PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 29th Apr 2008, 15:21
  #451 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 14,999
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Nice idea. What about 1m Poles going home, the largest UK house builder quitting building houses because they can't sell the empty ones they have and the hundreds of flats and small houses going under the auctioneers hammer every weeks for tens of thousands of pounds less than they sold for last year or the year before.

I'll buy a couple of flats at auction for £100k less than you paid for them last year and start renting them out for £400 a month less than you need to rent your out for. I'll be making a small profit and you'll be bankrupt by Christmas.

Thats the reality facing many landlords.


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