FAO BTL owners Jenrick has just sold you down the river

[Paralytic]

This is mostly the fault of progressive taxation. The more you try, the more the greedy taxman wants to take off you.
Most of the housing issues are artificial - system is designed so that if you are born poor, you will stay poor all in the name of social justice.
If you want to put extra work to save for the deposit, you'll feel like pissing in the wind as beyond a certain point it makes no sense to do any more work.
Other way is to cut all spending to a bare minimum - rent a room in some rough area, only buy loss leaders e.g. baked beans or use food banks and after few years of sacrifice you can make it.
So you cannot save money by doing more work, but by spending less. That's quite self defeating system.

You also cannot just buy land and build a house. That is reserved for the big boys who can buy any MP and they can sell you the house at a great mark up.

If only we had a functioning anti-corruption body that could look into this dodgy state of affairs.

You really need to stop playing the victim and take responsibility for whatever situation you find yourself in that makes you blame everyone else.

[minestrone]

You dont need money to get into the property game, you can get a 100% bridging loan to buy from auction, borrow to get the renovations, then as long as you dont screw it up have the uplift after a few months with no investment needed.

[GigiBronz]

You dont need money to get into the property game, you can get a 100% bridging loan to buy from auction, borrow to get the renovations, then as long as you dont screw it up have the uplift after a few months with no investment needed.

random thought of the day?

not free money when prop market can get belly un in 6months, just bailing out the current crowd

[GhostofTarbera]

You dont need money to get into the property game, you can get a 100% bridging loan to buy from auction, borrow to get the renovations, then as long as you dont screw it up have the uplift after a few months with no investment needed.

Getting harder to borrow


Why COVID-19's legacy will impact mortgage lending long-term


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[TheGreenBastard]

random thought of the day?

not free money when prop market can get belly un in 6months, just bailing out the current crowd

Nice example that landlords are providing a service and taking on the risk

[GigiBronz]

Nice example that landlords are providing a service and taking on the risk

some of the people in the close group are immigrants and have been struggling to get on the housing ladder. As everyone has. As of recently they've managed to buy a property.Quite a few of them.
Hope that the system if not offloading on the poor sods...

[elsergiovolador]

random thought of the day?

not free money when prop market can get belly un in 6months, just bailing out the current crowd

Properties are also being used by various shady people as stores of cash. They don't care whether they can find tenants and some prefer that their properties never get any.

Prices will be still going up.

[elsergiovolador]

You really need to stop playing the victim and take responsibility for whatever situation you find yourself in that makes you blame everyone else.

I am fine my friend, but I believe people should have equal chances at making their lives better.

[TheGreenBastard]

some of the people in the close group are immigrants and have been struggling to get on the housing ladder. As everyone has. As of recently they've managed to buy a property.Quite a few of them.
Hope that the system if not offloading on the poor sods...

So you want status quo?

[Scruff]

So you want status quo?

Rockin' All Over The World!