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Previously on "FAO BTL owners Jenrick has just sold you down the river"
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Originally posted by minestrone View PostYou 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.
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Originally posted by GigiBronz View Postsome 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...
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Originally posted by Paralytic View PostYou really need to stop playing the victim and take responsibility for whatever situation you find yourself in that makes you blame everyone else.
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Originally posted by GigiBronz View Postrandom thought of the day?
not free money when prop market can get belly un in 6months, just bailing out the current crowd
Prices will be still going up.
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Originally posted by TheGreenBastard View PostNice example that landlords are providing a service and taking on the risk
Hope that the system if not offloading on the poor sods...
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Originally posted by GigiBronz View Postrandom thought of the day?
not free money when prop market can get belly un in 6months, just bailing out the current crowd
Leave a comment:
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Originally posted by minestrone View PostYou 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.
Why COVID-19's legacy will impact mortgage lending long-term
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Originally posted by minestrone View PostYou 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.
not free money when prop market can get belly un in 6months, just bailing out the current crowd
Leave a comment:
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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.
Leave a comment:
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Originally posted by elsergiovolador View PostThis 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.
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Originally posted by rogerfederer View PostDo you understand that using statistical facts - not biased formation of stats - shows that those 18 to 30 have had their earning capability vastly reduced due to the last financial crash? Did you know that in the last fifty five years they're financially worse off, relative to costs, that the older generations?
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.
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Originally posted by minestrone View PostWhere is the fecking corkscrew.
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