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View Poll Results: The best possible money-making venture for Catwoman would be:
Buy a plot of land for £60K, build a house for another £60K, sell the house for £300K 2 16.67%
Buy flat in sought-after area, rent it out at a premium and get free mortgage + supplementary income 5 41.67%
Set up a cocktail bar planned to precision to capitalise on area's key demographic 4 33.33%
None of the above, shut up and keep working like the rest of us 1 8.33%
Voters: 12. You may not vote on this poll

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Old 09-24-2004, 08:28 AM   #1
Catwoman
stalking a Tom
 
Join Date: Apr 2004
Location: on the edge of the english channel
Posts: 1,000
Quote:
Originally Posted by glatt
But owning a flat wouldn't be so bad. Not many people will be buying the low priced houses out there, because the interest rates will be so high, they still can't afford to buy a house. That means there will continue to be a lot of renters. You should still be able to rent your flat out and make your money. Now if your idea of buying a flat is to sell it for a profit, then it won't work. But holding a flat and renting it out should be OK.
But what if interest rates don't rise. And what if house prices fall to the point where the rental market diminishes significantly and it becomes harder and harder to lease the property? I know what you mean though. At least I would have a mortgage paid for me, which would be not real extra cost to me and would boost my credit rating significantly (plus it would be security for another loan for the bar or the self-build project).
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