House Renting & Capitol Gains
Discussion
FUBAR said:
alfaman said:
[
A lot of the property dev. stuff on TV suggests 15% - 20 % development margin is achievable ......seems optimistic to me .
A lot of the property dev. stuff on TV suggests 15% - 20 % development margin is achievable ......seems optimistic to me .
Most of what they show on those programs is complete tosh a lot of the time. And to make it worse, the odd presenter who actually seems to know what they are talking about get ignored by the peeps they are trying to help
too true
- the exceptionally dim / batty woman on last night spent £75k and 5 years developing a house into a freakishly niche design ..... the £75k added £35k to the value ..... about a 10 % or £40k loss on development then. Edited by alfaman on Thursday 20th July 15:40
Oakey said:
With the current prices being as ridiculous as they are, would it possibly be cheaper to build your own house especially when seeing what GetCarters achieved.
There is a saying within the industry....
'Fools build and wise men buy'
There is, of course, exceptions to this rule...especially large scale builds.
FUBAR said:
Oakey said:
With the current prices being as ridiculous as they are, would it possibly be cheaper to build your own house especially when seeing what GetCarters achieved.
There is a saying within the industry....
'Fools build and wise men buy'
There is, of course, exceptions to this rule...especially large scale builds.
That sounds like a crap saying
2 bed 'Penthouse' apartment (read; shoebox) overlooking the Irish Sea for £350k... or GetCarters Highland Build? Hmm, tough choice
The self build market is starting to get as crowded as the Buy To Let market. Individuals competing with developers for plots (or old shite houses to knock down) that they "don't" have to make a profit on because it will be their home and so they push prices up. But then most estate agents are in with developers as they sell them the land (and make a commission) and then sell the finished house (and make a commission)so it is very difficult for self builders to get in on the act in the first place.
Not impossible, but not easy!!!
Not impossible, but not easy!!!
anonymous said:
[redacted]
It tends to be that people who don't say whether they are making, probably are and those who tell the world just how much money they are up, probably are not....
Subject to that and for my part, it's a trawl finding the properties that I want to buy that I think offer a return - sure there are lots of good deals out there, but there's also a lot of bad ones - it's easy to make money in an upmarket, a lot harder in a stagnant or falling one (which is where most of the country seems to be teetering right now).....
Tonker, what do you think the future holds? Can the house market continue as it is now or will we finally hit the ceiling and get to the point where houses are far far more expensive than what your average person earns and thus end up with a) a lot of vacant properties that won't sell b) people having no choice but to rent c) it all comes crashing down?
Crystal Ball time.
How can ANYONE know what is going to happen?
Making money from any sort of investments is often down to sheer luck - being in a position to invest at the right time. Usually, those who get in and out early in any sort of investment boom are the ones who do well. Once the masses get onto the bandwagon, the real profits are over. Certainly by the time the TV programme makers cotton on to something, commission a TV series, produce, make and then show it, the bubble may already be on the wane.
How can ANYONE know what is going to happen?
Making money from any sort of investments is often down to sheer luck - being in a position to invest at the right time. Usually, those who get in and out early in any sort of investment boom are the ones who do well. Once the masses get onto the bandwagon, the real profits are over. Certainly by the time the TV programme makers cotton on to something, commission a TV series, produce, make and then show it, the bubble may already be on the wane.
FUBAR said:
maxed said:
All these property experts. But are any of you making any real money on it?
Gaddamit...I knew there was something wrong somewhere
Hey, stop telling all these "wannab property get rich quick but unlikely to get their arses off the ground" the key to success or I will be up the financial creek without a friggin paddle
x 2 If they want to succeed they won't be on here wasting time & money but out searching & researching
Eric Mc said:
Crystal Ball time.
How can ANYONE know what is going to happen?
Making money from any sort of investments is often down to sheer luck - being in a position to invest at the right time. Usually, those who get in and out early in any sort of investment boom are the ones who do well. Once the masses get onto the bandwagon, the real profits are over. Certainly by the time the TV programme makers cotton on to something, commission a TV series, produce, make and then show it, the bubble may already be on the wane.
How can ANYONE know what is going to happen?
Making money from any sort of investments is often down to sheer luck - being in a position to invest at the right time. Usually, those who get in and out early in any sort of investment boom are the ones who do well. Once the masses get onto the bandwagon, the real profits are over. Certainly by the time the TV programme makers cotton on to something, commission a TV series, produce, make and then show it, the bubble may already be on the wane.
as someone once said ....... when taxi drivers start giving you dotcom share tips its time to get out .
I've just been reading this - Tonker i'm adding you to my buddy list
Interesting times ahead what with the country panicking about a tiny little 0.25% rate increase (according to the papers anyway) and another to follow soon.
The housing boom as with the dot com boom will serve to dramatically increase the affordable stock once the price madness subsides. After all, without all the speculators the internet probably wouldn't exist today!
Interesting times ahead what with the country panicking about a tiny little 0.25% rate increase (according to the papers anyway) and another to follow soon.
The housing boom as with the dot com boom will serve to dramatically increase the affordable stock once the price madness subsides. After all, without all the speculators the internet probably wouldn't exist today!
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