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The Action Plan for Housing.
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<blockquote data-quote="JimmyBarrySmurph" data-source="post: 7180838" data-attributes="member: 36710"><p>You haven’t pointed out any inaccurate information. In fact other posters have even told you so..</p><p>You are confused between an asset and an investment for yield.. it’s obvious you know very little about investment or property.. </p><p></p><p>To help you with school tomorrow I’ll try one more time </p><p> buy to let property is yielding net 1-2%. It’s less than inflation.. you are losing money/wealth </p><p></p><p>As an asset it’s dropping in value.. it’s a depreciating asset.. with that period of depreciation likely to last several years.. </p><p></p><p>The asset you are discussing is marketing at €340k. It’s yields 1-2%</p><p>10 years ago that asset was worth ~ €185k-€210k. </p><p>However, The yield was much higher then, 8-12%, less rent but under totally different tax rules and letting regulations. </p><p></p><p>It’s illogical to spend 375k on any investment that will return 1-2% whose asset value will also drop for years to come.. </p><p></p><p>Keep digging that septic tank for yourself Pooman..</p></blockquote><p></p>
[QUOTE="JimmyBarrySmurph, post: 7180838, member: 36710"] You haven’t pointed out any inaccurate information. In fact other posters have even told you so.. You are confused between an asset and an investment for yield.. it’s obvious you know very little about investment or property.. To help you with school tomorrow I’ll try one more time buy to let property is yielding net 1-2%. It’s less than inflation.. you are losing money/wealth As an asset it’s dropping in value.. it’s a depreciating asset.. with that period of depreciation likely to last several years.. The asset you are discussing is marketing at €340k. It’s yields 1-2% 10 years ago that asset was worth ~ €185k-€210k. However, The yield was much higher then, 8-12%, less rent but under totally different tax rules and letting regulations. It’s illogical to spend 375k on any investment that will return 1-2% whose asset value will also drop for years to come.. Keep digging that septic tank for yourself Pooman.. [/QUOTE]
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