Bears, Buy to Lets landlords and House Prices.

bluey890

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

PasturesNew

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

There are many reasons. But how would you propose they shift a property that has a tenant in it with a contract, when the property is worth 1/3rd less (IF they can find a buyer) than it was when they bought it 3 years ago ...?

tommy75

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

If you hear an unusual noise when your driving your car, do you rush to the garage to spend money checking if something is wrong when everything still seems to work correctly?

ManAtHome

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

How do you know they're not?

GDB2222

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

Umm, in my case, because I bought between 1991 and 1996. Since I bought, there has been a lot of capital appreciation, and I would have had a really substantial CGT bill. Add in the costs of selling and buying again later, the emotional cost of having to ask tenants to leave their homes, lost rent, etc. Although I anticipated the fall in capital values (and I am expecting more to come), I decided not to sell.

ad9898_3

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

The answer to this is simple, not every BTL'r is going to be in trouble, for instance if someone has had a house or houses before 2000, and they are let, he/she should be laughing, the other point is, the ones that are in trouble wouldn't post on this forum.

baileysbattlebus

bluey890 wrote: »

If the Bear's posts are true, why aren't the forums very own BTL landlords stressed and desperately selling their housing portfolios?

A friend of ours has 2 BTL properties, we have known him 20 years and he has had them at least that long. I would imagine they must be mortgage free by now.

He retired about a year ago and they give him a good income on top of his pension.

I don't think he will be selling anytime soon.

Interestingly, when I was picking up the grandson from school a couple of weeks ago, I overheard 2 women talking and one of them was saying they had just got a mortgage approval for another property to rent out.

So BTL can't be entirely dead in the water.

We live near Reading - so not the cheapest area in the world either for rents or house prices.

bluey890

PasturesNew wrote: »

There are many reasons. But how would you propose they shift a property that has a tenant in it with a contract, when the property is worth 1/3rd less (IF they can find a buyer) than it was when they bought it 3 years ago ...?

If the person it for the long term I would suggest they needn't shift the property during the current climate. The population is rising faster then the rate of new builds and there are many people out there wanting to own their own property.
If they have to sell the property during an economic downturn, then I'd suggest an estate agent or self sell.

nearlynew

bluey890 wrote: »

...............
If they have to sell the property during an economic downturn, then I'd suggest an estate agent or self sell.

WOW

Thanks for that useful advice.
You really know your stuff.

shakerbaby

nearlynew wrote: »

WOW

Thanks for that useful advice.
You really know your stuff.

Bears are here to help. :beer:

julieq

Because yields on rented houses are better and safer than any other investment, it's really as simple as that.