The property boom is well underway now.

nearlynew

This thread is nothing more than blatant ramping.

The examples given by the OP of the people involved in these purchases sounds like a roll call of chancers from the last 5 years.

What these people often fail to recognise or factor in to their calculations is the fact that their deposit is also borrowed money, which they will have to repay.

Kohoutek

aelitaman wrote: »

Sounds like Liar Loans are back with a vengeance.

Also known as mortgage fraud.

A practice we should undoubtedly be encouraging! Look how well it worked for the US subprime market:(

brit1234

Looks like conrad is falling for the dead count bounce, worsy still its the end of the dead cat bounce lol
:rotfl:

Invest in property it worked for the Willsons didn't it :eek:

Running_Horse

I suspect things will bump along for a few years with every slight rise and fall being touted as the latest boom/crash. The kind of people being forced to save a large deposit are not likely to be hyped into overpaying, having carefully watched the market for several years.

Running_Horse

Conrad wrote: »

+ Miss utterly average, non to clever clothes shop supervisor on £19.5k buying 3 bed house in Kent for £94k. Deposit of 15%. Will turn the house into 2 flats and be left with a gross yield on total outlay of circa 10%.

That must be Medway at that price? I wouldn't bet money on the council allowing any flat conversions on any 3 bed property costing £94,000. They just don't allow it any more, and in my old road they never did.

doire_2

Property Boom?????? :rotfl::rotfl::rotfl::rotfl:

Whats going to sustain this boom of yours?

Cleaver

nearlynew wrote: »

This thread is nothing more than blatant ramping.

Isn't every single thread on this forum 'ramping' one way or the other?

Davesnave

Cleaver wrote: »

Isn't every single thread on this forum 'ramping' one way or the other?

I think the difference here is that Conrad sincerely believes his ramping.;)

abaxas

Davesnave wrote: »

I think the difference here is that Conrad sincerely believes his ramping.;)

No, he's just doing the right thing for hardworking people, who fake their income.

mongoose2009

Always be suspicious of someone with a financial interest in the outcome