When my Mum went into a residential home, it had almost the atmosphere that half a dozen elderly people had pooled their resources, bought a big house between them, and used their remaining capital and incomes to pay for people to look after them. It was actually a small commercial operation, but gave me the idea that this was a good way to go. It's one of many inspirations that led to the idea of creating Eco-Hamlets.tattercoats wrote:I wimped out recently at a meeting where affordable homes for single elderly folk were being discussed. I wanted to say 'what about moving in with each other, frienss, family members, and saving resources both physical and emotional?
Just me or too simplistic?
Moderator: Peak Moderation
A car at £100-200k at today's prices?JohnB wrote:When my Dad retired many years ago (as he was ancient when I was born!), he had the state pension, and £10,000 in savings that he'd made a lot of sacrifices to save. In 1972 he bought a new car for £1,000, so that would make it worth maybe £100-200k at today's prices, so not a bad sum to live on. The inflation in the 70s wiped out most of the value. .
Something doesn't make sense here.
He had £10k savings, and bought a car for £1k. It was only a bottom of the range Vauxhall Viva, so assuming something similar cost £10k after a good dose of inflation, that would have made his £10k savings the equivalent of £100k!jcw wrote:A car at £100-200k at today's prices?JohnB wrote:When my Dad retired many years ago (as he was ancient when I was born!), he had the state pension, and £10,000 in savings that he'd made a lot of sacrifices to save. In 1972 he bought a new car for £1,000, so that would make it worth maybe £100-200k at today's prices, so not a bad sum to live on. The inflation in the 70s wiped out most of the value. .
Something doesn't make sense here.