Selling House for a Rolex

[jasonsensation]

I plan to use 30% of the profit to buy a Daytona

has anyone else ever done this, used house profit to buy a watch/car

[brandrea]

Not for me. Fun money is what I use for things like luxury items.

Real estate and investments I keep separate.

To each their own

[padi56]

Originally Posted by brandrea

Not for me. Fun money is what I use for things like luxury items.

Real estate and investments I keep separate.

To each their own

Have to agree Brian.

[Podmornica]

Hey, I know even worst examples in Europe .. Sold the house to fund the car that will depreciate soon after by 50% .. So, why not!? The Daytona should at least hold it's value while you enjoy it ..

[Marcjvr]

It’s just a watch

[jasonsensation]

Originally Posted by Podmornica

Hey, I know even worst examples in Europe .. Sold the house to fund the car that will depreciate soon after by 50% .. So, why not!? The Daytona should at least hold it's value while you enjoy it ..

ty

[trippinjimmy]

You're getting a new house, right?

[jasonsensation]

Originally Posted by trippinjimmy

You're getting a new house, right?

yes why?

[WatchLurv]

I hope you're buying a 116506...

[HogwldFLTR]

I am homeless after buying my Platona although it's a hit at the shelter. (I can't believe I thought that; must be spending too much time on Amazon). Hey there are people that make their living flipping real estate. If the money comes from that or stock growth, what's the difference?

[wach16]

Originally Posted by HogwldFLTR

I am homeless after buying my Platona although it's a hit at the shelter. (I can't believe I thought that; must be spending too much time on Amazon). Hey there are people that make their living flipping real estate. If the money comes from that or stock growth, what's the difference?

[Vanmarsenille]

Originally Posted by HogwldFLTR

I am homeless after buying my Platona although it's a hit at the shelter.

[jasonsensation]

I'm Welsh, i bought the house cheap to begin with.

surely i dont need to put all profit towards new mortgage

[wb55]

Originally Posted by jasonsensation

I'm Welsh, i bought the house cheap to begin with.

surely i dont need to put all profit towards new mortgage

I know you're Welsh but this has got to be a troll, right? You put nothing toward a mortgage. If you don't buy a watch and put more money toward you next purchase (and related solicitor fees and stamp duty etc) then you will take out less of a mortgage.

Imagine holding back on your deposit to buy a watch then paying added interest on your mortgage to do so. I hope you live alone or that's incredibly selfish.

Have you worked out your LTV with and without buying a new watch? Absolutely nuts.

[jasonsensation]

Originally Posted by wb55

I know you're Welsh but this has got to be a troll, right? You put nothing toward a mortgage. If you don't buy a watch and put more money toward you next purchase (and related solicitor fees and stamp duty etc) then you will take out less of a mortgage.

Imagine holding back on your deposit to buy a watch then paying added interest on your mortgage to do so. I hope you live alone or that's incredibly selfish.

Have you worked out your LTV with and without buying a new watch? Absolutely nuts.

and i live alone, i'm 35 too

[padi56]

Originally Posted by jasonsensation

I plan to use 30% of the profit to buy a Daytona

has anyone else ever done this, used house profit to buy a watch/car

What about the option in another post you recently made below.

First time buyer requires ££ advice
I'm looking for some advice! I have the opportunity to get a Black Ceramic GMT on Interest Free Finance over 2 years, with only a 10% Deposit. Now another ''up'', is also the fact the Authorised Dealer is not keeping the warranty/papers etc.
My overall Goal is to own the much sought after GMT Batman, however it would mean placing a deposit with a different store, and i would need to take out a Personal loan resulting in paying back huge amounts of interest. At what point is it better to buy the black ceramic now, and be content with that instead of getting the Batman and probably end up paying back £1,500 in Interest over 5 years.

[jasonsensation]

Originally Posted by padi56

What about the option in another post you recently made below.

First time buyer requires ££ advice
I'm looking for some advice! I have the opportunity to get a Black Ceramic GMT on Interest Free Finance over 2 years, with only a 10% Deposit. Now another ''up'', is also the fact the Authorised Dealer is not keeping the warranty/papers etc.
My overall Goal is to own the much sought after GMT Batman, however it would mean placing a deposit with a different store, and i would need to take out a Personal loan resulting in paying back huge amounts of interest. At what point is it better to buy the black ceramic now, and be content with that instead of getting the Batman and probably end up paying back £1,500 in Interest over 5 years.

That's old news! I got a loan for the Batman in the end.

I'm using some of the house profit to pay off the loan! - meaning my house basically bought my watch, cool huh?

But i also want a Daytona now lol

[AshAP]

Originally Posted by jasonsensation

I plan to use 30% of the profit to buy a Daytona

has anyone else ever done this, used house profit to buy a watch/car

Wow, is this from the sale of your primary residence? will you be borrowing to buy your next house? Since you’ve asked, IMO using 30% of your capital in this way is a whole new level of ‘stupid’.


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[SpeakWithMichael]

Originally Posted by AshAP

using 30% of your capital in this way is a whole new level of ‘stupid’.

Surely we can think that and use more gentlemanly language towards others?

[AshAP]

Originally Posted by SpeakWithMichael

Surely we can think that and use more gentlemanly language towards others?

If the guy posts that he’s gone bankrupt and lost his house and his watch because everybody was really gentlemanly and supportive with their advice how will you feel? The guy has asked for opinions and he may be about to make a catastrophic error in judgement, I just gave my opinion that’s all - he doesn’t have to pay attention to it.


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[Bizcut1]

Originally Posted by SpeakWithMichael

Surely we can think that and use more gentlemanly language towards others?

Around here, for some, being a "gentleman" just isn't in the cards.

[TswaneNguni]

30% of the profit from the house sale to buy a Daytona ..you didnt make much profit !

[Devildog]

Originally Posted by TswaneNguni

30% oft the profit from the house sale to buy a Daytona ..you didnt make much profit !

The OP, like me, is in the UK. Trust me, its all relative

[DYJ150]

Originally Posted by jasonsensation

I plan to use 30% of the profit to buy a Daytona

has anyone else ever done this, used house profit to buy a watch/car

You cannot be serious

[nnigel46]

Please don’t do it

[beshannon]

Originally Posted by jasonsensation

I plan to use 30% of the profit to buy a Daytona

has anyone else ever done this, used house profit to buy a watch/car

Why?

[JonaG]

With uncertainty in the UK right now this seems a really bad idea.

[astewartconst]

Bad idea


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[Spartacus]

Platinum at least, I hope?

[WatchLurv]

Originally Posted by Spartacus

Platinum at least, I hope?

Reading from this thread I doubt it's the Platona

OP is counting pennies and got a repayment plan for his Batman... I don't get it. I simply don't.

Roll your money and make more instead of locking it up on a watch for personal pleasure.