DH currently self-employed (recruitment) and business is slow. he's been buying and selling car parts on eBay as a side-line for a few months now and has been doing well - he's good at the wheeling and dealing and has found a definite niche.
He now wants to do this full time and has found a franchise opportunity. The thing is, it would require putting £75k against our house - we wouldn't have to actually find the money, but if the business failed, we would have to pay up.
Finding £75k would mean us having to sell the house and downsize considerably(we have 2 kids and are bursting to the seams already) so this kind of risk is not to be underestimated.
So.. he wants to do this... I don't want him to do this - the very thought of it brings me out in a cold sweat. I'd rather he continued with his current job and try and ride out the recession. We're at a deadlock. What do we do?
Please or to access all these features
Please
or
to access all these features
AIBU?
to not want DH to put our house up for collateral to fund new business venture?
28 replies
Nanga · 06/08/2009 15:04
OP posts:
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