call of the repossessed

Call of the repossessed

When I was at university, demoralized from projections of rejection when applying for jobs (turned out to be right, how far can one get with a dub standard film degree?) I thought to myself that I needed to find other ways of making some coins,..

I was a bit down, I had plenty of time so started frequenting the living room and watching the golden box. On this golden box, back in 2004ish were plenty of shows about property. This started something in me. I was seeing before my very eyes punks without two brain cells between them making moolah from buying and selling property. That's not too say it's easy, certainly the last 5 years(well 2002ish to 2006/7) any schmuck has been able to turn a profit with the rising tide in prices, not now though. The tide has turned and boats are getting sunk, big time.

So I when I was at uni, I bought a few books on the matter. Delved into them with a fervor that should've been equaled with desire to do well at my degree course........ anywho,..... Realised that this property game was for any schmo, but that schmo needed money, and lots of it. To the eager student, with no cash, a 10k deposit seems to be unsurmountable.

I wanted to get work, earning a decent wage once I'd graduated. Unfortunately the receipts in life (things we add up and inscribe on god awful cvs )meant that my grade (my receipt for the astronomical debt I'd accumulated) was not sufficient for the gleaming, golden graduate scheme. Hmmm.... hard nut to crack.

TEFL! I had developed an interest in languages through teaching some Japanese friends breakdancing, leanrt a bit and thought it a good idea to go bumming around the world for a bit. Fast forward to now and I'm in Portugal, bored at 2am looking online randomly at house prices. I see a very cheap house. 3 beds, 65k. Excited at high yields and everything greedy, I can't sleep (how bad is that?).

This property, it turns out, is in dire state, and has been repossessed, hence the rock bottom price. The ill effects of the harshness of the market system mean that repossessions are possible, unfortunately, and let schmos with no money onto the highly inflated (due to other schmos with money) property market,

Traveling, learning languages, generally larking about in the sun, bboying etc, is what I like doing. I always thought this impossible with the other dream of financial freedom, working for one self and being truly free from all the b/s that dependency on employed work brings. I'm not a big fan of feeling powerless, renting makes me feel like that. Dependency on a job also makes me feel that way. There's always things I know I could do better, and being a schmo at the bottom of the pecking order means I have to ask for permission to do grand magnificent acts like photocopying. Graduate skills shining here.

So. For the chastened poor, repossessed property is the way to go. Cheap, a project (freedom ) and the possibility of financial freedom, clout and a bit of pride at the end of the tunnel. Maybe this house won't work for me, no big deal. I'm patient, well, if forced to be! I'll wait on the sideline, though the call of the repossessed is pretty compelling!