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Buy to let? Or put the money in the bank?
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In all honesty I believe "Buy to Let" has reached the end of the road. Ive read that houses were being re-possessed when Interest Rates were at 4.75%, and now at 5,0% they feel more people will fall into the trap!
If you can purchase a run down property at say £125 and with a partner, then it may be worth considering. But I feel that 2007 is going to be a rough year, and we are in for a bumpy ride. I feel that their will be a Property adjustment and a ftse adjustment!..... Sorry?0 -
scorpio_princess wrote:Blimey! I don't know where you live, but even the scummiest properties around here go for much more than 30% under market value! But then the market is very over-inflated here....
Research BMV buying (below market value)Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0
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