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House Price Crash Forum


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About Rhaegal

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  1. Hi Greg, much to my amusement at least, I fully agree with you! My viewpoint flies in the face of what would be seen as entrepreneurial, which is probably why I am not an entrepreneur or business owner (at least yet). My position is that after 10-11 years of working I have a paid for home and savings, which would allow me a less-risky attempt at striking it out on my own.
  2. The Ops question is something I pondered in my 20s (probably like a lot of people). If I had the capital at that time I would have set myself up with a stable base (modest home, no debts, at least 6months cash as expenses) and then done something that I could be passionate about. Room for a bit of trial and error and making your own luck. If I already had a course of action about a business that I was 100pc confident in then I might be tempted to take more risks.
  3. Interesting, great find! Better late than never but as one poster on there points out the tax that can be collected is becoming interesting to HMRC with the rule changes
  4. Cheers Fence, I agree. The credit deflation if it happens should take some of the froth off of the prices I would expect.
  5. The frogs must love your pond! There were about 6-8 in mine last year. My main challenge is keeping the reeds in order as they can easily take over the pond. It's like trying to pull up carpet that's nailed down to the floor! I agree, hugely rewarding and good for our wellbeing (whilst helping nature)
  6. Amazing and good for you. It could be a legacy for your children and community. Lovely to hear someone investing in land to benefit wildlife. I also have a fresh water pond (only approx 1.5m x 2m). It came with the house and was overpopulated with fish, 70pc of which were rehomed into a bigger pond. I took out the pump and filter and my dad helped me put in oxygenating plants. In the space of 3 years I've had frogs, toads and at least one newt. Also the fish have been breading so I enjoy seeing the new additions. Water is pretty clear. Not bad for a suburban home :-)
  7. Thank you Democorruptacy, I didn't think of that but it makes perfect sense. Yesterday, I let out a gent in their late 60s out of a junction driving a gleaming silver 17 plate, I wish I wound down the window and enquired how he purchased such a motor :-)
  8. There's been a lot of discussion about S&S, ETFs, PMs etc. However, if the credit deflation happens there should be some great opportunities for hard assets (or could be seen as liabilities!). For instance, over the past couple of days I have been day-dreaming of whether it would be fun to buy a campervan. You can easily spend 30k on a fairly modern VW T5 campervan or say 15k in buying a van and then converting yourself (maybe a few extra £k). Both prices seem bonkers and seems to be driven by the badge and credit-led demand. When browsing, it is ad after ad for getting finance on the
  9. May be of interest: MoneySavingExpert recently did a survey of 'how far up the ladder' you are. It includes percentage of respondants who own property with and without a mortgage, rent etc https://www.moneysavingexpert.com/poll/27-03-2018/how-far-have-you-climbed-up-the-property-ladder-
  10. For added celebration: As a result of the chase for yield BTL on average will be in worse condition (both structural fabric of the house and aesthetics) than OO homes. They will therefore command a lower price in an open market. The trickling of these poorly maintained homes will "soften" the market and as more landlords sell up the chase to the bottom of the market will become a self-fulfilling prophecy affecting all housing stock. This will lead to more affordable homes (without any morally corruptable government initiatives to bung money to the builders, known as help to buy), level the pla
  11. Hi WICAO, thank you for the kind words. I'm not quite there with defining the number and timescale (but recognise the importance of these). I've concentrated on optimising fixed monthly costs - mortgage recently paid off (not our 'forever home' in the words of Kirsty but should see us through for the next four years) and reducing the clutter in our home. I say optimising costs as I could cut down more but my family's quality of life would reduce, so I'm trying to strike a balance. If I had a number and timescale defined I would probably be more disciplined, but happy with progress so far.
  12. Thank you WICAO, appreciate the reply. Your blog, posts on here and now your book are a great inspiration for me. I'm going to consider a family FIRE value as our finances are intertwined but will need to factor in double-fun allowance :-)
  13. Did you consider Portugal WICAO? And if so why did you discount it? I've bought your book recently, only several pages in as have loads on my plate at the moment, but glad I bought it. I'm not sure if you cover this later in the book, but why do you consider your FIRE target as your own target in isolation, rather than that of your family? E.g. I've seen you post before that your partner earns money but I didn't get the impression that she would be able to FIRE without being considered as part of your FIRE strategy.
  14. Agreed. I've given the wife the job of finding something she wants. Easier said than done! I was going to put it towards a new tv but found that their website redirects you to debenhams plus, which appears to be a different company (using the debenhams brand) and they don't accept debenhams vouchers!
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