We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Fergus Wilson Youtube Interview - funny viewing
brit1234
Posts: 5,385 Forumite
Fergus Wilson Interview (Renegade Economist)
Hi, strange Fergus interview where he talks about property investment and house prices. He is selling his 900 properties in Kent.
:exclamatiIt may make you cringe and laugh. Feel free to put down wour favourite Quotes.:rotfl:
http://www.youtube.com/watch?v=x9lrqXLVw-E&feature=channel
Fergus Wilson & wife
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
Save our Savers
0
Comments
-
"Poor people live in flats"
:rotfl::rotfl::rotfl::rotfl:Mortgage free as of 10/02/2015. Every brick and blade of grass belongs to meeeee. :j0 -
The rich can afford to give offense wherever they go.
He has worked the system. There are probably many others like him.
btw. why is he selling? Is it a first step toward inheritance tax avoidance?0 -
The rich can afford to give offense wherever they go.
He has worked the system. There are probably many others like him.
btw. why is he selling? Is it a first step toward inheritance tax avoidance?
Probably to take his place as a Tory Property Lord with Kirsty in the House of Lords :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Fergus Wilson Interview (Renegade Economist)
Hi, strange Fergus interview where he talks about property investment and house prices. He is selling his 900 properties in Kent.
:exclamatiIt may make you cringe and laugh. Feel free to put down wour favourite Quotes.:rotfl:
http://www.youtube.com/watch?v=x9lrqXLVw-E&feature=channel
Fergus Wilson & wife
Oooh, she's wearing the curtains in this one.
So much money and so little taste. :eek:0 -
The man totally lacks any integrity and tbh in my opinion he has no idea of the state of the economy.
QUOTE: "What will happen in February 2010 the smaller the house the greater the increase in value will be".......Bollox will it.
Banks are still very cautious at lending and FTB ers, who will be buying these "smaller houses" need larger deposits to buy them, which will take most of them 2-3 years(unless banks start lending 100%).
That together with peoples lack of confidence with regards to employment will stall the market...........
Fungus Wilson is a Parasite (feeding off the communities where he buys).
"Poor people buy flats"........and to think he was a teacher.If my children had been taught by him I'd be looking into legal action for corrupting young minds......:rolleyes:0 -
"Poor people live in flats. When I was poor I lived in a flat. Poor people live in flats because they can't afford houses" and he goes on and on........
Ross Ashcrofts face is priceless.Retail is the only therapy that works0 -
Their portfolio of properties is understood to have a price tag of £180m, with around £45m of debt against it. Of course, they still have to find a buyer for what is a collection of mostly two- and three-bed homes, and in today's market that won't be easy. But if they do they should make it into the Sunday Times Rich List with a fortune in excess of £100m.0
-
btw. why is he selling? Is it a first step toward inheritance tax avoidance?
WOuldn't you want to off load something that you know is going to take a dive in value soon?If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
ExactlyDr_DiNg_DoNg wrote: »Their portfolio of properties is understood to have a price tag of £180m, with around £45m of debt against it. Of course, they still have to find a buyer for what is a collection of mostly two- and three-bed homes, and in today's market that won't be easy. But if they do they should make it into the Sunday Times Rich List with a fortune in excess of £100m.
And since they haven't actually made a product, or improved anybody's quality of life, where has that £100m come from? The tenants who have been screwed for as much as the Wilsons could get out of them, and the FTBs in the area who've had to pay over the odds (thus increasing HPI even further) because the Wilsons had distorted the market. So the size of the Wilsons' success doesn't endear them to most people.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
WOuldn't you want to off load something that you know is going to take a dive in value soon?
Your correct and he is hardly going to say he believes prices will fall when he is trying to sell 900 flats. He is in enough finiancial dodo with out shooting himself in the foot.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards