10 yrs on will u be envious of all those 'muppets' that got into B2L now?

Conrad

It is evident to me that there exists a slice of British society that became very envious of all those 'b2l muppet' colleagues that 'luckily' made a cash pile on the back of unforseen growth. TBH I myself feel irked by these tiresome property porners, so much so I deliberately avoid one friend as I find his boastful recounting of his investment prowess incredibly anoying, even though I did a bit of B2L myself:rolleyes:

Thing is this, I don't want to find myself envious of the next generation of lucky property beneficieries and I suspect quite of few you feel the same way.

We can knock B2Lers all we like but the fact remains property prices will rise rapidly again and those with nets cast and full of fish will be those that benefit from this inflation.

Deep down are you concerned you will once again find yourself facing smug [EMAIL="b@stards"]b@stards[/EMAIL] at the dinner party in 2019 recounting thier investment journey?

dopester

Waste of time, energy and money.

Property hasn't got any future for capital growth - maybe not much longer as an income stream for many BTLers. It has had it's run.

I want to see houses which take off and glide through the skies - to set down in new locations.



Or building up from the earth.. cheap accommodation, super fast transports to other destinations like with floating cars, and not polluting the earth as much as we do.

We need more money channelled in to making stuff like that happen. Tech and advancement. Not wasted investment in to making bricks and mortar property as expensive as possible.

BTW - what inflation?

i8change

Originally posted by dopester
I want to see houses which take off and glide through the skies - to set down in new locations.

Move to Florida!!

Pee

I own a house which I don't want to sell and I now live in a different area and want to buy a house to live in there, but I can't see that I will be able to afford it before prices go up again and I am concerned that they will rocket.

I can't afford to because subconsiously I think £500 is a lot of money to pay a month for somewhere to live and yet I see people paying £700 plus...

a_rather_tall_man

Life is too short to be consumed with envy it really is, especially as something as trivial as that.

JayScottGreenspan

I reckon there's ~5 years ahead of us in which the return on BTL will be negative. Then maybe another 5 years of unimpressive returns, then I suppose it'll be up to the prevailing govt to decide if they want to allow another housing bubble to form (in other words, to decide whether they are going to prioritise the economy and overall standard of living of the electorate, or prioritise their short-term popularity).

No point guessing, really. At the moment housing is a really poor investment, which is all your average punter really needs to know right now.

When houses are good value again maybe we can re-appraise that, but that won't be for a while. IMO.

ad9898_3

Conrad wrote: »

Deep down are you concerned you will once again find yourself facing smug b@stards at the dinner party in 2019 recounting thier investment journey?

Simple answer is no, whether any money is made in that time or not.

My personal belief is there will be no growth in real terms in property over that time, certainly not enough to offset all the pitfalls that go with an illiquid 'asset'. Even now the majority of B2L'rs don't actually own any of their 'portfolios', the banks do.

B2L............ nah, not for me.

silvercar

Deep down are you concerned you will once again find yourself facing smug b@stards at the dinner party in 2019 recounting thier investment journey?

Think you need to choose your guests more carefully.

mewbie_2

Conrad wrote: »

We can knock B2Lers all we like but the fact remains property prices will rise rapidly again and those with nets cast and full of fish will be those that benefit from this inflation.

What fact is that then? BTL was a gigantic bubble, fuelled by speculative greed and easy credit. Once it's game over for a bubble it doesn't bounce, or recover. The game moves on to the next arena.

I'm not currently envious of those who thought they'd seen the bottom of the dot com boom, ostriches, antiques, classic cars, stamps, tulips, etc. I may be jealous of those who invest in lithium for example, but then who knows what the next madness will be?

IveSeenTheLight

Conrad wrote: »

Deep down are you concerned you will once again find yourself facing smug b@stards at the dinner party in 2019 recounting thier investment journey?

While I am not shy at confirming I have a couple of BTL's in this forum, in real life, I keep this a very private matter.
I don't discuss my personnal circumstances outwith close family and certainly not around a social evening.

I would recommend that if you do find yourself in a situation where in a social event, you are faced with a topic that you are not happy with, it's an excellent oppertunity for you to practice being able to checng the topic into something the whole group might find more interesting.

Arcaine

As long as me and my family are healthy in 10 years and we have still got our home and we are still working and saving then the rest is negotiable.