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Not sure how ethical it really is...
on 24 March 2013
Although this book contained some interesting advice and suggestions for buying/letting property, his constant (somewhat desperate) assertion that his method was ethical left me feeling jaded. In some cases it seems fine to buy a property for below market value (P.62 where the half-converted property had been repossessed as there was no planning permission)and others where it seems exploitative and unpleasant (P.66 where the buyers managed to get an old ladies house for half its market value). I would have more respect for the author if he didn't keep asserting that his methods always culminated in a win-win situation. Profiteering from other people's misfortune and ignorance is not ethical no matter how many times you assert it is - and it certainly doesn't constitute the needy sellers 'winning'.
It is possible to use his method ethically, but you need to make sure greed doesn't cloud your vision.