How many bulls are buying?

IveSeenTheLight

nearlynew wrote: »

Given all the talk of "green shoots" and increasing optimism amongst all the HPI cheerleaders on this site, I would be interested to find out. .

So come on chucky, stevie, ISTL etc. are you buying now.

If not, why not?

I'm not buying at the moment and have previously stated the reason why is to reduce the risk on my two BTL's

I don't believe in over extending myself in order to own more properties, I'm the sort of quiet cautious guy who makes sound decisions based on facts available and not against speculation.

Both my BTL's are on target to be paid off in 8 years, when I will be only 42.

That said, I'll probably have a good closer look at the end of the year.
the reason being is that I overpay the maximum on the BTL's and I have been able to save away a bit of money. My BTL's are due to be re-financed at the end of the year and I will have the option to put that savings towards further reducing the amortization period of my existing BTL's or indeed use as a deposit for a third place.

Is that an okay reason for you?

nearlynew

I would suggest that the reasons the BTL brigade are not buying is because they cannot afford to.

Without HPI and the ability to MEW deposits they do not actually have any "money".

I remember about a year or so back , when they finally acknowledged the possibility of a house price crash, they were saying it would be an opportunity to buy more.

bluey890

nearlynew wrote: »

I would suggest that the reasons the BTL brigade are not buying is because they cannot afford to.

Without HPI and the ability to MEW deposits they do not actually have any "money".

I remember about a year or so back , when they finally acknowledged the possibility of a house price crash, they were saying it would be an opportunity to buy more.

Interest rates have dropped faster than rental yields. Many BTL's are doing rather well on a cash flow basis.

mewbie_2

bluey890 wrote: »

Interest rates have dropped faster than rental yields. Many BTL's are doing rather well on a cash flow basis.

But not quite so well on an equity flow basis.

Harry_Powell

macaque wrote: »

Chucky: I've managed to get some tables on the sun deck.
StevieJ: Nice one Chucky. With the lower decks being flooded makes it an ideal time to snap up some bargains.
Chucky: Your not wrong there bro. Bought 3 times in the last 10 minutes, 2 to let out and one for myself - will buy again once i see another good opportunity.
StevieJ: Ha ha ha, those doomster muppets don't realise that when the Titanic sinks a bit, it always comes back up again. The housing market is unsinkable. Chucky: High five StevieJ

OI! The Titanic thing is my analogy!

I agree with your reasoning though, it's madness to be buying for investment purposes right now. Buying somewhere to live is different because it's not always just a purely financial decision.

sabretoothtigger

Im buying bulls and green shoots, as a commodity they are much in demand

FoxtonsRIP

Harry_Powell wrote: »

OI! The Titanic thing is my analogy!

I agree with your reasoning though, it's madness to be buying for investment purposes right now. Buying somewhere to live is different because it's not always just a purely financial decision.

Welcome back Dad

Thrugelmir

bluey890 wrote: »

Interest rates have dropped faster than rental yields. Many BTL's are doing rather well on a cash flow basis.

If you know where this cheap money can borrowed let us know. As the number of commercial property loans has reduced dramatically in recent months.

chucky

Thrugelmir wrote: »

If you know where this cheap money can borrowed let us know. As the number of commercial property loans has reduced dramatically in recent months.

out of interest what do you call cheap?

bluey890

Thrugelmir wrote: »

If you know where this cheap money can borrowed let us know. As the number of commercial property loans has reduced dramatically in recent months.

Commercial property is a very different 'kettle of fish'.
Apologies, liked the picture.