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.
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Previously on "TV show tonight (8.00pm) for all you renters / non landlords"
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Originally posted by lwsI thought the two teachers only started buying in 2002?
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Originally posted by lwsI thought the two teachers only started buying in 2002?
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Originally posted by threadedYeah, 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!.
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Originally posted by lwsHeh, "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?
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Originally posted by _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!!!
Oh, and isn't the Eurostar station in Ashford closing?
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Originally posted by _V_Or the school teacher who now owns 700 BTL houses worth over £160,000,000
our houses would be worth millions
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Originally posted by _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!!!
Just wasnt very interesting
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Originally posted by _V_Or the school teacher who now owns 700 BTL houses worth over £160,000,000
Leave a comment:
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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!!!
Leave a comment:
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TV show tonight (8.00pm) for all you renters / non landlords
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