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Old 08-06-2007, 02:29 AM  
GreyWolf
So Fucking Banned
 
Join Date: Jun 2007
Posts: 2,036
Quote:
Originally Posted by Blue Player View Post
Reasonalbly priced houses round where I live £250k to £400k sell instantly. You could probably just walk out your front door and shout "I am selling this house" and it would be gone in seconds.

I would have kept the house if I was you!
Shit - amazing! Know a few people selling now and going to move out of the UK and "offshore". What they get from a house sale will buy a mansion here! *lol* A nice 4 bed with pool blah only costs about $350-400 ish and annual house taxes (council tax in the UK) is only $100/year.

Na... was prob a good thing to sell that property - I dumped in into an existing real estate investment which has been increasing in capital appreciation of.... averaging 50%/year, which is going to be around 38% better than UK property? (Assuming that is around 12% ish).

Real estate here is total lala land - the govt estimates annual increases of 40-60% and so far that seems about right - and fat chance of it changing for at least 5 years ahead
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