is this risky?

borichnuke · 6 Feb 2008 at 20:41

A friend works for this company and he's on about how syndicate buying commerical property and selling them on is safe way to invest. I just looked at their web site and it seems to be cashing in on the property boom?

http://www.attivo.com/

Borich

4T5 · 6 Feb 2008 at 20:46

What Property boom :confused:

borichnuke · 6 Feb 2008 at 20:47

well the one thats ended and is going to hurt all those buy to letters

Borich

spoonz · 6 Feb 2008 at 20:59

my brother is in the property business and has some very interesting and scary stories to tell.

spoonz · 6 Feb 2008 at 21:01

malc30 said:
What Property boom

LOL exactly

andy@moFo · 6 Feb 2008 at 21:07

spoonz said:
my brother is in the property business and has some very interesting and scary stories to tell.

Like?

spoonz · 6 Feb 2008 at 21:10

andy@moFo said:
Like?

Like the majority of serious buy-to-let clients on his books with £1 million+ in property are pulling out there equity and investing it in alternatives.

Stories of many other "men-in-the-street " who have mortgaged within the last few years and now hitting real difficulties. The number of complete morons who have borrowed to the hilt against there equity is quite simply staggering.

Stay sensible folks.

[TR]SweetSpotOz · 6 Feb 2008 at 21:45

spoonz · 6 Feb 2008 at 21:50

markyp23 said:
People with "£1million+" in property aren't really big players.

OK, thanks

I think the + was a clue.

If you had £1 million in equity would you be prepared to see it dissapear?

[TR]SweetSpotOz · 6 Feb 2008 at 21:50

spoonz · 6 Feb 2008 at 21:52

nope

*flounces off*

[TR]SweetSpotOz · 6 Feb 2008 at 21:53

Mad old tory · 6 Feb 2008 at 23:08

Or they could sell up now and hold onto their money in case that prices drop and they can then start buying at the lower price levels. Would be a tidy little earner assuming the market does drop. Of course if it doesn't they aren't going to do so well.

iBot · 6 Feb 2008 at 23:27

It time of global economic instability the rich protect there wealth with gold not property.