Saturday, Jun 28, 2008
Quick ... Book Your Place
Mortgage Introducer: Property Investor Show
"Nearly 300 exhibitors will be on hand to provide visitors with the best advice for investing in the current market, both at home and abroad, as well as providing guidance on mortgages, finances, legal advice, commercial developments and the process of buying and selling a property."
Now where's the stall that says 'Don't Buy Yet, as Buying in a Crash can Seriously Damage Your Wealth!'.
Posted by renting2 @ 11:29 AM (672 views) Add Comment
9 Comments
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1. paul said...
"Nearly 300 exhibitors will be on hand to provide visitors with the best advice"
They'll be offering advice like "buy my property, please" but I don't know about "best" advice.
2. jonb said...
I can provide best advice for investing in the current market in one simple word. Don't.
3. Homeless_bear said...
Er, . . . . . doesn't this constitute fraud??
Definition of Fraud: A deception deliberately practiced in order to secure unfair or unlawful gain. I believe the Serious Fraud Office (SFO) look into large scale deceptions . . . anything in excess of £1m. However, don't hold your breath. If they couldn't 'nail' Maxwell (Robert), the chances of them doing anything in this particular case are a bit slim . . . . . .
4. new_order said...
"People who behave like sheep deserve to be fleeced" - Royston, HPC blogger
Whatever happened to Royston anyway?
5. deepak said...
It also had Goa in it.
I would like to add some info here.
1) Producer price inflation in India is 11.42% and is expected to rise.
2) Consumer price inflation is around 20-25%. and Food inflation in core foods is 70-100%
3) Fuel is still subsidised in India and they are taking it off slowly but suely as the Govt. can't take the losses any more.
4) Bank Interest rates are 8.5% (Equivalent to BOE 5% in UK)
5) Credit reserve ratio: I don't think many people would have heard this. This is the ratio the bank have to keep for all deposits. This is also very high around 6-7%. Its around 0.5% in UK. This acts to reduce the money supply.
Hence if you would like to invest in India remember although it is growing at 8% a year but the fall in currency is higher. So you will get less back.
A fool and his money soon part.
6. dude said...
Interestingly I've had a couple of cold (phone) calls recently. I don't normally get them as I've signed up to the telephone preference service. 'I'm just doing a survey...' they say. When I asked if this was sales (I thought I'd have a bit of fun rather than my usual hanging up on them) they said no. Only to end with 'would you be interested in one of our mortgage advisers calling you?'
My response? Well it ended in 'off.'
They must be really getting desperate if they are starting to cold call against the code of conduct guidelines. Oh dear!
7. Stevie Dee said...
Someone should set up outside with various tents for sale.
8. drewster said...
deepak, thanks for the info. Even if an overseas market is booming, it's very difficult to avoid being ripped off. You're paying an agent in the UK, a currency exchange agent, an agent in the foreign country, local taxes, conveyancing fees, and all the other costs. When you come to sell the property again it will be much harder to sell than when it was new. So even if the value of your property rises 30% you'll only just break even.
9. gone-to-colombia said...
Ok, anybody know anything about Colombia?
Here, the sheeple still think there is a boom going on but the wise know its over.
One guy told me that there is a property bubble and it would burst soon.
Anyone heard any more?