Pay off your mortage in under a year

Anastacia

Programme on TV last night when two families made money building & selling 2 houses in Crete. I dont supose anyone recorded it ? I missed it but would love to see it.

Thanks

roswell

didnt record it but wasnt really a viable option for most they borrowed 250 K built 2 properties in an up and coming area in crete and made 200 K profit before tax.

Anastacia

thanks anyway, thought i might be on to a winner! but alas as usual

Mirtos

I grew up on Crete, and people who do that are pricing locals out of the market. I don't want to start an argument, but it really hurts to see people developing the home you love for their own profit, then running back to the UK with the cash without putting anything back into the community. To me it seems to be just another form of colonialist looting. I'm not having a go OP, so please don't be offended. I just really wish that people would THINK what they are doing to a local area before they buy up cheap properties to develop and sell on to tourists with twice the buying power of the local community, who then leave the property standing empty for most of the year- It isn't a particularlt ethical way to get rich IMO.*stands well back*

Anastacia

You are probably right. Although I lived in Crete for a few years & most of the money i saw was being made be canny locals.
My friend and I still run a website for tourists to book direct with Greek owners (at no profit to me - no wonder i am always on this board!!!)so I am not trying to ruin the community, honest!

I do have a little land down South & wouldnt mind selling a couple of metres for that kind of money though.ah,well

lynzpower

Mirtos wrote:

I grew up on Crete, and people who do that are pricing locals out of the market. I don't want to start an argument, but it really hurts to see people developing the home you love for their own profit, then running back to the UK with the cash without putting anything back into the community. To me it seems to be just another form of colonialist looting. I'm not having a go OP, so please don't be offended. I just really wish that people would THINK what they are doing to a local area before they buy up cheap properties to develop and sell on to tourists with twice the buying power of the local community, who then leave the property standing empty for most of the year- It isn't a particularlt ethical way to get rich IMO.*stands well back*

Just could not agree more.

lynzpower

but for the OP, its repeated on E4 at 7.00 I think next thurs

*zippy*

If you are in Wales its on S4C Thursday lunch time

LookingAhead

They were really bl**dy annoying though!

Also, maybe slightly off topic but hey I'll say it anyway.......why is it you hear hordes of Daily Mail readers moaning about people coming over here and working in Great Britain and taking up "our housing" yet it's positively encouraged (probably in the Daily Mail? ) to buy holiday homes abroad?

Double standards methinks.

MinnieSpender

LookingAhead wrote:

They were really bl**dy annoying though!

Also, maybe slightly off topic but hey I'll say it anyway.......why is it you hear hordes of Daily Mail readers moaning about people coming over here and working in Great Britain and taking up "our housing" yet it's positively encouraged (probably in the Daily Mail? ) to buy holiday homes abroad?

Double standards methinks.

The DM? Double standards? ARE YOU SURE????? :rotfl:

LookingAhead

MinnieSpender wrote:

The DM? Double standards? ARE YOU SURE????? :rotfl:

Well......I'm not 100% sure but it's looking that way to me so far.....