posted 28000 dkk per month. yay or nay?
on the Denmark forum on July 24, 2014:
Freelance tour guiding positions, offering full schedule flexibility, independence, work outdoors, stimulating contact with travelers from around the world!
replied to the thread Relocation taxes
on the Denmark forum:
I recently moved to Denmark and my employer agreed to pay for my relocation expenses, however, I've now been informed that relocation expenses are taxable and I am only reimbursed at the after-tax amount (i.e my expenses were $20, my employer agrees to reimburse me $20, however after tax, I only receive $10).
Is this normal?
replied on July 21, 2014 with:
I have just checked my contract and it does appear that the repayment is taxable but I should not be out of pocket after tax.
replied on July 20, 2014 with:
Is this taxable? If so, would a company normally pay a higher amount so the after tax payment is equivalent to the costs incurred?
posted Jobs abroad for Danish speakers
on the Denmark forum on July 17, 2014:
replied to the thread Car for Sale
on the Denmark forum:
Like-new very economical 2010 Citroen C1 for sale. Original owner, only 28K km, complete maintenance at dealer. Includes separate set of almost new snow tires mounted on wheels for winter use. Available on or about Aug. 1st / negotiable as we are leaving Denmark. Located in Frederikshavn, can drive anywhere in DK to deliver. Payment in either Danish Kr in Denmark or US dollar in U.S. Contact me at: firstname.lastname@example.org.
replied on July 17, 2014 with:
S O L D
Is it possible to somehow borrow 100% of the value of a property? I moved with my family to Denmark last August. I have a good salary, but no money saved to put down a deposit on a house. However, I think it would be much cheaper for us to buy rather than rent, and of course, we get more freedom to do what we want with the property this way.
I'm British and working full time, with a permanent job here in Denmark, my wife is Finnish - currently not working.
Yes, it is the same anywhere. Housing is a risk and you have to be a smart business person.
The same rules are going to apply in Denmark or USA.
1) If the economy slumps, you are going to lose your equity in the house. Maybe even be foreclosed and lose your credit rating.
2) If the economy grows you may make a profit and sell quickly.
Just like in the USA, there are pros and cons on short term home ownership.
Con: You are going to burn cash on the transaction fees of buying and selling.
You are stuck if suddenly the earth moves and your wall cracks and major repairs are needed.
Boiler fails? You fixxxx$$$$ it.
Pros: interest rates are rock bottom. Property values are still on the low side. Property values are climbing in the metro area. Better probability you can "flip" the house in a few years for a profit.
If you know for a fact you are leaving in a few years, or are willing to commit to moving again in a few years, then get an "interest only" loan, and your monthly payment will be dirt cheap. If you are not planning to move in a few years, the risk of interest only is the rates go up, and you have no choice but to make changes in your housing.
Pro: mortgage interest is tax deductible, and if you reach the 50% top tax bracket, that is a big deal. In the first few years of home ownership, the monthly payment is nearly all interest.
I say: buy the smallest house you can live with, go interest only, and start saving cash.
Also, make sure the house is in a location and of a style that has wide appeal and will be easy to sell in three years. Don't buy any unique, odd ball properties.
Long term residence is not an assurance of money back in housing. There are lots of old ladies in Detroit whose homes are now worthless, burned out open lots.
Consider a town house?
Q: What are the three most important decisions in real estate?
A: "Location, location, and location"
replied most recently with:
As with the purchase of any house that is a major investment, you should be very certain that you want to stay where you are for at least five years, meaning in Denmark. Are you all feeling settled in and happy with your move to this country? It is known to be rather inhospitable to foreigners, though slightly less so to other Scandinavians and europeans. Still, unless you understand what you are getting into, be careful. The law in Denmark, for example, is very different than in the UK. Completely different systems and this is not only relating to real estate but family law etc.
I know someone who has been working in the country for several years and she found it very difficult to sell the house she bought - but her experience in DK has caused her to decide to leave the country with her British fiance once his half-Danish children are grown.
Just be careful. Look before you leap.
replied to the thread Returning to Denmark at age 84
on the Denmark forum:
My mom, a Danish citizen living in Florida and 84 years old, just had a serious stroke. She wants to return home to Denmark.
Will the health care system there cover her rehabilitation and long term care?
Yes but! e-mail me: email@example.com