Misery of the BTLers and property developers...

mewbie_2

mp2 wrote: »

banks today are all bankrupt, not because they arent making profits but because the value of their assets have collapsed.

Umm, but couldn't they just wait... and buy more? Maybe the BTLers should have let them in on the secret.

FungusFighter

mewbie wrote: »

I'm scoring this Fungus 75 Dan 48 at present.

And I'm on the Wii at the same time:beer:

Impressed babe?

Graham_Devon

Dan: wrote: »

Property prices will rise again, at some point. As long as you don't need to sell during the bust, there is no issue.

Yes, but you are spending a lot of money servicing those properties, especially when you do not have a tennant. It's not all continual profit. You go four months without a tennant, at £500 per month, your £2000 down.

mewbie_2

FungusFighter wrote: »

Impressed babe?

Leave the babe thing and we can do some BTL bashing. Keep with the babe thing and I'm going off to the Moneysavers.

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.

Danno mate, there is something wromg with this comparison:T
Shares don't get rising damp, leaks, need new kitchens ad lamintae flooring, have bills and dodgy roofs and boilers, don't have water rates etc etc etc :eek::eek:

Houses are a fewking liability mate:rotfl::rotfl::rotfl:

ANd as for tenants, don't get me started...when I was a student me and my mates trashed a t least 3 student houses when we were wrecked :j:jand we rarely paid the rent, landlords used to go mental, nothing they could do:rotfl::rotfl:

Shares just sit there :T:T

FungusFighter

mewbie wrote: »

Leave the babe thing and we can do some BTL bashing. Keep with the babe thing and I'm going off to the Moneysavers.

OK Doll.;)

Dan:_4

mewbie wrote: »

I'm scoring this Fungus 75 Dan 48 at present.

Thanks mewbs, but I think your slightly biased towards Fungus.

Dan:_4

FungusFighter wrote: »

Danno mate, there is something wromg with this comparison:T
Shares don't get rising damp, leaks, need new kitchens ad lamintae flooring, have bills and dodgy roofs and boilers, don't have water rates etc etc etc :eek::eek:



ANd as for tenants, don't get me started...when I was a student me and my mates trashed a t least 3 student houses when we were wrecked :j:jand we rarely paid the rent, landlords used to go mental, nothing they could do:rotfl::rotfl:

You were a student???? Didn't learn much did you??

FungusFighter

Dan: wrote: »

Thanks mewbs, but I think your slightly biased towards Fungus.

I'm her favourite troll

chewmylegoff

FungusFighter wrote: »

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

overcooking it with the smilies a bit...perhaps you're going off the rails having recently been sacked and/or hit with a rent rise?