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How To Be A Property Developer

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The tagline is:

"Will it be as easy as they think to make a quick profit, or will they make some costly mistakes along the way?"

Sounds like we're in for a good night's entertainment :lol:

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Ch5 8pm tonight apparently.

I have heard of scheduling hiccups before but isnt this programme 4 years too late? :lol::lol::lol::lol:

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Victorian house has "just" come up on market in Bristol.... Funny that is was empty!

Another stupid program with no relevance to the real world! Bet they make 20k profit each.

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Victorian house has "just" come up on market in Bristol.... Funny that is was empty!

Another stupid program with no relevance to the real world! Bet they make 20k profit each.

I wouldn't imagine a 20K loss is out of the question for those two women. Talk about clueless and it's only been on for 10 minutes

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I think its a little like porn, after a while it just becomes boring and people need more extreme situations for the same original fix.

This programme is just shooting itself in the foot. Because it is now showing how difficult it is to make money in such a market.

The bloke who compares is the kind of hard basket that would make money in any industry IMHO. The rest are just clueless muppets.

I feel sorry for anyone who goes on these programmes because they really don't know that the editors hold all the cards. Whats to stop the compare recording two different talkovers and selecting the correct one when the story is all over.

I certainly get the feeling Sarah Beeny does this. The EAs always point out the exact things she has said in the voiceover from the beginning. HMMMM

She always looks like the expert at the end, and gets another series! I like her, but she never ever gets it wrong.

The truth is that people will end up being financially ruined, yet the progamme makers are in for one nights entertainment only. :angry:

The first developers said that they will be millionaires from property in 5 years, despite the fact they have no experience.

I suspect its more likely they will be bankrupt in less time.

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Thankfully I cannot reciveve UK TV, so I don't have to suffer

thse shows (except when visiting family and friends)

.

However, the deception is that the property gain is

due to the improvemnet, rather than a windfall rise

in the value of the land.

If you take a 10 year old Ford Mondeo, respray it, and add

Carlos Fandango wide Wheels,

would you expect to add 20% to its market value?

(maybe if metal was in very short supply, but in that case, it

is due to the rise in the value of metal, nit the 'improvments').

They are selling a pack of lies

ABB

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Thankfully I cannot reciveve UK TV, so I don't have to suffer

thse shows (except when visiting family and friends)

.

However, the deception is that the property gain is

due to the improvemnet, rather than a windfall rise

in the value of the land.

If you take a 10 year old Ford Mondeo, respray it, and add

Carlos Fandango wide Wheels,

would you expect to add 20% to its market value?

(maybe if metal was in very short supply, but in that case, it

is due to the rise in the value of metal, nit the 'improvments').

They are selling a pack of lies

ABB

I didn't see the show but:

If a small time car dealer buys a 5 year old Mondeo he does this because he knows can sell it at a profit to a punter.

Cars depreciate faster than houses yet plenty of people make money from buying/selling used cars.

The used car market is proof you can make money in a falling market. When do used cars ever go up in value?

No need for resprays or tacky wheels...

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He starts the show by saying (paraphrasing) "I believe there's never been a better time to get into property....."

How can he possibly say that? Five years ago would have been a better time to buy.

NDL

Indeed!,

That just Shows the level of his "Expertise"

"How To become a BankruptinoneEASYLesson Developer"

Edited by A Fool & His Borrowed Money

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There's been an outbreak of 'car dealers make money in a falling market so why cant developers?' on this site. How about;

1) 5 year old mundainos cost 3k, average house 180k

2) Much greater cost associated with buying and selling houses. A car sits on the forecourt interest on the outstanding purchase for the dealer is low (if any as the stock is far cheaper), transaction costs are minimal, not so with houses.

In the last recession how many second hand car dealers went bust, not many. In fact business boomed. Everyone had to swap into a pug 206 because the 911 had to go back.

How many property developers went bust, lots and lots.

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There's been an outbreak of 'car dealers make money in a falling market so why cant developers?' on this site. How about;

1) 5 year old mundainos cost 3k, average house 180k

2) Much greater cost associated with buying and selling houses. A car sits on the forecourt interest on the outstanding purchase for the dealer is low (if any as the stock is far cheaper), transaction costs are minimal, not so with houses.

In the last recession how many second hand car dealers went bust, not many. In fact business boomed. Everyone had to swap into a pug 206 because the 911 had to go back.

How many property developers went bust, lots and lots.

But used car dealers need to sell quickly to make a profit, otherwise capital is tied up on the forecourt.

If the used car prices are falling (like house prices :) ) then he needs to sell each car on quickly otherwise the BMV he paid for the car quickly becomes more than he can sell it for.

Its the same in any market. Sale price must be greater than purchase price + costs +profits.

In any falling market it becomes far more risky, be it houses, cars, gold... anything.

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But used car dealers need to sell quickly to make a profit, otherwise capital is tied up on the forecourt.

If the used car prices are falling (like house prices :) ) then he needs to sell each car on quickly otherwise the BMV he paid for the car quickly becomes more than he can sell it for.

Its the same in any market. Sale price must be greater than purchase price + costs +profits.

In any falling market it becomes far more risky, be it houses, cars, gold... anything.

It's actually easier to pick up a bargain when the housing market is static as, in general anyway, only the better properties sell in that situation - whilst those requiring work to put them in to the saleable catagory have to be reduced in price to make a purchase worth while for the semi-professional developer or amateur DIY owner.

During the boom times, as we've seen recently, the tat sells just as well as the quality but as the market returns to a more normal state that, I believe, will change.

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There's been an outbreak of 'car dealers make money in a falling market so why cant developers?' on this site. How about;

1) 5 year old mundainos cost 3k, average house 180k

2) Much greater cost associated with buying and selling houses. A car sits on the forecourt interest on the outstanding purchase for the dealer is low (if any as the stock is far cheaper), transaction costs are minimal, not so with houses.

In the last recession how many second hand car dealers went bust, not many. In fact business boomed. Everyone had to swap into a pug 206 because the 911 had to go back.

How many property developers went bust, lots and lots.

I`d agree with just about all of that except there were many dealers that, whilst they did not go bust, they simply gave the job up. Customers were very scarce in the last recession :(

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I`d agree with just about all of that except there were many dealers that, whilst they did not go bust, they simply gave the job up. Customers were very scarce in the last recession :(

Not true in my experience. During the early 90's I made a living selling <£1000 motors.

Over the weekends it was not uncommon to get 20+ calls for a car advertised in the Auto Trader.

The main problem was buying stock, there was so much competition.

I used to bid on spec at some auctions without even looking at the car. If it turned out to be a dog I'd either put it through again or sell it on private, I never lost out. I was even buying from some mainly trade auctions and selling at the local punters auction, I didn't even bother to clean them.

December auctions were always good, get rid for Xmas time, loads of bargains.

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Not true in my experience. During the early 90's I made a living selling <£1000 motors.

Over the weekends it was not uncommon to get 20+ calls for a car advertised in the Auto Trader.

The main problem was buying stock, there was so much competition.

I used to bid on spec at some auctions without even looking at the car. If it turned out to be a dog I'd either put it through again or sell it on private, I never lost out. I was even buying from some mainly trade auctions and selling at the local punters auction, I didn't even bother to clean them.

December auctions were always good, get rid for Xmas time, loads of bargains.

Dom, one of my business interests lies in selling cars below 4K, in the last recession it was cars below 2K. I have a freephone number to buy in cars which pre Xmas was going ballistic with calls. I`m just about to take on a substantial pitch on the Wirral specifically geared to take advantage of the cheaper end of the market, you and I would term it double your money cars. However, there was a contraction in dealers where I lived during the early 90`s, Ilford/Essex. You and I both know most car dealers/traders are too bright to simply go bust, I had a lot of contacts that gave the job up, retired, or moved on B)

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  • 302 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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