Soul Reaver Posted September 29, 2009 Share Posted September 29, 2009 Borrow money from anyone or anywhere just so long as you can buy property! Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted September 29, 2009 Share Posted September 29, 2009 Love the Thank You card behind him. Is it from Bradford and Bingley? Quote Link to comment Share on other sites More sharing options...
200p Posted September 29, 2009 Share Posted September 29, 2009 "finance a property deal" = get money to flip a house to the next mug. Quote Link to comment Share on other sites More sharing options...
200p Posted September 29, 2009 Share Posted September 29, 2009 No money down, credit card, overdrafts for deposit. University students buying property. There's no subprime. Quote Link to comment Share on other sites More sharing options...
D.C. Posted September 29, 2009 Share Posted September 29, 2009 Borrow money from anyone or anywhere just so long as you can buy property! There is a very simple reply to this muppet, Quote Link to comment Share on other sites More sharing options...
zebbedee Posted September 29, 2009 Share Posted September 29, 2009 He says , release equity then says to paraphrase "or you could get a loan, I wouldn't say a loan is a good idea", what the f@ck does he think equity release is-O' thats right, it's your money trapped in an asset. What a f@cktard Quote Link to comment Share on other sites More sharing options...
GrinAndBearIt Posted September 30, 2009 Share Posted September 30, 2009 I've made a precis of his "pitch" on his youtube, I do hope it helps his superb business opportunity take off! (I'm rubbishcrap by the way.) Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted October 1, 2009 Share Posted October 1, 2009 I've made a precis of his "pitch" on his youtube, I do hope it helps his superb business opportunity take off! (I'm rubbishcrap by the way.) A very accurate summary. Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 1, 2009 Share Posted October 1, 2009 No money down, credit card, overdrafts for deposit. University students buying property. There's no subprime. I can't watch the video at work but I take it this chap is not a pensioner. There have been a few posters on here who have fallen for the government spin, demonizing the older generation, in preparation for an asset tax. The current spin is that the older generation caused this mess and therefore should pay for it. Quote Link to comment Share on other sites More sharing options...
Stars Posted October 1, 2009 Share Posted October 1, 2009 I can't watch the video at work but I take it this chap is not a pensioner. There have been a few posters on here who have fallen for the government spin, demonizing the older generation, in preparation for an asset tax. The current spin is that the older generation caused this mess and therefore should pay for it. Relax, your bulging and ungainly vested interest is busting the studs in your corset Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 Relax, your bulging and ungainly vested interest is busting the studs in your corset I think we are unusual in this country in not having a property tax. The poor old lady in the big house argument seems to be trotted out every time in support of arguments both for and against it. Quote Link to comment Share on other sites More sharing options...
cabbagepatchkid Posted October 1, 2009 Share Posted October 1, 2009 "...the best deal of the century ... comes up every two or three weeks anyway ...." He is a proper tool. From his you tube profile: Name: Rob Age: 30 Co-Founders and Director: Progressive Property Full Time Property Investors Authors of "Make Cash in a Property MArket Crash" & "The 44 Most Closely Guarded Property Secrets" 212 Properties Bought Since 2005 with a recently purchased portfolio like that i should think this twunt is $hitting himself. Good. Quote Link to comment Share on other sites More sharing options...
FortuneFTB Posted October 1, 2009 Share Posted October 1, 2009 I don't listen to anybody with designer stubble wearing a pink shirt, sure sign of a Spiv Quote Link to comment Share on other sites More sharing options...
Stars Posted October 1, 2009 Share Posted October 1, 2009 I think we are unusual in this country in not having a property tax. The poor old lady in the big house argument seems to be trotted out every time in support of arguments both for and against it. We have unusualy low (in reality, non existent) taxes on real estate and we have unusualy large problems with our real estate market. Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 We have unusualy low (in reality, non existent) taxes on real estate and we have unusualy large problems with our real estate market. We also have an unusually blinkered perception of propery values. During the last crash, my sister lost 50% off the price she paid for her home and was in negative equity for years. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted October 1, 2009 Share Posted October 1, 2009 he smacks of desperation. hes in serious trouble. very serious trouble. like a man begging for his financial life. and its still a crock of absolute shit, no matter how he tries. what a complete spiv. its almost a caricature of a desperate speculator. Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 1, 2009 Share Posted October 1, 2009 I think we are unusual in this country in not having a property tax. The poor old lady in the big house argument seems to be trotted out every time in support of arguments both for and against it. Where do you live.? I pay £2500 pa property tax in the UK and that is not counting the extra I pay on water and sewerage charges based on my property rateable value. When I said asset grab above I was thinking more in terms of a wealth tax based on savings, pension fund and investments, as well as physical asset holdings Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 Where do you live.? I pay £2500 pa property tax in the UK and that is not counting the extra I pay on water and sewerage charges based on my property rateable value. When I said asset grab above I was thinking more in terms of a wealth tax based on savings, pension fund and investments, as well as physical asset holdings In the SE, near Laandaahn. I pay about the same as you for a very modest 2 bed cottage. Quote Link to comment Share on other sites More sharing options...
Stars Posted October 1, 2009 Share Posted October 1, 2009 Where do you live.? I pay £2500 pa property tax in the UK and that is not counting the extra I pay on water and sewerage charges based on my property rateable value. The council tax isn't strictly a property tax; you can be liable for it without owning property and you can be not liable for it and own a property. Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 The council tax isn't strictly a property tax; you can be liable for it without owning property and you can be not liable for it and own a property. I though you paid a reduced council tax unless the property was uninhabitable, i.e. no roof or W.C. for instance. Quote Link to comment Share on other sites More sharing options...
Stars Posted October 1, 2009 Share Posted October 1, 2009 I though you paid a reduced council tax unless the property was uninhabitable, i.e. no roof or W.C. for instance. The liability for it can be moved to tenants. Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 The liability for it can be moved to tenants. So yet another perk for the lovely BTL brigade. Quote Link to comment Share on other sites More sharing options...
Stars Posted October 1, 2009 Share Posted October 1, 2009 So yet another perk for the lovely BTL brigade. Bingo Quote Link to comment Share on other sites More sharing options...
Moley Posted October 1, 2009 Share Posted October 1, 2009 Bingo I do like to make a distinction between ***** like the unshaven twit in the video with his BTL empire built on sand and older couples who saw the value of their pension schemes being eroded and decided to buy a small property to rent out to boost retirement income. Death to the former, sympathy for the latter. Is Ajay Ahuja still solvent? I do hope not. Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 1, 2009 Share Posted October 1, 2009 (edited) The liability for it can be moved to tenants. True but the landlord pays tax on the rent or capital gain on the property at sale. Then there is also stamp duty. This government was doing very well out of property taxes until it went t!ts up. Edit: Forgot to mention the extension tax, lawn tax and gravel drive tax. Tax is paid on fuel used to cut grass and there is an aggregate tax on gravel (which is a big chunk of the cost of a newbuild). Planning applications have been a cash cow for local councils too. Edited October 1, 2009 by dr ray Quote Link to comment Share on other sites More sharing options...
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