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!
"Buy to let is a wonderfull thing" Landlord on BBC
Comments
-
I can only assume the explanation is that it is easier to buy houses with borrowed money than shares, and buying a house gets you a tax break on the yield in a way shares don't.
And as we have seen, speculating with borrowed money is not a great idea when there is a risk of the market falling.
Did people honestly really imagine that property could never fall in price again?
As for the tax breaks, there are share ISAs though I know very little about them.Retired in 2015.
Moved to Ireland September 20170 -
Could it be true that as repossessions rise BTL landlords could be quids in as more people have to privately rent thus pushing up the prices in the rental market? That's my thinking anyway. Anyone else agree?0
-
Rents are going up as there's more demand for rental property as people are holding off jumping on the housing ladder to wait and see what happens with the market.Leanne1812 wrote: »Could it be true that as repossessions rise BTL landlords could be quids in as more people have to privately rent thus pushing up the prices in the rental market? That's my thinking anyway. Anyone else agree?
I don't get the dislike for BTL landlords. I rented for 10 years before I could afford to buy somewhere. I needed somewhere to live in this time so I rented. What else was I meant to do?! Lots of people need to rent for various reasons, e.g. living somewhere short term etc. I don't get what makes the people who own these houses so bad?0 -
Squirreler wrote: »Rents are going up as there's more demand for rental property as people are holding off jumping on the housing ladder to wait and see what happens with the market.
Why do you say that?
In central London, rents are the same in £ terms or lower than a year ago....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 -
Have a look:neverdespairgirl wrote: »Why do you say that?
In central London, rents are the same in £ terms or lower than a year ago.
http://news.bbc.co.uk/1/hi/business/7404947.stm
More here:
http://news.bbc.co.uk/1/hi/business/7404947.stm0 -
Squirreler wrote: »
They are both the same link and are 5 months old.
Property bee is showing that rents are falling in my area too now. The streets are peppered with "To Let" boards.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 -
Sorry, I had two links but copied and pasted the same one twice.
Rents here seem to be going up; I guess it's different in different parts of the country.0 -
-
That's not what is happeneing in central London, so it must be one of those things which varies between areas. Both buying and renting prices are lower in real terms, the former more so than the latter....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
-
"Buy to let is a wonderful thing."
6 months later I wonder how much his 10 property portfolio is worth now?
-£150K, -£200K wiped off the value? More?
If he still considers himself to be nouveau riche.Nouveau riche (French for "new rich"), or new money, refers to a person who has acquired considerable wealth within his or her generation.[1] This term is generally to emphasize that the individual was previously part of a lower socioeconomic rank, and that such wealth has provided the means for the acquisition of goods or luxuries that were previously unobtainable.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K 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
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards