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Debate House Prices
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Are Bulls on MSE : EA's : BTLers : Other :
Comments
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Graham_Devon wrote: »Point proven!
And should be locked away/treated under the Mental Health Act?0 -
Gorgeous_George wrote: »I own a BTL property and I am an EA (although not an Estate Agent). I am neither a bull nor a bear.
I think that those terms should be reserved for those who actively seek to profit from a bull or bear market and I, like most posters on here, do not.
GG
And there wasn't even an "all of the above" option for you in the poll George:D0 -
Why classify BTL and EA's as bulls?
EA's would be more interested in higher transaction volume than rising prices.
BTL investors surely want lower prices too? Investors with no debt can ride out the storm and add to their portfolios as the oppotunity arises.
On a wider scale its all long standing home owners. A lot of people have invested the majority of their savings into their main asset , their home. Extending, upgrading and moving up and up the ladder to more expensive houses. On the basis that property would never again fall in price. At some stage planning to realise their equity into cash by downsizing. I don't think that the wider population truly appreciates the fundamental change that has occured.0 -
Thrugelmir wrote: »Why classify BTL and EA's as bulls?
Who else would argue on this section of the forum that house prices were at their correct value and now is the time to buy every day until they are blue in the face? I don't see people that eager to help joe public out by saying house buying is not for everyone (Although it was for everyone pre-2002) and only those with two incomes above the average yearly wage now should be able to afford a starter home (Although this was not the case pre 2002)0 -
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Gorgeous_George wrote: »I own a BTL property and I am an EA (although not an Estate Agent).
GG
What's that? An East Anglian? An Elephant Admirer? An Extra Arrested?
Please tell.0 -
In reality, of the 6 bulls on here who are regulars, 4 are - or claim to be - in BTL (ISTL, Kenny something-or-other, chucky and pickles+random numbers) whilst 2 (mitchaa and Really) bought close to the peak so are presumably stressed about negative equity.
So I voted for BTL, as that covered the majority.
Don't know any regulars on here who are EA's - a couple of mortgage brokers, who aren't generally especially bullish.0
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