LogFAQs > #981227936

Ah balls I didn't read the last paragraph in the OP.

I genuinely thought it was someone who'd sold a house he either bought a few years ago or inherited, hence my annoyance. Paying inheritance tax and then capital gains tax on your parents' house is fucking bullshit. I'm not looking forward to that fight with the taxman when it's my turn.

Anyway to explain my comment, I bought my first house when I was 20, sold it just over 10 years later for less than market value (I'm not a businessman, I'd had it rented out for way below market value and sold it to a first time buyer for 5k less than asking price just to make sure it didn't go to a rental agency that wanted to offer me full asking price to gazump the new owner). Not humblebragging, even though it sounds like it, more just that I want to do the right thing, and selling houses to first time buyers should be a priority to anybody rather than selling to a company who'll rent it out and deny a first time buyer their own house.

I only sold the place because realistically it wasn't making any money, the effort involved was annoying, and the tenant (paying 950/mo in rent, for a house that would have easily fetched 1400/mo) had mentioned he wanted to move in with his girlfriend and therefore vacate the place, and it worked out quite well that I could sell up and pay off my mortgages without being a dick. I offered the house to him first, at a decent discount, but he said he wanted to move way down south, so thanks but no thanks. Fair.

Having previously lived in places that were owned by people that I wouldn't piss on if they were on fire, and whilst I don't want to be a landlord again, I wish everybody was like that. Probably why I'm not a businessperson doing business.