"John Rumm" wrote in message
...
Is it just me or is something not adding up here?

Not much adds up in their programs
Get survey done, buy house for half a million,
house has dry rot ????

Last week they went for the half a million plus figure
completely forgeting that the stamp duty hike at that level
would severely limit offers

I was under the impression the idea was:

repeat
buy a house
do it up
sell it for a profit
take said profit and add original capital
until repeated seven times and you flog your 1 million pound house

What about paying 40% capital gains tax ?

My quick totting up last night suggested they had to date made just over
60 grand from their previous houses combined. Add the original 100k and
use it to purchase a place for 625k.....

Sponsored by dodgy self cert mortgage deals 'R' us by any chance?

Although to be fair to the drama queens, they did do a cracking job of
that place - sympathetic to the property and actually targeted at a
likely buyer. Would not mind the house myself although the prospect of
paying over 800k for a semi does make the mind boggle a bit!

--
Cheers,

John.

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