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Debate House Prices
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BTL ..... who should pay?
Comments
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Thank you. And by exhaustive effort, I finally get to my point. BTL propped up the last years of the housing bubble - that and poor mugged people with ridiculous prices of course. BTL no longer works - for MOST properties. Therefore, ladies and gentlemen of the jury, I put it to you....JonnyBravo wrote: »And I reckon you're right on most property for sale. But not all.
But then I'm not looking for a BTL so am not researching this. Good luck in your hunt for your elusive investment.
house prices have further to fall.0 -
Would setting up their business enterprise as a plc mean they avoided this risk? And if so how difficult would this have been for the amateur BTL landlord to do?
A plc has an issued share capital of a minimum of £50,000. So I assume you mean limited company.
The mortgage would be need to be in the name of the limited company itself not the directors personally. Or at least the directors would need to provide personal guarantees.
How many lenders will advance monies to a company with no assets or income? I would say in the current mortgage market none.
Limited companies by their nature have limited liability.0 -
Thank you. And by exhaustive effort, I finally get to my point. BTL propped up the last years of the housing bubble - that and poor mugged people with ridiculous prices of course. BTL no longer works - for MOST properties. Therefore, ladies and gentlemen of the jury, I put it to you....
house prices have further to fall.
Agreed.
Was that all I needed to say? I've said it before and I'll say it again.
Yes house prices will fall again. I'm a bear (at the moment..... unlike some I am capable of switching according to how I see the market) and this is easy enough to say.0 -
I wasn't specifically 'targetting' you. Just trying to make / understand / believe my point, about prices falling further.JonnyBravo wrote: »Agreed.
Was that all I needed to say? I've said it before and I'll say it again.
Yes house prices will fall again. I'm a bear (at the moment..... unlike some I am capable of switching according to how I see the market) and this is easy enough to say.0 -
currently house prices are supporting 2009 house prices.
house prices also seem to be have an increasing trend.
On very low transaction levels.
Share prices swing up and down daily. Goldman Sachs trades Vodaphone shares in a minmum $15 million a trade volume. Houses move singularly most of the time.
A price is only what someone will potentially pay for it not what its actually worth or actually realises. There is a difference.0 -
Thrugelmir wrote: »A plc has an issued share capital of a minimum of £50,000. So I assume you mean limited company.
The mortgage would be need to be in the name of the limited company itself not the directors personally. Or at least the directors would need to provide personal guarantees.
How many lenders will advance monies to a company with no assets or income? I would say in the current mortgage market none.
Limited companies by their nature have limited liability.
natwest have done it twice in the last 15 months - no personal guarantee required.
on another mortgage - Mortgage Express wanted a personal guarantee against the property.0 -
I wasn't specifically 'targetting' you. Just trying to make / understand / believe my point, about prices falling further.
Even Hamish agrees on short term falls over the winter.
Enjoy the harmony.
Oh and you started talking about how BTL doesn't work at the moment.... nothing to do with prices.... the thread is BTL based.... remember?0 -
Thrugelmir wrote: »On very low transaction levels.
That's what there is - we can't do anything about it.
Many assume - how many of those are right. on here very few :rolleyes:
btw the transaction volumes are the same when house prices dropped too - do those get ignored? no way - not on this forum!! :rolleyes:Thrugelmir wrote: »Share prices swing up and down daily. Goldman Sachs trades Vodaphone shares in a minmum $15 million a trade volume. Houses move singularly most of the time.
FTSE volumes are lower too - shall we ignore share prices and say that they don't mean much and are not the real share prices?
Thrugelmir wrote: »A price is only what someone will potentially pay for it not what its actually worth or actually realises. There is a difference.
no the market dictates the price - values have gone up, this is due to market conditions. this is a 2009 market, you cannot apply 2007 or 2008 rules to your theory.0 -
All roads lead to Rome.JonnyBravo wrote: »Even Hamish agrees on short term falls over the winter.
Enjoy the harmony.
Oh and you started talking about how BTL doesn't work at the moment.... nothing to do with prices.... the thread is BTL based.... remember?0 -
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