Monday, October 18, 2010

Free copy for Paragon…

House price dip good news for buy-to-let

I didn't have the Indy down as a property ramper but, there you go. Particularly liked the 'case study' (which i'm sure is 100% factual) below the article. As soon as I saw the opening paragraph, I thought; we haven't bloody learned have we? "This time last year, Dean Warner knew nothing about buy-to-let. Today he owns seven properties all in Hull city centre."

Posted by sibley's b'stard child @ 01:07 PM (926 views)
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2 thoughts on “Free copy for Paragon…

  • This is a re-hash of a feature on Channel 4 news the other day – basically the same story in Jesmond, Newcastle. Lots of small houses, loads of students and no first time buyers who can afford a deposit. Lets hope the universities don’t go down the pan when they start charging more realistic tuition fees.

    What puzzles me is where a new BTL investor gets a 25% deposit for 7 houses?

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  • smart move to buy in hull….NOT!

    bankruptcy looms for this guy…..when the real world existed in 1990’s you were advised to only expect 10 months rent out of 12 taking into account gaps and expenses….that was the maximum!

    More I think about this the more people have become delusional…….after these sort of rallies there follows 15-20 year bear markets

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