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<blockquote data-quote="The law of sod" data-source="post: 8166132" data-attributes="member: 145872"><p>The business is not in ag its joinery</p><p>Been running by myself with wife helping paperwork side ,for 15 years always been busy with 3 months work booked up so i could expand to build a bigger workshop and bigger kit,</p><p>Earn comfortable enough living from it now though, </p><p>and if we do go into recession (likely in the next 2/3 years?)work could dry up </p><p>so ,</p><p>The long term i have always viewed property is where to chuck any money i have saved,</p><p>Im aged in 30’s,and its taken 4years to save the amount i have now.</p><p>And about to have another child on the way this year,</p><p></p><p>Dont know if the property market will have a correction in next 5 years or so and could grab a house cheaper ,then they are now?or </p><p>in those years to the correction will prices still creep up so better to jump on now ,</p><p>,once on the market any blips , wouldn’t bother me as in it for the long run20-30 years.</p><p> </p><p></p><p>Or have thought about doing both borrowing to expand business and use own saving for property but </p><p>i would be very low on any savings and if expansion didn’t work or recession hit or property let out issue,</p><p> it would be doable but a big struggle to cover all outgoings if one or both ventures had issues.</p><p>But returns could be there if brave enough?</p></blockquote><p></p>
[QUOTE="The law of sod, post: 8166132, member: 145872"] The business is not in ag its joinery Been running by myself with wife helping paperwork side ,for 15 years always been busy with 3 months work booked up so i could expand to build a bigger workshop and bigger kit, Earn comfortable enough living from it now though, and if we do go into recession (likely in the next 2/3 years?)work could dry up so , The long term i have always viewed property is where to chuck any money i have saved, Im aged in 30’s,and its taken 4years to save the amount i have now. And about to have another child on the way this year, Dont know if the property market will have a correction in next 5 years or so and could grab a house cheaper ,then they are now?or in those years to the correction will prices still creep up so better to jump on now , ,once on the market any blips , wouldn’t bother me as in it for the long run20-30 years. Or have thought about doing both borrowing to expand business and use own saving for property but i would be very low on any savings and if expansion didn’t work or recession hit or property let out issue, it would be doable but a big struggle to cover all outgoings if one or both ventures had issues. But returns could be there if brave enough? [/QUOTE]
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