Thursday, August 4, 2011

Revulsion plans

Use of reversion plans for house purchase rising

So, oldies sell their house or part of it for 30-60 per cent of what's it's worth, to buy something at 100 per cent what it's allegedly worth... and the middlemen pick up the difference. Most grave diggers I've read about at least had the honesty to wait until the bodies had gone cold. Desperate times, desperate men.

Posted by stuartking @ 11:48 PM (3709 views)
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One thought on “Revulsion plans

  • Basically, what their saying is your home is probably only worth around 60 per cent of what you think it is, plus their margin. Hardly a great endorsement for current prices!

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