Property Snakes and Ladders; 2009

lostinrates

Lotus-eater wrote: »

I think they said their outgoings to service the debt that they built up, was £1800 a month .... Maybe as Ali says they had variable rates and their costs went down with interest rates.
It does make you think how many people are in the same situation. And what happens to them when rates go up again.... and house prices don't.

Thats the really interesting stuff though, that gets left out. what did they put down, what is loan, what interest rates are the loan/s and what is the length of the term. what is there other outgoing income etc. I can see of course why people will not givethis information: but its the really interesting bit, isn't it.:o

Lotus-eater

lostinrates wrote: »

Thats the really interesting stuff though, that gets left out. what did they put down, what is loan, what interest rates are the loan/s and what is the length of the term. what is there other outgoing income etc. I can see of course why people will not givethis information: but its the really interesting bit, isn't it.:o

You mean you want to know just how deep in the brown stuff they are?


This is a program about doing up houses, not an extension of a house price crash forum. Or it's supposed to be a program about doing up houses, seems to be more like a documentary about people making all the wrong choices at the wrong time.

lostinrates

Lotus-eater wrote: »

You mean you want to know just how deep in the brown stuff they are?

.

Sometimes, but also to see how they made it work, what the nitygritty of the finances were. ''broke'' or ''no more money'' means different things to different people and when they say that I never really know what they mean, its so subjective.

Lotus-eater

lostinrates wrote: »

Sometimes, but also to see how they made it work, what the nitygritty of the finances were. ''broke'' or ''no more money'' means different things to different people and when they say that I never really know what they mean, its so subjective.

You won't be able to believe it anyway I'm afraid. I know a couple that was on one of these house shows. Reality doesn't often come into it

sham63

After selling the Newport development a 'profit' of £8k was made, surely this would nearly have all been eaten up with other costs such as furnishing the 2 flats, Solicitors, EAs and Capital Gains Tax?

Generali

sham63 wrote: »

After selling the Newport development a 'profit' of £8k was made, surely this would nearly have all been eaten up with other costs such as furnishing the 2 flats, Solicitors, EAs and Capital Gains Tax?

Not much CGT to be paid on an 8,000 profit!

GracieP

Snooze wrote: »

I agree. It's too much 'fluff' these days. They've done the same with Property Ladder like they've done with Ramsay's Kitchen Nightmares - cut them down from an hour long to 45 mins. On RKN they used to use the last quarter to revisit the place and see how they were getting on a few months later which was one of the best parts, but now they don't do that and the programme is complete pants. PL is having to chop out 15 mins of 'action' due to it now being 45 mins and hence why it's gone crap. They should just focus on one property at a time if they want to do 45 min progs.

It was always 45 minutes long, that's the standard running time of an "hour" long show on a channel with 4 ad breaks per hour. The main problem was when they switched to having 2 developments on each show. When it's just 1 development they really get into the nitty gritty of the development, with 2 it's just an introduction with their plans and Sarah's suggestions, small flashes of the work and then valuations and reactions.

When it was just 1 development I used to watch it with out any distraction, because there was a decent narrative structure that you could get involved with. With 2 it's just gloss and I find it harder to give it my attention and tend to watch it while I'm on my laptop. I don't know why they went to doing 2 lots on each show, if they'd stuck with just the one they would have twice as many, more intelligent, episodes.

GracieP

Just seen the other thread. I've changed the title so this can be the series thread.

lagi

I thought last nights programme was interesting.

The diyer from Wales did extremely well for a diyer, wish i had them skills. He can't work as he dedicated 6 months to the project. He must surely put himself forward as a full blown builder now......

The twins and the artist, done well to get the finances as one of them said in their line of business (music), jobs vary. It then went on to say they had secured a take that support act tour. I have no idea what this would have bought in but would have thought it quite substantial.

Both sets of properties were done really well. Agree the twins and the artists first builder was doing a great job for someone who looked quite young, understandably he was getting annoyed. I am sure he will get more work from just being seen on the show.

I am looking forward to the next episode.

John_Pierpoint

They ought to reshow the very first Beeny program, where a small old Victorian "housing association" type of flat was turned from a right to buy into a nice profit.
Inspite of putting in a daft copper kitchen.
Beeny was accused of turning it into the "sort of place you would come back to with a prostitute" - potentially a profitable BTL?
It would be really interesting to see how that "Tower Bridge" development has turned out.