|
Post by morwenstowstud on Jan 2, 2009 1:37:57 GMT 1
As the recession hits harder and goes on longer, this is the perfect time to buy property with land. Homes will be reposessed and auctioned. Farms will be broken up, or be forced to sell land to raise money. The only draw back is you really have to have cash if you go this route, or be very very sure that your job and lifestyle is safe, otherwise there's a risk of taking a mortgage out and then losing work. I suppose it depends what your work is as well. Personally I'd sit tight and take advantage of a recession that's only just begun.
Whatever you do don't move to Cornwall. No where is cheap and it has some of the highest living costs in the UK and the lowest wages.
|
|
Jane
Olympic Poster
Colo ("koala")
Posts: 938
|
Post by Jane on Jan 2, 2009 2:22:00 GMT 1
You would be blown away by how much property and land you can buy here... in Australia. No stabling, no mucking out, no trying to remove caked on mud with power tools! Mind you, the grazing isn't brilliant ;-) But for 90% of the country, it's a case of 'rat race, what rat race?'
Getting over here is the hard part, of course :-)
|
|
hdonna
Olympic Poster
Posts: 629
|
Post by hdonna on Jan 2, 2009 10:48:53 GMT 1
australia sounds good to me
|
|
|
Post by spanisheyes on Jan 2, 2009 11:19:11 GMT 1
I am familiar with being in the rat race to pay for the dream.
|
|
|
Post by kristine on Jan 2, 2009 16:37:00 GMT 1
I sure know the feeling. I hung in there till I could afford something. Sounds like land prices in good areas in the UK are about what they are here. I moved to a semi-rural area, got a new home (was cheaper to have one built than buy an existing house) on 2.4 acres and enough room for a few horses and my handfull of sheep. They have a big corral (paddock) about 1/2 an acre. Also been building a little arena/school and have a round pen. No grazing, but hay is reasonable. Lots of room to ride and a public indoor riding arena. It was $180,000. The commute is about 15 miles to town.
Its not much, but its mine. And I can have my horses out the back door.
|
|