Is it time to cap house prices?

BTLNEWbie_3

SouthCoast wrote: »

Not a very sound business plan!

By not upsetting the apple cart you dont get void periods, so how is this not a sound business plan?

PoorDave

Shouldn't this whole thread be in the house prices area?

Generali

PoorDave wrote: »

Shouldn't this whole thread be in the house prices area?

It is, isn't it?

carolt

BTLNEWbie wrote: »

The people I supply my products to have no interest ( unlike the bitter you ) in buying their own properties. Without BTL's like myself where would they get places to live in from?
The councils have no interest in supplying homes and the necessary upkeep to make them delightful homes for people to live in.

How do you KNOW they don't want to buy, if they could afford it ie if you and people like you hadn't got there first, and bid the prices up for them?

Very kind of you to speak for them - can they can not speak for themselves as well, poor dears?

For all you know, I could be one of your tenants. And I can't stand my landlord's guts. But I doubt very much she has any idea.

dopester

mitchaa wrote: »

So you would market a 4bed house in the east end of Glasgow the same as a 4bed house in the west end of London:rotfl:

Its a non starter i'm afraid as location location location dictates house prices;)

Glasgow has had it bad in the past... but I don't think anything in history will prepare them for the economic slowdown that is coming.

It is no surprise, therefore, that the great surges of foreign immigration into America, as well as the waves of internal migration, have coincided with depressions abroad and at home. Robert Louis Stevenson left a marvellous record of such a migration in his volume The Amateur Emigrant. It recounts his journey in 1879 on a sailing ship to New York, and a further trip across America to San Francisco, where he joined his future wife. Most of Stevenson's fellow passengers were refugees from the depression. He wrote:

Labouring mankind had in the last years, and throughout Great Britain, sustained a prolonged and crushing series of defeats. I had heard vaguely of these reserves; of whole streets of houses standing deserted by the Tyne, the cellar-doors broken and removed for firewood; of homeless men loitering at the street-corners of Glasgow with their chests besides them; of closed factories, useless strikes, and starving girls...

A turn of the market may be a calamity as disastrous as the French retreat from Moscow... Thus it was only now, when I found myself involved in the rout, that I began to appreciate how sharp had been the battle.

We were a company of the rejected; the drunken, the incompetent, the weak, the prodigal, all who had been unable to prevail against the circumstances in one land, were now fleeing pitifully to another; and though one or two might still succeed, all had already failed. We were a shipful of failures, the broken men of England.

When opportunity is cut off in one direction, people will move in another. Where there is freedom to move, the process is practically as automatic as that which inclines plants towards sunshine. It is all part of the mechanism through which individuals actively seek their happiness and societies maintain their balance.

IveSeenTheLight

SouthCoast wrote: »

Not a very sound business plan!

Actually, it can be a very sound business plan and something I do also with my properties.
You are not considering the outgoings with making this statement.

As long as the rental income covers all outgoings and provides a profit, then any difference between his rental price and the market is increasing his profit but also increasing the risk of void periods.

Marketing slightly below market rate usually means less void periods and of course the tenants save a little too

IveSeenTheLight

dopester wrote: »

Glasgow has had it bad in the past... but I don't think anything in history will prepare them for the economic slowdown that is coming.

What? Like Scotland having the lowest mortgage to earning ratio in the UK.

BTLNEWbie_3

carolt wrote: »

For all you know, I could be one of your tenants. And I can't stand my landlord's guts. But I doubt very much she has any idea.

I doubt that after getting to know your views so intermately, it would be written in green across your face.

carolt

BTLNEWbie wrote: »

I doubt that after getting to know your views so intermately, it would be written in green across your face.

What does 'intermately' mean? Is it related to ginvzt's hosue?

IveSeenTheLight

carolt wrote: »

And I can't stand my landlord's guts. But I doubt very much she has any idea.

Why do you hate your LL so much?
I've read you say about tenants not having secured tenancy, yet in this post, you said you have lived in you current place for over 4 years and that you are accepting renting so the experience is much more pleasant

http://forums.moneysavingexpert.com/showpost.html?p=12857029&postcount=7

You also say that it is quite a good area for your younger children attending an excellent primary school.

I'm presuming the rent is reasonable, else I'm sure you would have moved elsewhere to save that bit more given that you still had a load of stuffed packed in boxes

I'm guessing, but it seems you have a place you can settle with your family (for the time being) in a good location and reasonable rent, so what has your LL done to to make you hate her guts?