Thursday, Feb 14, 2008
A decent desription of the current madness in the UK housing market....
Investment and Business News: The great exodus: owner-occupiers become renters in biggest change ever seen
"And finally, and surely the answer to this riddle will determine the ultimate course of house prices, if house prices are too expensive for would-be owner occupiers, how can it be viable for investors to buy those properties and rent them to the very same people who can’t afford to buy them?"
Posted by notlongnow @ 12:55 PM (397 views) Add Comment
1 Comment
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1. renting2 said...
By buying at well below market value (who actually does the valuation for these deals?).
Then eject the 'new' tenant as quickly as poss (most of these schemes are not regulated and actually only give the seller/tenant the security of a standard 6 month AST).
Sell on at market value as quickly as poss (hopefully market will still be high enough to make profit).