We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
what constitutes a BTL'er??
Comments
-
the first house is rented out in a desirable area and the rent covers the mortgage repayments. yes, we will need to sell the first property at some point, at the moment rent covers its costs, furthermore, if there was no tennant, we could cover the costs (for at least 12 months) the money we have put aside to bring the first house into positive equity (50K) is working hard against our home mortgage (overpayment with no penalty to withdraw at any time) at the moment so to me it doesnt make sense to sell the first house. i am no financial expert but at 27, if we keep the property for 15 years and contunie to repay the mortgage, combination of repayments and prospect of property prices increasing means there will eventually be some benefit of retaning it!
maybe i am missing something fundemental?
Fundamentally it depends on your view of the property market. Taking into account factors such as interest rates , capital gains tax and income tax. These could all have a dampening effect on property as investment in the medium term. As all are odds on to rise in my opinion.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards