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The future of B&B and BTL
Comments
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IveSeenTheLight wrote: »I'm sure if you looked deeper, you could also see that not all of these partnerships continue and thus there is another move on
I read somewhere that:-
Love is everlasting. It's the partners that come and go.
I'm not sure whose quote that is.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
as you know the quotes like many links and articles on this forum are written by journalist who will take and 'manipulate' information to suit their report/story
What, like you just did when you picked out the quotes you wanted?RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »What, like you just did when you picked out the quotes you wanted?
He's bricking it - lashing out at journalists now for some sort of conspiracy to talk the market down.
ISTR he posted here recently that he'd bought two properties with 50% deposit in the last couple of years. Falling property prices and a poor outlook for rents mean that at best that will turn out to be a very poor investment indeed and at worst could turn into a nightmare.
EDIT: Yes here it is, he hasn't delete this post (yet)
http://forums.moneysavingexpert.com/showpost.html?p=14488367&postcount=23
No wonder he's so touchy about the subject. I would be too if I had just put a load of cash into property in the last couple of years.Quote:
Originally Posted by FungusFighter
So hands up everyone who bought property in the last 2 years with 50% or more deposit - did you?
i did - twice and will probably go in again before the end of the year.
i have a good rate, good LTV (going by lowish prices) and have enough cash liquidity elsewhere in the event it is ever needed.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
And from your links...
"But he added that the strong demand for rented accommodation was not driving up rents, as the demand was being met by supply from sellers who had opted to let their home rather than accept a lower price for it in the current market"
So rents static at best, and capital values falling. Interesting times indeed.
Sorry mewbie. I didn't see that you had already posted this missing quote.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »What, like you just did when you picked out the quotes you wanted?
oh dear - you've managed to get to my point eventually to show that most things on this site isn't 100% and has holes everywhere.
btw more importantly - it's very easy to say that i picked the quotes that i wanted but have you got any data or information for August 2008 to say the contrary as the links stated.
just proves whichever side your on you will not believe what you read.
i don't mind being wrong but do mind when you don't have anything to prove that it's wrong.0 -
btw more importantly - it's very easy to say that i picked the quotes that i wanted but have you got any data or information for August 2008 to say the contrary as the links stated.
You gave the link to a very short article, then cherry picked the quotes you wanted to try to prove your point, while omitting the quote from your same article, than seemed to disprove your point.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
He's bricking it - lashing out at journalists now for some sort of conspiracy to talk the market down.
ISTR he posted here recently that he'd bought two properties with 50% deposit in the last couple of years. Falling property prices and a poor outlook for rents mean that at best that will turn out to be a very poor investment indeed and at worst could turn into a nightmare.
EDIT: Yes here it is, he hasn't delete this post (yet)
http://forums.moneysavingexpert.com/showpost.html?p=14488367&postcount=23
No wonder he's so touchy about the subject. I would be too if I had just put a load of cash into property in the last couple of years.
you are a funny character !!!!!! - yes i have purchased a couple of properties recently and will go in again shortly when the seller accepts my offer.
there were discounts and it suits me to purchase property for my partuclar circumstances. i also purchased that had corporate tenants that renewed on me buying the property - which means i have rent for a guaranteed term from their company.
i have no need to brick it (as you so politely put it) - i am in a position that i can go and purchase these properties with large amounts of cash and still have cash left over to have a healthy lifestyle something that you would not understand and looks like you are probably very jealous of by the way you try and provoke my posts.
falling property prices are for the moment irrelevant to me as my price per sq foot is probably at 2004/2005 prices so they have a hell of a long way to go to get there especially for Central london prices - Notting Hill and Kensington if you're really interested.
so !!!!!! we know that you single, we also know that you find social interaction dificult but give up on me please - it's got to be very boring searching and looking at my every post to snipe at.
get a life and get rid of your obsession with me please!!!0 -
MissMoneypenny wrote: »You gave the link to a very short article, then cherry picked the quotes you wanted to try to prove your point, while omitting the quote from your same article, than seemed to disprove your point.
no Moneypenny - you're sounding like !!!!!! now.
so for the second time maybe you'll read what i'm saying this time - it was in response to Mewbie's post and if you look on the previous page i have provided 4 articles to back up my point.
the data is out there and i posted the links - i'm still waiting for you to provide data to the contrary to my posts for the month of August.
as i said previously i don't mind being wrong but what i do mind is people saying that it isn't the case without evidence to the contrary.0 -
A shortage of rental property is a myth in the four postcodes that I track on RightMove.
Number listed:
April 08 136 52 154 26
June 08 160 50 208 36
Aug 08 177 80 271 58
Sept08 222 98 337 640 -
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