Many Upsizers gaining nothing from crash....

cleanmycleats

By the way GD, I'm not a house price bull or bear, I've no axe to grind either way. I'd love house prices to stay nice & stable, long term.

mewbie_2

cleanmycleats wrote: »

My rental income is unchanged since 2006, My interest payments are massively down (thanks BOE). And my current NET yield is 12%.

[By the way it is affected, not effected.]

I'm confused. I thought you said it was not affected?

chucky

Graham_Devon wrote: »

You are completely changing the subject to suit. Who said ANYTHING about current mortgages?

It was said "buying a house at the bottom".

most if not a very large majority of home buyers or BTL's investors would use a mortgage to buy a property... so yes it is relevant...

how can you calculate yield if you don't know if they are using fixed or variable mortgage rates... :rolleyes:

Graham_Devon

chucky wrote: »

most if not a very large majority of home buyers or BTL's investors would use a mortgage to buy a property... so yes it is relevant...

how can you calculate yield if you don't know if they are using fixed or variable mortgage rates... :rolleyes:

Are you being deliberately difficult?

Or do I need to spell it out for you?

When you buy at the bottom of this crash, mortgages will be more expensive. Rents will obviously have to be cheaper as the price of property is. Your interest rate will be higher.

So, are you still saying interest rates going up will not effect the yield on those houses?

Forget about current houses. Current mortgages. No one, but you, is talking about that.

mewbie_2

Graham_Devon wrote: »

Are you being deliberately difficult?

Graham it's a bot. Bit of software that cruises forums like this, and can provide certain limited responses based in key words that are input. If you reply to it you will just get a similar response back, possibly reworking some of your phrases to make it seem like you are talking to a real person.

Get a lot of them on Yahoo Games, but they mainly sell !!!!!! on there.

Graham_Devon

mewbie wrote: »

Graham it's a bot. Bit of software that cruises forums like this, and can provide certain limited responses based in key words that are input. If you reply to it you will just get a similar response back, possibly reworking some of your phrases to make it seem like you are talking to a real person.

Get a lot of them on Yahoo Games, but they mainly sell !!!!!! on there.

Not even a bot could get this confused!

bluey890

Graham_Devon wrote: »

When you buy at the bottom of this crash, mortgages will be more expensive. Rents will obviously have to be cheaper as the price of property is. Your interest rate will be higher.

Rents are closer linked to house / mortgage affordability than house price per se.
That is where your logic goes awry.

chucky

Graham_Devon wrote: »

Are you being deliberately difficult?

Or do I need to spell it out for you?

When you buy at the bottom of this crash, mortgages will be more expensive. Rents will obviously have to be cheaper as the price of property is. Your interest rate will be higher.

So, are you still saying interest rates going up will not effect the yield on those houses?

Forget about current houses. Current mortgages. No one, but you, is talking about that.

no not being difficult - disagreeing with your yield comment as you've already decided when the bottom will be... the future... how do you know that? i don't either by the way...

also, i'm not convinced on why you say rates will be higher at the bottom.
low rates may be with us for 12-18 months, the bottom may have come and gone by then.

i'm failing to see why you think/assume rates will be higher at the bottom.

for calculating yield now - what type of mortgage rate you have is important.

nearlynew

mewbie wrote: »

Graham it's a bot. Bit of software that cruises forums like this, and can provide certain limited responses based in key words that are input. If you reply to it you will just get a similar response back, possibly reworking some of your phrases to make it seem like you are talking to a real person.

Get a lot of them on Yahoo Games, but they mainly sell !!!!!! on there.

That's why I only go so far with McTittish and then stop.

After a while, you realise it's just not worth it.

chucky

ooooh the Thanks hunters are in the building... quick let's make funny comments so we get the Thanks button pressed and look popular in the online world :rotfl: