We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interesting thread on squealing pig
Comments
-
PasturesNew wrote: »But she was doing it for the children! ... and stopping the children of 32 other families (64 if that's couples) getting their own home.
It's a free market though. If the other families couldn't afford then they can't have. Too bad. They will have to rent. As a lot of people on here have been saying don't buy for the last few years because of an imminent crash there is little point complaining when investors buy the houses instead of the families who could have bought but chose not to.
Most of the BMV brigade buy stuff that has been hanging around for months rather than snapping up property from those families anyway.
Those without their own roof seem jealous of those that have one. Are those that hate BTLers just jealous as they had guts to follow an idea and it is something they wished they had the courage to do in their own life? BTL is a business/investment; why does it seem to get more moral objections than investing in companies that treat their staff like dirt or those that use child labour? Plumbers make money from people's misfortune in essence so why aren't they as villified?0 -
BTL is an investment largely build on a flawed premise
that property only ever increases in value, and this is all that matters.
This allows people to ramp up huge debts in negatively geared investments in the expectation of future gains.
when these future gains fail to materialise in time, then it's game over.It's a health benefit ...0 -
It's a free market though. If the other families couldn't afford then they can't have. Too bad. They will have to rent.
Maybe you should post something similar on the SP thread to the OP there?
It's a free market, though. If you can't afford to pay the mortgages, you can't have the BTLs. Too bad. You will go bust....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
BTL is an investment largely build on a flawed premise
that property only ever increases in value, and this is all that matters.
This allows people to ramp up huge debts in negatively geared investments in the expectation of future gains.
when these future gains fail to materialise in time, then it's game over.
This is where you are wrong.
BTL's are not an investment on the property value.
They are an investment on the rent yield.
If you invest and market properly then in essence you have a property that can generate an income for you when the tenants have paid off the mortgage
The property value is (should) not be a deciding factor in the property.
The value only is a factor when you decide to leave the investment as a LL:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
neverdespairgirl wrote: »Maybe you should post something similar on the SP thread to the OP there?
It's a free market, though. If you can't afford to pay the mortgages, you can't have the BTLs. Too bad. You will go bust.
Very true, BTL investments should be self funding and risks calculated:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
given the banks will need to honor any tenancy(1) the tenants should be protected provided they have the good sense not to pay the last months rent till their deposit is returned
only family in danger is the landlords
(1) or the landlord should be jailed for fraud with 32 properties not on BTL mortgages
The 32 tenants will be put out on the street within weeks by the mortgage provider(s)0 -
given the banks will need to honor any tenancy(1) the tenants should be protected provided they have the good sense not to pay the last months rent till their deposit is returned
only family in danger is the landlords
(1) or the landlord should be jailed for fraud with 32 properties not on BTL mortgages
Why would any LL return a deposit to a tenant who is a month in arrears with rent payment?
Rent is paid up front ahead of the month:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I have £10000s in cash waiting to buy-out the likes of 'Patsy' for 50p in the £. And no molly-coddling 'professional' tenants either - the rental yield will be spectacular!0
-
I have a feeling Patsy could be a strawman?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
-
I have a feeling Patsy could be a strawman?
Precisely.
It's even been documented in the thread. Complete with a list of some of the usual obvious signs.
Amused to see others here now working themselves into a frenzy. (I could have guessed the names)
Why don't we all take turns making up a landlord in trouble and posting on here so everyone can trot out their best lines on them?
I'm going to make sure mine has more than 37 properties though. :rolleyes:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards