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I Just Do Not Get This Ftb Buy Abroad Thing

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"Getting on the property ladder is a struggle in Britain, so why not buy a property abroad and rent it out? Meet Dominic Le Croissette, a 28 year old who can't afford to buy a flat in London, so has decided to buy a property in southern France. But be warned: being a landlord in France can be a tricky business."

And this helps how? Genuinely puzzled, it`s as though a whole mind bended generation go to any lengths. Twats are probably putting in offers through Remax.com for duplexes in New Orleans. If in doubt do nowt..stay put.

http://news.bbc.co.uk/1/hi/programmes/breakfast/4264534.stm

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"Getting on the property ladder is a struggle in Britain, so why not buy a property abroad and rent it out? Meet Dominic Le Croissette, a 28 year old who can't afford to buy a flat in London, so has decided to buy a property in southern France. But be warned: being a landlord in France can be a tricky business."

And this helps how? Genuinely puzzled, it`s as though a whole mind bended generation go to any lengths. Twats are probably putting in offers through Remax.com for duplexes in New Orleans. If in doubt do nowt..stay put.

http://news.bbc.co.uk/1/hi/programmes/breakfast/4264534.stm

This feels a bit 'last year'. BBC needs to get with the programme.

How about a programme about bitter 25 yr old MrB, saving like a ******* because there's likely to be a correction in house prices over the next few years & he wants to take advantage. Cameras follow him around whilst he pours bile on life in England and the dumb non-descript twats who keep buying 1-bed flats for £150 grand. This programme will contain strong language and probably never be shown or made.

Edited by MrB

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I Just Do Not Get This Ftb Buy Abroad Thing

That's because you're forgetting that property prices ALWAYS rise, forever and ever and ever Amen (Our Kirsty, who Art in Property Heaven, told me so, so it must be true). Monsieur Dominic Le Twattette can buy a pied-a-terre in Timbuctoo, sell it for a massive profit a couple of years later, and use the profit as a deposit on a period mansion in Chiswick!

PS. Never mind that in France it is illegal to evict tenants during the winter, and tenants know this so stop paying their rent as soon as the legal date for 'winter' is past, and don't pay anymore rent for 6 months, and you have to find enough money to pay the mortgage on the flat in France AND pay the rent wherever it is you are renting, and if the mortgage is in euros the exchange rate may have gone against you, and your repayments gone up, etc. Don't get bogged down in all this irrelevant detail, remember PROPERTY ALWAYS GOES UP!!!!!!!

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This feels a bit 'last year'.  BBC needs to get with the programme.

How about a programme about bitter 25 yr old MrB, saving like a ******* because there's likely to be a correction in house prices over the next few years & he wants to take advantage.  Cameras follow him around whilst he pours bile on life in England and the dumb non-descript twats who keep buying 1-bed flats for £150 grand.  This programme will contain strong language and probably never be shown or made.

We can only dream that our licence fees could be spent so frivously :lol:

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That's because you're forgetting that property prices ALWAYS rise, forever and ever and ever Amen (Our Kirsty, who Art in Property Heaven, told me so, so it must be true). Monsieur Dominic Le Twattette can buy a pied-a-terre in Timbuctoo, sell it for a massive profit a couple of years later, and use the profit as a deposit on a period mansion in Chiswick!

PS. Never mind that in France it is illegal to evict tenants during the winter, and tenants know this so stop paying their rent as soon as the legal date for 'winter' is past, and don't pay anymore rent for 6 months, and you have to find enough money to pay the mortgage on the flat in France AND pay the rent wherever it is you are renting, and if the mortgage is in euros the exchange rate may have gone against you, and your repayments gone up, etc. Don't get bogged down in all this irrelevant detail, remember PROPERTY ALWAYS GOES UP!!!!!!!

No shit! you learn something new every day :o

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"Getting on the property ladder is a struggle in Britain, so why not buy a property abroad and rent it out? Meet Dominic Le Croissette, a 28 year old who can't afford to buy a flat in London, so has decided to buy a property in southern France. But be warned: being a landlord in France can be a tricky business."

And this helps how? Genuinely puzzled, it`s as though a whole mind bended generation go to any lengths. Twats are probably putting in offers through Remax.com for duplexes in New Orleans. If in doubt do nowt..stay put.

http://news.bbc.co.uk/1/hi/programmes/breakfast/4264534.stm

It goes with the bubble mentality, you just have to have property it doesnt matter where or how much you just have to have some otherwise you will miss out on a really big thing.

Interesting title LandLord not befitting to most on any level.

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This feels a bit 'last year'.  BBC needs to get with the programme.

How about a programme about bitter 25 yr old MrB, saving like a ******* because there's likely to be a correction in house prices over the next few years & he wants to take advantage.  Cameras follow him around whilst he pours bile on life in England and the dumb non-descript twats who keep buying 1-bed flats for £150 grand.  This programme will contain strong language and probably never be shown or made.

Quality, absolute quality MrB :lol::D:P

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"Getting on the property ladder is a struggle in Britain, so why not buy a property abroad and rent it out? Meet Dominic Le Croissette, a 28 year old who can't afford to buy a flat in London, so has decided to buy a property in southern France. But be warned: being a landlord in France can be a tricky business."

And this helps how? Genuinely puzzled, it`s as though a whole mind bended generation go to any lengths. Twats are probably putting in offers through Remax.com for duplexes in New Orleans. If in doubt do nowt..stay put.

http://news.bbc.co.uk/1/hi/programmes/breakfast/4264534.stm

Hi,

Makes perfect sense. I know of many people younger than I who have done just that. The sums stongly add up, depending on where you are. S France would not be the best example as it is an expensive place, however, still much cheaper than the UK if you know where to go, good rental income opportunuities, desirable place to live later in life, career opportunuities if you learn some local language. It really isn't that difficult if you try, many parts of the world speak English anyway. You probably stand a much better chance of paying off a much smaller mortgage on a bigger, more desirable property in other parts of the world, while you are living-working and paying rent in the Uk. Do the sums. You can be paying significantly less in rent, including adding to your savings, compared to UK mortgage interest, with a much better chance of paying of the capital value of your overseas home in under 10 years. You won't have so much additional wage-slave, sleeples, debt-riden nights, perhaps. What's your alternative. Financial cliff hanging off the edge of a tiny appartment somewhere in the UK city suburbs. Ask yourself if you think prices will be rising at 20-25% again for a very long time. So you will have a crap and risky investment, a poor quality home and lifestyle and total loss of freedom. Sorry if that sounds doom and gloom. Reality will kick in eventually, I am sure 3-5 years down the line the UK will become a viable place to build a nest again.

That is the economics of it if you do the research and pick well. That is another factor in why the sums of UK property just do not add up at the moment in the present form.

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As well as the legal minefield involved in buying abroad...it has always puzzled me how particular places become the place to invest for no reason other than fashion..

eg. Bulgaria......Why Bulgaria and NOT Sweden or Germany or Venezuela?

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As well as the legal minefield involved in buying abroad...it has always puzzled me how particular places become the place to invest for no reason other than fashion..

eg. Bulgaria......Why Bulgaria and NOT Sweden or Germany or Venezuela?

Hi,

Well, again, do the research. Sweden will generally be expensive too (but still less than Britain, particularly for comparable city-metro lifestyle). Germany, you can get some much cheaper, larger property, depending where you are. Venezula or Bulgaria, humm, I would think that maybe too big a cultural shift and politically risky nations. Probably dirt cheap property though. Generally stick to the EU, given you have the right to live and work there as well.

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It goes with the bubble mentality, you just have to have property it doesnt matter where or how much you just have to have some otherwise you will miss out on a really big thing.

Just like people were buying "shares" without really having a clue what a share actually is, or in what company they had bought shares, during the .com boom. As long as it was in some way connected to the internet, they bought shares in it.

I recall some mining companies even added .com to the end of their name in order to attract investors. Their actual business was always mineral exploration, but the name change brought in the money from fools who really didn't know what they were investing in.

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  • 301 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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