The Wilsons - 875 buy to let property empire

ingram62

I dont get what your problem is, these people have a succesfull property business, like many other people do, and provide rental accomodation for those that need it.

Muppit_2

well, they didnt really provide new properties, they just bought existing properties and rented them out to those people who they had priced out of the market after a few years of gains. Any fool could have gotten a mortgage over the last 5-10 years. All you needed was a job and in some cases a deposit (but not always needed) and you could buy a property. In fact, in some cases you didnt even need a proper job, if you bought enough houses with other peoples money you didnt have to work at all - like these two.

fatpig_2

ingram62 wrote: »

I dont get what your problem is, these people have a succesfull property business, like many other people do, and provide rental accomodation for those that need it.

They're 2 chancers gambling with other people's money. And if as seems likely, the gamble doesn't pay off, we'll all pick up the bill for it

Turnbull2000

fatpig wrote: »

They're 2 chancers gambling with other people's money. And if as seems likely, the gamble doesn't pay off, we'll all pick up the bill for it

They're also running a cartel at the expense of those who want a secure home, featured on Watchdog for ignoring their repair obligations as landlords and evict tenants who complain. They're scum.

MissMoneypenny

The watchdog report
http://64.233.183.104/search?q=cache:EptUH1DmX78J:www.bbc.co.uk/consumer/tv_and_radio/watchdog/reports/homes/homes_20070418.shtml+watchdog+wilson*+landlord*&hl=en&ct=clnk&cd=1&gl=uk&client=firefox-a

jamescredmond

Turnbull2000 wrote: »

They're also running a cartel at the expense of those who want a secure home, featured on Watchdog for ignoring their repair obligations as landlords and evict tenants who complain. They're scum.

it's not (usually) within my nature to harbour black thoughts about 'successful people', but in this case I'm really willing this couple to fail.

if lonrho was the 'unacceptable face of capitalism' in the 70's, so this despicable couple embody it in the noughties - the manifestation of modern day rachmanism.

but I'm realistic enough to know that they'll walk away from their ruined empire with enough wealth to ensure a comfortable retirement, regardless of what happens next.

no poetic justice here, more the pity.

RecoveringAlcoholic

they'll walk away from their ruined empire with enough wealth to ensure a comfortable retirement,

Just like the Fat Cat Bankers who got us into this mess.

MissMoneypenny

jamescredmond wrote: »

but I'm realistic enough to know that they'll walk away from their ruined empire with enough wealth to ensure a comfortable retirement, regardless of what happens next.

no poetic justice here, more the pity.

Will it be hard for people to settle for a comfortable existence after being on the rich list?

fc123

From what I have read, I'm guessing that the racehorses may lose them more ££££ than the BTLs.

jamescredmond

MissMoneypenny wrote: »

Will it be hard for people to settle for a comfortable existence after being on the rich list?

when you're down to your last 10 million it's tough, I can tell you........