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Gambling, Houses, Dogs Or Horses

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Why are people prepared to gamble their home for small gains.

Hi all

At the moment, I am living in one of my investments, which I would rather keep and buy an additional property to develop.

However, my mortgage company will not let me release any equity (which is approximatly £40k) - is there anyway I can raise the additional finance through setting up a limited company and borrowing the money from a bank, or is my only option to sell??

Any advice appreciated.

Thanks in advance

Louise

http://community.channel4.com/groupee/foru...47/m/3760049691

This women of the C4 forum has only got £40k equity, thats probably on her valuation. She could lose that in 6 months on one transaction.

These people are not normally gamblers.

They wouldn't MEW and put the money on the 3.30 at Walthamstow.

Is there an addiction here.

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Why are people prepared to gamble their home for small gains.

http://community.channel4.com/groupee/foru...47/m/3760049691

This women of the C4 forum has only got £40k equity, thats probably on her valuation. She could lose that in 6 months on one transaction.

These people are not normally gamblers.

They wouldn't MEW and put the money on the 3.30 at Walthamstow.

Is there an addiction here.

If you seriously compare buying and doing up a house is a gamble comparable to betting on a dog track its a good job that you are not in the game. Doesn't the fact that she has 40k worth of equity in her property to play with (assuming that this is not what she had in initially) not tell you anything??

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If you seriously compare buying and doing up a house is a gamble comparable to betting on a dog track its a good job that you are not in the game.

Indeed: you're probably more likely to make money on the dog track in the next few years.

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  • 336 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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