Misery of the BTLers and property developers...

Graham_Devon

Kenny4315 wrote: »

GD .. we can safely say that interest rates are low, and are going to remain so for so time to come, at under 1% for the next 6 months and below 3% for the next 3 years. What more is there to say.

What's your current position. renting, or owner (is so what's your equity).

<cough>

I'd rather you safely state that.

I know personally rates can go up just as fast as they came down.

You do realise we have been printing money?! You do realise what printing money has caused everytime it has been used?!

Why why why do BTL investors insist on stating this cant happen, not this time. Under 3% for the next 3 years is a VERY narrow prediction.

I don't know what my equity is at the moment, but as I have said elsewhere, BBC reports show a -1.9% decrease on my type of property in my area (the sort you would look to buy) since peak. It even shows a 0.3% increase in the last quarter. Personally I do not believe that as its showing -15% since peak on 3 bed detached and -19% on over 4 beds in the same area.

Kenny4315

When was the last time they hit your 8% rate ?? I meant 2 years and have corrected this.

Graham_Devon

Kenny4315 wrote: »

When was the last time they hit your 8% rate ?? I meant 2 years and have corrected this.

I stated 5%.

I just said 8 as a "what if".

As for when, after the last recession when the tories came in. Oooo, spooky

Dan:_4

Graham_Devon wrote: »

As for when, after the last recession when the tories came in. Oooo, spooky

The Tories were already in power at the end of the last recession.

Kenny4315

Graham_Devon wrote: »

I stated 5%.

I just said 8 as a "what if".

As for when, after the last recession when the tories came in. Oooo, spooky

We ain't going to be at 5% either for a long time.

Kenny4315

WHAT IS YOUR POSITION ... how much have you got at stake ... or are you an on the fence investor who talks alot but in terms of action does NOTHING.

Graham_Devon

Kenny4315 wrote: »

WHAT IS YOUR POSITION ... how much have you got at stake ... or are you an on the fence investor who talks alot but in terms of action does NOTHING.

On the fence investor? LOL, no.

I'm someone who has been effected by the greed of people like yourselves. Now smug, watching your downfall and insistence to deny this could get very sticky.

Kenny4315

Quote GD.

Well I'm in Shared Ownership, it was either that or rent for me, and this worked out cheaper. There was no way at all in this area that I could have got a mortgage for a house in 2006. There was an article in the paper not too long back stating people would need an income of at least £60,000 to afford a 2 bed house here.

So Devon your hardly an expert then.

They say praying might help. I'm an athestist so wouldn't know.

Graham_Devon

Kenny4315 wrote: »

Quote GD.

Well I'm in Shared Ownership, it was either that or rent for me, and this worked out cheaper. There was no way at all in this area that I could have got a mortgage for a house in 2006. There was an article in the paper not too long back stating people would need an income of at least £60,000 to afford a 2 bed house here.

So Devon your hardly an expert then.

They say praying might help. I'm an athestist so wouldn't know.

When did I ever say I was an expert?

Getting touchy?

Kenny4315

Graham_Devon wrote: »

When did I ever say I was an expert?

Getting touchy?

Nope what is apparent is your jealous of BTLers who have no worries .... and are hopeful that it will crash so you can get a 100% mortgage, based on salary x 3, because you have no deposit....

Probably you ain't made a bean in the HPI and your not HP about that either....

You can but hope GD, but hell will freeze over before I'm in negative equity... get the rosary out and start praying.