guitarman001 Posted July 31, 2011 Share Posted July 31, 2011 (edited) 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 July 31, 2011 by guitarman001 Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 31, 2011 Share Posted July 31, 2011 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. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted July 31, 2011 Share Posted July 31, 2011 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. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted July 31, 2011 Share Posted July 31, 2011 had £350k of money borrowed from other people to spend on a HOLIDAY home! Still happy with those savings in the bank? Quote Link to comment Share on other sites More sharing options...
lulu Posted July 31, 2011 Share Posted July 31, 2011 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. Quote Link to comment Share on other sites More sharing options...
200p Posted August 1, 2011 Share Posted August 1, 2011 (edited) 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 August 1, 2011 by Money Spinner Quote Link to comment Share on other sites More sharing options...
Tonkers Posted August 1, 2011 Share Posted August 1, 2011 I get the feeling from people on that show that they are just dreaming, and never buy. Quote Link to comment Share on other sites More sharing options...
geezer466 Posted August 1, 2011 Share Posted August 1, 2011 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? Quote Link to comment Share on other sites More sharing options...
profitofdoom Posted August 1, 2011 Share Posted August 1, 2011 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. Quote Link to comment Share on other sites More sharing options...
awaytogo Posted August 1, 2011 Share Posted August 1, 2011 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. Quote Link to comment Share on other sites More sharing options...
LiveAndLetBuy Posted August 1, 2011 Share Posted August 1, 2011 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. Quote Link to comment Share on other sites More sharing options...
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