It ain't possible!!!! (one to watch)
Discussion
Smart deal, congrats to the guy (on both projects). Development land is so highly leveraged (priced as a residual to GDV) that if you buy at the right time you can make a killing. But it's not for me in a private or professional capacity - capricious planners and lack of cashflow make it unattractive. It's really a beta play.
NickCQ said:
Smart deal, congrats to the guy (on both projects). Development land is so highly leveraged (priced as a residual to GDV) that if you buy at the right time you can make a killing. But it's not for me in a private or professional capacity - capricious planners and lack of cashflow make it unattractive. It's really a beta play.
Well he bought the land to setup a glamping business (big money in that too, but a lot of hard work) and he got lucky.drainbrain said:
Hmmm.
Should I phone Yahoo and ask them why they've put an article with no relevance to Finance in their Finance section?
Naaa…only a stupid prick would do that.
Only a 'stupid prick' would post a link on a discussion forum without any comment or question.Should I phone Yahoo and ask them why they've put an article with no relevance to Finance in their Finance section?
Naaa…only a stupid prick would do that.
Likewise, only a 'stupid prick' would be 'surprised' that you can buy undeveloped land / property, develop it and make a profit.
Or was there something in the link that was worthy of comment?
Otherwise you might just as well have posted a link to the Yahoo finance front page for people to read any article of interest to them...
Always the cynic i'd have to question whether this is real or not, it has a whiff of some kind of subliminal advertising to me.
Tax disk reminders? Why, the DVLA posts them out for free.
The land was in the middle of fields earmarked for a new housing development and despite this the farmers sold it for £40k, then it sold to the developers for £2 million?
I'm pretty sure that if it was earmarked the farmer would have been approached by the developers beforehand.
Fair play to him if true, i seriously have my doubts that it is though.
Tax disk reminders? Why, the DVLA posts them out for free.
The land was in the middle of fields earmarked for a new housing development and despite this the farmers sold it for £40k, then it sold to the developers for £2 million?
I'm pretty sure that if it was earmarked the farmer would have been approached by the developers beforehand.Fair play to him if true, i seriously have my doubts that it is though.
Edited by R8Steve on Wednesday 16th November 14:28
I have a nephew who was tossed a land deal as an agent from a well meaning uncle.
He made a lot of money at 18, not millions but a decent amount.
The problem is....he took on the idea that life was going to be easy.
He has been bailed out twice since (not by me
)
This kid seems a lot smarter than my nephew.
He made a lot of money at 18, not millions but a decent amount.
The problem is....he took on the idea that life was going to be easy.
He has been bailed out twice since (not by me
)This kid seems a lot smarter than my nephew.
R8Steve said:
Always the cynic i'd have to question whether this is real or not, it has a whiff of some kind of subliminal advertising to me.
Tax disk reminders? Why, the DVLA posts them out for free.
The land was in the middle of fields earmarked for a new housing development and despite this the farmers sold it for £40k, then it sold to the developers for £2 million? I'm pretty sure that if it was earmarked the farmer would have been approached by the developers beforehand.
Fair play to him if true, i seriously have my doubts that it is though.
I'm also a cynic but the question I would ask is what relation the world's only ever uncanny farmer is to the lad? Tax disk reminders? Why, the DVLA posts them out for free.
The land was in the middle of fields earmarked for a new housing development and despite this the farmers sold it for £40k, then it sold to the developers for £2 million?
I'm pretty sure that if it was earmarked the farmer would have been approached by the developers beforehand.Fair play to him if true, i seriously have my doubts that it is though.
Edited by R8Steve on Wednesday 16th November 14:28
Am I just really tight, but it would never occur to be that people might pay £4 for a car tax reminder? Especially as you get sent a letter from the DVLA. If people are willing to pay for that he should branch into reminders for hospital appointments, birthdays, tax returns etc.
I might pay as much as 40p for an MOT reminder as they can be a pain.
I might pay as much as 40p for an MOT reminder as they can be a pain.
AlexC1981 said:
Am I just really tight, but it would never occur to be that people might pay £4 for a car tax reminder? Especially as you get sent a letter from the DVLA. If people are willing to pay for that he should branch into reminders for hospital appointments, birthdays, tax returns etc.
I might pay as much as 40p for an MOT reminder as they can be a pain.
Yup. It's a really good story in that regard. Kids can often have some good ideas but rarely the means or support to implement them. It's a great time to take sensible business risks as you aren't paying anything for your living costs etc. I might pay as much as 40p for an MOT reminder as they can be a pain.
His father is self employed and has several fingers in different pies with local businesses and so his parents clearly supported him to run with his idea. Accounts due for that enterprise at the end of Dec so should reveal how much he made. But it constantly amazes me just what people will buy. It's an aspect that I struggle with in my business. I'm not really a consumer, I don't really buy anything month to month outside of essentials and have absolutely no natural comprehension of the people who will actually visit shops without a specific list of items to be bought. But, very clearly, millions in the U.K. are floating around physical and online shops actively looking to buy something on impulse and this kid hit upon one of those things.
Personally, I just put the date in my phone but I can see that in the wake of the end of the paper system there would be a number of people who'd want to buy a physical reminder in the shape and style of the old disc probably the people who don't like change?
AlexC1981 said:
Am I just really tight, but it would never occur to be that people might pay £4 for a car tax reminder? Especially as you get sent a letter from the DVLA.
You'd be surprised how many people "forget" to update their V5 when they move house, or assume that because they changed the address on their driving license the DVLA will automatically do their V5(s), and all sorts of other reasons for trying to not pay a fine. I wouldn't pay it either, but there's loads of similar stuff I would never have thought would be popular. A message-board you say, where it's easy to post messages and photos and have them appear to your friends? But why bother, there's already MySpace or Bebo (or whatever), a new one will never take off.So in summary.
Dad sets up business and gets free publicity for it by pretending his 13 year old son set it up.
Also I think the land story has been spun, developer buys massive amount of farmland for development but fail to buy the piece of land which is key for the development to work.
Absolute nonsense.
Dad sets up business and gets free publicity for it by pretending his 13 year old son set it up.
Also I think the land story has been spun, developer buys massive amount of farmland for development but fail to buy the piece of land which is key for the development to work.
Absolute nonsense.
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