Debate House Prices


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Comments

  • sthrax
    sthrax Posts: 16 Forumite
    chucknorris wrote: »
    It should never be about the first year's profit, property is a long term investment. Our properties only made a small profit in year one, but now our annual rental profit is in 6 figures.

    Thanks, is that because you expect the capital value grow or because inflation will help pay off your mortgage? Or both I suppose...
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    sthrax wrote: »
    Thanks, is that because you expect the capital value grow or because inflation will help pay off your mortgage?

    No, neither would increase your annual rental profit, it is because the anticipation is that rents inflate.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    chucknorris wrote: »
    It should never be about the first year's profit, property is a long term investment. Our properties only made a small profit in year one, but now our annual rental profit is in 6 figures.

    Will you adopt me?
    Left is never right but I always am.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mistermeaner wrote: »
    Will you adopt me?

    Yes if you are a rescue springer or sprocker spaniel.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    Woof woof.
    Left is never right but I always am.
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