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Diary Of A Property Investor

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Bless him..

Houses in my town halved last time..

A property went up to £80,000 and dropped down to just over £40,000

I have been offered a property 20% cheaper then they were marketed for last year.. new build.. the same property..

and this is already... he says it will never happen..

the drop he scoffs at has already in my area...

Its when an investor or expert is standing to loose their shirt.. but still twists the figures.. to suit their argument..

the only figures that should worry people are the figures against your mortgage..

Its happened already prat.

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This weekend I was asked by the PR person for the Wealth Creation Conference

I got part way through the first sentence, already sounds like the financial verision of the Moonies. :lol:

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Guest Bart of Darkness

Denial stage.

Sounds more like he's trying to convince himself.

Still, time will reveal all I guess.

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How can people wright this rubbish, he totally disregards inflation!

"You really are an extraordinarily stupid man!"- Indeed!

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In the last crash I remember people just like him making similarly optimistic (desperate?) statements.

Shortly afterwards they were bankrupt, sapped by rising IRs, rental voids, collapsing prices and DEBT.

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diary of a property investor.

excerts:

tues.

got up at 8am. had a light breakfast of 2 boiled eggs and bread and butter. had to cut my own soldiers.

went to see about a new terrace property. it was £220k. i looked through windows and thought this was a winner. went back home to check my BTL conference booklet about good property.

wed:

went to barclays. arranged a £220k loan for the terrace. easy. signed there and then.

went over to surveyors. he was out. i posted the details and £50.

thurs:

got keys to new prop. went to B&Q and got some white carpet for lounge.

fri:

went to B&Q. got some magnolia paint.

sat:

day off playing online casinos and sitting in my mums old house drinking and wishing i was dead.

sun:

golf with the guys from the local EAs.

mon:

back to work. house is now ready. placed ad in local paper.

'Fantastic 2 bed house to rent in oxford. £890 pcm. stunning white carpet. no pets no kids no smokers no living. deposit £1200. arrangement fee. £650.' call the property store. 07990 283373

tues:

quiet

wed:

quiet

thurs:

quiet

fri:

quiet.

sat:

winning over $75 online. wowsers !!.

sun:

guys didnt want to play golf anymore.

mon:

quiet. no takers yet.

tues:

quiet.

wed:

quiet

thurs:

quiet

fri:

barclays called twice today.

Edited by right_freds_dead

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Maybe I should have called it "Chronicle of a property investor's financial death foretold." We all know it's inevitable. Hopefully he'll carry on blogging right to the very end and provide us with a perfect case study :D

Edited by Swipe

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And to put it all in perspective a choice quote:

"Did you know that according to the Office of the Deputy Prime Ministers website (which Capital Economics continually cite in their statistics) since 1970 the housing market has only fallen annually 4 times. In 1990 it fell 1.3%, 1991 it fell 1.4%, 1992 it fell 3.8% & 1993 it fell 2.5%. Even in those appalling times for the property market, with those disastrous interest rates, the property market as a whole fell at its worst by 3.8% in one year. "

Orwell was right, compliance to the idea is what allows big brother to operate (that and phoney wars in far off places)

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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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