Reply to: House hunting

[AtW]

Clearly the latter may get filthy rich, but what are the odds?

It mostly depends on the individual in question - for you, I agree, those chances are very likely and your best possible route to still post tulip on CUK whilst retired is to engage in some low scale, primitive, real estate spekulation

Whereas the former is definitely going to end his days prosperous and wealthy without doing too much/or any work

That if you don't default on payments and lose it all. And that Govt won't tax you more - the asset is not liquid, it's not cash and can't be moved easily. Some other area in town can become more trendy in 15-20 years and it would affect your only asset - I say that because you clearly don't have brains and even if you have n*rk$ they are not the right kind...

HTH

[TimberWolf]

Wow, a real fireplace.

[PRC1964]

I sneakily added the new one just before you replied.

[TimberWolf]

That's his old place.

[PRC1964]

Where are the pictures?

It looks too good to be in Birmingham.

[TimberWolf]

FOUND IT!!!!


Fantastic place - probably cost a million to buy, certainly feels this way

Where are the pictures?

[Moscow Mule]

He he he...

What is true intelligence?

Is it possessed by someone who buys a property and gets someone else to pay the mortgage, thus getting a nice nest egg after 25 years, and/or capital appreciation?

Or is it possessed by some guy who works like a donkey for donkeys years to set up a small business and pays for the other guy's property?

Clearly the latter may get filthy rich, but what are the odds?
Whereas the former is definitely going to end his days prosperous and wealthy without doing too much/or any work

25 years x (annual mortgage - rent) = nice little pension.

[AtW]

FOUND IT!!!!


Fantastic place - probably cost a million to buy, certainly feels this way

[sasguru]

He he he...

What is true intelligence?

Is it possessed by someone who buys a property and gets someone else to pay the mortgage, thus getting a nice nest egg after 25 years, and/or capital appreciation?

Or is it possessed by some guy who works like a donkey for donkeys years to set up a small business and pays for the other guy's property?

Clearly the latter may get filthy rich, but what are the odds?
Whereas the former is definitely going to end his days prosperous and wealthy without doing too much/or any work

[AtW]

1 ok-ish candidate (house near street I used to live - cost £600 back then, now something like this £950).

One more luxury apartment to go - I'd better be good

[Doggy Styles]

Alexei, have you still got your porno moustache?

[Lockhouse]

Exactly - Whatever they say, inflation is bound to shoot up in the next few years.

If you can possibly afford it, Alexie, I'd definitely buy now, and the inflation will erode your debt in no time.

(I know he won't listen )

Is it time to re-enter the BTL market if you are in it for the long haul and are looking for income generation from rent rather than capital appreciation? Been thinking about this for a while after selling my previous BTL and I think the ducks could be lining up quite nicely.

[Ignis Fatuus]

The awful rental market in the UK is the main reason why I bought a house. Not as an investment, not because it's the done thing to "own" one's house, but because the properties, contracts, and conditions of rentals fell short of the standard that I had been accustomed to in France, Germany, Switzerland and the Netherlands.

But in most countries a rental property is seen as primarily the tenant's home, with a reasonable return for the landlord. In the UK it is seen primarily as the landlord's property, hopefully to get-rich-quick.

Renting would suit me ATM (I have rented and bought on and off over my life, according to needs) but renting in the UK fall short of being acceptable.

[milanbenes]

Alexey,


'Today one of the agents took us into 13th floor building '


who in this case is, 'us' ?

Milan.

[AtW]

My current flat is managed by a property management company on behalf of a bank - best landlord I've had yet.

Aye - the best landlord I had was company, fixed all stuff very quickly - they approached it as a business so expected these things to happen, private individuals might not have such acumen...