you are viewing a single comment's thread
view the rest of the comments
[–] 41 points 5 days ago (5 children)
  • [–] 17 points 5 days ago (2 children)

    I wish quitting meant a six figure windfall in my profession....

  • source
  • parent
  • hideshow 2 child comments
  • [–] 0 points 5 days ago (1 child)

    If you're quitting because of this, it probably means you have a buy-to-let mortgage, quite possibly on a long term/interest only. You might therefore not get that much back, and what you do get back is essentially a liquidation of your savings asset.

    But I guess what you're getting at seen another way is that it's nice when your savings can pay enough for you to retire.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 3 points 5 days ago

    If you had a fixed interest only mortgage from several years ago that is now expiring you are also about to get fucked by the increased interest rates. Not as bad as they were a few years ago but could still be a lot worse than a decade ago.

    No need to feel any sympathy for them, they are still making a shitload of money for little to no actual work from the whole thing.

  • source
  • parent