Hi! Julia and welcome. When TSHTF could you move in with your parents or in laws if they have houses with large gardens? Older people would want someone to look after them in their dotage in the future. The state isn't going to be able to do it any more. If they have the garden space that could be an option. Do they know about PO and more important the bankruptcy of the UK? If not, have you tried telling them?
If that isn't an option, I would go for the small holding, if your husband's job is relatively secure in the short term. In the medium to longer term no job will be secure. If you're more than three miles from a school, does the LA provide a bus or taxis as they used to do, or could you pay towards a neighbour's costs?
I wouldn't worry about paying a mortgage when TSHTF because I don't think there will be anyone to come and collect.
Hello and a question
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kenneal - lagger
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featherstick
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Jesus. I don't know why anyone thinks debt is going to evaporate in some sort of upheaval. It won't, short of the zombie apocalypse. Debt represents an asset and assets have value, and even if your credit institution - bank, building society, whatever - goes bust, the debt will be sold on to someone else, who will come looking for you to recover it.kenneal wrote: I wouldn't worry about paying a mortgage when TSHTF because I don't think there will be anyone to come and collect.
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kenneal - lagger
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From "Taking on a mortgage going forward..." http://www.powerswitch.org.uk/forum/vie ... 346#177346featherstick wrote:Jesus. I don't know why anyone thinks debt is going to evaporate in some sort of upheaval. It won't, short of the zombie apocalypse. Debt represents an asset and assets have value, and even if your credit institution - bank, building society, whatever - goes bust, the debt will be sold on to someone else, who will come looking for you to recover it.kenneal wrote: I wouldn't worry about paying a mortgage when TSHTF because I don't think there will be anyone to come and collect.
If we get the sort of slow collapse that means there will be people trying to realise their purchased asset, in the form of a mortgage defaulter's house, the government would have to enact legislation to keep defaulters in their properties. There would be so many defaulters and so many empty houses that it would be unmanageable to chuck everybody out.
If you had the right sort of property in the right place, possession would be nine parts of the law. By the time full collapse arrives the possessor would be the owner.
What would the owner of your debt get from an empty house? No one would be able to buy it from them and if you have to pay a rent, what's the difference between that and a mortgage? The rent would be negotiable as everyone would be in the same boat.
Action is the antidote to despair - Joan Baez
I'm quite shocked that people on here want people shot....cubes wrote:That wall's going to be pretty damn crowded...lurker wrote:First up against the wall when the revolution comes, or TSHTF along side other leeches like bankers
.... surely hanging them is far more green as we can re-use the rope again and again..
Learn to whittle now... we need a spaceship!
I don't think Douglas Adams said what happened to the Marketing Department of the Sirius Cybernetics Corporation. He just said they were "a bunch of mindless jerks who were the first against the wall when the revolution came." You're just assuming they were shotpostie wrote:I'm quite shocked that people on here want people shot....cubes wrote:That wall's going to be pretty damn crowded...lurker wrote:First up against the wall when the revolution comes, or TSHTF along side other leeches like bankers
.