glasshouse
Member
- Location
- lothians
In theory yes
The last ten yr is like 1970-1980
Land went from £300 to £3000 back then
Those who bought in 1970 got lucky., those who bought in 1979 went bust when the price dropped back to £1000 or less
Overdraft requirements for coming growing season.
- Thread starter capfits
- Start date
The last ten yr is like 1970-1980
Land went from £300 to £3000 back then
Those who bought in 1970 got lucky., those who bought in 1979 went bust when the price dropped back to £1000 or less
glasshouse
Member
- Location
- lothians
Hindsight is a wonderful thing
But i didnt count on the deviousness and outright dishonesty of land agents .
Nor did i foresee the govt rewarding landlords with huge sums of cash therefore removing the tenants niche
d williams
Member
By paying interest only your just servicing debt not owning anything
d williams
Member
Was the farm for sale ??
Or was buying not a option
Chae1
Member
- Location
- Aberdeenshire
Whats the problem with that?
I don't own anything at the moment, so no different to renting like we do at present. Except the banks my landlord
glasshouse
Member
- Location
- lothians
It never was for sale.
The 50% deposit requirement keeps tenants firmly in their place.
Until the uk fiscal regime changes, nothing will be sold
d williams
Member
There is nothing wrong with it apart from I think that bank/ interest charges will outweigh inflation
Didn’t mark carney make a announcement this week inflation slowed to its lowest for a number of years
You can only deal with the opportunities that life presents. Most people can think of things they would have done differently with their lives had they had an extra £500,000 at their disposal at various points.
Chae1
Member
- Location
- Aberdeenshire
If land prices nosedive or interest rates rocket you could get caught out. Its certainly not riskfree.
If SNP get independence up here, i could see land prices dropping.
Bossfarmer
Member
- Location
- between Perth and Inverness
what about this scenario, borrow 1m for 150 acres bare land, 3% so 30k a year but inflation is 1.5% so you in reality its costing you 15k a year thats equivalent to £100/acre rent but you can then sub let for tatties and claim sub/envir payments too
glasshouse
Member
- Location
- lothians
That was not my point
Houses can be bought on ten percent deposit, so why not land?
Bossfarmer
Member
- Location
- between Perth and Inverness
are you not forgetting that you are unlikely to ever pay the 30k interest a year if you are profitable as itll be offest against tax, all the while inflation is making you money
d williams
Member
Thing is you chose that option it’s no good looking back and blaming everyone else for what could/should have been
I think you have been very lucky to of had the opportunity to be chosen to even have long term tenancy some people don’t even get that!!
The world owes nobody anything everyone has their own choices
They all won’t be the right ones!!!
It didn’t really end well with sub-prime house mortgages though did it.
Why not land? You’d have to ask the banks that.
d williams
Member
Who the f**k is going to lend you money in this day and age if your not profitable????
Surely you are still having to finance the £30k every year, doesn't matter what it will look like in 25yrs looking back.
Last edited:
glasshouse
Member
- Location
- lothians
Why do you have to turn a discussion into a personal attack?
You can make a spreadsheet tell you whatever you want.
capfits
Member
Japanese land prices certainty rose for a period.
they did not only half tank when they did bombed to about 1/4 of their peak.....
Attractive? Efficient?
House price falls in Japan accelerate
Are house prices starting to rise in Japan? Is property undervalued in Tokyo?
www.globalpropertyguide.com
d williams
Member
I don’t think I am
Everyone has choices to make as to what they think is right for them
But blaming others for the choices they made that’s wrong!!!