I'd be interested to read that if you can find it. If you can buy at the trough of a crash you it will be a good investment even if you don't make money on the rent. If the rent covers the mortgage then someone else is basically paying the mortgage off of your property for you and all the time the property is increasing in value.
Brexited | the worst threads live the longest
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I'd be interested to read that if you can find it. If you can buy at the trough of a crash you it will be a good investment even if you don't make money on the rent. If the rent covers the mortgage then someone else is basically paying the mortgage off of your property for you and all the time the property is increasing in value.
whaat i think will happen is, Brexit will go tits up but it willl be Boris, Davies and Fox that will carry the can.
Before, we heard A50 will be triggwred in 2017 now some gocernment sources are saying 2019 or 2020.
Before, we heard A50 will be triggwred in 2017 now some gocernment sources are saying 2019 or 2020.
You are assuming you buy at the right time and dont have issues with voids/maintenance!
Here ya go:
http://ftalphaville.ft.com/2016/06/...-property-market-is-doomed-doomed-i-tells-ya/
You need to sign up but you dont have to pay for FTAV. Article based on some Deutsche bank research.
Thanks for that. Couple of things about the article though. One it's based on buy to let in London which has been a very tough market for a long time anyway as property prices are crazy. And the main factor they are attributing the problem to is the interest related tax changes which as i said you can get round with some clever accounting.
As for the time to buy, it will be a gamble trying to buy at the lowest point but due to the housing shortage property is still a good long term investment. And I am a builder by trade so maintenance is not a problem.
Cause the EU lack teeth. Something it need desperately
You are a soulless basterd.
We integrated them despite the fact that they weren't fit for it, we can't abandon them now since we made the mistake with them. Everybody knew that Greece weren't strong enough to support EU's standards.
Not up to May unfortunately. The EU won't negotiate anything at all until after article 50, as to do so would invite half the rest of europe to demand negotiations and new deals for themselves as well.
The only way things will change is if May comes up with a reason for a second referendum, and a reason so compelling that people will vote differently to last time, so article 50 is never entered.
You are a soulless basterd.
We integrated them despite the fact that they weren't fit for it, we can't abandon them now since we made the mistake with them. Everybody knew that Greece weren't strong enough to support EU's standards.
If your brother has a drug addiction then the last thing he needs is you throwing him more money no questions asked. I have no qualms in helping others in time of need. However Some countries have a lower gdp to the countries they are constantly bailing out.
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Putting your brother in the street won't fix his drug problems, there is a bigger chance to see him prostitute himself and add alcohol to his problems.
Is it the eu fault too?
Well no not really, i think you'll find its more about german money tied up in these countries
Constantly financing his addiction will ultimately get him killed. Also Greece is not france/malta brother
The germans will actually get back their money if/when Greece leaves, because they are going to take all the assets that they want and sell them to Chinese companies while keeping the profitables ones. Greece are still in the EU for political/diplomatic reasons not because of money.
I think protecting the vulnerable banks in Germany and France was the aim, it certainly wasn't about helping Greece.
If that were true, which i doubt, it doesnt sound like a union I'd want to be part of. A union where 1 or 2 countries call the shots. And thats exactly what it is.
It would be a union were those who abuse can't assume they can keep doing that forever especially since their bills are also being paid by countries who have a lower GDP to theirs.
Any evidence for this claim?
A countries gdp is irrelevant regarding bailout contributions, its debt ratio / gdp that matters.
It does. Would you like giving bailouts to a richer person to you because he live way beyond his means
Greece did commit some of its assets to get the bail out. Also, with the current framework, there's no way the EU can kick an EU member out (we cant even force the UK hand to activate article 50)
True but i dont think Germany has ownership of that fund - could be wrong though.
Its not owned by Germany but by an independent fund
https://www.theguardian.com/business/2015/jul/24/greek-debt-crisis-great-greece-fire-sale
Privatisation remains a vital element of Greece’s latest bailout deal. Under threat of being forced out of the eurozone, Athens agreed to transfer “valuable assets” to an independent fund, with the aim of raising €50bn (£35bn). Half the proceeds will be used to shore up capital reserves at Greek banks; a quarter will be used to repay Greece’s creditors, and the remainder will be spent on unspecified investments
If I'm not mistaken, Germany and France asked for specific assets. These assets are supposed to be bought by the likes of EDF and Bolloré for cheap, very cheap.
Yeah so the cash/assets don't automatically transfer to Germany if Greece default (as was previously implied).
I think it will end up in the bailout creditor hands (ie all EU countries who bailed Greece out) rather then just Germany.
WTF
Just because I have more money coming into my house than you does not make me richer than you.
And no, I would not sign up to any club or union where I had to bail out other countries, it's the most ridiculous thing I have ever heard of.
iirc The Dutch government claimed a couple of years ago that they had made a few billion profit from Greek loans so lets not kid ourselves that this union is just a bunch of friends looking after each other.
No one believes that and it has never been sold as such.
Did you actually read my post?
That's not what I was implying but I have to admit it looked like it. I stayed on Germany because it was the example taken. The Germans, French, Italians and Spanish among others have negotiated the privatization of Greeks assets, in case of default.
which cash/assets are you talking about anyway?
If you have more money then me than you're richer then I do.
Also I see nothing wrong in helping others in times of need. Europe had been the battlefield of thousands of wars including two world wars. Europe greed also brought misery to all 5 continents through colonialism etc. We should learn out of it by at least stop being greedy cnuts with one another. Having said that there's a big difference between helping a neighbour getting back on its feet and financing a neighbour's bad habit
I don't know what the Dutch government claimed but my country perceives that money as lost. Considering the history of my country (who was a colony for thousands of years, it was the most bombed country during the WW2 and at one time it was the poorest region in Europe) that's quite unfair. We never colonised or stole from others and our economy is down to hard work and alot of sacrifices.
yes and I gave an opinion on who will own those assets if Greece's economy go tits up
You're not making sense
I'm beginning to think Devlish belies it
Devilish is the last to think that, actually he believes that I'm way too nice when it comes to these matters.
True