At least the civil servant doesn't have to stick his arm up a cow's @RSE to earn his money. Gets up 9am, stroll down for the papers, golf in afternoon, grandkids whenever they want.If you end up with a house and a million quid, it's only going to give you the equivalent pension of a medium ranking civil servant.
That is probably a good bit more income than many will make out of actually farming though and without the physical or mental stress and toil.....If you end up with a house and a million quid, it's only going to give you the equivalent pension of a medium ranking civil servant.
Renting out is suicide?!Swings and roundabouts. Land is a good place to keep your money. But what to do with it ? Farming returns are laughable. As said above, it's nice to have dosh to spend rather than keeping 1960's gear going. Renting out is suicide.
To sum up..... Keep some land........but also have some dosh handy.
Just spent £20k getting rid of a tenant on an AHA. The agreement was subtly changed over the years in favour of the tenant. Could the same happen to a long term FBT ? I wouldn't risk it.Renting out is suicide?!