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Tonkers

Homes Under The Hammer

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Renting is dead money. So what is renting money then?

How could that man think like that? I need to have a portfolio of 12 properties within one year, and look to aquire 150 to complete my portfolio. I wouldn't lend that guy a brass farthing. Looked like he had been to some sort of brainwashing seminar. You ban bet that muppet bought abroad as well.

Now the banks own a shedload more property. Great

You know, why didn't the banks just go out and buy a load of houses - cut out the middleman.

God, that has made me so angry now, what a prat!

Edited by Tonkers

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Everything he 'owns' is on the never never.

I winder if he still sleeps ok at night?

By now he might 'own' 30 slave boxes that are worth £500kish less than he paid, and with the rental market flooded he could well be on his ar$e or even bankrupt.

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And there he was at the end, the classic lines ... all rolled up together:

"House prices double every 10 years ... we're in it for the long haul ... something to hand down to the kids"

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Sticking to that one town he'd have to just about buy more than 1 in 10 of EVERY house up for sale for the next 10 years... he'd be a one-man bubble machine.

Not that he's buying now, of course...

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The original filming was done Feb 08.

Hamish keeps banging on about a shortage of housing.

Its prats like the bloke on HUTH that are to blame buying up all the available housing stock.

However, they'll be soon back on the market as they wont be able to keep up repayments.

Programme is here:

http://www.bbc.co.uk/programmes/b00ddyv4

Edited by Yorkshire Lad

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