The Dark side of the Buy to let boom

pickles110564

surfcat wrote: »

You are rewarded through your wage packet. You do not "earn" any money due to HPI, it offers no reflection on your abilities or efforts and is merely the luck of the draw.

Personally I hope prices soon come crashing down to historical levels, so that ordinary people can once more afford to buy houses. Of course, then people like you might face a retirement of poverty, but pardon me if I couldn't give a !!!!.

Oh so I am not an ordinary person? Our first property was bought for £77k with a £1k deposit.I have had to work Long hard shifts since I was 16, got off my @rse and learnt several trades in my few days off so that I could work on my own properties.
You make your own luck through good research and bloody hard work not merely the luck of the draw.
I too hope the market crashes, that way I will buy loads more and when they go back up again I will be even more quids in.
Stop blaming others and work smart for yourself

pickles110564

dannyboycey wrote: »

Hard work combined with living below your means will make you rich. It's that simple. No 'rewards' necessary.

Living below your means wont make you rich in the job that i have, however hard work in developing property and supplying rental properties will.
Because there will always be people out there to rent as they are quite content to blame everyone else but themselves and expect to be given everything to them handed on a plate.
Just like the dolelites that think they get their wages when they go to sign on.

nelly_2

keeperbear wrote: »

???????? This makes no sense.

In my retirement, I am going to sell my property and move abroad. Once there, I am going to use my property fortune to pay for an 18 year old nurse to look after me.

Whats his name?

nelly_2

pickles110564 wrote: »

Because there will always be people out there to rent as they are quite content to blame everyone else but themselves and expect to be given everything to them handed on a plate.
.

What? like you expect house prices to keep doubling and then the proceeds handed to you on a plate....................

Hows that hard work?


Kinell!

mystic_trev

nelly wrote: »

Whats his name?

I think he's hoping more along these lines!

Ad

keeperbear wrote: »

No different to an island already laid waste by stock market investors who care more about dividends than the jobs of the local workforce. See Cadbury etc. Don't blame the problems of the UK on property investment alone.

At least at this point in history peasants like me own some property and gain from HPI. I like people/companies buying property in my area. It increases the price of my property, and that I like. I am going to retire abroad on the proceeds.

The 'I'm alright Jack' ignorant attitude which is why the country is in this mess.

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pickles110564 wrote: »

Living below your means wont make you rich in the job that i have, however hard work in developing property and supplying rental properties will.
Because there will always be people out there to rent as they are quite content to blame everyone else but themselves and expect to be given everything to them handed on a plate.
Just like the dolelites that think they get their wages when they go to sign on.

Property speculators add nothing to society, but misery and the destruction of aspiration for hard working familes and couples who wish to purchase their first home or to move up the ladder.

Ad

pickles110564 wrote: »

Oh so I am not an ordinary person? Our first property was bought for £77k with a £1k deposit.I have had to work Long hard shifts since I was 16, got off my @rse and learnt several trades in my few days off so that I could work on my own properties.
You make your own luck through good research and bloody hard work not merely the luck of the draw.
I too hope the market crashes, that way I will buy loads more and when they go back up again I will be even more quids in.
Stop blaming others and work smart for yourself

Work smart for yourself? What lie about your earnings to obtain a mortgage commit fraud along with a sea of other fools and thieves, endebt yourself with an interest only mortgage.

pickles110564

Ad wrote: »

Work smart for yourself? What lie about your earnings to obtain a mortgage commit fraud along with a sea of other fools and thieves, endebt yourself with an interest only mortgage.

I have never had to lie about my earnings to obtain mortgages and they are all set to pay off when I am 60, so when you quote dont compare others with your own poor standards

thesaint

Ad wrote: »

Property speculators add nothing to society, but misery and the destruction of aspiration for hard working familes and couples who wish to purchase their first home or to move up the ladder.

Cry me a river.