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What is UK property really worth? Here are three ways to find out
Comments
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Thrugelmir wrote: »BTL is a business not an investment. A common misconception. As of course many were spoon fed capital appreciation during the boom years.
You can't invest into a business? Wow, that's news to me.
Nice dodge of my question though, I love the way you tack around something you don't want to answer. :rotfl:0 -
RenovationMan wrote: »You can't invest into a business? Wow, that's news to me.
Nice dodge of my question though, I love the way you tack around something you don't want to answer. :rotfl:
I love the way you can't or won't see the point that was being made. You can invest into BTL, just as you can invest in shares or a savings account, that is true. The difference being that when someone buys a property for BTL, they will be running a business, not just investing (putting the money in and doing very little in the hope of a return).
What Thrugelmir posted was far less ambiguous than your "mortgage reduced by 4% in the first year" comment.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Why is someone who is earning a salary in Japanese yen buying a property in the North of England?
I have no idea. Especially when it's so close to Hartlepool Nuclear Power Station. Have they learnt nothing from Fukushima?
Incidentally as someone who knows a nutter on the net who claims to be an engineer I can attest this COULD BE the most important story of all. His imaginary late brother-in-law was a PhD Nuclear scientist and helped design this plant. With a fictional background working for the AEC at one time they used to talk about the nuclear power plants they helped design. He told me the ones in the North East were the Achilles Heel as so much money was transferred from backup safety systems to pay bribes totalling (he said) over a billion dollars. He used to tell me "Hartlepool will be the end of humanity if Hartlepool is ever heavily damaged. He eventually became so disgusted that he quit working for General Electric (the prime contractor) from his part-time consulting firm in Arkansas (he was the head of all departments at the University of Arkansas for many years with his department being "Civil Engineering" (that included power generation from nuclear to coal powered plants). I try to follow Hartlepool closely but almost no one else does as it's a bit grim.
There was a live feed from Hartlepool but things have worsened since the 80's-- so they turned off the video feed. They now say ALL workers who have ever worked there who had been told the work level was "safe" that they "miscalculated" and all will be dead within ten years (but their families will receive pensions). Life goes on. So you see there is a valid reason for those spending their life looking up precious metal drivel on the net .0 -
JonnyBravo wrote: »I have no idea. Especially when it's so close to Hartlepool Nuclear Power Station. Have they learnt nothing from Fukushima?
Incidentally as someone who knows a nutter on the net who claims to be an engineer I can attest this COULD BE the most important story of all. His imaginary late brother-in-law was a PhD Nuclear scientist and helped design this plant. With a fictional background working for the AEC at one time they used to talk about the nuclear power plants they helped design. He told me the ones in the North East were the Achilles Heel as so much money was transferred from backup safety systems to pay bribes totalling (he said) over a billion dollars. He used to tell me "Hartlepool will be the end of humanity if Hartlepool is ever heavily damaged. He eventually became so disgusted that he quit working for General Electric (the prime contractor) from his part-time consulting firm in Arkansas (he was the head of all departments at the University of Arkansas for many years with his department being "Civil Engineering" (that included power generation from nuclear to coal powered plants). I try to follow Hartlepool closely but almost no one else does as it's a bit grim.
There was a live feed from Hartlepool but things have worsened since the 80's-- so they turned off the video feed. They now say ALL workers who have ever worked there who had been told the work level was "safe" that they "miscalculated" and all will be dead within ten years (but their families will receive pensions). Life goes on. So you see there is a valid reason for those spending their life looking up precious metal drivel on the net .
Hmnn, sound dubious but then I have a closed mind. Can you supply links to some fringe blogs where internet nutter ran about these sorts of things? I always find them so convincing, so it'll help your argument.0 -
RenovationMan wrote: »Hmnn, sound dubious but then I have a closed mind. Can you supply links to some fringe blogs where internet nutter ran about these sorts of things? I always find them so convincing, so it'll help your argument.
I did try but I think the authorities are trying to shut me down. There seems to be a lot of censorship about precious metals and nuclear power stations. Soon there won't be any silver left anyway as it'll all be used up so it won't matter.
I'm worried cos I can't find out which happens first: silver running out or Hartlepool going critical.
Uh oh, there's a knock at the door.... carry on the message if they take me....0 -
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They are not. It is to show that there is a huge difference between money and it's value.
If you cant understand that, you are destined to always be poor.
Measuring your wealth in units of currency that you can't either earn or expend is somewhat pointless.
The value of my property has probably remained static in sterling terms since I bought it but has increased in dollar and euro terms. Does this make me more or less poor?0 -
Measuring your wealth in units of currency that you can't either earn or expend is somewhat pointless.
The value of my property has probably remained static in sterling terms since I bought it but has increased in dollar and euro terms. Does this make me more or less poor?
All depends when you sell. If you sell now and buy something that will hold its value then in the future you could buy your house back and have enough left for another property to rent out.
We are about halfway through the property bear market from top to bottom. The bottom will come and then the next bull market can begin.The thing about chaos is, it's fair.0 -
Love it. It used to be house prices compared to silver, but after that tanked, we are now using the bushel of wheat as measuring stick for UK house prices. :rotfl:
Failing that, we can always dig up some foreign currency that did well against sterling to establish once and for all UK house prices have gone down.0
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