What is STR?

Gangstabird

I have checked all of the abreviations and can't find it anywhere, I know it's simple so........................:beer:

Gorgeous_George

Sell To Rent.

It means taking money out of the housing market by knowingly selling to somebody who would be better off renting. Like I had hoped to do.

GG

PasturesNew

Sold To Rent. People who sold their houses, to rent instead. There are several reasons to have done this.

Gangstabird

Thank you, I knew it had something to do with renting but I kept thinking

strive to rent
starve to rent
starting to rent


Lololol:beer:

EdInvestor

The STRs atre the people who are desperate for a house price crash.

Many of them sold their homes a few years ago, putting the money in the bank and using the interest to pay the rent.They thought prices were so high the market would crash and they would make a killing by buying back in cheaply.

They are just speculators really.

Instead prices just went on rising and after a while they couldn't even afford to buy back the house they had sold, much less make a profit.That's why they are so hopeful now that they can at last get back in without making a loss.

mr.broderick

EdInvestor wrote: »

The STRs atre the people who are desperate for a house price crash.

Many of them sold their homes a few years ago, putting the money in the bank and using the interest to pay the rent.They thought prices were so high the market would crash and they would make a killing by buying back in cheaply.

They are just speculators really.

Instead prices just went on rising and after a while they couldn't even afford to buy back the house they had sold, much less make a profit.That's why they are so hopeful now that they can at last get back in without making a loss.

Yep pretty much sums it up and i was one of them..

Gorgeous_George

PasturesNew wrote: »

Sold To Rent. People who sold their houses, to rent instead. There are several reasons to have done this.

There are many reasons but simply selling up and renting does not make someone an STR IMO (in my opinion). I reserve STR to describe someone who sells with the hope of buying again when the prices fall thereby making a conscious decision to 'play the market'. Just like selling shares when you think share prices will fall.

'Selling to rent' because they cannot manage their mortgage is not STR in my eyes - that is more like GR (getting real).

GG

Gorgeous_George

mr.broderick wrote: »

Yep pretty much somes it up and i was one of them..

somes?

:rotfl:

GG

Reds-on-Sea

So are there a list of abbreviations somewhere on this site? Can someone tell mewhere please? ) I can never work out "DH" and some others too!

mr.broderick

Gorgeous_George wrote: »

somes?

:rotfl:

GG

Hehe i edited after you quoted it, overdosing on clarityn...

Gorgeous_George

Reds-on-Sea wrote: »

So are there a list of abbreviations somewhere on this site? Can someone tell mewhere please? ) I can never work out "DH" and some others too!

I don't think that there are a list (?) but DH is Darling Husband I think.

GG