Buy-to-let DOOM: investors 'to sell 500,000 properties' as confidence plummets
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  1. #11

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    Quote Originally Posted by tomtomagain View Post
    So who's going to buy them?


    I will. Offshored all my BTLS in Bermuda, paid for out of my Irish Holding Company, then sold back to UK government as part of a carousel fraud.


    Bought 10 last week and HMRC sent me a cheque for $2m.

    Sweet.


    Glad I'm not a contractor, then they'd be bending me right over.
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  2. #12

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    Quote Originally Posted by Danglekt View Post
    we are buying the house we currently rent, as the landlord wants rid before April. To be fair he has been nagging us about it since we moved in 5 years ago but we dcouldnt at the time
    So you waited until the price doubled and are buying now. I see what you did there...
    Last edited by ChimpMaster; 4th February 2016 at 11:38.

  3. #13

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    Quote Originally Posted by MarillionFan View Post
    I will. Offshored all my BTLS in Bermuda, paid for out of my Irish Holding Company, then sold back to UK government as part of a carousel fraud.


    Bought 10 last week and HMRC sent me a cheque for $2m.

    Sweet.


    Glad I'm not a contractor, then they'd be bending me right over.
    Ok, time to change the bedsheets then.

  4. #14
    AtW
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    Quote Originally Posted by ChimpMaster View Post
    So you waited until the price doubled and are buying now. I see what you did there...
    Price of my flat gone up from £210k to £260k in 4 years, still very high growth...

  5. #15

    Richer than sasguru

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    Quote Originally Posted by AtW View Post
    Price of my flat gone up from £210k to £260k in 4 years, still very high growth...
    Yeah but with Camoron and Gidiot in charge, it will go up another £50K, so you can't lose! Everyone is buying. Buy! Buy! Buy!

    Honest.
    If you look really hard, really really hard, you will find Doom™ everywhere.

  6. #16
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    Quote Originally Posted by DimPrawn View Post
    Yeah but with Camoron and Gidiot in charge, it will go up another £50K, so you can't lose! Everyone is buying. Buy! Buy! Buy!
    Nah, not sure - Gitiot might just crash the market, but I need to live somewhere nice anyway, don't care even if it drops by 20%.

  7. #17

    More time posting than coding

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    Quote Originally Posted by ChimpMaster View Post
    So you waited until the price doubled and are buying now. I see what you did there...
    Oh it gets worse, we bought in a rough area about 6 weeks before the bubble popped in 2008, then couldn't sell it, left it empty while renting so we could get the kids in a good school, killed ourselves on a mortgage plus rent, then finally sold the house, massive lump of negative equity, worked for years to clear it, then more years to get deposit.

    We have genuinely caught the dirty end of the dirtiest of sticks.

  8. #18

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    Meanwhile there is this little fixer-upper going for £280,000 in the Dordogne. Equidistant from Bordeaux & Toulouse airports.

    Un village entier à vendre pour 369 000 euros

  9. #19

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    Just read the headline on the BBC.

    House price growth rises to 9.7%, says Halifax
    If anything else goes up in price it's called "inflation".

  10. #20
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    Quote Originally Posted by Danglekt View Post
    Oh it gets worse, we bought in a rough area about 6 weeks before the bubble popped in 2008, then couldn't sell it, left it empty while renting so we could get the kids in a good school, killed ourselves on a mortgage plus rent, then finally sold the house, massive lump of negative equity, worked for years to clear it, then more years to get deposit.

    We have genuinely caught the dirty end of the dirtiest of sticks.


    At least you can always count on compassion from your virtual CUK friends!

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