Growing evidence that the downturn is upon us....
Pprune Voyeur
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Funnily enough that's what I've done today - bought the farm!
WWW
WWW
Now that's what I call superlative message board functionality - a seance engine!
Its a leisure purchase, not an investment.
WWW-in-Wellies.
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WWW-in-Wellies.
FTSE 100 ends day in bear market
PPRuNe Handmaiden
WWW, so you bought a leisure centre? I guess you need to wear Levis 501s? 
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WWW, you did what? You bought a farm! as a leisure purchase! Are you mad.
You will be getting up at 0430 every day and going to bed at midnight, every day, including xmas day, new year day, your wifes birthday, your birthday, everyone birthday. During lambing/calfing/both, you wont be going to bed at all. You will permanently stink of cow* **** no matter how many times you take a shower. You will go frigging insane trying to cut grass for hay, then it will rain, the hay becomes haylage, the bailer breaks, it rains more and it becomes silage. By winter you will discover its just poisonous **** that your animals are trying to eat. You will then go out begging for winter feed for the remaining survivors. In the summer, your combine will breakdown during the only two week weather window for harvest. Your prize tup will break into the ewes and present you with the prospect of lambing mid winter, Oh joy of joys. If you get this far, a local government laboratory will release some noxious substance that will wipe out any reaming stock that you have. Don't believe that you will get compensated either. There is no way a farm is a leisure purchase, your wife will desert you, your former friends will call you as a lazy land owner, and your children will turn to gun/knife crime. In short you will become a social outcast that no one wants to know or talk too, apart from other farmers.
With the amount of money required to buy and run a farm, I would advise going to a good FTO, do a full ATPL and go into aviation. Unless of course you have a hidden agenda, like building a housing estate in fives years time.
* add or substitute a farm beast of your choice
You will be getting up at 0430 every day and going to bed at midnight, every day, including xmas day, new year day, your wifes birthday, your birthday, everyone birthday. During lambing/calfing/both, you wont be going to bed at all. You will permanently stink of cow* **** no matter how many times you take a shower. You will go frigging insane trying to cut grass for hay, then it will rain, the hay becomes haylage, the bailer breaks, it rains more and it becomes silage. By winter you will discover its just poisonous **** that your animals are trying to eat. You will then go out begging for winter feed for the remaining survivors. In the summer, your combine will breakdown during the only two week weather window for harvest. Your prize tup will break into the ewes and present you with the prospect of lambing mid winter, Oh joy of joys. If you get this far, a local government laboratory will release some noxious substance that will wipe out any reaming stock that you have. Don't believe that you will get compensated either. There is no way a farm is a leisure purchase, your wife will desert you, your former friends will call you as a lazy land owner, and your children will turn to gun/knife crime. In short you will become a social outcast that no one wants to know or talk too, apart from other farmers.
With the amount of money required to buy and run a farm, I would advise going to a good FTO, do a full ATPL and go into aviation. Unless of course you have a hidden agenda, like building a housing estate in fives years time.
* add or substitute a farm beast of your choice
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With the amount of money required to buy and run a farm, I would advise going to a good FTO, do a full ATPL and go into aviation. Unless of course you have a hidden agenda, like building a housing estate in fives years time.
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Funnily enough that's what I've done today - bought a farm!
But you have to admit, if you were that pessimistic about real estate you wouldn't have done that in the first place.
Alex, thanks for joining this thread with a fresh breeze of common sense.
Common sense is what we need today, common sense is what we will need tomorrow.
What will happen in the future is never sure. The best thing to do is to take the least risky options. That is valid in any situation.
Borrowing huge amounts and gambling your house for a piece of paper that may or may not get you a job on an airliner within a resonable timeframe is foolish.
Stopping, postponing, reconsidering whether or not you will start training is the other extreme.
Go somewhere in between and you should be safe.
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Spinnaker,
If your prediction of the farmer's daily schedule comes true, this thread will slow to a one page per month growth rate. Oh my, what will we do without the D&G. I guess we'll have to read the news for ourselves.
You also wrote, "you will become a social outcast that no one wants to know or talk to..."
I'm not sure that will be anything new and different.
If your prediction of the farmer's daily schedule comes true, this thread will slow to a one page per month growth rate. Oh my, what will we do without the D&G. I guess we'll have to read the news for ourselves.
You also wrote, "you will become a social outcast that no one wants to know or talk to..."
I'm not sure that will be anything new and different.
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... and a little bit of the balance Alex W was talking about.
BBC NEWS | Northern Ireland | Plane maker invests £500m in NI
Before someone lambasts me for being a starry-eyed wanabee, I'm not. I'm pretty sure I know where a lot of 250hr CPL holders will not be sitting next year. All I'm saying is that endless links to snippets of economic information are becoming pointless.
BBC NEWS | Northern Ireland | Plane maker invests £500m in NI
Before someone lambasts me for being a starry-eyed wanabee, I'm not. I'm pretty sure I know where a lot of 250hr CPL holders will not be sitting next year. All I'm saying is that endless links to snippets of economic information are becoming pointless.
Join Date: Sep 2003
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Adios,
I think my prophecy has already come true, no posts from WWW since the 11th.
I have a farm myself. I went for the good life, not the leisure life. With my schedule, I find it helpful for someone to read the news for me. Since my last post, I've spent all of my time stalking two foxes, so far they have cost me £500 in destroyed hens and lost production. Need to add this to my list of pain that www is up against. Still, I wouldn't swap it back for an alarm clock and roster.
I think my prophecy has already come true, no posts from WWW since the 11th.
I have a farm myself. I went for the good life, not the leisure life. With my schedule, I find it helpful for someone to read the news for me. Since my last post, I've spent all of my time stalking two foxes, so far they have cost me £500 in destroyed hens and lost production. Need to add this to my list of pain that www is up against. Still, I wouldn't swap it back for an alarm clock and roster.
Está servira para distraerle.
It has been said in the City that if you buy a farm or small sporting estate and arrange your tax affairs correctly and quite legally then you will, at the least obtain the following benefits.
Large EEC subsidies for doing not much more than nothing.
Huge revenues if your land is sufficient in the right kind of acreage to support a pheasant shoot.
A reasonable and tranquil lifestyle.
An increasingly valuable asset as farming land can always be built upon.
CGT avoidance on any future resale.
No inheritance tax on the property when you die.
No working farmer one has ever met has greatly benefited from this arrangement.
Every non farming farmer one has ever met has increased his paper worth significantly by such means.
The proof of this lies in the amazing increase in price over the last four years in what estate agents are wont to call 'small sporting estates' and which most people would refer to as defunct farms.
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Threat to aircraft orders as fuel prices soar
Sharp rise in UK profit warnings
More than $100 billion (£50.2 billion) of aircraft orders could be cancelled or postponed in the next couple of years as the high price of fuel drives airlines into bankruptcy or forces them to cut spending.
Analysts estimate that 20 to 30 per cent of the $530 billion order backlog held by Boeing and Airbus, the aircraft manufacturers, could be cancelled or delayed as the aviation industry heads towards a winter of turmoil. These cancellations would have a significant impact on aerospace suppliers such as Rolls-Royce, the engine maker.
Analysts estimate that 20 to 30 per cent of the $530 billion order backlog held by Boeing and Airbus, the aircraft manufacturers, could be cancelled or delayed as the aviation industry heads towards a winter of turmoil. These cancellations would have a significant impact on aerospace suppliers such as Rolls-Royce, the engine maker.
There are fresh signs of a slowing UK economy with the number of companies warning their profits would be lower than expected at a seven-year high. There were 98 profit warnings from UK-listed companies in the three months to 30 June, according to Ernst & Young, the most in that period since 2001.
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And the counter balance to that bit of news from heli-port:
Boeing is forecasting a $3.2 trillion market for new commercial airplanes over the next two decades, driven by an increasing demand for aeroplanes to replace older, less efficient aircraft.
ABTN – The latest air travel & airline news
Boeing is forecasting a $3.2 trillion market for new commercial airplanes over the next two decades, driven by an increasing demand for aeroplanes to replace older, less efficient aircraft.
ABTN – The latest air travel & airline news
Breaking News
"Kellogs have announced they are going to create a new cereal, it’s called Credit Crunch"
Heard this on the radio this evening and made me chuckle.
Heard this on the radio this evening and made me chuckle.
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"Kellogs have announced they are going to create a new cereal, it’s called Credit Crunch"
A380 'to benefit from oil prices'
EADS, the company that owns Airbus, expects to benefit from the high price of oil.
FIZZ, multi-billion-dollar deals and earplugs are the standard fare for the Farnborough Air Show, the biennial aerospace jamboree that kicks off at the Hampshire airport tomorrow.
Bombardier, which made its name in trains, business planes and small regional jets, is expected to say the C-Series will burn 20% less fuel than competing planes from Boeing and Airbus.
The US Government took dramatic steps to prop up America’s financial system last night, announcing that it was prepared to pump billions of dollars into the country’s mortgage market in a desperate measure to prevent the economy going into a tailspin.
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cavortingcheetah,
I don't think you'll find much in the way of getting grants and subsidies for doing nothing. Have a look through the various LMO's Its bloody hard work. It is a tranquil lifestyle for the gentleman farmer, ie someone who started out in life with pots of cash. For everyone else, its a good lifestyle but not necessarily tranquil or profitable.
True you can build on it IF you get planning permissions, however it is liable to CGT
Your last para is more about agents talking the job up. There is a lot of guys who bought these defunct farms and now regret it.
I don't think you'll find much in the way of getting grants and subsidies for doing nothing. Have a look through the various LMO's Its bloody hard work. It is a tranquil lifestyle for the gentleman farmer, ie someone who started out in life with pots of cash. For everyone else, its a good lifestyle but not necessarily tranquil or profitable.
True you can build on it IF you get planning permissions, however it is liable to CGT
Your last para is more about agents talking the job up. There is a lot of guys who bought these defunct farms and now regret it.