Rich house poor house wed ch5 9pm

[Blondeshavemorefun]

Two families swap lives for a week. Total opposites in the life styles

the richest 10% and a family who live on the breadline

Sorry I meant to say “I now have a job”...compared to when I was dependent on my ex husband and first came across your posts!

I have to ask, do you still have the island?!

I also think it’s quite cruel on the kids to get a glimpse of luxury then be catapulted back into poverty. Comparison being the thief of joy and all that.

Also agree that having lots of children in poverty and at a young age often makes life so much harder. Of course, no guarantee of children if you wait until mid 30s and also no one knows what shit life may throw their way. I also know plenty of rich unhappy people in the UK who feel they are badly off compared to friends in bigger houses / living in Singapore with maids etc.

I haven’t seen any of this series but watched a couple of the previous ones. I found them very interesting but not hugely surprising having grown up with somewhat less than I have now. My DH on the other hand was geneuinely shocked when he realised our income was similar to the ‘rich house’ - he grew up with that kind of wealth, private education, got good results and deliberately picked a career that would provide the kind of income he was used to, to him it’s just normal - I have never before managed to get through to him just how privileged we are, I could almost see his world view shifting.

ugh; when will she have an oil and case company and he paints nails or minds house? Where do they pick these sexist couples.
It isn't sexist to pick a job you want to do and do it. Whilst I agree its a positive move to encourage more women into STEM and more men into care IF THAT'S WHAT THEY WANT I don't see the need to sneer every time someone makes an acceptable life choice. In contrast where is your high praise for poor Dad working in care?

Now they have no gas, crocodile tears coming now I think they might be genuine, he seems like quite an emotional bloke anyway

Also that semi the "rich" people are in is not that great well I can see why it wouldn't compare to your own manor but its hardly a slum now is it. Its outside of the affordability of most families in the UK

Finally watched e1. Wouldn’t work by the pool 🌞🌞

Both lovely families and poor in debt due to sudden bills. Easily adds up

I did think she should have kept business as childcare only payable for a few years then at school and they would have had a hairdressing business bringing in cash at a later date

Worrying and sad to think some struggle to boil a kettle :(

Lovely the richer family paid off a chunk and built a treehouse

Now for e2

Houses on our road were approached about doing this programme. I haven't seen it so will watch on catch up.

I tihnk it's kindly done and nicely done. It was the richer father who was looking at not boiling the kettle to save money I think. Mind you I only drink tap water so not an issue for me.

when they say £170 after rent and bills,that does seem a lot

its def more then i have a week, thats £680 a calender month

i wouldnt put myself in the 10% poor

That includes fuel, car, clothes and food for 6.

So the food/nappy bill at best is going to be around £100 so then £20-30 for fuel and suddenly its £40/ week for clothes, treats, school bits, trips, clubs/ activities and travel to/from work.

I can see that but if they are going on eh amount then that puts me in the lowest 10% and I wouldn’t say I’m poor

Tho we both work but both se so no set salary coming in iyswim

And yes if struggling why have a 4th joint child

I don't know whether to bottom 10% is based just on a cash value or if its proportionate to no of kids.

Can anyone remember how much family 1 had?

(FB, thanks. I am glad I might have been a help and that you're in work again. I am afraid I am just a boring home owner now. I sold the island to a plastic surgeon).

I think when they say bottom 10% they mean by income coming in each week not counting number of children, what your rent is etc. it's a bit of a crude money calculation because if you are well off what counts as your "spare" money each week? They hand out £50 notes to the less well off family, may be evern £2000 and say that is what this family has spare each week which is about £8000 a month (after tax or before because when your tax rate is about 50% which actually can be on the margins of benefits and more and ditto high earners) the £8k may need to be more than £15k a month of gross income. Lucky rich people but a lot of that "spare" money probably isn't spent in cash each month - I certainly don't do things like meals out, coffee shops, new clothes lark but I might well pay it to the children for a regular music lesson or for university fees or actually for a lot of my life every spare penny was put aside and then paid off the mortgage whenever I could year after year over 30 years of paying a mortgage (and of cours elucky me to earn enough to be able to borrow - I see in today's news 2 lenders by the way now offering 100% mortgage again which will be very useful for a lot of people trying to buy somewhere particularly with stamp duty gone for most first time buyers now; although people with a lot of debt and on benefits are not going to be able to rush out for these kinds of deals ).

Bet the interest rate is high for 100% mortgages

Such a risk as if goes down then I’m in negative equity :(

Not a risk as long as you don’t need to move blonde. Just caught ep 1 with dd a s half way through 2 - why are rich people so rich? Someone that made millions writing software is hardly an accessible level of rich for people to aspire to. Similarly the man who made £42m on his firm - yes rehearse self made, but these people are mega rich.

Interesting that the rich are by income + wealth because the top 10% by income would be a different show altogether.

Gah too many typos. My point is, the rich on the first 2 programmes are in the top 1%, must be, they should be more accurate about the %s.

I admit to finding the rich children a little off putting - they seemed utterly clueless, do you think that’s why their parents did the show?

There is certainly a potential legal issue about whether parents should be allowed to subject their children to that level of publicity particularly as these programmes always had some kind of agenda.

Well given the vast array of shows you can go on as a family, it would certainly set a precedent if an adult successfully sued a parent for putting them on reality tv. I guess they'd need to prove it caused a significant negative effect on their life

they seemed utterly clueless, do you think that’s why their parents did the show?
Well I'm not surprised they're clueless. Outside of books, I didn't know anyone who went abroad now than once a year to mainland Spain and they were definitely the flush families, didn't know anyone where every adult in the house owned a car, where kids got stuff beyond Christmas, Birthdays etc. I assumed having pass- me-downs and then passing them on was normal - ok so We were poorer than our cousins but we were less poor than the neighbours.
Pre high school as a minimum kids tend to mix within their own income stream unless there's a huge family disparity.
I imagine for both families do out initially for the kids benefit - to see there's more to life but I have to say, 1k to spend in a week would certainly be appealing

True @conference. As long as pay mortgage they have no worries. Tho if rates go high ......

When I took out my first mortgage in 1999 rates were 6/7% which seemed high but obv nothing to the 15% crash few years before

Tho now they are 1/2%

I suppose if a kid who had been on reality TV ended up being bullied at school that would be enough proof.

I think there is a perfect storm brewing as the young people whose baby pictures have been plastered all over social media grow up.

I agree that most of the rich families won't be spending that amount of cash on things each week. Theres a big difference in having it available and spending it on 'stuff'. Most will be spending it on school fees, clubs for children, cars, holidays, pension contributions etc. Clearly all still spending choices of course but they're not all going out buying designer clothes and caviar every day.

Isn't it true that in the US, the sub-prime market did help a lot of people get onto the property ladder and some of them have stayed on it? It's definitely a big gamble but if you do a long fixed rate, 100% mortgages can be good. I agree though, for those that ended up repossessed and in debt, not great but then would they have been a lot better off in a long term rental? Even if you default here, you can reach an agreement on minimal debt repayments blonde.

I agree cloud, what was interesting is that of the 3 episodes I've watched so far, you saw that the parents didn't particularly have lavish habits but that they were worried about the DC - the 26 year old woman on the second programme going on about her 'lavish' spending of her parents' money - you could see that was a bone of contention, and rightly so.

it is a hazard issue for both rich and poor families and why this is a good idea - hard for rich kids to conceive of how lucky they are, hard for poorer kids to think that life doesn't have to be like that....if everyone you know is struggling to get by, you think that having 3 part time crappy jobs and struggling might be what you can expect out of life.

Really, you'd want interaction between the self-made rich people on how they did it, and the kids in the poorer families, in terms of questioning inbuild expectations.

That's why I don't like the extreme wealth of the rich people so far - because it's not terribly accessible. It's not - life doesn't have to be having 3 part time jobs or at the other extreme, living in a mansion and being retired on your wealth.

Wasn't she the one who got into an online spat with the poor mom? Really showed her class...

@SleepingStandingUp What?? Tell me more!!!