Affordable housing

[Mich the Tester]

Excellent. Great money making project then.

Beware. I know a chap in NL who was nearly bankrupted when he followed his dream and bought a French chateau for next to nothing, that had been inhabited by drug addicts and squatters. He planned to rent out a few rooms as a posh B&B and otherwise sit around enjoying his wine. Sounds idyllic, but after spending about 400,000 euros on doing the place up and redecorating twice, the smell of piss just wouldn’t go away and the place became known at the local tourist information office as ‘Hotel le Pissoir’. He sold it on for 200,000 and returned to NL to become a permie with the government, desperately hoping to get a very modest pension at 65.

[DiscoStu]

Look what you can get for £595,000 now!

http://www.guardian.co.uk/money/gall...ture=340746946

Bit far from Swindon isn't it?

[minestrone]

In 2010 it'll be full of cobwebs, rising damp, used syringes, a stench of piss and on sale for about 50p.

That's canary wharf.

[sasguru]

In 2010 it'll be full of cobwebs, rising damp, used syringes, a stench of piss and on sale for about 50p.

Excellent. Great money making project then.

[Mich the Tester]

Its for a part of the property, obviously.
But in 2010 I would be able to buy the whole thing.

In 2010 it'll be full of cobwebs, rising damp, used syringes, a stench of piss and on sale for about 50p.

[sasguru]

What, kebab shops? Are you going to convert them to soup kitchens?

Good idea. Was only going to buy the flats above but prob will buy the shops as well

[Ravello]

"Although it is a maisonette it is spacious and high-ceilinged."

Ergo... You're buying a bit of that not the whole thing.

Unless of course it was a typo and they meant to say mansion-ette, perhaps a baby mansion?

[Mich the Tester]

I'll buy a few of those to rent out in 2010.

What, kebab shops? Are you going to convert them to soup kitchens?

[sasguru]

Is that for the whole house or just a flat?

Its for a part of the property, obviously.
But in 2010 I would be able to buy the whole thing.

[sasguru]

Better than a bedsit above a kebab shop, that's for sure.

I'll buy a few of those to rent out in 2010.

[Mich the Tester]

Is that for the whole house or just a flat?

[DimPrawn]

Better than a bedsit above a kebab shop, that's for sure.

[sasguru]

Great I like it. Seriously. And Harlow's only 30 mins from the City.
I'll buy it when it falls to £350K in late 2010.

[DimPrawn]

Look what you can get for £595,000 now!

http://www.guardian.co.uk/money/gall...ture=340746946