Bulgaria Ski discussion board

bansko generally

kellie Author: posts : 13   (Beginner)Date : 04-21-08 18:59

re: bansko generally

feel for you,some people got a lot cash to think yeah ill buy an apartment cheaper than in switzerland or france,our pension schemes here are shite..so i used all my savings and remortgaged bansko was my pension...ive paid 30,000sterling so far and some realy clever guy called walshy told me to not bother paying the other20000 and quit now!!!!! knob head!!!!! anyway mafia land im ring watchdog...watch this space
kellie Author: posts : 13   (Beginner)Date : 04-21-08 18:59

re: bansko generally

feel for you,some people got a lot cash to think yeah ill buy an apartment cheaper than in switzerland or france,our pension schemes here are shite..so i used all my savings and remortgaged bansko was my pension...ive paid 30,000sterling so far and some realy clever guy called walshy told me to not bother paying the other20000 and quit now!!!!! knob head!!!!! anyway mafia land im ring watchdog...watch this space
Welshy Author:Gareth posts : 434   (Expert)Date : 04-21-08 19:08

re: bansko generally

Kellie - people reading this thread can read your other thread too. No place for insults though dear,

Reading your post here it seems you have streched yourself to buy here, now I dont know you and being frank dont care either way however putting all your eggs into one basket is risky.

I hope it works out for you & clearly myself also - but please dont be naive about the reality it is a LONG term investment which hopefully will pay off otherwise its been an expensive gamble.
kellie Author: posts : 13   (Beginner)Date : 04-21-08 19:43

re: bansko generally

sorry i spelt your name wrong
kellie Author: posts : 13   (Beginner)Date : 04-21-08 19:44

re: bansko generally

sorry i spelt your name wrong
kellie Author: posts : 13   (Beginner)Date : 04-21-08 20:03

re: bansko generally

p,s walshy ive got loads off eggs.........knob
Welshy Author:Gareth posts : 434   (Expert)Date : 04-21-08 20:14

re: bansko generally

Kellie - you stated you had used all of your savings & remortgaged. Now that to me = most of the eggs.

Given the property market contraction in the UK Id say that even more ofyour eggs than you first thought might be tied up in Bulgaria.

Your other comments about UK pensions being rubbish - well kind of depends really which pension your talking about. If your talking about SIPPs (where you can put your whole buy to let property into it) then thats a pretty good pension. Take an example ...
Kellie - you stated you had used all of your savings & remortgaged. Now that to me = most of the eggs.

Given the property market contraction in the UK Id say that even more ofyour eggs than you first thought might be tied up in Bulgaria.

Your other comments about UK pensions being rubbish - well kind of depends really which pension your talking about. If your talking about SIPPs (where you can put your whole buy to let property into it) then thats a pretty good pension. Take an example of how that works you only need £60k to buy a £100k house the £40k comes form a tax rebate. Where else would you get 40% in 1 day?
Other than that I have 2 final salary pensions - which are at 1/60th accrual rates which if you know anything about pensions is very good only MPs have better rates and those being 1/40tyh accrual...grrr

Got a question for you which development did you buy in? And do you know what % of the development is sold?
I ask as unless it is 100% sold your going to have to offer discounts greater than what the developer can/will.

Final point this is an Adult forum (not in the naughty stuff sense) so please refrain from the name calling.

Last point did you actually visit the site you were going to buy on or did you buy over the web/from the UK? (many have - hope you didnt).

Good luck

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Alex Author: posts : 13   (Beginner)Date : 04-21-08 20:24

re: bansko generally

Apologies - pse disregard "heat of moment" statement about Orpheus - matters being resolved.

I am still of the opinion things will be OK if we just hold on long enough.
Borogirl Author: posts : 13   (Beginner)Date : 04-21-08 20:28

re: bansko generally

Welshy - can you tell me more about SIPPS Question We are buying in BG, although not to rent out, would it still be suitable for us Question

I am happy for you to email me if you would rather. Many thanks Very Happy
Welshy Author:Gareth posts : 434   (Expert)Date : 04-21-08 20:30

re: bansko generally

Has to be revenue generating.

The biggest problem with it is that you need to have a big pension pot in the first place to be able to do it.

I dont have all the details and am not sure if it allows overseas property - however I could be wrong.