Reply to: Be afraid, be very afraid

[d000hg]

What you mean 32 acres is not enough?

http://www.primelocation.com/uk-prop...id/MAYHA111080

Actually that's exactly what I was thinking when I talked about a big place in the country... a sensible house with land. I assumed you were looking at big pretty 4-bed houses.

But yes, being so close to London does you mean are paying a premium for a dump with lots of land. Away from the SE you could get a few acres and a nice cottage somewhere for much less.

[THE GENERALIST]

http://www.telegraph.co.uk/finance/f...rl-Harbor.html

The multi-billionaire, who is an informal advisor to President Barack Obama, conceded the economy had approached "close to the worse case" possible.

He also warned that recovery would not come quickly.

Acknowledging his own failure to foresee the scale of the crisis, he admitted: "It's fallen off a cliff. Not only has the economy slowed down but people have really changed their habits like I haven't seen."

Mr Buffett, recently ranked the second-richest American by Forbes magazine, said that fear was the greatest cause of damage to the economy, claiming it is now dominating the public's behaviour to an alarming degree.

"People are confused and scared," he said.


Doomed!


That's why I'm taking the following action:

1. Buying a house with land to grow food.
2. Getting a shotgun licence and buying a lot of shotguns.
3. Taking hand-to-hand combat training
4. Learning how to use a sword and a bow-and-arrow

Chauncey Gardener

[Liability]

http://www.telegraph.co.uk/finance/f...rl-Harbor.html

The multi-billionaire, who is an informal advisor to President Barack Obama, conceded the economy had approached "close to the worse case" possible.

He also warned that recovery would not come quickly.

Acknowledging his own failure to foresee the scale of the crisis, he admitted: "It's fallen off a cliff. Not only has the economy slowed down but people have really changed their habits like I haven't seen."

Mr Buffett, recently ranked the second-richest American by Forbes magazine, said that fear was the greatest cause of damage to the economy, claiming it is now dominating the public's behaviour to an alarming degree.

"People are confused and scared," he said.


Doomed!


That's why I'm taking the following action:

1. Buying a house with land to grow food.
2. Getting a shotgun licence and buying a lot of shotguns.
3. Taking hand-to-hand combat training
4. Learning how to use a sword and a bow-and-arrow

do / did you practise it or does it come natural?

[Mich the Tester]

Not now that Brittania have their hand on it. Expect a massive fall in service

I said 'a' cooperative bank, not 'the' cooperative bank. The safest banks are those run by and for French or German government employees and farmers, closely followed by Rabobank. Lefty French civil servants and conservative Dutch farmers don't believe in wierd financial derivatives; they invest in land, farming machinery and breeding stock. Seeing as there are 6 billion people on earth who all need feeding, and that number is growing, there's a lot of sense to their investment policies. It just wasn't very fashionable for a long time.

[Foxy Moron]

sticking the rest in a cooperative bank.

Not now that Brittania have their hand on it. Expect a massive fall in service

[Mich the Tester]

with a few tons of fertilizer I'm sure you could have a decent sized vegetable patch.

For about 2 years yes, but then the costs of fertilizer will go up as your land's nutrients are depleted.

Oh, and don't try turning woodland into arable land; that's what people tried in Brazil, and after two growing seasons they ended up starving as there were no more nutrients in the ground; rotting wood on the forest floor is a great mulch and humus source, but contains almost no nutrients.

I'm afraid this project isn't going to fly.

[Foxy Moron]

That house looks like a shed, 800k is for the land, which you won't be able to do anything with.


Re advisor, another opportunity to talk the market down before buying more cut down shares!

[Svalbaard]

Perhaps. But why would you be so influenced by a man who claims to be "a top advisor" but failed to see this coming? It's easy to be knowledgeable after the event.

All of these persons in their lofty positions have turned out to be idiots driven to blindness and arrogance by their greed. Nothing more.

[OwlHoot]

What you mean 32 acres is not enough?

http://www.primelocation.com/uk-prop...id/MAYHA111080

Wow, that's amazing value so close to London. If I had £800K spare I'd buy it in a flash.

Probably not very fertile, as Mich said. But with a few tons of fertilizer I'm sure you could have a decent sized vegetable patch.

[Mich the Tester]

What you mean 32 acres is not enough?

http://www.primelocation.com/uk-prop...id/MAYHA111080

It's a run down cattle shed surrounded by 'grazing land'. Yep, grazing land; that's the land where only grass will grow succesfully, so the only thing you can really farm successfully will be cattle, and it'll be a small herd; you need about 5 acres per cow assuming you don't want ot have to buy feed from external suppliers, so you'll be able to keep max 6 cows; that isn't much. Obviously, you'll have to slaughter two, plus any male calves you don't need, and you'll need to rent a stud each year to avoid inbreeding in your tiny herd or at least buy frozen semen, which isn't cheap for good quality stuff. You won't grow much veg, hops or vines on that land. Oh there's a bit of woodland as well, so you might shoot the odd pigeon. I'm afraid the sums just don't add up though.

I don't think you should underestimate how skilled the work of a cattle farmer is, and just how much hard work it'll be.

You might be better putting your million into a little house in Portugal with a vegetable patch, buying yourself a boat to go fishing and sticking the rest in a cooperative bank.

[thelace]

Does that mean we should also stock up on Pot Noodles?

[DimPrawn]

For the £1m you're talking about in other threads, you could buy a reasonable house with a massive amount of land in the country and be properly self-sufficient, instead you want to buy a big house in the south-east with a bit of land attached? If things do properly collapse, think how much competition for resources there will be in the south-east. Your only chance is there will be so many looters they'll be too busy fighting each other over your stuff and you get time to escape.

What you mean 32 acres is not enough?

http://www.primelocation.com/uk-prop...id/MAYHA111080

[d000hg]

Yes, because paper money is going to be more valuable than land on which I can grow food and live on.

For the £1m you're talking about in other threads, you could buy a reasonable house with a massive amount of land in the country and be properly self-sufficient, instead you want to buy a big house in the south-east with a bit of land attached? If things do properly collapse, think how much competition for resources there will be in the south-east. Your only chance is there will be so many looters they'll be too busy fighting each other over your stuff and you get time to escape.

[DimPrawn]

trapping all my money in property which will be unsaleable when things collapse

Yes, because paper money is going to be more valuable than land on which I can grow food and live on.

[EternalOptimist]

Then he drawls 'You're going to look mighty stupid with that Quantitive Easing stuck up your ass'