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Struggling BTL Investors
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ad44downey wrote: »No, only one type. They're invariably very greedy, inconsiderate people who inflated house prices by borrowing large amounts of other people's cash. And who deprive ordinary, hard-working people of the chance of owning their own home
How many FTB's have ever bought a house with more than say 15% deposit ??? Have they not borrowed 85%, most repo's are private 100% plus ordinary people I do believe ??0 -
leveller2911 wrote: »
YEP IM RIGHT AGAIN.....GREED...GREED...GREED.......WHY DO YOU NEED ALL THAT KENNY.???..SEEMS LIKE ITS JUST A GAME TO YOU....ITS PEOPLES LIFES TOO
YOU SOUND LIKE ANOTHER NICOLAS VAN HOOKSTRATEN (forgive the bad spelling) I can just picture the fur coat and big cigar...lol
Why do you not live in a tent in a field ???
Money is not that important to me or I'd be out earning at least £100k+ a year management consulting, instead I choose to take voluntary severance, to be at home rather than on the road, away from home or abroad monday to friday.
Do you work for free or do you get paid ??0 -
leveller2911 wrote: » YEP IM RIGHT AGAIN.....GREED...GREED...GREED.......WHY DO YOU NEED ALL THAT KENNY.???..SEEMS LIKE ITS JUST A GAME TO YOU....ITS PEOPLES LIFES TOO
It doesn't sound like a game to him at all. He gave you full figures for his properties and reasoned arguments about his attitude towards his business.
If you don't agree with what he's doing, that's fine. But try putting together some coherent arguments rather than shouting random slogans in capitals with lots of those annoying smiley things.0 -
How many FTB's have ever bought a house with more than say 15% deposit ??? Have they not borrowed 85%, most repo's are private 100% plus ordinary people I do believe ??
You stated earlier Kenny that BTL was a small percentage of sales,simple economics dictates more repo,s will be "100% plus ordinary people" and not BTL....have to wait and see what happends this year.will be interesting to see what % of BTL go bust....Dont think I can add much more:rotfl: :rotfl:
PS the 15% deposit ...well again simple economics....you cant save enough for a bigger deposit if house prices increase at say 8% per year,,Hands up all those who had a pay increase of half that??????????
thought so,,,just one chap at the back :rotfl: :rotfl: :rotfl:0 -
Why would you want a pay increase ... GREED ??? :rotfl:0
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Missed the boat springs to mind, perhaps this time when at the bottom you will put your hand down your trousers and grab hold of the thing you lack.leveller2911 wrote: » Call me "Old Fashioned" but whats is so wrong with "owning" 1 home and living a life?????
It seems SO many people are intent on owning the "world",, just leave a little piece for us "underclass"...I work my @rse off too, been self employed for 22yrs, I work around 55hrs a week, earn a decent wage .I would still love to own my own house and due to rediculous local prices I havent played the "Game" ive just saved...
seems LIKE A "DIRTY" word now !!!!!!
I agree someone has to own the housing stock.....
I stand by my last coments ............in general BTL Landlords are one up on the evolution scale from MP,s...............
************GREED..........GREED...GREED...........0 -
So am I wrong for Not borrowing 125% mortgage???????
Instead we saved,Its Not savers who have got this country in the !!!!!! ....
I think I tried to do the right thing,Not borrowed.
If everyone went out and played the game of Higher,Higher,Higher we would be even deeper in the mire....How can you slate people who havent gambled??? sure there are a lot who have and won,,but its the vast numbers now who have gambled and gonna lose big time that have burdend the rest of us....I got off my backside worked hard and I can see the next 5yrs or so are gonna be tough for us(the country) .................................
As for "missing the boat" I still refuse to borrow more than I can pay back,,again I guess im old fashioned...But Hey I didnt get us in the !!!!!! so I can sleep easy ..............no further comment to make,its lunchtime..0 -
They only borrow to buy one property though, i.e. somewhere to house their family. They don't use the equity in the first one to buy loads more property in a poncy pyramid scheme.How many FTB's have ever bought a house with more than say 15% deposit ??? Have they not borrowed 85%, most repo's are private 100% plus ordinary people I do believe ??
P.S. You may think you paid below 'market value' but that 'market value' was artificially skewed upwards by people like yourself feeding the bubble for your own selfish motives..Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
no further comment to make,its lunchtime
Ah, the very epitome of greed!0 -
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