Misery of the BTLers and property developers...

FungusFighter

pickles110564 wrote: »

I have large BTL mortgages but they are only charging me 1.25% and 1.55% so why is it hard for me when all the properties have tenants in.

I dunno mate, because your lying?

Dan:_4

FungusFighter wrote: »

Things is good mate but then I am in a growth industry :rotfl::rotfl::rotfl:

Hows things in the rent-boy game?:T

Execllent stuff. So how many big issues you sold? Your deposit must be building up nicely.

FungusFighter

Dan: wrote: »

Execllent stuff. So how many big issues you sold? Your depoist must be building up nicely.

I have got a deposit bulding up nicely for when that Mewbie bird shows up :rotfl: :rotfl:

Looks like you weirdios have been having fun without me

Getting a bit too serious, think it's time to start a newthread:T

mp2

Kenny4315 wrote: »

How's that you mathematical moron.

£350k purchase price + £70k refurb = £420k, value late 2008 £800k (after getting on for 15% of the drop), another 20% would take that down to £640k, meaning I'd still be up by £220k. The O/S mortgae balance is £225k, as I put £100k down and paid a further 10% without penalty. So it would have to fall over £700k or just over 75% from peak, or well over 65% from the end of 2008 position.

In other words the country well and truly dekcuf, as there are plenty of folk ahead of me in the negative equity queue.

They may have a period of NE but unless your totally stupid which is a significant possibility it is clear that I have no possibility of NE. :money:

sure, of course its worth 800k.... you just said a similar house down the road where they spent 200k doing it up has just been sold for 625k.

you spent 70k on yours which is worth 800k. yeh right.

also youve been saying youre doing great because your 600k property is clearing you £1200 a month.

interest rates are at the lowest it will ever be, the lowest on 300 years, and youre yielding £14,000 a year on a property you reckon is worth 600k.

with interest rates at pretty much zero, and the lowest mortgage rate possible, youre yielding 2-3%.

youre telling me that 2-3% is the highest you can possibly yield on your property, and you still dont see the problems ahead. and your an accountant.

pickles110564

FungusFighter wrote: »

I have got a deposit bulding up nicely for when that Mewbie bird shows up :rotfl: :rotfl:

Looks like you weirdios have been having fun without me

Getting a bit too serious, think it's time to start a newthread:T

Hello mushroom, still being kept in the dark then.

FungusFighter

pickles110564 wrote: »

Hello mushroom, still being kept in the dark then.

Haha, still running a stable of logons I see Onionboyo:beer:

Deleted any posts lately?:T

pickles110564

FungusFighter wrote: »

Haha, still running a stable of logons I see Onionboyo:beer:

Deleted any posts lately?:T

You should lay off Mewbie he is a bloke he told us in his postings, but then again we know you preference.

FungusFighter

pickles110564 wrote: »

You should lay off Mewbie he is a bloke he told us in his postings, but then again we know you preference.

You'd know mate

Got that ex-la sh1thole on the market yet then have yer :beer:

Or still struggling with the ole magnolia ans laminate flooring:rotfl::rotfl::rotfl::rotfl:

mp2

Kenny4315 wrote: »

Devon I'm 38 (I bought my first house at 25 and paid by 30), and no-one ever gave me a hand-out ever, or a hand-up, that's for certain.

Did I not hear you correctly .... when you said that you were 'smug' that BTLers were all going to the wall ??? irrespective of how they'd got in that position. I didn't get into my position by equity release, or becoming debt ridden, I got here because I FFing worked real hard, and for real long hours, and not just pizzing about on mobiles and drinking tea, (or posting 24,000 times on MSE), I mean flat out for 12 to 16 hours with maybe 10 minutes off.

You do seem to be have a selective memory on the old insults there old bean..... let's just face facts ... you dislike anyone with a BTL, probably because you feel you missed the boat. It wasn't just BTL's forcing the market up though which you fail to understand.

I stated factual information on my position to back up my points (if the figures grind on you maybe you should be discussing the thread with a BTL & Developer, as its obvious I'll make reference to figures, unless you want a debate with no reference point),which you ignored, but hey GD, if you like shared ownership or whatever, that's your choice.

this is fair enough kenny if you worked your !!! off over the past 2 years.

ive never had any problem with btl, i dont really care, im just telling you the state of things to come as it is, the market is going way down and yet many people still try to convince themselves otherwise that things are fine. old prices, 2007 prices, 2006 prices, its pretty much all irrelevant.

using any price during this bubble as a marker is just fantasy. there is nothing supporting it whatsoever.

no different from valuing todays share prices against prices during the stock market bubble or hbos shares at £12.

you even say you expect prices to fall another 35% so im not quite sure what your arguing against??

FungusFighter

mp2 wrote: »

this is fair enough kenny....

.....so im not quite sure what your arguing against??

It's spring, it's the closest he can get to getti g his legover mate :T:T