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AIBU?

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Original poster

Do you consider this ‘wealthy’?

518 replies

haleeeee · 05/10/2024 18:03

Two kids in private school since primary. Two buy to let’s of around 250k value each. One holiday home value 280k. Own home mortgage free. Income allows for a few holidays a year circa 3k each time.

Wealthy? Well off? Or just better than average?

OP posts:
Original poster
haleeeee · 05/10/2024 18:10

Newyorkcity123 · 05/10/2024 18:09

I bet they worked bloody hard for all they have. They’re well off but it would have come at a price in terms of time with kids, eachother, working late, away from home etc. Not what you asked but I think worth pointing out.

@Newyorkcity123 actually no. The home was bought outright for them. Brother works and SIL does not.

OP posts:
RosesAndHellebores · 05/10/2024 18:09

Very comfortable. I think in today's money wealthy or rich starts at £5m.

Original poster
haleeeee · 05/10/2024 18:09

GoldMerchant · 05/10/2024 18:08

If all the properties are mortgage free, that's very wealthy. Not many people have £780k in assets outside of their home and pensions.

However it's still possible to spend more than your earn whatever you're income - so maybe they feel they are "struggling"? I'd be tempted to say, "Awh sorry, which house are you going to sell then?"

@GoldMerchant only the main home is mortgage free (700k). The rest are 50% ltv.

OP posts:
arethereanyleftatall · 05/10/2024 18:09

user47 · 05/10/2024 18:05

Don't be a dick, that is obviously wealthy - they have £780K in property and 2 kids in private schools.

Plus the house they live in

Newyorkcity123 · 05/10/2024 18:09

I bet they worked bloody hard for all they have. They’re well off but it would have come at a price in terms of time with kids, eachother, working late, away from home etc. Not what you asked but I think worth pointing out.

GoldMerchant · 05/10/2024 18:08

If all the properties are mortgage free, that's very wealthy. Not many people have £780k in assets outside of their home and pensions.

However it's still possible to spend more than your earn whatever you're income - so maybe they feel they are "struggling"? I'd be tempted to say, "Awh sorry, which house are you going to sell then?"

Original poster
haleeeee · 05/10/2024 18:08

Poppins21 · 05/10/2024 18:07

I would say in the top 10% not billionaires but very comfortable.

@Poppins21 well whenever we go out they won’t order deserts etc unless someone else is paying and always saying they need to watch spending!

OP posts:
Poppins21 · 05/10/2024 18:07

I would say in the top 10% not billionaires but very comfortable.

Dawevi · 05/10/2024 18:07

Wealthy and definitely not struggling!

Potentiallyplausible · 05/10/2024 18:07

Wealthy

Namechangedforthisthreadhere · 05/10/2024 18:06

Wealthy and probably own a bridge too.

Original poster
haleeeee · 05/10/2024 18:06

Pootles34 · 05/10/2024 18:05

You haven't said which way to vote? However I think you know this family is clearly wealthy, why are you asking?

@Pootles34 asking because this is my brother and sister in law and they repeatedly claim they are struggling. It makes me feel shit as I have much much less and do genuinely struggle!

OP posts:
Original poster
haleeeee · 05/10/2024 18:05

Heebeebee · 05/10/2024 18:04

Insanely wealthy in my book

@Heebeebee i guess that’s all relative though? I mean more in actual terms

OP posts:
Pootles34 · 05/10/2024 18:05

You haven't said which way to vote? However I think you know this family is clearly wealthy, why are you asking?

user47 · 05/10/2024 18:05

Don't be a dick, that is obviously wealthy - they have £780K in property and 2 kids in private schools.

Heebeebee · 05/10/2024 18:04

Insanely wealthy in my book

Original poster
haleeeee · 05/10/2024 18:04

Oh and two cars not brand new, on lease (2022 plate)

OP posts:
DrFosterWentToGloucester23 · 05/10/2024 18:04

Certainly well off. Personally, I’d say wealthy.