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guitarman001

Property Developer?

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Girlfriend was just watching 'A Place in the Sun' (likely a repeat) and this old couple (are there ever any young couples!!) had £350k to spend on a HOLIDAY home! Finally it comes out that they're property developers - looked online and it says in peak times you could earn £100k+. If there's ever another boom then scr@w it, I'm going to get into that! Also see this link, HPC is linked:

http://www.myjobsearch.com/careers/property-developer.html

EDIT: OK so I'm not really going to do this. Just hacked off with wealthy old g!ts with more than half a million pounds which is astronomical, smiling on tv when I'm living like a bl00dy miser.

Edited by guitarman001

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You have to be good at developing to do it in a normal non booming Market. Many people have only made money purely because the Market was rising. watch Sarah Beeny.

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Girlfriend was just watching 'A Place in the Sun' (likely a repeat) and this old couple (are there ever any young couples!!) had £350k to spend on a HOLIDAY home! Finally it comes out that they're property developers - looked online and it says in peak times you could earn £100k+. If there's ever another boom then scr@w it, I'm going to get into that! Also see this link, HPC is linked:

http://www.myjobsearch.com/careers/property-developer.html

EDIT: OK so I'm not really going to do this. Just hacked off with wealthy old g!ts with more than half a million pounds which is astronomical, smiling on tv when I'm living like a bl00dy miser.

'£350k to spend on a HOLIDAY home!' So that's what he has after all his debts are paid off, is it? I doubt it somehow.

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had £350k of money borrowed from other people to spend on a HOLIDAY home!

Still happy with those savings in the bank?

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You have to be good at developing to do it in a normal non booming Market. Many people have only made money purely because the Market was rising. watch Sarah Beeny.

Yep, I know someone who liked to think themselves (and tell everyone about it) how they were such a sucessfull property developer.

Much to my entertainment they seem to have come unstuck on their latest property. It has been on the market coming up 8 months now and not had so much as a phone enquiry despite knocking about 80K off the asking price.

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Girlfriend was just watching 'A Place in the Sun' (likely a repeat) and this old couple (are there ever any young couples!!) had £350k to spend on a HOLIDAY home! Finally it comes out that they're property developers - looked online and it says in peak times you could earn £100k+. If there's ever another boom then scr@w it, I'm going to get into that! Also see this link, HPC is linked:

http://www.myjobsearch.com/careers/property-developer.html

EDIT: OK so I'm not really going to do this. Just hacked off with wealthy old g!ts with more than half a million pounds which is astronomical, smiling on tv when I'm living like a bl00dy miser.

Don't watch it. I happened to see a bit of it - more overweight hypertensive boomers falking about with property speculation just because they're born at the right time and held on to the coat tails of the boom. I repeat don't watch this glorified property porn!

On the otherside; Did you see the Antiques Road Show with the silver 700 ounce model of Blackpool tower? It was 4 foot high and valued at over £100K! Ramp over.

Edited by Money Spinner

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Don't watch it. I happened to see a bit of it - more overweight hypertensive boomers falking about with property speculation just because they're born at the right time and held on to the coat tails of the boom. I repeat don't watch this glorified property porn!

On the otherside; Did you see the Antiques Road Show with the silver 700 ounce model of Blackpool tower? It was 4 foot high and valued at over £100K! Ramp over.

Not quite a valuation.... The chap said to gather the raw materials and commission another to be made would cost over £100,000.

Don't mean the existing one is worth that!!

Very focused market that sort of thing who would likely buy it?

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I get the feeling from people on that show that they are just dreaming, and never buy.

My feeling is that the "contestants" have a friend of a friend in C4 or the production company and they get a free holiday.

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You have to be good at developing to do it in a normal non booming Market. Many people have only made money purely because the Market was rising. watch Sarah Beeny.

True

A developer is someone who can buy a property in a normal market improve it and make a profit fron those improvements, not someone who makes a profit purely due to silly house price inflation which was the case over the last boom.

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You have to be good at developing to do it in a normal non booming Market. Many people have only made money purely because the Market was rising. watch Sarah Beeny.

Yes and you also need to have a good grounding in the regulations and the way the market is moving: where the demand is. Developers make money from things like converting big old houses into flats (where there is a demand for them) and that requires planning permission, building regs, etc as well as a knowledge of what types of flat people are looking for. The people on Beeney's show tended to buy drab old houses, knock a wall through, paint it, put twigs in a vase, and sell it on. They nearly always lost money on the development side, and only got it back because the market had risen while they were carrying out the work. I suspect many of them have hit serious problems over the last 5 years, especially those who went into it full time.

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  • 285 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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