Sunday, October 5, 2008

It’s going a bit timeshareish

Thousands hit as 'buy to let' firm goes bust

The property company at the heart of the buy-to-let boom has collapsed because of the credit crunch.

Posted by sosoon @ 08:59 AM (587 views)
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3 thoughts on “It’s going a bit timeshareish

  • But…… but…… but……. I received letters from Inside Track, as recent as early this year telling me that I could make money out of property, even during a downturn. What a shame I didn`t take advantage of going to one of their seminars, as I`d now be on my way to wealth and riches I`d never dreamed of ! *

    At least one person will be happy to see the end of their business – my postman. He`ll no longer have to deliver the letters and brochures from Inside Track, that encouraged me to take large, risky investments, despite their new build discounts and “expert” advice.

    * Maybe.

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  • Can’t say I have sympathy for Janet. By 2004 the market was going up in leaps and bounds. Didn’t anyone tell her what goes up sometimes comes down.

    I must confess that I like the idea of sitting on my backside collecting money. However I’m suspicious of the schemes that require a large up front “training” payment. Janet wasn’t!

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  • “Mr Moore, who lives in Marbella, first came to prominence in the late Eighties for his role in L’Arome, a pyramid-selling perfume company.”

    You couldn’t make this stuff up. I wonder how many of his investors knew about his past?

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