Originally posted by OwlHoot
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What do you think? Borrow more debt or not?
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Originally posted by seanraaron View PostBetter than a crap shoot of skinflints trying to play junior real estate tycoon.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by ChimpMaster View PostSo she's made £2m but according to Sean she's part of the "crap shoot of skinflints trying to play junior real estate tycoon. "Comment
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Originally posted by seanraaron View PostThat all depends on whether she actually improved the properties and rented them out at a reasonable rate or just sat on them and waited for market recovery to turn them around...Comment
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Originally posted by MarillionFan View PostIf it's good enough for our Government, then it's good enough for the people. Live for today, not for tomorrow is my motto.
I suppose that was good for the Govt...Comment
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Originally posted by seanraaron View PostThat all depends on whether she actually improved the properties and rented them out at a reasonable rate or just sat on them and waited for market recovery to turn them around...
Or let me guess: you didn't buy shares, you didn't buy property, you didn't buy gold, you didn't buy anything. You just left your money in the bank and possibly in low-yielding ISAs, expecting it to add up to a sizeable 'investment' in the future. Life doesn't work like that - I should know, I missed out on a lot in the past, then I lost hundreds of thousands after that, and now I'm OK.
Put some effort in.Comment
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Originally posted by DimPrawn View PostMy ex sister-in-law has about £2m in BTL debt, but the property "portfolio" has nearly doubled in value so she's not done too bad by borrowing the QE money overall.
Cheap money means easy riches.Comment
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Originally posted by ChimpMaster View PostTrue also if deflation hits, which is the more likely scenario in the near term.Comment
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Originally posted by DimPrawn View PostRenovated the older ones, rented them all to cover mortgage interest payments.Comment
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Originally posted by AtW View PostYou should have married her then to get half of her riches...Comment
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