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delite1

The Times-desperation-trying To Sell

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I think this article from The Times today sums up the situation quite well.A man tries to raffle his house.

He has to sell 800 tickets at £500 each to hit his reserve price of £400,000 in order to pay off his creditors, while any profit he makes he says he will donate to charity. Profit? He may struggle: according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000.

:lol::):)

http://property.timesonline.co.uk/article/...1729738,00.html

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He has to sell 800 tickets at £500 each to hit his reserve price of £400,000 in order to pay off his creditors, while any profit he makes he says he will donate to charity. Profit? He may struggle: according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000.

Who the hell would pay £500 for a 1 in 800 chance of winning a house. £5 maybe but not £500.

You would be better off sticking it on a horse.

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I agree, £500 quid for a one in eight hundred chance of winning anything at all is proposterous.

Pound a throw. That is what people will pay for a very long shot. National lottery have spent the money researching this. This guy should make use of it.

He'll need to sell a fair few indeed. :)

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I dont know

they do raffle cars at airports these day and i think that is quite expensive but you get people who get paid extortionate amounts who dont care.

800-1 for a house for £500....you know - these are ok odds. Youd pay £500 for a survey!

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I think this article from The Times today sums up the situation quite well.A man tries to raffle his house.

He has to sell 800 tickets at £500 each to hit his reserve price of £400,000 in order to pay off his creditors, while any profit he makes he says he will donate to charity. Profit? He may struggle: according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000.

:lol:  :)  :)

http://property.timesonline.co.uk/article/...1729738,00.html

Symptomatic of the real world out there tight now. Incredible.

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  • 302 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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