Generation spent

[Intel]

When did you buy?

First house in 2005, sold in 2010 and made a £16K loss on it due to the crash.
Second house in 2010, sold in 2015, came out evens in terms of money in and out but spent those 5 years working my ass off with 1 holiday and paid off the entire mortgage in the time I was there.
Third house in the process of buying now using the entire equity of the previous property as a 40% deposit.

 

[PurpleGorilla]

First house in 2005, sold in 2010 and made a £16K loss on it due to the crash.
Second house in 2010, sold in 2015, came out evens in terms of money in and out but spent those 5 years working my ass off with 1 holiday and paid off the entire mortgage in the time I was there.
Third house in the process of buying now using the entire equity of the previous property as a 40% deposit.

Any BOMAD?

 

[Intel]

Any BOMAD?

Nope. All my own cash. Saved from hard work.

 

[PurpleGorilla]

Nope. All my own cash. Saved from hard work.

Have a gold star, you have done well.

[emoji294]️

You are an exception.

I also bought in 2005, zero BOMAD.

 

[Intel]

I also bought in 2005

Glad to be joined in the "what do you mean I haven't made a sh*tload of cash out of my first house?" club....

I'm tempted with my house buying ability to write a book on how to make money out of houses, write down all my experience then on the last page write "and do the opposite of everything said previously"....

 

[PurpleGorilla]

Glad to be joined in the "what do you mean I haven't made a sh*tload of cash out of my first house?" club....

I'm tempted with my house buying ability to write a book on how to make money out of houses, write down all my experience then on the last page write "and do the opposite of everything said previously"....

You can't change how old you are. If you are over 40 most likely you would have caught the 20 year bull property market. It's not skill or financial savvy. Just luck.

 

[DimPrawn]

You can't change how old you are. If you are over 40 most likely you would have caught the 20 year bull property market. It's not skill or financial savvy. Just luck.

The Property Ladder generation. Buy any house, paint it with some magic Magnolia paint, and viola, you are a property developer, with exponential gains on each one. In a short space of time, you are a property millionaire, sheer incredible fantastic gifted property expert, you are an unstoppable money making bricks and mortar mega star.

 

[PurpleGorilla]

Generation spent

The Property Ladder generation. Buy any house, paint it with some magic Magnolia paint, and viola, you are a property developer, with exponential gains on each one. In a short space of time, you are a property millionaire, sheer incredible fantastic gifted property expert, you are an unstoppable money making bricks and mortar mega star.

That, my dear DP is

 

[BrilloPad]

You can't change how old you are. If you are over 40 most likely you would have caught the 20 year bull property market. It's not skill or financial savvy. Just luck.

The bull market has not even started yet. Buy buy buy. Sell your grandmother. Prices can only go up.

 

[barrydidit]

There is no VAT on it since the food is at or below ambient temperature...

There's VAT on the Fava beans and Chianti though. Even GAL's don't escape tax. It's only fair.