Is Buy-To-Let Bust?

GDB2222

Originally Posted by RomansProperties
Some Properties are doing well at Auction

Guide Price: £140000+
Sold Price: £152000


Residential Investment comprising 3 no. 1 bed flats and 1 studio. Current gross annualised income £16,640.

neverdespairgirl wrote: »

That is a fascinating definition of "doing well" - 4 flats, for under £40k each! (Avergae £38k)

It's about right, though, to make BTL work. The yield, if the rent is to be believed and there are no major repairs, is 11%.

neverdespairgirl

I agree. But it is a significant sign of HPC, I suggest.

Gorgeous_George

It does show that there are many people in trouble. However, the figures quoted above blow out of the water the belief that many posters have that BTL is riskier than residential mortgage lending.

GG

carolt

JonnyBravo wrote: »

Yep agreed.

It doesn't sound quite as good as a topic to ask "Will some buy to let be bust?"
Just as it doesn't sound quite as good to say "Some of the av. house price increase is due to BTL"

So it would seem CluelessJock is as deluded as carolt.... just from opposite ends of the spectrum.

CluelessJock is obviously just.....clueless (the 'clue' - excuse the pun, is in the name ).

But why am I 'deluded', Jonny - pray tell?

I have asserted absolutely nothing about buy-to-let. The title was the title of the article quoted, not my own, and it was a question, not an answer.

I did think the 'comments', ie free advertising, hilarious and rather revealing though...

JonnyBravo

carolt wrote: »

CluelessJock is obviously just.....clueless (the 'clue' - excuse the pun, is in the name ).

Certainly.

carolt wrote: »

But why am I 'deluded', Jonny - pray tell?

I have asserted absolutely nothing about buy-to-let. The title was the title of the article quoted, not my own, and it was a question, not an answer.

Ah then my apologies. I construed your posting, (admittedly combined with my knowledge of your past postings and therefore some presumption on my part), as some sort of agreement with the article.
Silly of me really, beacause you're busy saying how great it is to rent in another thread so are bound to be thinking it's great of these people to supply you with your dream rental opportunity. (Sorry again.... you're not saying that either.... again it's the article.... of course you don't agree with that either)

carolt wrote: »

I did think the 'comments', ie free advertising, hilarious and rather revealing though...

Yeah a laugh a minute!
Bit like the whining of those who haven't been able to afford a house for the last 5 years only the other end of the spectrum now.
Of course this will change again in another 5? 10? years and it'll be "let's all start again".

Oh the futility of it all........

carolt

Couldn't agree with you more re the futility of all this misery based on falling/rising house prices - can't think of anything better than stable-priced, affordable property for all, and an end to speculation and making money based on depriving others of an essential resource.

Knowing the tone of some of your previous posts - and your being a BTL landlord and all :rolleyes: - I suspect this may not have been quite what you meant, though?

JonnyBravo

carolt wrote: »

Couldn't agree with you more re the futility of all this misery based on falling/rising house prices - can't think of anything better than stable-priced, affordable property for all, and an end to speculation and making money based on depriving others of an essential resource.

Knowing the tone of some of your previous posts - and your being a BTL landlord and all :rolleyes: - I suspect this may not have been quite what you meant, though?

So you want it that everyone can afford to buy a house?
Even those on the minimum wage and with 6 kids?

What multiple are you suggesting for these people?

Or perhaps there is a place for those who want/need to rent to have it supplied by a landlord?

chucky

JonnyBravo wrote: »

So you want it that everyone can afford to buy a house?
Even those on the minimum wage and with 6 kids?

What multiple are you suggesting for these people?

Or perhaps there is a place for those who want/need to rent to have it supplied by a landlord?

you've forgotten to add the preferred location too - they'd want to choose where to live of course!!

JonnyBravo

chucky wrote: »

you've forgotten to add the preferred location too - they'd want to choose where to live of course!!

it's their human rights, innit!

carolt

Yes - I'd love it if everyone could afford a secure home for themselves and their families. Why are some people only happy if they have a bigger house than others - why this need to show off?

Why on earth would I be pleased to see someone on the minimum wage and with 6 kids crammed into unsuitable housing?

It doesn't mean I want to pay a private landlord thousands of pounds a week out of taxpayers money to house people on benefits - council homes for those who cannot earn (and I mean cannot - not will not) are essential in a civilised society, and a far better use of public money than lining the pockets of speculators, such as chucky and Jonny Bravo, who - bizarrely enough - don't think so.

Can't guess why they would have that point of view. :rolleyes: