Re: House prices and Equity release?

I can now borrow lots of money on my house or I can sell it for lots more

>money because, apparently, it is worth more. > > Since my house is an even worse shithole than it was a couple of years ago > I'm wondering how that happened..... > > I've sort of noticed that shitholes similar to mine have also risen in > price so if I sold mine to realise the profit I could buy a similar > shithole for the same price. > > I have also noticed that if I did not have a shithole in the first place I > could borrow more money than I could before to buy one. > > I think I am then allowed to remortgage it, put a plastic thing in the > garden, buy a new sofa and have an MDF kitchen. > > Then I can get a loan to pay off all of my debts. > > I'm sort of confused. > > Has someone got some good advice? > > DNA >

Buy your neighbors house, that they cant afford. and rent it out to them. ;)

Cheers

Reply to
Martin Riddle
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He's already tried that, but hobo-joe won't part with his cardboard box.

Reply to
maxfoo

*THAT* is a superb idea. To keep them as renters, give them a discount on the 12th month if all payments during proceeding months are on time.
Reply to
Robert Baer

Upgrade him to a tinfoil hat?

Reply to
Robert Baer

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