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

chucky

neverdespairgirl wrote: »

Not at all. I don't want to be a LL, and I don't do envy.

what a very strange post...

i don't want to be a long term renter, i don't do envy but i do feel sorry for people (only sometimes though).

Conrad

Millions cannot access a mortgage so the LL's will benefit - how ironic - well done the FSA

hoggums

You forget conrad that all these LLs will want to sell up at some point to fund their retirement. But if no-one can get a mortgage for their house/flat what do you think is going to happen? Some people will have to sell which means pricing at a level where people can fit the criteria.

Yep that's right - and lower house prices mean lower rents - because if rents remain at high levels but mortgage costs become cheaper because of falling house prices then people will move out of rented and start buying - eventually pushing house prices and rents to an equillibrium somewhere lower in real terms than they are today.

silvercar

Yep that's right - and lower house prices mean lower rents - because if rents remain at high levels but mortgage costs become cheaper because of falling house prices then people will move out of rented and start buying

They can't buy because they haven't saved a deposit.

breadlinebetty

Conrad wrote: »

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 b@stards at the dinner party in 2019 recounting thier investment journey?

In 10 years from now property could well be worth 4 times what is now, your crystal ball needs cleaning.

nearlynew

breadlinebetty wrote: »

In 10 years from now property could well be worth 4 times what is now, your crystal ball needs cleaning.

I take it mathematics is not your strong point?