Kelmar said:Last week I met a work colleague from the UK who told me he has been investing in property for the past 3 years and now has 5 different houses in his portfolio. His approach is simple- he buys a house with about 10% deposit then rents it out; the rental income covers the mortgage costs and the general running costs for each house.
Are there any areas in Ireland where rental income would cover the mortgage and running costs like this?
The proper definition of a bubble is "Speculative buying of appreciating assets, without regard to underlying investment returns (in the case of real estate that would be rents), solely on the anticipation of future price appreciation."
Is he including his tax liability in 'general running costs'?Kelmar said:Last week I met a work colleague from the UK who told me he has been investing in property for the past 3 years and now has 5 different houses in his portfolio. His approach is simple- he buys a house with about 10% deposit then rents it out; the rental income covers the mortgage costs and the general running costs for each house.
Marie said:at the same time as there is an oversupply of properties available to let, many of them empty and deteriorating for long periods between 'lets'.
To be fair, individuals ultimately have to make decisions for themselves and in the (I would assume unlikely) event that somebody makes a decision to invest in (or speculate on) property based solely or mainly on the contend of such a TV programme then it's really the individual's responsibility.90210 said:I believe those two on Locations, Location, Location have allot to answer for!
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