Q’s about buying a property

[noname_]

For some reason, the 3 page thread earlier about "cadaans complaining that minorities are taking over council homes in central London" has been deleted so I didn't get the chance to post.

After reading some interesting post in there where some said to know people who have bought council/govt property that they previously rented and some other said they saved up while living in council/govt homes.

I want to ask; was this 20 years ago where many property price were cheap or are you referring to now where everything in metropolitan area is over half a million dollars? Did they pay upfront or through riba?

Or are those people you know don't care about taking interest and bought them through that? I just can't wrap around my head how is it possible to save up to pay upfront in a metropolitan area such as London, Toronto and Melbourne while renting that sucks you dry week in and out?

The only barrier that is holding me back is the interest which is the main reason/advantage cadaans get them.

I went through "Islamic banks", asked out there who owned a property and it turns out it's not riba free so I said screw it, life is short (wishful thinking but will wait if prices drop to under $200k).

 

[Abdisamad]

I don't know if this would be helpful

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

I went through "Islamic banks", asked out there who owned a property and it turns out it's not riba free so I said screw it, life is short (wishful thinking but will wait if prices drop to under $200k).

That is never going to happen, and you are highly unlikely to save up millions in the West, which is by design. If interested in building a healthy property portfolio in the US, I could speak to that, but definitely not in London, I am afraid, due to Russian oligarchs, oil Sheikhs, and Guatous (Sino) lush with ill-gotten gains saturating the property market. Drop me a note if interested in the US real estate market.

 

[Khaem]

That is never going to happen, and you are highly unlikely to save up millions in the West, which is by design. If interested in building a healthy property portfolio in the US, I could speak to that, but definitely not in London, I am afraid, due to Russian oligarchs, oil Sheikhs, and Guatous (Sino) lush with ill-gotten gains saturating the property market. Drop me a note if interested in the US real estate market.

Personally I could never see myself like that.
Maybe I eventually get trapped into a neo-serf in the western world but hopefully Djibouti will be waiting for me. Land and amazing standard of living awaits me after my education

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

Personally I could never see myself like that.
Maybe I eventually get trapped into a neo-serf in the western world but hopefully Djibouti will be waiting for me. Land and amazing standard of living awaits me after my education

Not a nephew of IOG, are you? Jokes aside, best place to accumulate wealth is in developing nations, which are prime for harvest, provided it is by moral and ethical means, and not at the expense of poor, disadvantaged locals.