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Sideysid

30-YEAR-OLD from Somerset has defied the odds of becoming a homeowner and now owns a property empire worth £1.5MILLION

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Posted (edited)

https://www.thesun.co.uk/money/8589906/30-year-old-who-built-a-1-5million-property-empire/

Yes I know it’s the Sun. But still, no mention of how S24 will effect her, any rise in interest rates or the fact that she’s over leveraged herself into massive debt.

Shes a millionaire, isn’t she clever? Well not very actually as she confesses she was never any good at maths in the article. Paper wealth that will evaporate into thin air. The last 10 years has enabled ridiculousness like this to even happen.

Edited by Sideysid

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9 minutes ago, Sideysid said:

https://www.thesun.co.uk/money/8589906/30-year-old-who-built-a-1-5million-property-empire/

Yes I know it’s the Sun. But still, no mention of how S24 will effect her, any rise in interest rates or the fact that she’s over leveraged herself into massive debt.

Shes a millionaire, isn’t she clever? Well not very actually as she confesses she was never any good at maths in the article. Paper wealth that will evaporate into thin air. The last 10 years has enabled ridiculousness like this to even happen.

Oh well, when it goes `tits up` she can always get a presenters job on `Homes under the hammer`, she has the maths skills to show how to make a `killing` as they usually do on that programme.

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4 hours ago, Sideysid said:

https://www.thesun.co.uk/money/8589906/30-year-old-who-built-a-1-5million-property-empire/

Yes I know it’s the Sun. But still, no mention of how S24 will effect her, any rise in interest rates or the fact that she’s over leveraged herself into massive debt.

Shes a millionaire, isn’t she clever? Well not very actually as she confesses she was never any good at maths in the article. Paper wealth that will evaporate into thin air. The last 10 years has enabled ridiculousness like this to even happen.

Erm, can't tell if this and the other article you posted are trying to say, "there are ways to get a house, it's easy", or whether it's describing to the masses how bonkers the housing market is. 

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these stories are always half cut. Id like them to revisit the story in 5 years, like looking at some of the grand design projects years later, some were absolute shit and lead to bankruptcy, of course grand designs revisited wont mention those ones, its not good viewing for the gullible idiots.

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On 10/03/2019 at 11:16, Sideysid said:

https://www.thesun.co.uk/money/8589906/30-year-old-who-built-a-1-5million-property-empire/

Yes I know it’s the Sun. But still, no mention of how S24 will effect her, any rise in interest rates or the fact that she’s over leveraged herself into massive debt.

Shes a millionaire, isn’t she clever? Well not very actually as she confesses she was never any good at maths in the article. Paper wealth that will evaporate into thin air. The last 10 years has enabled ridiculousness like this to even happen.

Its the same story in Aus. These people will get wiped out

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17 hours ago, No One said:

Its the same story in Aus. These people will get wiped out

Its worse in Aus.

In the UK, only a sub-20 *aybe sub-10%) owned >1 property.

Admiringly, those that did tended to own a lot.

AFAICT in Aus the equivalent figure is 50%.

Which is bad.

Then you look at how out of kilter AUs prices to wages are, and its even worse.

Then you look at Aus economy and its mainly selling stuf to China, which makes it even worserer.

Aus doesnt face a recession. It looks like its going to get total financial collapse - people eating dogs type fall out.

 

 

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2 minutes ago, spygirl 🏆 said:

It looks like its going to get total financial collapse - people eating dogs type fall out.

If it wasn't so serious what's coming, the above would be funny

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On 15/03/2019 at 13:13, spygirl 🏆 said:

Its worse in Aus.

In the UK, only a sub-20 *aybe sub-10%) owned >1 property.

Admiringly, those that did tended to own a lot.

AFAICT in Aus the equivalent figure is 50%.

Which is bad.

Then you look at how out of kilter AUs prices to wages are, and its even worse.

Then you look at Aus economy and its mainly selling stuf to China, which makes it even worserer.

Aus doesnt face a recession. It looks like its going to get total financial collapse - people eating dogs type fall out.

 

 

Do you really believe that?

 

Australia is made of iron ore, uranium, gold, bauxite, tin, copper etc etc etc; many of the minerals it mines and exports are in short supply.

Why on earth should it be worried about a recession? I reckon it has enough nutural resources to last it 100s if not 1000s of years.

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12 minutes ago, Mirror Mirror said:

Do you really believe that?

 

Australia is made of iron ore, uranium, gold, bauxite, tin, copper etc etc etc; many of the minerals it mines and exports are in short supply.

Why on earth should it be worried about a recession? I reckon it has enough nutural resources to last it 100s if not 1000s of years.

Not quite.

It has a lot of those minerals kicking around.

However .... they are way way away from the ports. And there are not many people to dig them.

Adnthe market for the ore was mainly China, all other demand being far far away.

They cant eat natural resources. Or, more relevant, they cant drink and water crops with ore.

 

 

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