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Financial Advice From Blue Peter- Buy Property

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Telegraph Money

Interesting Advice:

1. Buy property instead of a Pension. If the market rises you make a "tidy profit"

2. Don't buy with a friend. Or at least not one who runs off without paying the bills.

3. Don't get ripped off by a letting agent.

4. If you do get ripped off, get yourself a job presenting a TV program like Watch-Dog and you'll soon get your money back.

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Telegraph Money

Interesting Advice:

1. Buy property instead of a Pension. If the market rises you make a "tidy profit"

2. Don't buy with a friend. Or at least not one who runs off without paying the bills.

3. Don't get ripped off by a letting agent.

4. If you do get ripped off, get yourself a job presenting a TV program like Watch-Dog and you'll soon get your money back.

It's actually not bad financial advice except that they didn't explain that she was rich to start with. £30K starting salary for a media graduate around 1997 was shxt load of money, even by BBC’s standard. And with BBC’s no-sense salary raise following the years, she would have been on £50k minimum by 2000/2001. Average properties price were around £100k then.

If you have a lot of cash to spare like her, then, yes properties are not a bad investment.

But it’s a completely different story, if you are a real person who needs massive mortgage, as you are priced out because there are 5 buy to lets on your street that push up the rent as well as house price.

The simple fact is that, whether you like it or not, it does make sense for rich people to buy properties. And that’s why rich people buy properties.

VIs have been trying for years to pretend that it’s the same for average people. They always omit explain the fact the DEBT change the risk of the whole game. That’s bit like advising average people that because rich people drive expensive cars and dine in 3 star Michelin restaurants, everyone else should do the same.

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It's actually not bad financial advice except that they didn't explain that she was rich to start with. £30K starting salary for a media graduate around 1997 was shxt load of money, even by BBC's standard. And with BBC's no-sense salary raise following the years, she would have been on £50k minimum by 2000/2001. Average properties price were around £100k then.

If you have a lot of cash to spare like her, then, yes properties are not a bad investment.

But it's a completely different story, if you are a real person who needs massive mortgage, as you are priced out because there are 5 buy to lets on your street that push up the rent as well as house price.

The simple fact is that, whether you like it or not, it does make sense for rich people to buy properties. And that's why rich people buy properties.

VIs have been trying for years to pretend that it's the same for average people. They always omit explain the fact the DEBT change the risk of the whole game. That's bit like advising average people that because rich people drive expensive cars and dine in 3 star Michelin restaurants, everyone else should do the same.

Also celebs go into property because their main stream of income is decidedly risky.

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60%-70% of those in the public eye interviewed for the Fame and Fortune feature in The Telegraph over the last couple of years are multiple property owners.

The feature interviews people from every walk of life. The only qualification is that they are publicly known.

It seems unarguable that the great majority of people have an unshakeable faith that property guarantees a secure retirement.

Irrespective of any evidence to the contrary..

Sad but true.

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If you have a lot of cash to spare like her, then, yes properties are not a bad investment.

they confer tax advantages, however I bet she is not smart enough to exploit them, in which case she is another mug

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It seems unarguable that the great majority of people have an unshakeable faith that property guarantees a secure retirement.

well this is another indicator that it will be a bad investment over the coming decades, reversion to the mean

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Sir Stirling Moss is on the back page of the money section of the Sunday Times today - he has 43 BTLs across London 'within a scooter ride of his £15m home in Mayfair'

Values it at £5m, £200k rent roll yet says he is ready to buy some more now that yields are close to his 8% target yield

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Values it at £5m, £200k rent roll yet says he is ready to buy some more now that yields are close to his 8% target yield

that's a contradiction in numbers!

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I wonder if she's busy preparing to exit her position to realise her fantastic gains? Or perhaps she's hoping that the forthcoming financial breakdown will result in the re-monetization of property and a new Rentensterling standard?

If she wasn't so damn hot with a physiologically improbable rack, I'd say she's an odious little bitch that deserves to lose every penny. I love how banking 'goes against her values' but rent-seeking at the expense of your fellow human being in need of shelter is apparently just savvy investment.

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Telegraph Money

Interesting Advice:

1. Buy property instead of a Pension. If the market rises you make a "tidy profit"

2. Don't buy with a friend. Or at least not one who runs off without paying the bills.

3. Don't get ripped off by a letting agent.

4. If you do get ripped off, get yourself a job presenting a TV program like Watch-Dog and you'll soon get your money back.

This pretty much the attitude I'd expect from a BBC presenter and the reason why the BBC is so pro HPI, they're all up to their eyes in mortgage debt ;).

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Sir Stirling Moss is on the back page of the money section of the Sunday Times today - he has 43 BTLs across London 'within a scooter ride of his £15m home in Mayfair'

Values it at £5m, £200k rent roll yet says he is ready to buy some more now that yields are close to his 8% target yield

They must have got the rent wrong. £200k averaged over 43 properties is around £4600 per property. I pay more than that 150 miles north of London.

Or is it £200k per month? :blink:

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My extra property is my pension. The rental income covers the mortgage and hopefully the property market will recover soon, such that when I sell I'll have made a tidy profit.

The way I read that:

A) The rent just covers an interest-only mortgage.

B) She is in negative equity.

Doesn't sound like much of a savvy pension plan to me. IF the rent keeps coming in and IF interest rates don't go up sharply and IF the property market recovers soon she'll make a profit. Wow. Glad she shared her financial wisdom.

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The way I read that:

A) The rent just covers an interest-only mortgage.

B) She is in negative equity.

Doesn't sound like much of a savvy pension plan to me. IF the rent keeps coming in and IF interest rates don't go up sharply and IF the property market recovers soon she'll make a profit. Wow. Glad she shared her financial wisdom.

She will burn in the hell if she has entered into a usurious relationship with the banks. Good Muslims don't do that!

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The way I read that:

A) The rent just covers an interest-only mortgage.

B) She is in negative equity.

Doesn't sound like much of a savvy pension plan to me. IF the rent keeps coming in and IF interest rates don't go up sharply and IF the property market recovers soon she'll make a profit. Wow. Glad she shared her financial wisdom.

I think you are absolutely spot on there about the interest-only mortgage and her being in negative equity.

There are a lot of ifs. Not to mention, no voids, no repair bills.

Edited by Take Me Back To London!

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Wikipedia:

Early life

Huq was born in Hammersmith, London, to Bangladeshi parents who had immigrated to England in the 1960s.[1][2][3] She grew up in Ealing, London, with her two sisters, Rupa and Nutun. She was educated at the independent Notting Hill & Ealing High School in London obtaining 9 GCSEs (of which 8 were grade A and 1 grade B) and A-levels in physics, maths and chemistry. She also appeared on the TV gameshow Blockbusters. At Robinson College, Cambridge she obtained a 2:1 in Economics.[1]

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Wikipedia:

Early life

Huq was born in Hammersmith, London, to Bangladeshi parents who had immigrated to England in the 1960s.[1][2][3] She grew up in Ealing, London, with her two sisters, Rupa and Nutun. She was educated at the independent Notting Hill & Ealing High School in London obtaining 9 GCSEs (of which 8 were grade A and 1 grade B) and A-levels in physics, maths and chemistry. She also appeared on the TV gameshow Blockbusters. At Robinson College, Cambridge she obtained a 2:1 in Economics.[1]

Feck! She has got an economics degree.

DO YOU INVEST IN STOCKS AND SHARES?

My parents persuaded me to buy stocks and shares in the Eighties when Margaret Thatcher was on a privatisation spree – I think they were British Gas and British Telecom. I've no idea how much they cost or what they are worth. Every so often I get cheques for about £20.

Edited by Take Me Back To London!

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Feck! She has got an economics degree.

there was a critique into the state of economics undergraduate degrees in one of Roger Bootle's Sunday columns in the Telegraph - he basically said they were all about maths and the only useful economics degrees people do, with respect to the wider applied nature of the subject, was economic history - which is grossly undertaught otherwise, ie bubbles and herd behaviour

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there was a critique into the state of economics undergraduate degrees in one of Roger Bootle's Sunday columns in the Telegraph - he basically said they were all about maths and the only useful economics degrees people do, with respect to the wider applied nature of the subject, was economic history - which is grossly undertaught otherwise, ie bubbles and herd behaviour

Many people are wasting years of their lives gaining qualifications in worthlessness.

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the basically said they were all about maths

He wishes! There's not that much maths in an economics degree.

Its all be vague theories that sort of sound right but don't really pan out in real life.

Then you get a professional economist. These split into two camps:

1) Paid liars, who'll work for a bank - think FFiiiona whaternames ex Nationwide

2) Academics, who tend to have spent 20 years on a very narrow subject and spend their life trying shoe horn reality to fit their theory.

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you know she is married to charlie brooker?

charliebrooker.jpg

What caused you to decide to mention that Konnie Huq is married to Charlie Brooker?

I guess it's not without interest, but I just wondered what the relevance is?

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What caused you to decide to mention that Konnie Huq is married to Charlie Brooker?

I guess it's not without interest, but I just wondered what the relevance is?

Perhaps that he's another of those smug, self-obsessed, absurdly egocentric, annoying, holier-than-thou know-it-all champagne-socialist-yet-petit- bourgeois hypocrites. A real Blairite ****-sucker. One that backs up their oh-so-deeply-held left-wing convictions by profiteering off the backs of the proletariat along with the rest of the rentier classes with too much access to cheeap credit. I will be particularly amused when I read of their bankruptcy. And as for the Blue Peter presenter, well, obviously GCSEs, A-levels and Cambridge economics degrees aren't what they used to be. She doesn't seem to exhibit much intelligence, particularly with reference to her choice of retirement provision contrasted with her comments towards the idiot bankers.

EDIT: PS. Brooker's "Dead Set" really sucked balls, too.

Edited by THEBIGMAN

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Or it cud just be that charlie's a kunt n not a looker- he must have a stash of cash or a third leg

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  • 284 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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