Some Landlords Get All the Luck

I read the news article here about the lucky, London landlord who was milking poor 'Gordon the Brown heffer' .

This landlord has been getting £12,458 a month in rent from Ealing Council.

Now that's on a property valued at £1.2 million which gives over a 12%yield on a house, that an incredibly high yield. Thats what you call a top class milker and should be entered into the next Landlord Country Show, a lot of landlords would want to breed off such a high yielding animal.

Estate agents Foxtons said similar properties command rents of only about £6,000 a month.

Imagine that, fellow landlords, a tenant paying a guaranteed rent £6000 a month higher than the real rental value, that's an additional profit of £72,000.

Who said that landlords wouldn't be able to afford fancy cars after the credit crunch. This landlord can buy a new porsche each year, for cash, thanks to the government.

All I can say is some landlords get all the luck.

Has the world gone mad - or has mad cow disease come back to bite us.

One things for sure. Gordon has well and truly spent the budget and as we head into recession the bad management of the economy will start to reveal itself.

The man who has governed our purses for the longest period of economic growth in history will reveal that hes managed to spend it all, the milk has ran dry.

(sorry I just think Gordon Brown is a 'dozy cow', that's not to say that I believe 'the udder one' to be desperately bright)

Whose for powdered eggs. Scrambled or poached.

Darling Margo