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cupidstunt

Exchanged Contracts Tuesday - Complete Next Tues

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I've put my money where my mouth is. Sold my place for 5% disc on asking price (which was also dropped 6 months ago) and will be homeless next week. Staying in a Hotel for a couple of weeks whilst finding a suitable Rental property. With the money I've got in the Bank I can rent a nice place and still have £300 a month interest on top! Why buy a place at the moment when you can do this? It's got to be sheer madness! I'm waiting for a 20% markdown then, I may? think about re-entering the market. :rolleyes:

Edited by cupidstunt

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I've put my money where my mouth is. Sold my place for 5% disc on asking price (which was also dropped 6 months ago) and will be homeless next week. Staying in a Hotel for a couple of weeks whilst finding a suitable Rental property. With the money I've got in the Bank I can rent a nice place and still have £300 a month interest on top! Why buy a place at the moment when you can do this? It's got to be sheer madness! I'm waiting for a 20% markdown then, I may? think about re-entering the market. :rolleyes:

Smart move that I am sure you will not regret - be sure that you also make a discounted offer on the rent as well.

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Out of curiosity what arrangements have you made for storing your stuff - at friends or storage place or left it for buyers? It's one of the things anyone has to consider when STRing.

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  • 341 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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