btl's not really dead is it?

Microstar_2

ds1980 wrote: »

By the time i am your age i certainly won't be working.

The times I've heard that one :rotfl:

WTF?_2

pizzagirl wrote: »

Thinly veiled "Look at me, haven't I done well, aren't you all jealous" thread IMHO

But slashing rates is all about saving jobs and helping the unemployed keep their homes !

dopester

ds1980 wrote: »

Ha Ha.

2 of my btl's are on lifetime trackers! .19% above base rate. Keep the money rolling in.

Who cares about hpi when effectively i'm earning £500-£600 a month more than 3 months ago!

Enjoy it whilst it last ds.

At best, severe downward pressures are coming on rent values, including housing benefits.... and worse for the landlords competing for tenants that will see longer and longer void periods. Lets see if you're still laughing in 12 months.

MissMoneypenny

Dithering_Dad wrote: »

When I was 29 I had a girlfriend who was 19, inexperienced but in that 'experimental' phase.

I wouldn't swap those memories for all the BTls in the world!

*DD drifts off into a daydream about those amazing days (and nights!)....*

I haven't seen you around on these boards for a while. Have you been on holiday?

HammersFan

carolt wrote: »

Thought we hadn't seen you for a while.

You do come across as - how do I say this kindly - a bit of a prat? from your OP, though I recall your comments of old being a little less self-congratulatory and one-dimensional.

I suppose it's all about what you want from life, isn't it?

By the time I was your age, I'd paid for my wedding and had my first child.

You had your BTL's.

Know which I'd choose - but then we're all different, aren't we. Some put weddings first, some put BTL's first.

What a lovely world.

Carol - that sounds really bitter. Have you not posted about how you have saved several thousand pounds by not buying? And implied criticsim of life choices is way out of line. And you are teacher??? Jeez. What a lovely world indeed.

HammersFan

dopester wrote: »

Enjoy it whilst it last ds.

At best, severe downward pressures are coming on rent values, including housing benefits.... and worse for the landlords competing for tenants that will see longer and longer void periods. Lets see if you're still laughing in 12 months.

Most BTL'ers could cut £100 from the rent and still be up after the recent cuts - but why should they? The OP is on a great deal there, turning a profit no doubt. Why shouldn't he be happy in the same way as you are happy that house prices are dropping to 50% (apparently).

You post smacks of deep dissapointment that things aren't going your way.

dopester

Not exactly HF, in that I'm not here gutted with some thought that house prices will stop crashing and level off.

I'm just giving my thoughts that it isn't something to get overly excited about, nor a signal to start buying more BTLs. Rents levels can only be supported by what people, and government, can pay, with the news giving daily reports of companies and individuals going bust, or insolvent.

"The dramatic increase in corporate insolvencies in Q3 2008 continues a trend that we believe will accelerate well into 2009 as companies are hit by the dual blows of a continuing credit squeeze and depressed demand," warned the accountancy firm Ernst & Young. Many more corporate liquidations appear to be in the pipeline.

The number of receiverships, administrations and company voluntary arrangements, which are normally an attempt to rescue an insolvent business rather than shut it down, rose to 1,444.

That was 65% higher than a year ago, the government's Insolvency Service said.

"With the full effects of the credit crunch and rising unemployment yet to be felt, bankruptcies are set to soar over the coming two or three years," said Capital Economics.

http://news.bbc.co.uk/1/hi/business/7715045.stm

markelock

ds1980 wrote: »

yeh think there would be a few on here that would accuse me of being amateur, far from it. Although still younger than 30 i built mine up with careful consideration and have never ever mew'd on any of them.

Have paid off (capital) in a rising market and have now (for tax purposes also) changed them all to interest only (good job i did it a few months back) to allow more money to be put into our own "home". Once that is paid off (won't be long hopefully!) then ill start repaying the loans on our others. I will never sell them as they are my income in retirement. Like my shares and other investments they will all go to my children (when i have them!). They can do what they like with them. I will never ever ever make a loss on them that is sure apart from (if/when) world war 3 breaks out!

In the meantime i 'm still saving for our wedding!

must be one hell of a wedding if it costs more than an M5.

Fair play to you, you've done well, and you know what you're doing. You can't knock that.

neverdespairgirl

carolt wrote: »

By the time I was your age, I'd paid for my wedding and had my first child.

You had your BTL's.

Know which I'd choose - but then we're all different, aren't we. Some put weddings first, some put BTL's first.
.

And some of us neither (-:

carolt

katew87 wrote: »

Im not looking to buy another 5 or 10 or even 1 more property. Im lucky to have a good job which funded another deposit for a second house - I cant really see this as a problem. Im not boasting how much I earn because I dont it pays for itself and thats about it.

I grew up watching my mum struggle and I suppose it made me determined to be successful or give it a good go anyway.

I think you may have hit the nail on the head there Kate - you didn't start a thread specifically to boast about yourself and your superiority to other mere mortals.

Strangely, that is why the OP is not very popular on this thread.

He's not always this obnoxious, BTW, he's just trying really hard to be here.