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Boomed! Property boom back on!
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In London the auction rooms are buzzing the last few months. I have been attending over the last 8 months and witnessed this. Cash rich investors are snapping up property at cheap money and taking advantage of high rental yields (upto and over 10%). These are long term investments and a lot safer than any bank at the moment. The property may or may not fall in value further, but in 5 or 10 yrs, they are guaranteed to be in the black.
Boomed!!!!Comment
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Let's get this right..
The Banks are going bust or are in dire straights because they lent unsustainable amounts of debt to bad risks who invested in a housing bubble both here and in the US (mainly US)
The markets are falling because of that debacle
Joe pulblic is now looking to re-invest in that (still) over inflatated property bubble
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by Mailman_1 View PostIn London the auction rooms are buzzing the last few months. I have been attending over the last 8 months and witnessed this. Cash rich investors are snapping up property at cheap money and taking advantage of high rental yields (upto and over 10%). These are long term investments and a lot safer than any bank at the moment. The property may or may not fall in value further, but in 5 or 10 yrs, they are guaranteed to be in the black.
Boomed!!!!
Hehe.... I suggested this may happen on another thread today. That was very quick confirmation that I am correct and Sascretin is wriong...... SMUGComment
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May sound cruel but I will be looking out for a nice little repossession – as these are on the increase – rent this out. Looking at the lower end of the market as there seems to be a lack of homes in the £500 - £600pm bracket.
Not looking for a quick buck – more long term pension investment
As previously said – avoid city centre flats – these were grossly overvalued anwayJust call me Matron - Too many handbagsComment
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Originally posted by Cyberman View PostHehe.... I suggested this may happen on another thread today. That was very quick confirmation that I am correct and Sascretin is wriong...... SMUGComment
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Originally posted by Bagpuss View PostLet's get this right..
The Banks are going bust or are in dire straights because they lent unsustainable amounts of debt to bad risks who invested in a housing bubble both here and in the US (mainly US)
The markets are falling because of that debacle
Joe pulblic is now looking to re-invest in that (still) over inflatated property bubble
Comment
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