Wednesday, Jun 20, 2007
Horses, boats and houses
MoneyWeek: Why Britons are selling their boats and horses
Good piece by Merryn... isn't she great? "A woman who told me that she and her husband had interest-only mortgages on both a London house and a country house that they were struggling to pay. Another was with a woman who told me that her buy-to-let investment (which she considers her pension) was actually costing her a whopping £600 a month" "a retired stockbroker who lives in Notting Hill. Eighteen months ago he and his wife thought they might move to the country so they put their house on the market for £850,000. They got no response so they decided to stay put. Last week, after a visit from their local estate agent they changed their mind again – and their house is now on the market for £1.65m"
Posted by confused76 @ 12:03 PM (178 views) Add Comment
12 Comments
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1. Orwell said...
Mmmm
1/3 of the value...
I wonder if this will happen to the BTL'rs?
Oh dear oh dear oh dear...................
2. bidin'matime said...
Now I'm feeling smug - sold my boat for a good price in December ( to someone in the armaments industry, so that might tell you something...)
3. confused76 said...
I am off to buy a boat and a horse... sure I will be able to afford a country house with stables when the market crashes ...
4. confused76 said...
... and with a private dock, of course...
5. wage slave said...
There's a chap at work who's busy buying up property round the London Olympic venue.
Looks like he'll be for the high jump ! Sorry !
6. holding out said...
There's a new market out there. Buy to ride. Get your horses now while they are cheap. Build up a stable soak up all new build horses (also called ponies) and price out first time riders.
7. mike said...
so 18 months ago, nobody bought the house for 850K.. and now its being offered again for 1.65M!!! How on earth does that reflect its value if it HAS NOT SOLD!
8. mrmickey said...
If peak oil is kicking in surely buying a horse will be an excellent investment. You could tie it up outside Tesco while you nip in to get your bag of oats
9. sold 2 rent 1 said...
mrmickey,
Not a bad idea although we might be reaching "peak oats" soon once they discover how to turn it into bio-fuel.
10. mrmickey said...
Sold 2 that is a very good point and the additional methane the horse would produce could increase my carbon footprint to the size of Dorset.
11. dobber said...
holding out,
Fantastic, you really made my day.
Giddy up now into the paddock we'll have these BTL donkeys all tied up by morning.
12. Speewah said...
Better register horsepricecrash.co.uk quickly