Sunday, Jun 07, 2009
Sarah Beeney speaks
Times: House prices - after the fall
For years, making money on property was simple: you bought a house or flat, you painted the kitchen, and, hey presto, six months later it was worth £50,000 more. Alternatively, you could not paint the kitchen and still sell it on for the same profit. In other words, regardless of what you did, the rising market would bail you out.
But what about those who bought in 2007, just as the market was peaking? That is the question we set out to answer in my new television series, Property Snakes and Ladders, which starts on Channel 4 on Tuesday at 8pm.
Posted by little professor @ 02:10 AM (1039 views) Add Comment
4 Comments
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1. Umisenyamasen said...
Interesting to note that the Times puts this article in its Life & Style section instead of either its Money or Business sections.
Also, given Beany's piece is nothing but a bit of tired TV advertising, a more appropriate title might be 'How to make money from the decrepit property porn format even in a falling market'
What a sad, ignorant and decadent world we live in when this tripe is considered both investment advice and entertainment.
2. quiet guy said...
"They also came to realise that they had to be flexible. Some of them have shelved initial plans to sell off their properties once they are finished and decided to live in them instead until the market picks up"
So the losses are hidden as unsold properties and the successful ventures are used for TV?
3. Tqo31 said...
Quiet Guy, I work in telly, and factually accurate programmes do not always ratings winners make....
4. mander said...
People can not make money by only buying a property. This is unrealistic easy. Making real money is a complex process.