Reply to: Social Care tax

[AtW]

I personally know a youngish couple that inherited a house from boomer parents, so what did they do? Did they move in and live for free?

No, they wanted two new "his and her Audis", some holidays in Australia and Disneyland, a 90 inch HDTV to show off to their friends, new iPhones and iPads, etc.

So they sold it under market value to a "We Buy any House" company and now rent it back from them, effectively being rent slaves forever.

The @rsebook generation.

Mugs.

The TV should have been UHD OLED.

[PurpleGorilla]

Social Care tax

I personally know a youngish couple that inherited a house from boomer parents, so what did they do? Did they move in and live for free?

No, they wanted two new "his and her Audis", some holidays in Australia and Disneyland, a 90 inch HDTV to show off to their friends, new iPhones and iPads, etc.

So they sold it under market value to a "We Buy any House" company and now rent it back from them, effectively being rent slaves forever.

The @rsebook generation.

Another pearl of wisdom from Mr Plutocrat.

Still waiting to learn the price of Chateaux Boomer...

[DimPrawn]

Obviously I get your point regarding the housing market being the country's unhealthy national obsession, but I'm just pointing to the fact that students are awash with funds if they want them, that they can translate into something better than a night at the pub.

I personally know a youngish couple that inherited a house from boomer parents, so what did they do? Did they move in and live for free?

No, they wanted two new "his and her Audis", some holidays in Australia and Disneyland, a 90 inch HDTV to show off to their friends, new iPhones and iPads, etc.

So they sold it under market value to a "We Buy any House" company and now rent it back from them, effectively being rent slaves forever.

The @rsebook generation.

[Zero Liability]

Obviously I get your point regarding the housing market being the country's unhealthy national obsession, but I'm just pointing to the fact that students are awash with funds if they want them, that they can translate into something better than a night at the pub.

[AtW]

I think this person is just particularly bright and financially astute.

"He bought a repossessed three-bed terraced house on his street for £62,500"

It's a tuliphole end of the market. Might be enough for his aspirations, I am not a Cambridge graduate, so who am I to judge?

[Zero Liability]

It's like monopoly innit? Free money given by banks, no questions asked if you use them to buy real estate.

Money money money!

Students of any shade are some of the biggest recipients of it. I think this person is just particularly bright and financially astute. Most piss it away on boozing, whether or not they had a helping dad from mummy and daddy.

[AtW]

Cambridge graduate...

Sign of times.

In the glorious past of the Empire such graduates would push world science forward, invent new great things... why bother when you can just buy whole street as B2L?

[PurpleGorilla]

Something for you to aspire to when you grow up.

'I own most of my street’ – buy-to-let investor, 26 - Telegraph

"He spent around £8,000 completely refurbishing the property, most of which came from a small inheritance."

Never had inheritance. What's that then?

Cambridge graduate...

Thanks for that Daddy Plutocrat [emoji102]

[AtW]

Something for you to aspire to when you grow up.

'I own most of my street’ – buy-to-let investor, 26 - Telegraph

It's like monopoly innit? Free money given by banks, no questions asked if you use them to buy real estate.

Money money money!

[DimPrawn]

There is a difference between cheap and value.

Ferrari 360 Spider Replica For Sale (2000) on Car And Classic UK [C569154]

Something for you to aspire to when you grow up.

'I own most of my street’ – buy-to-let investor, 26 - Telegraph

[PurpleGorilla]

Monthly mortgage payments are rock bottom. It's never been cheaper to buy property as percentage of income. ZIRP means free money for everyone.

There is a difference between cheap and value.

http://m.carandclassic.co.uk/car/C569154

[DimPrawn]

That's true for BTL landlords. I was talking about high housing costs for the general populous.

Monthly mortgage payments are rock bottom. It's never been cheaper to buy property as percentage of income. ZIRP means free money for everyone.

[PurpleGorilla]

I'm not. Rental yields are pretty paltry compared to other investments a landlord can pour into. What makes them attractive is how much leverage you can acquire, particularly in an environment of appreciating house prices, which is driven by the factors I mentioned, plus increasing demand for housing.

That's true for BTL landlords. I was talking about high housing costs for the general populous.

[DimPrawn]

Property Magic 5th Edition - How to Buy Property Using Other People's Time, Money and Experience: Amazon.co.uk: Simon Zutshi: 9781784520731: Books

You can help motivated sellers by buying their homes on the cheap and renting them to generation Facebook at huge profit.

Highly recommend it.

[Danglekt]

The "boomers" already pay more, and they whinge a lot less. After working for most of their lives they have amassed some wealth. That is how it is meant to work.
You facebook generationers need to get some time in the workplace and stop your endless envious bleating. Nobody gives a sh*t!

Yeah...OK...



As has been said - on a plate.