Property Snake

[wendigo100]

Good return

If they get anything like 365K

[Troll]

Time to buy to let. You can cover 75% of the mortgage costs, don't worry if interest rates rise further, you can put the payments shortfall on a credit card. Don't worry about the glut of rental properties and falling real term rents. It will all be made up in the equity rises which will go on forever.

Meanwhile people live in these over priced houses at subsidised rents, you couldn't make it up!

Yeah!!!

Worried about minimal returns from your btl... answer: pack 'em in!

So many migrant workers are entering Britain that they are being housed in garden sheds.

Brick-built sheds have begun springing up in areas such as Slough, Berks, which attract high numbers of immigrants, predominantly Polish, because of the availability of jobs.
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Council inspectors found that an "alarming number" of sheds began to be erected in the back gardens of landlords who were already renting the properties to immigrants.

With no running water, lavatory or cooking facilities they represent the most basic accommodation, yet such is the shortage of housing and willingness of workers to save every penny they earn that up to eight people are living in a shed at a time.

Andrew Blake-Herbert, director of finance and property at Slough Borough Council, said: "It's pretty desperate stuff but people choose to live like this.

"The only thing we can do is close them down but we have found some unscrupulous landlords simply wait for a bit then open them up again.

"There are no facilities at all. It's the cheapest accommodation they can find."

About 50 sheds have been found in Slough, either existing ones that have been adapted or purpose-built ones. It is a problem thought to be replicated around the London area where there is a high density of immigrants matched with a shortage of cheap and available housing

http://www.telegraph.co.uk/news/main...2/nsheds02.xml

[threaded]

Shed? Luxury! In Doncaster there's at least one landlord with tents in the garden. Has friends in the council so doesn't worry about bothersome stuff like fire-precautions in the houses, like what they make me do, so they're almost certainly safer out there.