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Studnet pods?

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Comments

  • Thank you for shining some light on this for me. It's funny because I have been cold called about investing in rice fields for a great profit but hadn't put these opportunities in the same braket. i shall look for a regualr buy to let instead. Thank you once again, you've saved my money!
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    coyrls wrote: »
    I think Studnet sounds like a good money making opportunity.
    According to this link http://goo.gl/1MNhHQ that industry is one which probably has a great deal of money, how shall I say, floating about in it...
  • jimjames
    jimjames Posts: 18,917 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thank you for shining some light on this for me. It's funny because I have been cold called about investing in rice fields for a great profit but hadn't put these opportunities in the same braket. i shall look for a regualr buy to let instead. Thank you once again, you've saved my money!

    As per my question above. Rather than all these exotic risky options, have you actually looked at proper investments in the stock market?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Maybe it's just me, but if I were a student looking for a place to live I wouldn't touch one of these 'student housing investments' with a bargepole. The rents are way too high for the local market, the rooms are shiny but tiny, and they've got you over a barrel for services (internet, laundry, etc). Maybe it depends on the local market ('private halls' v damp rickety private housing with dodgy landlords) but unless the private housing is utterly dire I'd choose that any day.

    I was overhearing a 'beginning of term' conversation in a cafe the other week to much the same effect - eg the property company gives the cheaper studios to the first year students, so later years have take the more expensive one-bed flats, despite budgets being tighter as your course goes on and savings get spent. It was essentially viewed as accommodation of last resort only, or for foreign students with more money than sense.
  • molerat
    molerat Posts: 35,083 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rip Off Britain featured one of these student accommodation schemes the other week, let's say it wasn't pretty for the mug investors. The investor had not received rent on 3 of her properties so after getting no joy from the management company she went to the property. The council planning dept had found that the property did not conform to the plan and insisted that there needed to be more communal space so 2 of her "investments" had been converted into kitchens without telling her !!
  • jimjames wrote: »
    As per my question above. Rather than all these exotic risky options, have you actually looked at proper investments in the stock market?

    I would like to reiterate this question. For your average person who doesn't want a load of work, the stock market is by far the most obvious medium-to-long-term investment option. Maybe consider a plain vanilla buy to let if you have a particular interest in property, are willing to put in the extra work required, and understand (and want) the additional risk/reward that leverage brings with it. Don't touch these exotic schemes such as student pods or parking spaces with the proverbial bargepole -- there are all sorts of risks which have been clearly explained by others in this thread.
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