Date: Thu, 07 Apr 2005 09:53:58 +0200
From: davidof 
Newsgroups: uk.finance
Subject: Re: Buy to let tax situation

Daytona wrote:
> It doesn't really tell you much - it's
> what value for money you can get from property now compared with other
> investments.

Sound advice. Too many people go into investments based on sentiment - 
the number of people I know who bought tech stocks at the top of the 
dot.com boom who are just now jumping into buy2let is frightening. A 
buy2let flat is going to tie up a lot of IanF.s pension pot so he's 
exposing his pension to a large risk.

"Bricks 'n' Mortar" the buy2letter cry, always worth something. Not 
true, in Manchester, where plush city center flats fetch 300K there are 
estates of Coronation Street style terraces not that far away that are 
completely boarded up... the properties fetch a couple of grand at 
auction, not even the value of building land.