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BTL - Agony Aunt - your questions answered
mystic_trev
Posts: 5,434 Forumite
BY PETULA SOUL
Britain's most insightful agony aunt.
I recently bought 31 new two-bedroom flats from a series of property developers for £7.5 million despite never having seen any of them. The idea was I would do no research, have no idea about the property market, they would manage them all for me, I would do no work whatsoever and I would become a millionaire. It all seemed very straightforward to me. So I did not put down any deposits and borrowed all the money from the bank at a silly interest rate. Now it appears my flats are worth nothing and I can’t rent them out to cover my interest bill. My bank is going to repossess all the flats and then my house and my car. It says I will still owe them £3.5 million and so will have to hand over my wife and my 15-year old daughter for the chief executive to use as he pleases. Might this explain the sudden and early onset of impotence?
Flaccid,
Flaxborough.
Petula says: Dear Flaccid,
I am not sure whether your current situation is sufficient to explain your impotence. However, it certainly suggests you are [EMAIL="f@cked"]f@cked[/EMAIL]. You lazy, stupid, greedy, [EMAIL="b@stard"]b@stard[/EMAIL].
http://www.thedailymash.co.uk/features/agony-aunt/your-problems-solved-2007041157/
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Comments
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Excellent trev.
I don't mean to p1ss on your chips, but............
http://forums.moneysavingexpert.com/showthread.html?t=813259&page=3
See post #57
Sorry dolcevita hadn't seen it - Thanks.0 -
I meet people everyday who claim they will simply bag a property and then release 'the equity' which implies that have absolute faith free equity from heaven is thier god given right!
Pathetic really0
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