That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
How much do you save?
- weeksy
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Re: How much do you save?
- Yorick
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Re: How much do you save?
I added the bit about essential job paying €35k
- weeksy
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Re: How much do you save?
Mmmmm still seems pretty strong. But it's their choice of course... If we're going anywhere it's more likely to be France anyway.
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Re: How much do you save?
I'm about 15 years into a mortgage, so until recently I was early doors and would much rather have very low rates!
As it happens, it looks like when I remortgage now I'll get even lower rates than when I did during the depths of the 2008/09 recession.
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Re: How much do you save?
Perhaps that's the idea, they don't want anyone there that might be a burden.
I'd be over the moon if I'd just moved somewhere and was safe, but then they pulled the ladder up so it was really hard for anyone else, it sort of guarantees your new neighbours won't be scrotes.
I always said I'd never be a millionaire, so if I ever get close to that cash amount in the bank it'll be given to the kids to keep me under, so it looks like Lanzarote is off the cards for us.
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Re: How much do you save?
Potter wrote: ↑Sun May 02, 2021 3:07 pmPerhaps that's the idea, they don't want anyone there that might be a burden.
I'd be over the moon if I'd just moved somewhere and was safe, but then they pulled the ladder up so it was really hard for anyone else, it sort of guarantees your new neighbours won't be scrotes.
I always said I'd never be a millionaire, so if I ever get close to that cash amount in the bank it'll be given to the kids to keep me under, so it looks like Lanzarote is off the cards for us.
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Re: How much do you save?
Mainland Spain will suffer badly without Brit tourism and I suspect that will spread to the canaries too. They may well lower their sights/conditions if post brexit they suffer from loss of income.
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Re: How much do you save?
I dunno...I quite fancy having a million quid in the bank earning 4-5% in dividends every year. Live it semi large while you still can then super fancy retirement home with gold plated bed pans and silk incontinence pads.