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Unread 23 Nov 2006, 16:34   #8
SYMM
Love's Sweet Exile
 
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Join Date: May 2001
Location: Living on a Stair (Now Sword-less)
Posts: 2,371
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Re: The housing market

The idea of not having to pay rent in 30 years time is appealing, but at the moment, there's no way I can afford anything in an area I'd want to live in. Living on my own doesn't really appeal either.
A friend (who's fairly into the whole property thing, owning (with mortgages) 5 houses and 3 flats) recently suggested that I consider buying a flat off-plan in a new development in an area that's going through quite a bit of rennovation (it's fairly central, but is a pretty rough area) to subsequently rent it out. It seems like a good idea, but quite risky and I don't really do risky when it comes to money (or anything else...) so I'll probably just 'think about it' for the next few years...
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