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Yes, there are a borderline scammers, I've been working with such people myself, as a tenant and a property owner. foreign landlord Why on earth would yo
by YorkshireSeason 8y ago
Yes, there are a borderline scammers, I've been working with such people myself, as a tenant and a property owner.
foreign landlord
Why on earth would you buy in London in these circumstances, why not put you money in an ETF?
Let's quantify: what fraction of the London property market does that apply to? My hypothesis: < 0.2%
- michaelt 8y agoWhy on earth would you buy in London in these circumstances, why not put you money in an ETF? Because you're a money-laundering oligarch (or a upper class person in an oppressive regime, worried the state will appropriate your assets) and if you're spending £10 million or so on a property, you can afford to conceal your identity with an intermediary in Jersey, Guernsey, BVI, Panama...
- YorkshireSeason 8y agoconceal your identity You can also conceal your identity when buying an ETF. An EFT almost certainly has a higher ROI than empty property. And if you are investing via intermediaries, then they can handles the letting process so as to maximise the ROI.
- notahacker 8y ago> Why on earth would you buy in London in these circumstances, why not put you money in an ETF? Historically London property prices have risen much faster and fallen more rarely than ETFs, before even beginning to think about the possibility of rental incomes