I got home from work yesterday and as asked, hubbie had been around to a friends place to ask them exactly when their sons 4th birthday party is and that our 3 yo daughter will be going (they sent us a thomas the tank engine invitation and I cant find it now, I suspect my munchkin has put it somewhere safe as she is obsessed with Thomas, they also have a new phone number that was on the invite).
I ask whats new with them. Hubbie says the usuall stuff, new 4 week old baby is beautiful, the husband has been promoted into new fabulous job paying zillions more and is now boss of 4 underlings. New house is grousse and........................because hubbie is now paying 40% tax, she (they) want to get an IP. She made a vague reference to a trust but when questioned further admitted she had no idea about what it was.
I then say "what the..."? as this friend (ex neighbours), when hubbie told her about 2 of our IP purchases in August last year said "are you mad. Prices on houses have gone down, no one is buying. Why would you buy when everyone else isn't"? His answer was "because prices have gone down and no-one is buying."
Hubbie said her jaw nearly hit the floor when told those same 2 properties increased in value by about 70k whilst being at least CF neutral.
To be fair to them, the husband was keen on buying shares or a IP and couldn't talk her into it.
So now I'm thinking Is this the start of the herd now jumping on board and buying IP's - not researching the whys and wherefores- just buying because someone told them they need to when you pay alot of tax?
I ask whats new with them. Hubbie says the usuall stuff, new 4 week old baby is beautiful, the husband has been promoted into new fabulous job paying zillions more and is now boss of 4 underlings. New house is grousse and........................because hubbie is now paying 40% tax, she (they) want to get an IP. She made a vague reference to a trust but when questioned further admitted she had no idea about what it was.
I then say "what the..."? as this friend (ex neighbours), when hubbie told her about 2 of our IP purchases in August last year said "are you mad. Prices on houses have gone down, no one is buying. Why would you buy when everyone else isn't"? His answer was "because prices have gone down and no-one is buying."
Hubbie said her jaw nearly hit the floor when told those same 2 properties increased in value by about 70k whilst being at least CF neutral.
To be fair to them, the husband was keen on buying shares or a IP and couldn't talk her into it.
So now I'm thinking Is this the start of the herd now jumping on board and buying IP's - not researching the whys and wherefores- just buying because someone told them they need to when you pay alot of tax?