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Buy to let fever?
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The shock will likely be external... we already have signs of it brewing i.e. the rush to gold !
A dollar collapse under the weight of twin deficits, the US housign marker following suit, and echoing like an earth quake aroudn the globe, as do stock market crashes.0 -
yeah, I read the same in a fortune cookie0
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BobProperty wrote:Do tell wibble, as I think it isn't that fantastic either. I haven't calculated it properly but estimate about 6%.
My excel sheet tells me it's 6.4%.
Many people quote a long run average of about 7-8%.
Being as inflation is historically low I'm unsure why people think the next 10 years or so is going to be a good time to be in property.
I'm sure wiser investors will make money but I'm convinced a lot of the amateurs who are buying at the moment could get burnt.0 -
wibble68 wrote:I'm sure wiser investors will make money but I'm convinced a lot of the amateurs who are buying at the moment could get burnt.
Yes quite right - I think the likes of "sh1tscraper" are likely to get burnt!0 -
Hi fellas, What do you all do for a living?0
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poopscoop wrote:Hi fellas, What do you all do for a living?
SAVING MONEY!!!Debt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!
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poopscoop wrote:lol, you sound like a right scrooge saying that. :rotfl: Yes, we all like to minimise our outgoings. But you must do something to get the cash in in the first place. :money:
:rotfl:
Earning the money is easy, keeping hold of it is the difficult part....if we spend most of our time on here we are less likely to have time to spend!!! :jDebt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!0 -
6.24% actually... (11.25 times increase in 40 years)0
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