Property Snakes and Ladders; 2009

ninky_2

MyLastFiver wrote: »

Agree to an extent. Some people were foolish to speculate in a housing market that was plainly over-valued, but making an investment in the hope of a decent return is not greedy per se. As long as people accept that there's a chance they could lose their shirt, and don't complain when they do, they can do what they like with their money.

There's an awful lot of schadenfreude on this board towards property speculators, but is it not true that the housing bubble was driven by demand (inflated by cheap credit), and that property speculators were merely riding this wave? (to mix a metaphor!!).

There is, of course, the Marxist argument that, by treating their homes as capital, speculators are part of the bourgeoisie, but until private property is abolished altogether, buying a house and doing it up in the hope of making a profit hardly makes you George Soros.

they seemed to put in a lot of hard work and legwork too. it's not like those who just gamble on stocks and shares or just buy a house and hope it will go up in value. the show might only have been an hour long but these people were losing sleep and working really hard to pull their projects off. unfortunately it didn't work out for them.

and so what if the mum had had some plastic surgery or the daughter liked wearing a white jacket on site? they seemed to have a good, close relationship. it's pretty easy for beeney to swan in with her tips and voiceover jeopardy. they're hardly going to edit the show to make the expert look wrong, are they?

mewbie_2

I know someone who's been doing this for years and is now in the process of reaping rewards with a brand new Aygo.

MyLastFiver

ninky wrote: »

it's pretty easy for beeney to swan in with her tips

I mis-read this the first time

bo_drinker

Looks like reality has hit them where it will hurt....... In the wallet :rotfl:
:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

ninky_2

MyLastFiver wrote: »

I mis-read this the first time

did you misread the p as a t or the t as an n?

MyLastFiver

ninky wrote: »

did you misread the p as a t or the t as an n?

The first one, but either works for me :beer:

mewbie_2

I wish I had wide screen.

PasturesNew

Now poppy's in the deep doo doo .... *popcorn*

FoxtonsRIP

mewbie wrote: »

I know someone who's been doing this for years and is now in the process of reaping rewards with a brand new Aygo.

That's mighty impressive. I might be tempted to give this property flipping lark a go if the rewards are that good. :rotfl:

Doozergirl

ninky wrote: »

you make that sound like falling off a log but to turn that sort of profit does require some capabilities.

Capability would require being able to reproduce the result on at least one occasion!