Tia
Well-Known Member
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What was invested was over 300k. Last year we pulled 118k in order to do work to our house among other things.
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Always invest in property. It always comes good in the end! A house that cost £300k in 1999 would not be worth £118k now, or less. Worth bearing in mind for the future perhaps...
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Oh you are so right - this was our plan, to buy another couple of houses with the money we had put aside; sadly couldn't find the right houses, or didn't make the time available to find them. We lost a sight more than the lady above, actually, as you know Sooty, we lost the whole lot and that was that.
1 or 2 years on (see I can't even remember when it happened), I barely think of this money now. What is the point? It's gone and no amount of wishing we had done this, or kicking ourselves for not doing that, is going to change a darned thing. I am only glad that with my portion of the money I bought and paid for absolutely everything we have on this farm of ours. We may not have a safety net, (well we do have a little one in the UK) but we owe nothing to anyone and I am content with this.
This latest credit crunch, yep lived through them before, hasn't affected us greatly. I don't read newspapers, rarely watch the news and although I am vaguely aware of major events which go on in the world, I am fairly well insulated from suffering from a lot of the problems others may be going through. My little business is doing quite nicely, but then I run on a small scale and don't need a whole lot to survive. I carry a fair amount of stock so if we really did hit a bad patch then I could quite easily liquidate amounts of money to tide us over. My husbands business in the UK is still bringing him in about the same as it always has, actually a little more if anything. He doesn't use this money at all while he lives in Canada, so once again, if we needed a helping hand, it's there for us.
I have to say, there appears to be little belt-tightening over here. A number of my friends are being a little more careful, but is it due to what is going on worldwide? I'm not so sure, I think it is more to do with heightened costs of every day items, than the worry of global concerns or being concerned about their jobs being there for them tomorrow. Nothing much changes in these small rural communities, people keep going the way they always have. Why is this? I guess to a certain extent, the greater picture doesn't, on the whole, affect this part of small-town-Canada.
If I am truthful, I was ever so slightly concerned a month or so ago as I have to sell a handful of horses to make up my short falls each year. Well up till July/August, no horses seemed to be shifting anywhere (mind you I didn't advertise until well into August due to outside distractions), however just in the past few weeks, they have. I've made up my shortfall, bar one horse, but I can live with that. Hay orders have gone through the roof and we need to sit down and work out all our orders before we accept to supply any more new customers ... so some people are still spending. We are fine for hay for our horses so no further expense should jump out the woodwork at us for the next few months, although we have had a number of new boarders come recently but we should still be absolutely fine with this.
Property prices where I live, have not reduced; on the contrary they have increased significantly over the past couple of years as this area seems to have become very desirable. Houses are still selling for the same as previously and there seems to be no real slowdown on this.
I certainly don't see the level of concern over here that I am reading about on here regarding the worry in the UK. People over here are still going about their business and no-one I know appears to have made significant cut-backs in their lifestyles. Maybe we are all too blind, maybe we are sheltered, maybe we haven't been affected yet, maybe we are just too wrapped up in our own little lives to not realise what seems to be going on in the rest of the world, or maybe we just don't read newspapers and are not being driven by all the hype?
[ QUOTE ]
What was invested was over 300k. Last year we pulled 118k in order to do work to our house among other things.
[/ QUOTE ]
Always invest in property. It always comes good in the end! A house that cost £300k in 1999 would not be worth £118k now, or less. Worth bearing in mind for the future perhaps...
[/ QUOTE ]
Oh you are so right - this was our plan, to buy another couple of houses with the money we had put aside; sadly couldn't find the right houses, or didn't make the time available to find them. We lost a sight more than the lady above, actually, as you know Sooty, we lost the whole lot and that was that.
1 or 2 years on (see I can't even remember when it happened), I barely think of this money now. What is the point? It's gone and no amount of wishing we had done this, or kicking ourselves for not doing that, is going to change a darned thing. I am only glad that with my portion of the money I bought and paid for absolutely everything we have on this farm of ours. We may not have a safety net, (well we do have a little one in the UK) but we owe nothing to anyone and I am content with this.
This latest credit crunch, yep lived through them before, hasn't affected us greatly. I don't read newspapers, rarely watch the news and although I am vaguely aware of major events which go on in the world, I am fairly well insulated from suffering from a lot of the problems others may be going through. My little business is doing quite nicely, but then I run on a small scale and don't need a whole lot to survive. I carry a fair amount of stock so if we really did hit a bad patch then I could quite easily liquidate amounts of money to tide us over. My husbands business in the UK is still bringing him in about the same as it always has, actually a little more if anything. He doesn't use this money at all while he lives in Canada, so once again, if we needed a helping hand, it's there for us.
I have to say, there appears to be little belt-tightening over here. A number of my friends are being a little more careful, but is it due to what is going on worldwide? I'm not so sure, I think it is more to do with heightened costs of every day items, than the worry of global concerns or being concerned about their jobs being there for them tomorrow. Nothing much changes in these small rural communities, people keep going the way they always have. Why is this? I guess to a certain extent, the greater picture doesn't, on the whole, affect this part of small-town-Canada.
If I am truthful, I was ever so slightly concerned a month or so ago as I have to sell a handful of horses to make up my short falls each year. Well up till July/August, no horses seemed to be shifting anywhere (mind you I didn't advertise until well into August due to outside distractions), however just in the past few weeks, they have. I've made up my shortfall, bar one horse, but I can live with that. Hay orders have gone through the roof and we need to sit down and work out all our orders before we accept to supply any more new customers ... so some people are still spending. We are fine for hay for our horses so no further expense should jump out the woodwork at us for the next few months, although we have had a number of new boarders come recently but we should still be absolutely fine with this.
Property prices where I live, have not reduced; on the contrary they have increased significantly over the past couple of years as this area seems to have become very desirable. Houses are still selling for the same as previously and there seems to be no real slowdown on this.
I certainly don't see the level of concern over here that I am reading about on here regarding the worry in the UK. People over here are still going about their business and no-one I know appears to have made significant cut-backs in their lifestyles. Maybe we are all too blind, maybe we are sheltered, maybe we haven't been affected yet, maybe we are just too wrapped up in our own little lives to not realise what seems to be going on in the rest of the world, or maybe we just don't read newspapers and are not being driven by all the hype?
