Quote:
Originally Posted by car10002
What is likely reason out of listed reasons as to why that person got his workshop quicker
And what do people experience to know it’s time to get their own place even if it’s part time to start with and what do people do to hang on till they can buy if they want own self contained space and proper storage and workshop
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If you are looking at opening a mechanical workshop then think long and hard.
There are fewer 'older' cars on the road these days needing mechanical attention. Most newer cars have longish warranty where owners are incentivised to get dealership servicing for their loan car, roadside assistance and coffee lounge.
The work is often dirty and when you have a problem that requires 'trial and error or investigation' you have to deal with customers that are not willing to pay for it.
Plus working for yourself alone is hard on the family / relationship situation.
While hospitality has its drawbacks it's a good industry to work in as there will ALWAYS be people that need stuff done for them.
You have flexibility, you can work in different industries and while it can be demanding and stressful it doesn't effect your body in the same way a mechanical workshop would.
Plus, you may meet a special someone along the way.
All this is needed to be taken into consideration rather than just $ income.
Right now the hospitality industry is SHOUTING OUT for staff.
Secure a FT job somewhere and you will be able to get a loan very fast to enter the real estate market.
You want your own space? Buy a basic 2br unit with a garage.
You got space to park a toy or store stuff securely, you got a room to yourself or your future mrs and you got a spare room for an office / guest room / whatever room.
Right now is your golden opportunity. Hospitality needing workers ASAP, dead low interest rates and a market that has seen little movement in prices of units or apartments.
So, what are you waiting for?