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Million Pound Properties Ch4

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Anyone catch this tonight? Snakes alive! Real insight into how deluded people are. Couple can't sell the property can't pay the mortgage despite the mortgage being for less than half the amount the house is advertised at!

The 2 bed high rise flat on at 1 million.

Not sure whether to laugh or cry. I get the feeling we will watch re-runs of these kind of programmes in years to come and wonder how everyone didn't see the crash on the horizon.

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Anyone catch this tonight? Snakes alive! Real insight into how deluded people are. Couple can't sell the property can't pay the mortgage despite the mortgage being for less than half the amount the house is advertised at!

The 2 bed high rise flat on at 1 million.

Not sure whether to laugh or cry. I get the feeling we will watch re-runs of these kind of programmes in years to come and wonder how everyone didn't see the crash on the horizon.

Thing is exactly this was said in 2007. Exactly the same sort of programmes on then.

We haven't got to the point yet of looking back at these and thinking what the actual ****** were people thinking. Instead we have just decided to show repeats - in real life - and extend it a little further.

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The 'BMV' you have 30 seconds to sell your 'investment' pitch seminar was really yet another clear sign of the very top.

The young 'property investor' who had come up with some overpriced ex council house he thought he could get for '20% BMV' - but as he had no money had 30 seconds to sell it to a room if 'investors' in order to actually do it.

Failed of course. Wonder how much the bloke running these seminars charges. Bet he is doing well.

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I watched the Scottish stately home, the stripper pole and then the deluded mad woman buying a boat.

Insane.

Ah the old burd. You see her smug face when telling everyone she bought her house for 'only' £350k in 1985 and now it's worth £4.4 million - "Not bad going eh"

These people actually think they have done something amazing. All they have done is pay a mortgage every month and get very lucky.

And then she told us she was wanting to downsize and was 'staggered' to see how 'little you get for £1.1 million these days'

******ing hell - put 2+2 together ya stupid bint !!!

As an aside - anyone buying a house for £350k in 1985 wpuld have to be the equivalent of a millionaire today. Shes clearly always been minted anyway.

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If you had invested £350k in Scottish Mortgage in 1985, it would be worth ten million today, and not costing you maintenance but rather yielding £150k/year income.

That's how rich £350k in 1985 implies. Free of any effort.

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Hells teeth - someone would have to pay me to take that flat! Every time I see something like this I think 1 ) Surely this can't go on much longer (but for some reason, it does) and 2 ) this is going to end in a cataclysmic meltdown of property prices, esp. in London.

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If you had invested £350k in Scottish Mortgage in 1985, it would be worth ten million today, and not costing you maintenance but rather yielding £150k/year income.

That's how rich £350k in 1985 implies. Free of any effort.

Whoops, that was an underestimate: it's actually just over eleven million today. And it's only 15th-best-performing IT: the best of all would've grown to more than 16 million.

Link spotted in another forum :)

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It's going to be 'multi-million pound properties' in the coming week. Take your blood pressure medicine now HPCers.

The woman with the stripper pole on this week has been on at least two similar programmes in recent years. The husband must like being shown to be a mug on national TV.

The castle/stately home always seems nice provided you can afford the £100k(s) a year in maintenance and heating.

Still thinking about trust fund girl, her boat race wasn't the best but good norks. I probably would.

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Average UK house in 1985 was about £35,000 and now it's a crazy £195,000 (HPC Nationwide) - about 6 times.

So the £4.4 million seems a bit out for a £350,000 house even allowing for more than crazy exaggerated valuations.

Of course if it's valued for rich overseas buyers setting the price with money to squander then anything is possible.

Edited by billybong

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