all of which i am paying off and hopefully will eventually be debt free. I only have these debts like most of you becasue i was building my company into a position i could take on more work and survive in the competitive market. Even though i am in debt i have never been happier!!

[Big J]

Around £25,000 all in I think. Wife's endless years as a student, plus years of poorly paying jobs, plus starting a business. Not excessive given the circumstances I think!

[Tony Croft aka hamadryad]

126-7 k

[TimberCutterDartmoor]

£95k and no mortgage which scares the crap out of me. Currently selling everything from vintage saws to old hifis to try to make headway. 87k of it is interest free tho. That's just from setting up an arb division 2 years ago - horrendous. Yes the gear and investment has whacked up the turnover but margins are terrible - unsustainable with not running leaner and meaner.

[Rupe]

No ... its how much do you owe ... not how much are you worth

 

Oh, ok then, 97K on mortgage and another 15K on top of that.

[Rupe]

126-7 k

 

Do you own your house Tony?

[Tony Croft aka hamadryad]

if it WAS how much are you worth,mmmm i would be in doo do!

 

now thats got me thinking! what am I worth?

[Tony Croft aka hamadryad]

Do you own your house Tony?

 

Yes Rupe, about 40% of it anyways:001_smile: