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Comments
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Kennyboy66 wrote: »The idea that a studio flat will still be habitable / standing in 50 years does make me chuckle.
They don't build them like they used to
http://www.nothingtoseehere.net/2008/03/the_excalibur_estate_london.htmlThe 187 prefabs here were erected in 1946-47, by German and Italian prisoners of war. They were interim housing, a solution to the housing stock shortage after the end of the 2nd World War. They were expected to last between 10 and 15 years but are still standing after 60.'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 -
They don't build them like they used to
http://www.nothingtoseehere.net/2008/03/the_excalibur_estate_london.html
We used to have prefabs not far from where I was born. I used to deliver newspapers to them. The occupants really like them and didn't want to leave them (not sure where they came from). Some brought under the right to buy and essentially put a shell on them and then removed/redeveloped them from inside. The council did the same with the remaining stock sometime in the 80/90s. The development is still there today and isn't going anywhere.
Quite nice little bungalows that are still brought and sold."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
IveSeenTheLight wrote: »It's the same split as 90k, 90k and 90k, just more investment in each.
The previous idea seemed to be that £90,000 was used to buy a flat outright.0 -
I wouldn't wipe my @rse with Moneyweek :rotfl:0
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Interesting thread, definitely some food for thought!0
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The previous idea seemed to be that £90,000 was used to buy a flat outright.
Why own outright when you can have a BTL mortgage where the mortgage interest is tax deductable and you can then invest the remainder of your equity elsewhere?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Why own outright when you can have a BTL mortgage where the mortgage interest is tax deductable and you can then invest the remainder of your equity elsewhere?
I have no problem using debt. I don't think that a portfolio with £30,000 of shares, £30,000 of bonds and £180,000 of property is balanced or a good way to manage risk.
It's your money and obviously you will do with it as you see fit but that sort of asset split brings to my mind a famous phrase about eggs and baskets.0 -
IveSeenTheLight wrote: »Why own outright when you can have a BTL mortgage where the mortgage interest is tax deductable and you can then invest the remainder of your equity elsewhere?
It's not really a great income generator in that case then, is it? And your exposure to risk would be high. What would you invest the remainder of the equity in as you would be effectively borrowing to be able to invest it?0 -
I have no problem using debt. I don't think that a portfolio with £30,000 of shares, £30,000 of bonds and £180,000 of property is balanced or a good way to manage risk.
It's your money and obviously you will do with it as you see fit but that sort of asset split brings to my mind a famous phrase about eggs and baskets.
We'll it's easy to coin a phrase using eggs and baskets and of course there are instances which causes issues with the batch.
I do wonder if the negative focus draws away from the numbers of baskets with eggs that incur no negative impacts
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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