It's Spring, where's the Bounce?

mewbie_2

Just realised it's April, nearly, peak time for house buying / moving / nesting / etc. Interest rates are at silly levels but no signs of cheer on the housing market. Surely by now the BTL investors who said "they'd just buy more" would be piling in by now. If even these brilliant business minds are sitting on the sidelines then it seems much more pain is yet to come.

So far, in the recesssion, we have seen one failed attempt after another, to reflate / fix the economy. Brown has no more ammunition. The UK had the biggest house price bubble, and is the worst placed economy - this is a double whammy.

This house price crash could turn out to be the worst in history.

All depends on your view point of course. From mine I'll wait five years and then maybe it will be worth looking at BTL from a pension point of view. It's all about yield dontcha know? :rotfl:

Dan:_4

Dealyed to a Summer Bounce for this year

mewbie_2

Remember the misjudged cut September 2005 which gave fresh bounce to the bubble? It was .25%. :rotfl:

If Brown can't reflate this bubble with interest rates at .5% then what else can he do? In a year or so taxes and VAT go up (already in the figures), plus we are heading for huge additional tax from somewhere to pay for the failed rescue package.

Let's see how much a pile of bricks can actually bounce shall we.

Graham_Devon

mewbie wrote: »

Just realised it's April, nearly, peak time for house buying / moving / nesting / etc. Interest rates are at silly levels but no signs of cheer on the housing market. Surely by now the BTL investors who said "they'd just buy more" would be piling in by now. If even these brilliant business minds are sitting on the sidelines then it seems much more pain is yet to come.

Come on. Don't you realise that the lack of a bounce is good for the BTL briagde?

It would also be good for them if there was a spring bounce.

It would also be good if houses were down 98%.

It would also be good if they were up 94%.

It would also be good if interest rates rose.

Its also good if more people lose their jobs as more DSS, it's also good if more people get jobs as more people able to pay.

Everything is good. You want to listen to the BTL landlords of these forums before making the fatal mistake of suggesting that something may actually not be going their way.

agent_orange_2

Another sad thread for the self-indulgent. What do you lot do for fun ?

mewbie_2

agent_orange wrote: »

Another sad thread for the self-indulgent. What do you lot do for fun ?

Another off topic post. What's your view on the Spring bounce and lack of recovery?

Graham_Devon

agent_orange wrote: »

Another sad thread for the self-indulgent. What do you lot do for fun ?

Ahhh another landlord?

How's business?

damanpunk

Graham you seem to have a real issue with BTL, strange as you were considering it yourself not that long ago.

http://uk-mkivs.net/forums/p/100674/695280.aspx#695280

http://uk-mkivs.net/forums/p/137320/916622.aspx#916622

I know this may sound crazy but perhaps things are going ok for these guys :eek:

mewbie_2

damanpunk wrote: »

I know this may sound crazy but perhaps things are going ok for these guys :eek:

Got a link that might show how well things are going? Town centre flats perhaps? New build estates? Property Bee showing signs of improvement? Inside Track brochure?

edit: Inside Track...
http://www.thisismoney.co.uk/mortgages/buy-to-let/article.html?in_article_id=426200&in_page_id=56

Graham_Devon

damanpunk wrote: »

Graham you seem to have a real issue with BTL, strange as you were considering it yourself not that long ago.

http://uk-mkivs.net/forums/p/100674/695280.aspx#695280

http://uk-mkivs.net/forums/p/137320/916622.aspx#916622

I know this may sound crazy but perhaps things are going ok for these guys :eek:

LOL, its gotta be Damian!

agent_orange_2

Graham_Devon wrote: »

Ahhh another landlord?

How's business?

How wrong you are there. Our one and only property is paid for, we live in it.
We have savings and no debt.
I am not concerned that our own property has dropped in value, as I have said, we
live in it.
I suspect you are in a similar situation, but unlike yourself and many other posters
here, I take no pleasure in other peoples misery.