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I couldn't even get to that issueBUT Andrew some on here do invest in properties to rent out to the low income bracket
Nulla made assumptions of the people on this forum without having done DD.
I am still waiting on Nulla giving the answers to my questions
Chris
Nullagine
On what do you base your statement?
Are you a property investor?
Why did you join this forum?
I will be interested in your replies, I am hoping it can make for a reasonable debate
Chris
All threads on Somersoft are bright Chrispy, just some are more brighter than others!Andrew - I must admit I also laughed out loud when I read the description
You are right - It does brighten up the forum
Chris
I couldn't even get to that issue
I mean I really did laugh out loud when I read that rentier capitalist entry! The kindest worst I can think of is 'naive' for such a reference to put down the people on this forum.. Marx and socialism.. really?!
I have more than average experience in this area, having lived and travelled extensively in Eastern Europe and had many soviet friends (back when there was a Soviet Union) through chess.
** edit.. The only time you hold Marx and socialism up to lecture people is when you are demonstrating what devastation socialism has brought to the world.
If you see a renter who expresses an interest in owning, what could the investor do for them?
Sell the property to them at a heavily marked up price and then use the extra capital to buy two more properties.
Programmed by my experiences walking through and living in the aftermath. Am interested in your experiences with socialism and why you think there might be wisdom in there for us to follow.Ah, sees "Marx", sees "socialism"; brain switches into programmed response.
Good advice.I suggest moving past the labels and programmed responses.
Well I'm a renovator!? Not a very good one though (really ordinary actually) so I might not add that much value to whatever.Rentier capitalists don't add much that is useful to society. Renting out houses is useful to a limited degree but it does not add much. Building or renovating adds more value.
I try and good be a good person (honest I do) but you would need to define what you consider value before anybody could answer that.What value do you add?
Programmed by my experiences walking through and living in the aftermath. Am interested in your experiences with socialism and why you think there might be wisdom in there for us to follow.
Good advice.
Well I'm a renovator!? Not a very good one though (really ordinary actually) so I might not add that much value to whatever.
I try and good be a good person (honest I do) but you would need to define what you consider value before anybody could answer that.
Indeed, I'm a capitalist pig.
Seriously Nullagine, If you feel so strongly about it then go start a career in politics and invoke some policies that will help "housing affordability".
People who come to this forum do so for the reason of property investing. Telling us that we should get together and work out how to solve the "housing affordability crisis" is only going to end up in deaf ears. It's simply not reason why where are here.
In addition, coming here and insulting property investors by alluding that we are not productive to society is not the way to rally support. If I'm not mistaken, I believe you are intentional looking for an argument. If this is true, then YOU'RE the one being unproductive.
If you can prove that YOU can develop "affordable housing" and still make a tidy profit, I'm sure there would many people on this forum willing to hear you out.
Indeed, I'm a capitalist pig.
In addition, coming here and insulting property investors by alluding that we are not productive to society is not the way to rally support. If I'm not mistaken, I believe you are intentional looking for an argument. If this is true, then YOU'RE the one being unproductive.
Nulla
I run financial literacy classes free of charge for low income people to help them educate themselves to get out of poverty - what do you do?
I lease flats at lower than normal rates to help low income people live somewhere - what do you do?
I live off the rents and do not take a pension - what do you live on?
I was brought up in a socialist household so know all the arguments - I believe in stop arguing and getting out there and doing something
Chris
The bobs existed before this new money BB. Maybe two bob's worth was a considered opinion and two cents worth is just a cheap throwaway line?The price of inflation,
It used to be 2 cents
Dave
Socialism was a response to societies highly polarized into haves and have-nots.
Through death duties / inheritance taxes, progressive income tax and the like, the polarization was reduced somewhat - and most of us benefit directly, daily. It would be a pity to have to go through that again.
However, the rich and wealthy (with whom I think many would classify me), always find ways and means of bending things to their advantage.
I think we are seeing increased polarization more recently.
The message from history may be that we had better watch that the rich and wealthy serve societies interests while also serving their own else we may expect unproductive discord.
Not many individuals add a lot of value apart from being pleasant company occassionally. Perhaps people like Alexander Fleming who isolated penicillin do?
In the context of residential property, it would seem to me that the people who create or maintain inspiring, affordable, sought after and profitable places to live that would be the truely inspiring ones.
I regret that I have no practical ideas of how to make a buck while improving housing affordability. So far, devoid of my own ideas, I seek in vain for those of others
but I do think it reasonable to take a dim view of investing when it is merely self serving.
Building or renovating adds more value.
What value do you add?