Re: Million Pound Property Experiment

["mark_harrison_uk2" <mph@xxxxxxx>]

--- In ukha_d@xxxxxxx, "Nick Tyson - The Edge" <nick@e...>
wrote:
> I guess the decision to overspend on luxury items is that
> much easier if you're getting them for free.

There's been a VERY long thread (100 messages+) on one of the
property developer boards I frequent.

Getting free stuff isn't the half of it. Free no-strings attached
finance courtesy of the licence payers is the thing we've all been up
in arms over.

To put things in perspective - for the last property, the "market
cost" of the finance (had they been forced to pay for it) would have
paid for a plasma telly every 2-3 weeks :-o

One of the people I know there dropped out of Grand Designs
Rennovations because he couldn't make the figures add up - he got a
phone call from the producer telling him that C4 would basically do
all his sourcing for him on the "products for a mention on telly"
school of discount negotiation.

Overall, it's been amusing telly, but I'm very concerned that people
are going to go into property development under the impression that
it's an easy way to make money. There's money to be made, for sure,
but it's MUCH harder than "the boys" have made out.

Regards,

Mark Harrison



UKHA 2004: 15th and 16th May 2004

http://www.automatedhome.co.uk
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