TV show tonight (8.00pm) for all you renters / non landlords

[Captain Dispensable]

A friend bought a newbuild less than 2 years ago and is looking to sell it to downsize, hoping to make about 70 grand clear profit after mortgage paid off and bought a newish smaller house the other side of town that's much cheaper, possibly due to overhead power lines and the largely unknown/proven health implications. Someone else recently sold a same design house on same site as his so he knows what some mug is willing to pay.

Was thinking about how I'd had to work my balls off for 2 years to save similar pots of dosh and along he comes making some easy money.

If there is a proper crash or serious reduction in house prices I'm going to be sat waiting to cash in next time. Hindsight and all that.

[wendigo100]

I thought the two teachers only started buying in 2002?

2002 BC

[threaded]

I thought the two teachers only started buying in 2002?

Oh, I thought you were on about my mum.

[lws]

Yeah, but many of the houses were bought years ago for £100s, now they're worth £100,000s. Maybe paper, but it's still bigger piles of it!.

I thought the two teachers only started buying in 2002?

[threaded]

Heh, "owns". By their own admission their rental yields were low, and they are relying purely on capital gains. It's nothing but paper money.

Oh, and isn't the Eurostar station in Ashford closing?

Yeah, but many of the houses were bought years ago for £100s, now they're worth £100,000s. Maybe paper, but it's still bigger piles of it!.

[lws]

You might think it's tulip, but what about the asian family who bought 2 council flats for 50p each, had the council renovate them and then are sitting on £160,000?

Or the school teacher who now owns 700 BTL houses worth over £160,000,000


Better than contracting!!!

Heh, "owns". By their own admission their rental yields were low, and they are relying purely on capital gains. It's nothing but paper money.

Oh, and isn't the Eurostar station in Ashford closing?

[andy]

Or the school teacher who now owns 700 BTL houses worth over £160,000,000

If only we had hundreds of people like her
our houses would be worth millions

[Sockpuppet]

You might think it's tulip, but what about the asian family who bought 2 council flats for 50p each, had the council renovate them and then are sitting on £160,000?

Or the school teacher who now owns 700 BTL houses worth over £160,000,000


Better than contracting!!!

Yes but it was the dude that said "i was working in my office in monaco....when I got a call from"...

Just wasnt very interesting

[threaded]

Or the school teacher who now owns 700 BTL houses worth over £160,000,000

You know I don't like you to mention my mum on this forum.

[_V_]

You might think it's tulip, but what about the asian family who bought 2 council flats for 50p each, had the council renovate them and then are sitting on £160,000?

Or the school teacher who now owns 700 BTL houses worth over £160,000,000


Better than contracting!!!

[Sockpuppet]

Been watching this...its tulip.

[_V_]

http://www.radiotimes.com/ListingsSe...ails_popup.jsp