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Stop the property investing madness

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Not content with prying money out of our hands to buy over priced studio cupboards for upwards of £100,000 that we may have an outside chance of re-selling when the time comes to cash in our investment, London property developers want you to pay their development and refurbishment costs by selling us the ‘Hotel room as an investment’ concept, whereby you can buy for £240,000, a hotel room and reap an investment of around 6% from this ‘asset’.

TWO HUNDRED AND FORTY GRAND TO BUY A HOTEL ROOM!!!!!!!!! Take that money and buy a couple of real nice holiday villas in North Africa, you’ll get a much larger return and more to the point, when you want to spend a couple weeks on holiday there it’ll be hot. You can buy a lovely Riad in Marrakech for that money.

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Filed Under Investment Property 3rd March 2007 by Stirlyn 
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One Response to “Stop the property investing madness”

  1. Property madness? One view from London « Real estate investing advice on March 30th, 2007 12:41 pm

    [...] units (individual rooms) rather than through a corporate vehicle is madness. Check the post: Stop the property investing madness. I recast the point presented a bit when I compared buying what are effectively commercial flats [...]