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by isostatic
2725 days ago
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After the price crash in 2008 we lost 40% on our 1 bed flat. Couldn’t afford to sell after a relocation (£60k negative equity after 1 year) so had to rent it out while we rented in a different city. We just about made a profit on the flat - about £10 a week, but we didn’t have any times of no tenant, or any unexpected major bills. Eventually price recovered enough that we could afford to sell (below what we paid, even ignoring inflation). Not all landlords are raking it in. |
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