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Property Crash! - Ouch
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24-10-2012, 08:35 PM
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Property Crash! - Ouch
This house crashed from 150K to just 3.5K a week after purchase.
Was the buyer plain unlucky or plain foolish. You have to have some sympathy! http://uk.news.yahoo.com/oddicombe-beach...02012.html Jonathan Clarke. http://www.buytoletmk.com 
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24-10-2012, 09:08 PM
Post: #2 |
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RE: Property Crash! - Ouch
Surveyor liability...?
Insurable risk? Is that Aslan I can see in the cliff face? ML
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25-10-2012, 10:07 AM
Post: #3 |
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RE: Property Crash! - Ouch
Stupid buyer.
She bought without viewing. The reason it was so cheap in the first place was the risk of collapse. It was unfortunate that it was so sudden, but she should have viewed in advance. And she would not have got standard insurance - specialist insurance would either not be provided, or extremely expensive. Glenn Ackroyd ![[Image: EweMove+logo+Small.gif]](https://s3.amazonaws.com/ewemove1/EweMove+logo+Small.gif) Click > Free Rent Appraisal | Guaranteed Rents | Rent to Buy
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25-10-2012, 10:22 AM
Post: #4 |
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RE: Property Crash! - Ouch
A long time ago one of my relatives brought a cliff top holiday home for cash, it only cost the same as 2 or 3 years holidays, but gave them many years of use before it crashed.
For the right property it may give a good return on holiday rentals as well.
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03-04-2013, 04:54 PM
Post: #5 |
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RE: Property Crash! - Ouch
Follow
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![[Image: article-0-190FE98B000005DC-124_964x640.jpg]](http://i.dailymail.co.uk/i/pix/2013/04/03/article-0-190FE98B000005DC-124_964x640.jpg)
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03-04-2013, 08:31 PM
Post: #6 |
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RE: Property Crash! - Ouch
I have just found a new reason for investing in the West Midlands.
Canal sidings don't do this hahahahaha Follow me on Twitter@landlordtweets Follow me on Twitter @landlordtweets
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04-04-2013, 06:13 PM
Post: #7 |
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RE: Property Crash! - Ouch
Is this what they call a flying freehold?
;-) Skype: brian.heath.glc 01823 284618 07742 046536 First Finders (property sourcing - residential & commercial, UK & international) Wessex Property Management Services (facilitation service for property owners) Golden Gate Gardens (specialist garden and landscape design service)
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04-04-2013, 10:10 PM
Post: #8 |
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RE: Property Crash! - Ouch
Continuing the :-) theme:
That is one hell of a way to split a title!
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04-04-2013, 10:23 PM
Post: #9 |
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RE: Property Crash! - Ouch
Seems to me to be a sandstone quarry with semi-detached residence
:-) Skype: brian.heath.glc 01823 284618 07742 046536 First Finders (property sourcing - residential & commercial, UK & international) Wessex Property Management Services (facilitation service for property owners) Golden Gate Gardens (specialist garden and landscape design service)
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04-04-2013, 10:39 PM
Post: #10 |
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RE: Property Crash! - Ouch
I wonder how much the owners of the house in the back ground are paying for their insurance. Do you think the premiums in that post code are calculated on a sliding scale? :-0
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