Wednesday, Oct 04, 2006

Just Split Your Sides Reading This Rubbish !!!

BBC - Business: Buy a house for your student child?

Buy a house for your student child?
Are you considering buying a house for your children to live in while at university?

Posted by nearly30 @ 11:14 PM (473 views)
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8 Comments

1. nearly30 said...

Wot total rot - maybe 10 years ago - talk about giving the bubble more hot air!!!!

I could go on but I won't!!

Wednesday, October 4, 2006 11:19PM Report Comment
 

2. P. Doff said...

This is very popular in my area and is certainly fuelling BTL. Student rents are 50 to 65 per week per room here, so a 3 bed terraced house with 2 living rooms can accommodate four students and generate 1100+ per month (during term). There is usually a lower retainer during summer holidays.

If your child is one of the occupiers then the income is reduced accordingly (but this is negated by the savings on the rent that would otherwise have to be paid). Having your child as an occupier also gives a degree of control, so the house may not be quite as trashed when the other students depart.

I have to say it makes sense to me.

Wednesday, October 4, 2006 11:58PM Report Comment
 

3. Mattsta said...

Aimed at the upper middle class Notting Hill set I think. But the BBC and the media only only pander to these people now anyway. Tuscan villas and Prada handbag brigade stuff. Pathetic really.

Thursday, October 5, 2006 08:35AM Report Comment
 

4. The Baldman said...

Do not forget the multipule occupancy restrictions. The rent yields after expenses is not high without capital growth.

Thursday, October 5, 2006 11:46AM Report Comment
 

5. indiablue19 said...

Yes, and I'm also planning to buy a Ferrari for my dog.

Thursday, October 5, 2006 01:51PM Report Comment
 

6. inbreda said...

Students?

B*******ds.

Accomodation?

Sack of sh**e.

Thursday, October 5, 2006 03:44PM Report Comment
 

7. bidin'matime said...

We considered this back in 2000 or whenever, when our son went to uni - of course, with hindsight it would have made a great investment, but not now of course. But the reason we didnt do it was we didnt want him to have the responsibility for the place - there's enough to worry about, without the leaking roof or the heating going on the blink. And what could be worse than being your university house-mates' landlord?!

Thursday, October 5, 2006 05:35PM Report Comment
 

8. Cstanhope707 said...

What a "Hoot" can't wait for the little kiddies to start growing the weed plants in mummy and daddies little flat. Actually I endured watching one of those property pawn shows once and the parent was looking for a flat in London for her child who was studying drama (Future Key Worker). The little "brat" was upset about the colour of the kitchen, came very very close to throwing a brick through my TV.

When HPC comes it is going to be so funny when daddy has to sell up and they have to come down to earth with a bang,, "Mummy I thought I could get a flat in London for about 50 a week....

indiablue19 you should buy that Ferrari for your dog, it would be a wiser investment. But make sure it is environmentally friendly!!!!

Thursday, October 5, 2006 05:38PM Report Comment
 

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