Tax free money

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FatLazyContractor replied

27 February 2016, 20:08
Originally posted by AtW View Post

But you can remortgage!

Infinite supply of tax free money with current cost of 1% per year or so - Cost of most popular mortgage deals to fall below 1pc

What's not to like???

AtW in "MF" mode

FTFY

Come back to reality Sergei.
Leave a comment:
AtW replied

27 February 2016, 20:07
Originally posted by PerfectStorm View Post

Because you have to keep selling to realise the value, which takes time.

But you can remortgage!

Infinite supply of tax free money with current cost of 1% per year or so - Cost of most popular mortgage deals to fall below 1pc

Govt will always bail the banksters and households deep in debt at the expense of savers - you can't lose!

What's not to like???

AtW in "DimPrawn" mode
Leave a comment:
PerfectStorm replied

27 February 2016, 19:09
Because you have to keep selling to realise the value, which takes time. Pricess occasionally stagnate or take small dips, which doesn't make you anything. Stamp duty, mortgage, fees and the rest mean you don't make anything in a year anyway. In short, you haven't done your sums.
Leave a comment:
AtW replied

27 February 2016, 19:05
Originally posted by WordIsBond View Post

AND have more time to post on CUK.

Only if you have Internet in your new house...

Broadband connection will cost £20,000, owners of new homes are told
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WordIsBond replied

27 February 2016, 18:57
Originally posted by AtW View Post

Why work and pay punitive rates of tax when one could just borrow money for apparently like 1% rates and get tax free equivalent of £100k a year job???

AND have more time to post on CUK.
Leave a comment:
AtW started a topic Tax free money

27 February 2016, 18:35
Tax free money

House prices recorded their biggest monthly jump since 2002 in January, with a 2.5pc increase, Land Registry figures show.

The £4,732 cash increase in the average property value compared with December pushed the average house price across England and Wales to £191,812.

The 2.5pc upswing is the biggest monthly percentage increase recorded by the Land Registry since June 2002.

On a regional basis, Wales saw the biggest monthly increase in property values in January, with a 3.7pc increase taking the average house price there to £125,665."

Source: House prices make biggest leap in 14 years, says Land Registry

Why work and pay punitive rates of tax when one could just borrow money for apparently like 1% rates and get tax free equivalent of £100k a year job???
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