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The insanity of house buying
Comments
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Chucky, please stop copying and pasting graphs you don't understand. You think you're being clever but always end up with egg on your face.
Watch out, he's feverishly using the edit button again.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
chucky - what about the million plus BTL mortgages taken out since 2000?
Where do they fit into your theories about BTL?
Or are they too few to mention?
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So when you said "Private rented is Buy to Let" you were mistaken?
And do you accept that your graph demonstrates precisely zero about buy-to-let since you have now suddenly realised that non-BTL properties make up a large part of the private rented sector?
No I don't accept what you are saying. Private Lettings are financed and if you say they are not I'd stop reading this forum right now, switch off the PC and get yourself some books and do some research. Owners of Private Rantals will leverage and gear their investments.
let's start at the beginning regarding the graph- these were the comments with regards to private renting after 1996.In these discussions it's often forgotten how the change in law and BTL changed the marketplace. Before 1996 there were BTL landlords.And before you ask - no, I never had a problem finding a suitable property to rent before 1996, or know anyone who did.The difference then was that (a) there was far more council/social housing still available, so private renting really was a 'choice'. (b) house prices were far more affordable, so again, only those actively wanted to rent in preference to buying did so and (c) you didn't get all these greedy BTL idiots
The graph does not count the amount of lending but the number of properties.
the graph explains that their was no surge in Private Letting post this date. if there was there would have not been growth in Owner Occupied properties there would have been a decline and an increase in Private Rentals which has not been the case. There has been an increase in Private Letting but not the extent that has been dramatised on this thread.0 -
Leviathan2009 wrote: »Sorry for the diatribe - but I have a pathological hatred of buy to let landlords.
I'd like to pretend that I gave a toss, but I cannot lie...."None are more hopelessly enslaved, than those who falsely believe they are free." - Goethe0 -
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privatle rented is either a property with a mortgage or a property without a mortgage....
Yes. er...so just a property then?...those with a mortgage are BTL. it's quite simple really.
No.
I bought a second house around 8 years ago with the express intention of letting it; so, 'buy-to-let'. Right? But I bought it cash...Marching On Together
I've upped my standards...so up yours!
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No.
I bought a second house around 8 years ago with the express intention of letting it; so, 'buy-to-let'. Right? But I bought it cash...
you're obviously the minority - have a look at the CML numbers for an indication of money lent out for Private Rentals.
they were 20% of all lending just for 2007.0 -
you're obviously the minority - have a look at the CML numbers for an indication of money lent out for Private Rentals.
they were 20% of all lending just for 2007.
I agree with the above chucky.
I was just correcting your earlier statement that 'all' BTL's are mortgaged.Marching On Together
I've upped my standards...so up yours!0 -
I agree with the above chucky.
I was just correcting your earlier statement that 'all' BTL's are mortgaged.
no - that was never really my point. the point had digressed due to the misunderstanding of BTL.
someone had claimed that there had been a massive increase in BTL post 1996 - my reply was that if there had been a massive increase in BTL it would have been reflected in a similar increase or trend in the number of private rentals. there's a graph in a previous post.0
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