roydo
in memoriam - 1965-2024
Theres no doubt that theres money to be made.
But using your example.
You knock down the house, you build 3 houses and you make a profit.
No ifs, no maybes, no relegation, no massive debts, no unknown aspects.
But for sure, for a patient and clever investor, there is plenty of money to be made, its just not that attractive compared to other investments they could make instead.
It was more about me selling the house and land to someone who could see the potential. 3 weeks after Nik and I bought it, 20 plus years ago, 2 builders offered us twice what we paid for it.
The point I am clumsily making is this. On paper, our cottage is a semi, 3 bedroomed place with 2 bathrooms. In an appealing village.
In reality, it could be an investors desired purchase. Cos of potential.
There are 20 PL clubs. It isnt without risk, obvs, but I cant see the upside that buying Everton could have with many others. PL safety notwithstanding.