Misery of the BTLers and property developers...

Graham_Devon

Kenny4315 wrote: »

There is plenty of guff abot BTLers all being in the Sh*te which just isn't true, I'm happy for the market to correct by around 35% from peak, as I'm seeking to purchase 4 properties with funds released in sept 2007 from the sale of my previous residence. Probably looking at around a total spend of about £600k on the four, with a deposit of between 30 and 40%, held.

Mr Clown maybe a clown but there were plenty of BTLers and developers who were aware of this correction a good time before it occurred, I can happily say that I was one of them.

Could you explain further how this is good?

It's just I have a car, which I bought for £9500 cash, and it's now worth around £6000 cash.

I also have some money I could use to buy another car.

So I too, would like to say that it's good for me that my car has depriciated 30% as it means I have less money overall. It would somewhat make me happier if I thought that because my asset was now worth a lot less, I'm actually better off?

FungusFighter

Dan: wrote: »

Yes it is :beer:

Prove it :j

Dan:_4

FungusFighter wrote: »

Prove it :j

So you honesty think there is no difference from investing in property to investing in shares? I know where I would rather have my money.

Graham_Devon

Dan: wrote: »

So you honesty think there is no difference from investing in property to investing in shares? I know where I would rather have my money.

In the bank?

1% must sound a pretty good yield?

FungusFighter

Dan: wrote: »

So you honesty think there is no difference from investing in property to investing in shares? I know where I would rather have my money.

The only difference mate is it's probably easier to get shot of shares:beer:

mewbie_2

FungusFighter wrote: »

The only difference mate is it's probably easier to get shot of shares:beer:

One difference is the leverage. Buy shares with cash - win or lose some money. Buy house with borrowed money - win or lose much larger sums. It's possible to buy shares and lose everything. It's possible to buy property using leverage and end up with less than nothing.

mp2

Dan: wrote: »

So you honesty think there is no difference from investing in property to investing in shares? I know where I would rather have my money.

todays price is the correct price for any asset.

FungusFighter

mewbie wrote: »

. It's possible to buy property using leverage and end up with less than nothing.

It certainly is if your Pickles :beer:

Dan:_4

FTSE 100 19/03/1999 Closed at 6163
FTSE 100 on Friday Closed at 3842
So you would be approx 38% down if you invested 10 years ago.

Average Property prices in 1999 were approx £90,000
Average Property prices today approx £160,000
So you would be approx 80% up if you invested 10 years ago.

I know where I would want my money. Property wins, always.

FungusFighter

Dan: wrote: »

FTSE 100 19/03/1999 Closed at 6163
FTSE 100 on Friday Closed at 3842
So you would be approx 38% down if you invested 10 years ago.

Average Property prices in 1999 were approx £90,000
Average Property prices today approx £160,000
So you would be approx 80% up if you invested 10 years ago.

I know where I would want my money. Property wins, always.

You wouldn't say that if you were sat on a mortgage of half a million for some sh1thole the ea convinced you was worth £600k done up at the peak and now you couldn't sell for half that:A

Ask Onion Boy if he ever shows his face on this therad again:rotfl::rotfl:

I'd like to see a projection for what you think property will be worth in 2 years while we're at it mate, might be good for a larf:T