The Accidental Smallholder Forum
Community => Coffee Lounge => Topic started by: WinslowPorker on June 15, 2010, 10:57:17 am
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Well thats it folks after much fighting and struggling to survive we have decided to sell the house and move down the ladder. I should be thankful that we at least have that opportunity to still do this, but i think as a man its hard to swallow pride and accept that you cannot keep the family home. the recssion has bitten and bitten deep, but what do you do?? had to take a 25% paycut or no job so over a barrel really. mind you am only 36 so plenty of time to bounce back :)
Oh well here we go back to estate agent and solicitor hell....... no where did i put that knuckle duster :o
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I wish you all the very best of luck, the recession takes no prisoners. I run my own business and know just how hard things can be when people don't go out and spend money. I hope all works out well for you. :)
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WP think of this as an opportunity to buy something different. Seriously look for a disused pub there are some great deals at whatever cash level you have, from 100k right up to 500k.
Sometimes life has a way of turning out better than you expect in a way you didnt want.
Good luck whatever you decide.
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Good luck with everything WP.
I hope it works out well and things happen quickly for you all.
:love:
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We are so sad for you WP Lets hope you can find a nice place where you and Jess can grow some pigs and hens and not have to worry about winding down day.What ever don't rely on your income from the pigs etc.You want a stamp on your card and some living cash.I know :farmer:
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So sorry to hear that you are having to sell up, but as you say at 36 there is time to claw your way back up the ladder again, I do wish you all the best and hopefully you will get a quick sale and be able to move on.
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I'm sorry to hear that WP :( as the others have already said, I hope you find somewhere lovely. you are still very young (same age as me ;) ) so there is time
hope you find your knuckle duster (wish we'd had one for our last estate agent!!)
Lisa :)
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Sorry to hear your news WP.
We sold up last year and it was a horrible time. Since then we've moved away, bought land (which was always our dream) instead of another house and rent a beautiful farm house that we could never afford to buy in a million years. Hubby now earns less but has a job he enjoys more, the children love the house and land and although we still don't have much spare money each month we're so much happier than when we were struggling to keep everything going with our last house and workng crazy hours etc.
Hope things work out for you. :)
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That's rough WP. I hope things turn out well for you. Good luck.
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Hope things improve for you. Good luck in whatever comes your way
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Be very careful and take legal advice and quotes before you do this. There are considerable costs in selling and buying houses, and property has dropped in value also because of the recession. It is also far more difficult to obtain mortgages. You may find it is better to stay put and find some other way to solve financial problems. Banks will restructure loans adn overdrafts. Mortgage companies will restructure an existing mortgage. Lawyers and estate agents cost money.
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Graphically, we drew our inspiration from the age-old newspaper headline design, with the use of double ruled lines and justified text. For packaging, we stayed true to our ‘no-frills’ concept, using leftover assets from previous projects. Thus, the Recession Bites “brand” was established.
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Good Moaning M as Arthur Bostrom would say.I cannot collate nor do I understand your post other than "Recession Bites) Please tell Wizard what the rest of the post means
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I think its taken from this George - http://lovelypackage.com/recession-bites/
looks like an american company...
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God have i been in dark place this week, i suppose its just the realisation of what is happening. DOnt get me wrong i thank my lucky stars that we have got an 'escape route', but my silly male pride has taken a bigger battering the the Chief Exec of BP this week. oh well no use crying over spilt milk, time to roll up my sleeves and get messy.
Not trying to be dark or send the conversations spiralling into gloom, just a real situation that i am facing and it is quite a strange concept that i can be open with a bunch of great people whom i have befriended but will probably never meet?? thanks guys
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It is a difficult time you are going through WP.......We've been there, done that and got the t-shirt! A dreadful time to be going through, but please believe me when I say that things do get better.
Looking forward to seeing you and Jess very soon.
It's OK to feel down and in a dark place, but you are right when you say it's time to 'roll up the sleeves and get messy'. You have an exciting life ahead of you and now can be the beginning of great things.
:) :) :)
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We hope things work out for you and your family.
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think of it as a new begining WP, better to scale down than to struggle on.
some real struggles going on, keep your chin up
x
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I sometimes think it's easier to talk to more "anonymous" people online, than talking to people who are in front of you. Remember to share your feelings with your other half though- don't shut them out.
I wish you good luck WP, I know its not an easy time to go through. Be assured, we will be here to listen.
Beth
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Having been there and worse I still have the scars ( bad memories) I totally agree with Beth.Talk to some one use your Email service to keep it more confidential.Explain to Mrs and Jess why YOU WANT TO MOVE and tell her it will be an adventure.Get her to look forward to moving and what she will be able to do at the new house.All the very best from George and Kath Try to keep cheerful in front of Jess
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thanks guys, butthere has been a development as in Mrs WP has managed to get alittle part time job which fits around Princesses playgroup!! all fingers crossed but hopefully we can keep our home. Perhaps the rolling up sleeves and fighting was meant so we can stay here and not be beaten. weekend of talking and agreeing the way forward is on the cards i think. but there seems to be a silver lining to this black cloud, fingers, toes, arms, legs & eyes crossed :wave:
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All crossed here too, WP! Remember it is costly to move home so take that into consideration too. Lawyers and estate agents fees, stamp duty, removal men, phone and other utilites to change. New carpets/curtains. Stay put if you can. and the very best of luck, whatever you decide to do.
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You can ask for estate agents (1% only pay) and solicitors to lower their charges, if they want the work they will do it as 1% is better than nothing.
Get a load of mates to help you move so you don't spend on removal men, and the phone people have loads of reconnection deals that are free, look it up on the 'net.
Ask your bank to stop any charges if you are overdrawn or arrange for a short term free overdraft, repayable on your house sale.
Ask all of your creditors to stop the charges or adding interest, explain that you can pay what you owe at a reasonable amount per week/month but with charges you couldn't so something back is better than nothing for them. You cant get blood out of a stone scenario.
Sometimes its better to lower your house price to just under stamp duty level to sell it quicker than pay stamp duty at a higher level.
Ask your new house vendor if they will do this to cheapen your new purchase, or ask that if you have to pay stamp duty they will lower their overall price for you to accommodate the duty or leave you carpets and curtains or furniture etc..
Carpets and curtains look at charity shops and for shops that are closing down, again you can find these on the 'net.
Always, ALWAYS ask for a discount for anything you want (services as well as purchases) as they can only say 'no' but in this recession people usually say 'yes'.
Good luck and I hope you can find comfort with your friends here and I hope I'm helping too. ;D
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Kath and I as well WP :farmer:
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Thats it we are staying put, time to roll up sleeves and really beat this. all the family agreed so we finally have a silver lining
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We've been in a very similar situation so I can sympathise but we've managed to work things out too - hope it all goes to plan for you xx
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Well after a weekend of talking and tackling difficult subjects at time, and taling our heads out of the sand (to which i am just as guilty of) Family WP are not out for the count, as a couple, team and family we will do this! it cant be a recession for ever...................can it? ???
Let happy days commence :wave:
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No it can't be recession forever and hopefully we are over the worst. you sound like a determined, hardworking, ambitious, proud person - with all those attributes things will work out for you.
Tony and I are currently going through similar but perhaps not quite on the same scale - belts tightened, sleeves up...
take care WP and I am sure you will be fine - Lisa
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Just remember whatever the emergency budget throws at us tomorrow it is never as bad as the pundits says in real life terms. I think it is going to be a harsh budget - VAT rise, Capital Gains Tax rise, Stamp duty rise, perhaps NIC rise. But they only bite if you move home, but high priced goods, and have investments. The majority of ordinary people don't have all of these going on at the same time.
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VAT rises effect everyone though Annie. In already fragile enviroment a rise in VAT will be fatal for many of us small businesses who are already finding it tough. It seems odd that a few months ago the Labour government cut VAT to kick start the economy so how can they now say that by raising it they are doing it for the best of the economy?????
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... well said James. Its a rant of mine too.... ;)
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I know I should not ask but why is an increase in VAT affect you If you are VAT registered If you buy an article for a pound you will pay the Vendor the current VAT rate.When you sell it you will charge the appropriate of VAT Then you will submit your claim for a VAT repayment and pay THE VAT MAN the dues you have collected free for him as his unpaid tax collector. ??? :farmer: :wave:
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I know I should not ask but why is an increase in VAT affect you If you are VAT registered If you buy an article for a pound you will pay the Vendor the current VAT rate.When you sell it you will charge the appropriate of VAT Then you will submit your claim for a VAT repayment and pay THE VAT MAN the dues you have collected free for him as his unpaid tax collector. ??? :farmer: :wave:
It means you pay the tax man more so you have to put your prices up to cover this - very dangerous at this stage of the "recovery".
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think the govt are in a no win situation and have 'inherited' a really deep pile of pooh that they need to find a way to fix. i think this will be a tough budget, but i think we need it or the entire country will be bankrupt.
and yes, we'll find it tough too as hubby has just taken a new job with a significant pay cut - but he will be happier and that will be good news for the whole family....hopefully!
oh well, will just have to grow even more veg!
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Glad to hear your looking up WP :)
I'll be effected by most of the tax rises planned, as I employ people, have a ltd company and am VAT registered, dunno what tomorrow (whoops today as its taken ages to write this)
will bring.
One reason why a rise in VAT for small/micro business is bad is that many have their prices compared with other small businesses/self employed that are not registered. I know the flat rate scheme helps alot with this at the moment, I only hope that this is not effected. The thing is that some businesses are 'expected' to absorb VAT rises to remain competitive.
If I was in charge I'd do something crazy like have a VAT 'holiday' for 10 months - try and get some of those savers to spend their money. Then introduce a tapered 'Flat rate' scheme that didnt matter what business you where in, just how much profit you made. Set the VAT at the current 17.5%, then if your business makes a profit in the year you only pass on a tapered rate from 0% up to a full 17.5% pass on at £50,000 profit. This would encourage the many small businesses that are truly involved with our day to day lives.
We need to be helping small/local business in this crazy environment. 'Big' business has the world market to fall back onto for financial backing - (in 'what they think' is sustainable - ha ha). Small business does not have that backing at the mo, they are on the ground level. Create local jobs not feed national corps.
Ta
Baz
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Oh yes James.I really understand all that.Winging Road Haulers are all ways on about the price of fuel.They don't pay for it,You do if they do a job for you,and they claim the VAT back.I also appreciate if you are NOT REGISTERED you pay twice and that is something to moan about and needs altering,but how? He is in the s**t up to his hair.Lets hope he doesn't sink and us with him ??? :farmer:
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Oh yes James.I really understand all that.Winging Road Haulers are all ways on about the price of fuel.They don't pay for it,You do if they do a job for you,and they claim the VAT back.I also appreciate if you are NOT REGISTERED you pay twice and that is something to moan about and needs altering,but how? He is in the s**t up to his hair.Lets hope he doesn't sink and us with him ??? :farmer:
But Wizard if you are a driver and the cpst of fuel goes up(again and again - as it does) you have to push that price increase on to your cutomer so it does effect the general public too. Time till tell what happens in todays budget.
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But of coarse James but it still not costing you any thing over a period of time only the customer and as I said the non registered :farmer:
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But of coarse James but it still not costing you any thing over a period of time only the customer and as I said the non registered :farmer:
Wizard I don't mean to be rude but what planet did you fall from? If we have to put our prices up people can't therefore afford to go out to a restaurant for food or a bar for dinner. If customers stop using my hotel I go bust and loose my home - everything. Now tell me why it doesn't effect me please?
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I don't consider you rude at all James we both misinterpreted what was written I claim the Truckers are always moaning about the price the have to pay for fuel Agreed? So they increase the costs on to the customer?Agreed? Then they claim the VAT back?Agreed.Where has it cost them? It's me and thee that pays I don't have a VAT Number now so I cannot claim back.Like the bussiness that is no Vat Registered do you now see my point It's a vicious Tax any way and he is so short of money he is bound to put some sort of Tax on food sooner or later :farmer: :wave:
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I have a few different business under one Ltd and VAT rises affects them in different ways.
With my web work, granted it wont effect me much at all as I invoice for the amount + VAT. My prices wont have to rise in comparison to other businesses as most are VAT registered and we will all just change our invoices VAT final amount to compensate.
With my campsite, I have set round prices eg £5 per night. I wont be changing the price after a VAT rise and so will have to adsorb that price increase with that cash coming straight off my profit/turnover.
With the farm - the expenditure at the moment far outweights the profits being taken, meaning any VAT increase on farm purchases cannot be offset against incoming invoices.
Yes VAT on fuel can be offset as a business expense, but its the 80p of tax in the £1 on fuel before VAT is even added that stresses most users of fuel.
Well the budget is on now if anyone is interested in watching it develop.
Ta
Baz
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Oh dear now listen to them winge 20% The world will end tomorrow. :'( :farmer:
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Oh dear now listen to them winge 20% The world will end tomorrow. :'( :farmer:
Wizard, January is one of the hardest months for a hotel to make money as people have spent all their money on christmas. People are fed up going out after all the parties in December and they feel they have eaten out and drank enough for a while. Now, to add pressure to this hardship the hotel owners will have to increase their prices - at a time of year when they are really struggling to cover their bills! Now tell me that we are moaning for no reason.
No the world won't end tomorrow as the increase doesn't come in to effect till January but soon after then MY WORLD may well end or come crashing down about me. I really wish you would consider other people before you make some of your remarks. Remember this thread was started by a guy who thought he was going to loose his world but who may now (fingers crossed) just manage to keep his head above water and the home that he and his family have worked so hard for. Who knows how this increase in VAT may now just put the final nail in his coffin?
At the start of next year my friend perhaps this, as you seem to see it, trivial increase may just bring about an end to the life many of us today enjoy! But hey I pray that your sarcasm is correct and my fears are wrong.
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Don't be so BLOODY HEAVY James.I have offered WP and Princess, Mam as well all the best wish we can.Yes I appreciate hoteliers must suffer badly in January and February too I shouldn't wonder.My poke was at road haulers generally Every time there is an increase They winge and whine, and I don't care what you say James the increases are passed on to their customers.I also have to pay VAT on my fuel but I cannot claim it back So I will expect another Demonstration outside the Refinery gates now.About the tax on fuel You saw yesterday how much debt the country is in I have always said so long as he does not put it on food! We sincerely hope your world does not collapse either.But it still hits the man or woman in the street most.VAT on food will be devastating Won't it
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Wizard I am not being heavy I am being honest and realistic. They may not have added VAT on to food but remember the haulier adds his increase in to the supermarket and so the supermarket has to put the price of their food up and up and up! Fuel costs effect every single one us whether we drive or not.
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YES JAMES AND THE HAULIER STILL CLAIMS IT BACK and you still pay the supermarket price increases You pay I pay but not the haulier because he claims it back :farmer:
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Wizard I am not being heavy I am being honest and realistic. They may not have added VAT on to food but remember the haulier adds his increase in to the supermarket and so the supermarket has to put the price of their food up and up and up! Fuel costs effect every single one us whether we drive or not.
Yes, as an Accountant I can vouch for that. The only people who gain from VAT are the government lackies and their expense claims.
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are you two going to argue for much longer????? Was going to come in for lunch today but think you'll be crabby so might not bother....
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I am not grumpy Laura, I am always high with life ha ha ha.
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Pleased you were not my accountant Anne.I have reread my posts and cannot find anywhere where I have said they gain any thing from VAT Please read and try to understand what I have written :wave:
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Since this is going nowhere THE END :farmer: