Many Upsizers gaining nothing from crash....

bluey890

Graham_Devon wrote: »

As I stated, it's only because of A that a lot of BTL's are clinging on.

If interest rates go up, a lot of those in BTL will have the same problems as private families trying to pay the mortgage. and the same problems faced by potential FTBs.

BTL A, with a property bought for 180k, at 6% interest rates, cannot compete with BTL B who bought at 120k at 6% interest rates. They could both be making money. Important not to exclude that possibility Graham.

They will be competing, especially for local housing benefit payments, which look to be being reduced soon. Demand for rental property does not seem to be decreasing.

The rate of HB payment required to house claimants in the private sector is not something the government controls.

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Graham_Devon

I can't quote you.

However, I never ever said they would not be both making money.

This whole argument has stemed from the point where I said about yields. I said:

Graham_Devon wrote: »

Buffoon for thinking that higher interest rates would effect the yield on any house bought at the "bottom" am I?

BTL A and BTL B would not have the same yields. This is what I said on page 2. It's been argue'd I'm wrong ever since by simply ignoring what I stated and going on and on about current mortgages.

Why do we have to keep changing what I said?

Prove me wrong on what I said. Don't try to prove me wrong on something I never said, nor implied.

bluey890

If the house is paid for then interest rates don't impact the yield.
TBH yield doesn't include mortgage expense (i.e. interest rates) anyway.
http://www.myfinances.co.uk/glossary/property/rental-yield/rental-yield-$372228.htm

Thrugelmir

bluey890 wrote: »

If the house is paid for then interest rates don't impact the yield.
TBH yield doesn't include mortgage expense (i.e. interest rates) anyway.
http://www.myfinances.co.uk/glossary/property/rental-yield/rental-yield-$372228.htm

How may BTL properties are owned outright?

Graham_Devon

bluey890 wrote: »

If the house is paid for then interest rates don't impact the yield.
TBH yield doesn't include mortgage expense (i.e. interest rates) anyway.
http://www.myfinances.co.uk/glossary/property/rental-yield/rental-yield-$372228.htm

Oh come on, this is going way off subject now. I am quite clearly talking about landlords with mortgages.

If anyone wants to tell me I'm wrong, then please acknowledge the points to prove me wrong. You have all seen me admit I am wrong, if I'm wrong.

What really grates me is this constant move to discredit what I said by totalling changing what I said and not even acknowledging what I actually said when it's quoted to you.

bluey890

Graham_Devon wrote: »

Oh come on, this is going way off subject now. I am quite clearly talking about landlords with mortgages.

If anyone wants to tell me I'm wrong, then please acknowledge the points to prove me wrong. You have all seen me admit I am wrong, if I'm wrong.

What really grates me is this constant move to discredit what I said by totalling changing what I said and not even acknowledging what I actually said when it's quoted to you.

So was I Graham. Yield doesn't include mortgage expense (i.e. interest rates).
http://www.myfinances.co.uk/glossary/property/rental-yield/rental-yield-$372228.htm

bluey890

Thrugelmir wrote: »

How may BTL properties are owned outright?

Not many. Line two onwards was generic. It included properties with mortgages.

Graham_Devon

bluey890 wrote: »

So was I Graham. Yield doesn't include mortgage expense (i.e. interest rates).
http://www.myfinances.co.uk/glossary/property/rental-yield/rental-yield-$372228.htm

Yer.

That's like saying car running costs for a 100 mile trip doesnt include petrol, tyres or maintanance.

I'm out.

bluey890

Graham_Devon wrote: »

Yer.

That's like saying car running costs for a 100 mile trip doesnt include petrol, tyres or maintanance.

I'm out.

I kindly point out that running costs aren't the same as yield.

I see you've used the chewbacca defense. http://www.urbandictionary.com/define.php?term=chewbacca+defense

chucky

Graham_Devon wrote: »

It's on page 2. I keep telling you I'm talking about new mortgages taken out at botom of the market, as that's what we were talking about.

YOU keep talking about current mortgages to try and prove me wrong, something which I have told you no less than 3 times now I am not talking about.

So don't tell me I'm talking nonsense when it's clear I have told you twice what I am talking about, yet you keep trying to change it into current mortgages for currently bought properties.

i know exactly what i said but let's discuss it instead of getting irate.

Graham_Devon wrote: »

This whole argument has stemed from the point where I said about yields. I said:



BTL A and BTL B would not have the same yields. This is what I said on page 2. It's been argue'd I'm wrong ever since by simply ignoring what I stated and going on and on about current mortgages.

Why do we have to keep changing what I said?

Prove me wrong on what I said. Don't try to prove me wrong on something I never said, nor implied.

just take into account that people will buy (to talk about future buyers) using SVR/tracker and Fixed mortgages. there is a massive difference in yield between the two.

you're also making the assumption or even not taking into account LTV which is very important when calculating yield.

i'm not going to mention future rates or even mortgage costs - so will leave it there for now.