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thirdwave

How To Get 60% Off The Cost Of A London Home

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Could be interesting..

Is that 60% off an inflated fictious bubble price, or a genuine 60% off the price of recent sales.

Wish they'd get out of the mindset that the house in question was ever worth 60% more - just a debt financed illusion

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Pretty missable.

Some saffa BTL bloke ramped up as "making money" by buying sh1te London flats at auction.

Admittedly they were selling at 50-60% discount to peak, but they really were pretty horrible, not worth 80k of my money I'm afraid.

And claiming he's "making money" is pretty damn cheeky, considering the market is still falling.

Fine if you have the cash and are prepared to lose it I suppose, but I still think there's further to fall myself.

Of course there was the obligatory "hard luck" story of an old couple who'd been repo'd and were whining about their council flat being too small. sigh.

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Pretty missable.

Some saffa BTL bloke ramped up as "making money" by buying sh1te London flats at auction.

Admittedly they were selling at 50-60% discount to peak, but they really were pretty horrible, not worth 80k of my money I'm afraid.

So far, I've yet to see a single repoed city property reach auction, that is anything other than awful.

There's a reason why they've got to the auction and weren't snapped up before then.

tim

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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