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http://www.learnmoney.co.uk/advice/advice-87.html
Land Banking Companies
Why the majority of them are (legal) scams
UK land sold by Land Banking firms have about a 1% chance of receiving planning permission over the next 20+ years.
That means you have a 99%+ chance of owning a piece of land that is almost completely worthless.(the land is typically marked up by 1500% when you buy it and resale on the open market without planning permission is almost impossible)
In roulette you have a 2.7% chance of winning if you put all your money on a single roulette number.
You will also find out immediately that you have lost all your money and should learn very quickly not to gamble. If you win Roulette will also give 35 times payout not the two to three times offered by the land banking companies.
If I were to sell a single roulette number with a 3 to 1 payout for winning as an amazing investment opportunity I am sure I would be shut down and probably put in Jail.
Can anyone explain why are Land Banking companies not subject to the same scrutiny ?
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