http://i.imgsafe.org/0f878c1199.jpg A personal look at the risks & potential opportunities in post-Brexit Britain. I'm hoping to generate some discussion about exactly what we can expect from Brexit. I'll talk about my personal circumstances for some sort of context. **My goals:** - Well, Financial Independence would be nice! (i.e. a source of passive income that pays my living expenses) - I need stimulation - I work alone from home, so I'm starved of company. - While other people travelled during their twenties, I didn't. I want to see more places. - To continue working - I love my job & feel it brings benefit to people. However I might cut my hours to 3 long days a week (36 hours) - Adventure, sunshine, exercise. **My Advantages:** - I can work from anywhere (with an internet connection) - I can charge a good hourly rate - I love my job & find it fulfilling - I was born in Northern Ireland & therefore am entitled to apply for an Irish passport (i.e a backdoor to the EU if needed) - I earn a lot of my income in US dollars (i.e it's actually beneficial to me if the £ continues dropping in value) - I'm free to work as much, or as little as I want **My Disadvantages:** - I am a bit 'rootless' - I've travelled a lot within the UK, lived in different areas & never put down 'roots'. Maybe I need a firm 'base'? - I'm probably behind my peers in building up assets, I've never owned property & so have missed the (obscene) rise in property prices in the last 20 years. **My Conundrums:** - Do I continue saving up for a house in Brexit Britain? What is likely to happen to the property market? I suppose my fear is that I belatedly buy a house, then the UK interest rates go up & the country promptly enters a 20-year-long depression. I'll be trapped with my major asset in a failing economy. - Surely leaving the EU will mean much less buying pressure as less people in the country, also overseas investors will be more wary of UK property as a 'safe haven' for their capital? - Markets hate uncertainty, surely this will drive house prices down? - Do I really want to invest 6-figures in a property in a country that's decided to turn inwards, when I see myself as a world-citizen & crave a Mediterranean climate? - Do I want to be bound to a country that is busy cutting, cutting, cutting? I'm paying tax while the services get cut cut cut. Where's the 'contract' here (i.e. I pay this & in return I get these services)? They are breaking the contract. If I travelled 6 months + a year I'd not be liable for UK income tax (this would please me, I want to opt out of their corrupt system). - My daughter is 10 years old, I don't live with her mother anymore, but I want her to feel secure & grounded & see me as a stable constant in her life. - The EU is dysfunctional & possibly doomed. Many European countries are in bad financial shape - it's probably not a good idea to risk buying property in somewhere like Spain either! **My Assumptions:** - British politics will continue to be appalling - incompetent & dogmatic Conservative government with an even more incompetent & dogmatic Labour opposition. - They'll continue favouring City of London finance companies over the rest of the country. - Most infrastructure spend will continue to be in the South East of England & London. - The UK will continue to be a sort of 'pirate island where finance companies can rig markets, dodge taxes, offshore risk, hide money (called 'laundering ill-gotten gains' in more polite company). - Can I take advantage if these assumptions prove correct? **Option 1:** *'Grow up'*. i.e Buy a house, work 50 hours-a-week, save into a pension & abandon any ideas of personal freedom, put down roots & buy some tartan zip-up slippers & a pipe. **Option 2:** *'No change'* i.e Stay in my rented house, keep squirrelling my money away, use my mini-campervan more & enjoy where I've got to in life & wait to see what happens. **Option 3:** *'The Goldilocks solution'* i.e buy a house, preferably 2 bedroom + a box room & rent out the 2nd bedroom for £100/week. Convert a minibus into a camper & spend 50% of my time exploring in & working from the camper. **Option 4:** *Hit the road!* i.e Buy a large van & turn it into my 'home on wheels'. Abandon any plans to buy a house. This runs into all sorts of issues like where is my address? How do I get insurance, what will it do to my credit score? Will I like this **Option 5.** *Join the French Foreign Legion* O.k.. this one is out :-P http://i.imgsafe.org/0ff6624f31.jpg Laying out the options like this, it seems that *'The Goldilocks Solution'* seems the most sensible option. I have a property asset & home that I'll pay off over the next 15 years, but which gives some stability/security (whether merely psychological or not), I'll also have a 'room mate' as they say in the US to reduce my expenses (no point in paying lots of money for a property if I'm going to be in the camper a lot). It'll also be more stable for my daughter when she's with me (though she says she wants to be a gypsy & live in a van!). Basically it gives me options, it keeps me 'in the world' with a credit score, an address, on the electoral role etc, while also giving me the ability to spend a lot of time on the road. If the UK government commits hari-kari then I'll neatly step to the side & leave in my van :) http://i.imgsafe.org/100a8e9476.jpg
post_id | 1,791,684 |
---|---|
author | alanfreestone |
permlink | building-assets-and-wealth-post-brexit-part-1-housing |
category | brexit |
json_metadata | "{"app": "steemit/0.1", "format": "markdown", "image": ["http://i.imgsafe.org/0f878c1199.jpg"], "tags": ["brexit", "money", "steem", "travel"]}" |
created | 2017-01-19 18:10:39 |
last_update | 2017-01-19 18:10:39 |
depth | 0 |
children | 0 |
net_rshares | 48,307,038,751,278 |
last_payout | 2017-02-20 02:57:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 15.176 SBD |
curator_payout_value | 3.028 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 5,407 |
author_reputation | 24,609,971,519,844 |
root_title | "Building Assets & Wealth Post Brexit Part 1: Housing" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
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anonymous | 0 | 391,308,147,999 | 100% | ||
berniesanders | 0 | 7,650,450,837,842 | 50% | ||
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mini | 0 | 2,044,372,691 | 100% | ||
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lovejoy | 0 | 65,898,348,878 | 100% | ||
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au1nethyb1 | 0 | 1,146,626,210,526 | 50% | ||
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boatymcboatface | 0 | 160,706,045,386 | 100% | ||
pairmike | 0 | 57,193,559,992 | 100% | ||
pheonike | 0 | 4,125,811,542 | 0.8% | ||
idol | 0 | 247,964,200 | 1% | ||
healthcare | 0 | 764,851,065 | 100% | ||
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helen.tan | 0 | 351,069,480 | 100% | ||
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murh | 0 | 1,173,630,185 | 13% | ||
blakemiles84 | 0 | 182,854,974,071 | 100% | ||
theshell | 0 | 21,606,372,037 | 100% | ||
coinbitgold | 0 | 100,886,104,080 | 100% | ||
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tyler-fletcher | 0 | 4,477,511,789 | 60% | ||
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clement | 0 | 10,391,015,879 | 60% | ||
skapaneas | 0 | 13,848,462,209 | 100% | ||
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thebatchman | 0 | 1,117,784,853 | 3% | ||
asmolokalo | 0 | 21,200,643,822 | 99% | ||
lehard | 0 | 21,180,795,379 | 60% | ||
firepower | 0 | 112,232,010,970 | 90% | ||
picokernel | 0 | 3,947,004,042 | 1% | ||
on0tole | 0 | 11,482,022,573 | 60% | ||
anasya | 0 | 24,363,813,217 | 60% | ||
vl248 | 0 | 10,787,593,462 | 60% | ||
steem1653 | 0 | 1,240,423,674 | 24% | ||
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marinabogumil | 0 | 6,611,465,365 | 60% | ||
anmuravjev | 0 | 2,674,974,648 | 60% | ||
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kell234 | 0 | 2,160,036,000 | 60% | ||
thebatchman1 | 0 | 69,191,501 | 3% | ||
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cryptojoy.com | 0 | 1,897,678,470 | 100% | ||
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jedau | 0 | 2,639,423,043 | 60% | ||
mondeja | 0 | 3,169,783,160 | 60% | ||
crypto.owl | 0 | 8,059,563,710 | 60% | ||
michaeldodridge | 0 | 251,679,258,257 | 100% | ||
bkkshadow | 0 | 13,390,112,933 | 100% | ||
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dmilash | 0 | 17,154,781,710 | 60% | ||
gomeravibz | 0 | 29,075,271,900 | 60% | ||
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nekromarinist | 0 | 25,091,978,773 | 60% | ||
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ozchartart | 0 | 637,580,514,287 | 100% | ||
croatia | 0 | 5,231,452,462 | 100% | ||
always1success | 0 | 6,646,655,166 | 60% | ||
brendio | 0 | 49,886,814,540 | 80% | ||
asdes | 0 | 4,914,294,499 | 60% | ||
mama-steem | 0 | 1,687,712,672 | 60% | ||
uuuhha | 0 | 13,861,557,776 | 60% | ||
romancs | 0 | 3,135,224,292 | 60% | ||
bigsambucca | 0 | 834,187,502 | 100% | ||
steemradio | 0 | 780,137,214 | 100% | ||
randyclemens | 0 | 11,002,699,996 | 60% | ||
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villainblack | 0 | 6,056,601,562 | 60% | ||
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numberone | 0 | 6,288,036,121 | 60% | ||
imarealboy777 | 0 | 238,202,131 | 10% | ||
virtualgrowth | 0 | 597,141,718 | 2% | ||
jayfox | 0 | 1,156,640,716 | 100% | ||
anotherjoe | 0 | 165,129,742,427 | 100% | ||
naquoya | 0 | 86,297,690,041 | 100% | ||
imag1ne | 0 | 2,238,946,778 | 60% | ||
leno4ek | 0 | 968,670,810 | 60% | ||
escapeamericanow | 0 | 3,556,441,162 | 100% | ||
nulliusinverba | 0 | 5,730,610,831 | 100% | ||
shenanigator | 0 | 279,723,020,498 | 100% | ||
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carrinm | 0 | 158,055,931,464 | 100% | ||
nadin3 | 0 | 6,513,933,953 | 60% | ||
xanoxt | 0 | 24,590,106,926 | 60% | ||
victoriart | 0 | 10,359,257,618 | 60% | ||
maryfromsochi | 0 | 2,465,226,686 | 60% | ||
tatianka | 0 | 2,359,492,394 | 60% | ||
thecyclist | 0 | 1,007,519,482,528 | 50% | ||
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elena-singer | 0 | 6,834,316,963 | 60% | ||
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tracemayer | 0 | 30,578,122,182 | 100% | ||
burnin | 0 | 6,214,138,789 | 60% | ||
anton333 | 0 | 6,234,656,717 | 60% | ||
ballinconscious | 0 | 9,691,996,313 | 100% | ||
steemsquad | 0 | 1,589,384,401 | 60% | ||
ekaterinka | 0 | 2,170,415,600 | 60% | ||
develcuy | 0 | 3,656,931,009 | 60% | ||
borishaifa | 0 | 7,414,800,300 | 60% | ||
mapalatv | 0 | 1,793,778,616 | 60% | ||
meerkat | 0 | 6,460,913,414 | 21% | ||
thegame | 0 | 103,725,813 | 2% | ||
fortinbuff | 0 | 11,424,925,997 | 100% | ||
steembets | 0 | 105,342,390 | 2% | ||
crimson | 0 | 422,387,243 | 50% | ||
curie | 0 | 373,353,593,604 | 60% | ||
htyfn | 0 | 2,479,899,970 | 60% | ||
rusteemitblog | 0 | 5,669,395,757 | 60% | ||
therajmahal | 0 | 1,783,268,996 | 60% | ||
hendrikdegrote | 0 | 4,427,106,469,474 | 50% | ||
marel | 0 | 1,469,853,040 | 60% | ||
steemlift | 0 | 3,147,283,206 | 60% | ||
galveston | 0 | 2,583,763,905 | 50% | ||
oshima | 0 | 338,823,436 | 50% | ||
ianboil | 0 | 3,833,096,824 | 100% | ||
zatrhas | 0 | 1,606,138,248 | 30% | ||
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garvofe | 0 | 2,810,184,062 | 60% | ||
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xer | 0 | 17,603,529,997 | 100% | ||
alanfreestone | 0 | 16,414,738,476 | 100% | ||
jfesrom | 0 | 4,222,201,126 | 100% | ||
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reisman | 0 | 2,646,321,300 | 100% | ||
engagement | 0 | 1,860,781,212,991 | 50% | ||
ourlifestory | 0 | 9,108,713,403 | 60% | ||
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