Friday, Nov 28, 2008
How does this pan out ?
FT: Investor buys entire street at cut prices
Did we have funds bottom feeding in the last property downturn ? Will this affect the dynamic this time around ?
I guess it will not cushion the falls because the funds would have to be massive to affect the UK housing lead balloon.
Posted by voiceofreason @ 10:05 PM (363 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. jonb said...
This is just another one of these "BMV" investors doing sale and rent-back schemes.
As I think we have discussed before, there are two problems with it. You don't buy "below market value". People sell to the highest bidder. If you are the highest bidder, it can't be below market value, but it could still be above market value.
Secondly, if the seller can't afford to pay their own mortgage, they can't afford to pay your mortgage on the property either.