Misery of the BTLers and property developers...

mp2

Kenny4315 wrote: »

If Chucky ain't selling he ain't lost, more importantly if he's buying he's winning.

this just sums it all up.

if i borrow £1million from the bank and buy £1million worth of shares, but the shares collapse 35% are you saying ive lost nothing?

thats the old double down, hold it till i die arguement all over again.

you cant cheat mathematics at the end of the day, no matter how hard you try.

pickles110564

FungusFighter wrote: »

You guys, you make me die :beer:you really do:beer:

Hi Mushroom just because you live in the dark does not mean that you also have to keep your head in the sand.

pickles110564

mp2 wrote: »

rent also will be dropping like a stone within 12 months.

I have taken a hit on the last two I have let out but with my BTL mortgages at 1.25% and 1.55% I am building up a nice slush fund for the future.

pickles110564

Kenny4315 wrote: »

The position the remaining BTL will be in is strong as the crash will eliminate the competition. The result will be increasing rents not decreasing rents, as most of the BTL's become owned by a significantly smaller number of individuals.

At the moment I have found that rents are dropping due to the amount of young couples that are trying to rent their homes out while they move back in with their parents. It has caused quite a glut in our area at the moment and with jobs being hard to hold on too, I believe that it is going to get a whole lot worse before any signs of improvement are visable.

Graham_Devon

I know one BTL landlord who would offer a lowish price on the family type house, then have the estate agent ring him if that house was sold to another buyer. He would then offer more money to stop the family buying it.

I.e he would keep his low offer there in the hope the seller would become desperate, and if not, would "stop" the family buying it by whipping it out from under their feet.

He now has around 25 properties, which he would rent out to these families who couldnt afford to buy houses because of the handfuls of people like him. Just look at the Wilsons for this on a large scale.

The landlord is now in dire straits. He's riddled in debt, and losing the rentals, so having to pay these mortgages himself in a lot of cases.

We reckon it will only be months before he's bankrupt. Yet he talks up the economy like there is no tommorow, saying all this is actually good for him.

He spent so long telling us of his empire, and his holidays and his retirement plan.

Am I secretly delighting in his downfall?

Yes.

pickles110564

Graham_Devon wrote: »

I know one BTL landlord who would offer a lowish price on the family type house, then have the estate agent ring him if that house was sold to another buyer. He would then offer more money to stop the family buying it.

I.e he would keep his low offer there in the hope the seller would become desperate, and if not, would "stop" the family buying it by whipping it out from under their feet.

He now has around 25 properties, which he would rent out to these families who couldnt afford to buy houses because of the handfuls of people like him. Just look at the Wilsons for this on a large scale.

The landlord is now in dire straits. He's riddled in debt, and losing the rentals, so having to pay these mortgages himself in a lot of cases.

We reckon it will only be months before he's bankrupt. Yet he talks up the economy like there is no tommorow, saying all this is actually good for him.

He spent so long telling us of his empire, and his holidays and his retirement plan.

Am I secretly delighting in his downfall?

Yes.

Good Jackanory, you sound more like !!!!!!? and Brit and Wookster everyday

FungusFighter

Graham_Devon wrote: »

I know one BTL landlord... now in dire straits. He's riddled in debt, and losing the rentals, so having to pay these mortgages himself in a lot of cases....We reckon it will only be months before he's bankrupt. Yet he talks up the economy like there is no tommorow, saying all this is actually good for him.
He spent so long telling us of his empire, and his holidays and his retirement plan.

Bravo mate -there you have it, the more they talk about it the bigger the mess their in.:A

Same applies to a few I know:T:T

On a completely unrelated topic, bailiffs cme knocking yet have they Pickels? :rotfl::rotfl:

mewbie_2

FungusFighter wrote: »

On a completely unrelated topic, bailiffs cme knocking yet have they Pickels? :rotfl::rotfl:

He's probably gone again.

FungusFighter

ess0two wrote: »

At some point??????you had an element of credibility or sort of?

Now your making a complete c ock of yourself.

Sprry mate but I never had any credibility in fact I have gone out of my way to avoid it:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

pickles110564

FungusFighter wrote: »

Bravo mate -there you have it, the more they talk about it the bigger the mess their in.:A

I see the big business man has returned. I have worked out what trade you are in, you supply the sellers of The Big Issue.:rotfl: :rotfl: :rotfl: :rotfl: :beer: