Made 10% on my BTL in the last year ...

[scooterscot]

So since the value of the currency has gone down a good 10% over the past year also, you've only broken even

Gosh thank goodness I stuck with my euros.

[scooterscot]

I made £10 at a car boot recently.

What were the fees charged to host your motor at the car boot sale?

[hyperD]

I made £10 at a car boot recently.

Ha! Beat you Prawny! I made £70 on eBay by selling an old GFX card that I bought for £300.

Oh bugger...

[KentPhilip]

Has it though? The weekend FT reported that the rise in London house prices in the last year was not driven by mortgage credit, but because a full 1/3 of house purchases in the London area were cash purchases. An astonishing statistic. Although maybe not as I was one of those people.

Astonishing indeed.

But given that "the country" (read that to mean joe public) has a debt crisis, who has all this cash? And why would they only now be choosing to use it to buy property, given that QE has been running for 5 years plus?
No, the source of this cash is overseas investors such as refugees from the Eurozone (who don't trust their own governments not to steal their bank cash) and the Chinese/ far east.
Now the chinese are continuing to invest in London, but why should they continue to do so given plenty of their own domestic industry picking up and offering them investment opportunities.

[sasguru]

Now the chinese are continuing to invest in London, but why should they continue to do so given plenty of their own domestic industry picking up and offering them investment opportunities.

Maybe it's because their own domestic industry IS NOT picking up and offering them investment opportunities.

[Old Hack]

Sas in another oh look at me, I am so rich and clever, please, please like me post

[eek]

Sas in another oh look at me, I am so rich and clever, please, please like me post

You are missing this thread which would result in the title of this thread being Lost 30% on my BTL in the last year...

[Old Hack]

You are missing this thread which would result in the title of this thread being Lost 30% on my BTL in the last year...

He's a man of conflicting emotions I can see

[vetran]

You are missing this thread which would result in the title of this thread being Lost 30% on my BTL in the last year...

don't worry he is going to hoover up cheap properties shonky garage in Hounslow with the imaginary money he made in his BTL.

[Old Hack]

You are missing this thread which would result in the title of this thread being Lost 30% on my BTL in the last year...

Ah, he'd probably head that one off with another post about how he beat the market and made 40% on his investments last year, keeping him ahead of the game