Originally posted by neilawuk
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tim
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No it doesn't. Voids cost you money off the total potential yield - end of.
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No it won't.Originally posted by neilawuk View Post
It was "worth 215k" last month, but because of market conditions you bought if for 185k.
If those same market conditions prevail in a year's time you will not be getting a buyer at 240!
timComment
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I've been keeping a close eye on auctions throught the UK, you can do this online now. Less properties are selling, one I looked at 2 days ago circa 70% of properties didn't sell, many were offloaded BTL and repos. A year ago hardly any properties at this auction were not selling.Originally posted by neilawuk View Posti still think if you went to auction and/or bought wisely you could make the BTL model work...lets see if we get this spectacular drop...
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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You can hardly call 'Homes Under the Hammer' research, now, can you?Originally posted by Bagpuss View Post
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Tim....once again (I feel like a broken record) IF
Tim, I didnt get it cos of market conditions, I got it cos I am an investor with no chain and its needs rennovating...my god how arrogant can you be to say you know why something happened without any knowledge of the paramteres in which something happened, its laughable....
So tell me do you think its worth less or more than I paid for it as you have obviously seen it and know it intimately from a valuation perspective?
its just ridiculous to say something doesnt work in case such and such might happen, Im bored now of saying the same thing, its all speculation on what might happen....
if you keep saying it enough times you will propogate it....
cya guys...
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I like homes under the hammer, but it was recorded last year, soon they will have to call it Nuts under the Hammer as it goes the way of Property LadderOriginally posted by Lucy View PostYou can hardly call 'Homes Under the Hammer' research, now, can you?The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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The UK's property auction market will remain strong, according to one expert.
The UK's property auction market will remain strong, according to one expert.
Despite the global credit crunch and a recent downturn in the number of properties being sold at auction, Savills is confident that the auction market will remain.
A recent report from the Essential Information Group showed that the number of properties sold in this way fell by 9.9 per cent annually in February.
However, Chris Coleman-Smith, auctioneer director at Savills, said that he believes there will always be a market for property auctions, particularly as the market can adjust so quickly.
"We've been through these [times before]. You go back to '89-'91 and think 'God, how the hell did we sell anything then?' But we did," he commented.
"Auctions are here and they always will be; good or bad times there's always a market there.
"I think auctioneers have to adjust quicker because if they don't adjust they're not going to sell the stuff," continued Mr Coleman-Smith.Comment
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Reading the BBC for a 'balanced view' - now that's a novel way of thinking.Originally posted by neilawuk View Post
You've come right out the other side of the forest of irony and ended up in the desert of wrong.
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only on the basis they have a few comments from economists, its not their viewComment
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