What do you think? Borrow more debt or not?

[OwlHoot]

Thankfully you'll be living in a house you can eat, right?

The garden, yes. I have over a dozen kinds of edible fruit trees, and a potato and rhubarb patch, and plan to start keeping chickens.

[clearedforlanding]

Borrowing debt? Isn't that getting a loan for a negative amount? Probably makes sense in these days of negative interest.

A CDO can be borrowed can it not? I guess that would be borrowing debt.

[seanraaron]

And yet you can't be bothered to buy the roof over your head, you're hoping someone else will be forced to provide it under conditions that suit you.
Why are lefties so feckless?

I'm paying rent so sod off.

[BrilloPad]

They need to do things properly. Get themselves a £600K mortgage on a starter bedsit.

Exactly. Its hard to get a parking space for £100k these days.

[original PM]

'We've got £80,000 in student debt. Can we borrow £100,000 for our first home?' - Telegraph




I wonder how many iCrap products they have and how much they spend on Sky TV and other such tulipe?

I wonder when the last time either of these hipsters had a beer was.

46k a year between the 2 of them so what they are team leaders at the local fast food stores??

Fook cnuts

[ClothCap]

We own a few properties yet we find it better to rent them out and then rent somewhere ourselves.

It sounds crazy (and it probably is) but the advantages to us are:

- Rent in gives us a surplus over the rent out
- We can live in a nicer are than if we just bought there. Ok we could stump and buy but the debt involved is scary and then we are stuck there. If a load of undesirables move into the area we can just give notice and move on.
- It encourages us to have less stuff which appeals to the minimalist in me
- When the sales are on the wife and I no longer get the urge to start hoarding crap
- I hate DIY
- All property maintenance costs are on the rental properties which attract tax relief
- We can upsize and downsize quickly and without all the fees associated with house purchasing.

Disadvantages

- Landlords can be crap
- Instability; you can be out with short notice

Not for everyone I guess but makes sense for us. If there was such a thing as a secure financial investment then I suppose we wouldn't need to play around with all this buy to rent palaver but its a funny old world.

[seanraaron]

- Instability; you can be out with short notice

This is the part I find the most amazingly crap about renting in this country: sixty days notice without any justification required. Thankfully that's one of the major purposes of the new renting bill in the Scottish Parliament. You'll probably have less people in social housing (not that there's anything intrinsically wrong with that) once the spectre of no-cause eviction is gone. I certainly wouldn't have been looking to move last June if I'd had a choice.

[WTFH]

The garden, yes. I have over a dozen kinds of edible fruit trees, and a potato and rhubarb patch, and plan to start keeping chickens.

We get our chickens from:
National Charity re-homing commercial laying hens and encouraging support for British farmers


If you're just wanting layers, they charge a couple of quid per bird, they are around 18 months old and will lay for a few years. You'll maybe get 5-6 eggs per bird per week in the summer, down to about 4 in winter, cause they lay when it's light.




Most expensive bit is the house - if you buy a cheap one (<£200) it will probably last 2 winters max. Spend £400+ and you'll get something that should last around 10 years.

[OwlHoot]

We get our chickens from:
National Charity re-homing commercial laying hens and encouraging support for British farmers


If you're just wanting layers, they charge a couple of quid per bird, they are around 18 months old and will lay for a few years. ...

Many thanks WTFH.

I was told hens typically live for only about two years. So if they are 18 months old when I buy them, they won't be laying for long!

Mind you, at only £2 each I suppose even laying for a few months is worth it.

[ChimpMaster]

Many thanks WTFH.

I was told hens typically live for only about two years. So if they are 18 months old when I buy them, they won't be laying for long!

Mind you, at only £2 each I suppose even laying for a few months is worth it.

And you get to eat them afterwards.

Could we get even more off topic I wonder....