Misery of the BTLers and property developers...

chewmylegoff

Kenny4315 wrote: »

How would have you been a slave if a big chunk was being paid by the lodger.

if the lodger enslaved you and made you build some pyramids in your back garden without paying you for the work?

Graham_Devon

Kenny4315 wrote: »

It's easy to find a good lodger. When I worked away I found this very helpful in terms of making sure my house was occupied, and secure. They even came to my wedding. How would have you been a slave if a big chunk was being paid by the lodger.

If the lodger left!?

Plus the fact you don't seem to have picked up on. I simply don't want to live with someone I have no connection with and I'm reliant upon to pay my bills? Something called, choice? Something I wouldnt have much of if having to get someone else in to pay my bills?

Kenny4315

Graham_Devon wrote: »

Trapped as share prices fall? No. I'm not 100% mortgaged. Also, just means the other shares are less expensive to buy! If it falls 50% from the time I bought it in 2006, if I wanted to buy a further share, I could buy the same share as I bought in 2006, for 50% of the price I paid in 2006!

isn't this similar to what i've been saying on increasing a BTL portfolio in a falling market ?

Kenny4315

Graham_Devon wrote: »

If the lodger left!?

Plus the fact you don't seem to have picked up on. I simply don't want to live with someone I have no connection with and I'm reliant upon to pay my bills? Something called, choice? Something I wouldnt have much of if having to get someone else in to pay my bills?

Get a new one. I get a very distinct impression that your not a social animal Devon. You never know the lodger might become your best friend. I had a call from a lodger of mine the other day, who was lodging with me in 1998.

My wife lodged, with a family, who she now treats as a second mother, and she often babysits my kids.

It's up to you but it's a damn good way of making ends meet, and it tax free.

Kenny4315

chewmylegoff wrote: »

if the lodger enslaved you and made you build some pyramids in your back garden without paying you for the work?

Been drinking again Mr Chew. :beer:

Didn't think of that scenario myself, thanks for the update.

Graham_Devon

Kenny4315 wrote: »

Get a new one. I get a very distinct impression that your not a social animal Devon. You never know the lodger might become your best friend. I had a call from a lodger of mine the other day, who was lodging with me in 1998.

My wife lodged, with a family, who she now treats as a second mother, and she often babysits my kids.

It's up to you but it's a damn good way of making ends meet, and it tax free.

With the greatest of respect Kenny. If I had taken the advice you are giving me now, when I bought this I would be:

- Relying on a lodger keeping his job to pay my mortgage
- Relying on myself keeping my job
- Struggling to save
- Facing 100% of the negative equity instead of just a 25% share of the negative equity and being trapped in my house desperately seeking the next person who also can;t afford to live to rent a room and eat my food.
- Not being able to have enjoyed the 8 holidays I went on last year, while running my very expensive hobby car and my runaround car

Thanks for the concern and all that. But I'm rather happier as I am, paying a pittance for the roof above my head, off my own back, able to enjoy time away, and able to do other things with the one life we live!

chewmylegoff

Kenny4315 wrote: »

Been drinking again Mr Chew. :beer:

Didn't think of that scenario myself, thanks for the update.

it is one scenario of many. the lodger could tie you up in your sleep and put you on board a vessel bound for the colonies where you spend the rest of your days working on a planation, for no pay.

alternative to put a modern twist on things they could get you hooked on heroin and force you to have sex with strangers in a grotty room in soho.

Kenny4315

One of my mates did catch the lodger being a dirty devil with his brid on the sofa, when he went over one night when I was over in Holland. Unfortunately he didn't have his camcorder....

Maybe you should change your advert in the press, Mr Chew. Or perhaps a vetting process ??

chewmylegoff

Kenny4315 wrote: »

One of my mates did catch the lodger being a dirty devil with his brid on the sofa, when he went over one night when I was over in Holland. Unfortunately he didn't have his camcorder....

Maybe you should change your advert in the press, Mr Chew.

what am i advertising for these days, i lose track? is it a plea for 125% mortgagees to give the money back?

Kenny4315

chewmylegoff wrote: »

force you to have sex with strangers in a grotty room in soho.

What do the strangers look like ? On the pint scale of 1 to 25 ? :beer: