r/Glasgow Tools

Title
Author	Cannonieri
Comment	Let's assume they made back all their mortgage payments in rent and then sold the property at the end for £270k after 20 years. That's less than a 5% return per annum. And that's before costs and taxes. That's terrible given the risk being taken on.
Reddit Link	https://www.reddit.com/r/glasgow/comments/rhp6vo/this_is_a_joke_and_a_bad_one_at_that/hossqsv/
Created	Thu 16th Dec 2021 4:51pm
Status	normal ()

Let's assume they made back all their mortgage payments in rent and then sold the property at the end for £270k after 20 years. That's less than a 5% return per annum. And that's before costs and taxes.

That's terrible given the risk being taken on.