Terrible suffering in BTL land reported daily...

FungusFighter

treliac wrote: »

Better to follow your example and become an undertaker, eh? The client group never plays you up.

Never have any trouble with the stiffs it's the relatives that creep me out:eek:

matbe

FungusFighter wrote: »

Never have any trouble with the stiffs it's the relatives that creep me out:eek:

My mum always said "don't fear the dead its the living you should be wary of".

StevieJ

matbe wrote: »

My mum always said "don't fear the dead its the living you should be wary of".

How true is that

StevieJ

matbe wrote: »

My mum always said "don't fear the dead its the living you should be wary of".

The other day I cut through and went down some steps that are very haunted (and we have many haunted places) and got mugged at the bottom :eek:

Only joking

pickles110564

FungusFighter wrote: »

Mate, you navvy an clean for a living, your on call 24/7 to a bunch of scuzzy renters who also live within shoutin distance and you have to exaggerate yer earnings on a forum to justify it. Personally I don't give a b0ll0ck what you earn an hour, your hardly living the dream are yer?:rotfl: :rotfl:

Better than Broders pulling your strings everyday and the different made up job for your puppet.

pickles110564

FungusFighter wrote: »

How about Mewbie and co try to help BTLers to come out of denial and face reality?
(:rotfl: )

Broders, It is right you and your puppets are all bitter about missing the boat and this time you will miss it again.

julieq

Just out of interest, where are the bears who sold out and are waiting for the bottom of the market living? Would it be in rented accomodation maybe? And who owns that house? I think bears have a moral obligation to move out of rented accomodation to teach their landlord a bl00dy good lesson, lol.

It's one of life's amusing little ironies, but a sharp fall in house prices is better for BTL landlords than a long period stagnation because it tends to cement people into the rented sector. Also as interest rates remain low the yield increases to provide income. There isn't a massive excess in supply of rented houses in residential areas and everyone has to live somewhere.

My judgement a couple of years ago was that BTL was a risky investment because I was expecting stagnation rather than a crisis, and at the levels of rents I was seeing locally I saw no income. At that point the BTL paradigm was mostly based on capital growth and in fact it made a lot of sense to rent rather than buy a house because like for like rental was cheaper.

It's different now. If I had the cash I'd be snapping up houses, even on the basis of a fall for a couple of years and a recovery over the next 5 back to current levels, which is a very conservative view, the rental income appears secure incremental cash. I think we're starting to see that analysis in the market personally, but we'll have to wait and see. There will at present be little consumer competition for houses, and the prevailing view is that BTL is a disaster, which oddly enough makes it a contrarian opportunity.

It's the inability to look at opportunities rationally which I find amusing about the bears on this forum. A lot of it appears to be about squinting down straight lines with your mates and building a snowball based on second hand information, old graphs, and speculation snipped from newspaper columns (incidentally if you ever want a really good laugh, read an in-depth journalist written article in a newspaper about something you actually know something about).

I don't know what will happen, but I think the probabilities are good for a fairly well hedged bet on BTL. Unless half the population suddenly die, a good house in a decent area will be a good proposition in a crowded country.

Kenny4315

FungusFighter wrote: »

Mate, you navvy an clean for a living, your on call 24/7 to a bunch of scuzzy renters who also live within shoutin distance and you have to exaggerate yer earnings on a forum to justify it. Personally I don't give a b0ll0ck what you earn an hour, your hardly living the dream are yer?:rotfl: :rotfl:

FF I don't know where you get that from. I give tenants the keys they get on with it. I have no idea why you think I'm going to spend my time cleaning the tenants flats. My tenants are all graduates and in professional occupations. My place is very well maintained and have relevant tradesmen on hand to deal with any issues. :rolleyes:

I take it your one of those 'scuzzy renters' that I should avoid like the plague, thanks for that good advice.

According to nationwide 0.9% up MoM, sounds like I have increased my asset base by more than your annual salary overnight.

Kenny4315

FungusFighter wrote: »

Never have any trouble with the stiffs ...:eek:

ooooeerr sounds a bit ..... what is your occupation .... :rotfl:

FungusFighter

You make it far too easy mate

Kenny4315 wrote: »

FF I don't know where you get that from. I give tenants the keys they get on with it. I have no idea why you think I'm going to spend my time cleaning the tenants flats. Yeah, right, when they move out maybe? Or when your "developing"?

My tenants are all graduates and in professional occupations. You mean students :rotfl:

My place is very well maintained and have relevant tradesmen on hand to deal with any issues. :rolleyes: Yeah, your on call 24/7

I take it your one of those 'scuzzy renters' that I should avoid like the plague, thanks for that good advice. Mate, I own, outright, inherited the lot from me dad, business, properties, bloddy brilliant it is. Spend all day dishin out orders and looking at !!!!!!.

According to nationwide 0.9% up MoM, sounds like I have increased my asset base by more than your annual salary overnight. Mate, anyone with more than one brain cel knows it's a glitch, they don't go straight down all the way, duh! As for my salarey, I pay meself whatever I need, accountant takes care of the rest - if you'd really made it mate you'd be doing the same:rotfl:

Man, are u desperate or what?