How Much Did BTL Raise House Prices?

chucky

brit1234 wrote: »

Absolute rubbish Hamish its about supply of fiance, Available fiance limits the price.

complete rubbish - what has the supply of people intending to get married got to do with house prices????

C_Mababejive

Surely BTL actually blighted many areas and neighbours in that it facilitated the movement of parasitic scum into areas where working people lived?

nollag2006

C_Mababejive wrote: »

Surely BTL actually blighted many areas and neighbours in that it facilitated the movement of parasitic scum into areas where working people lived?

Not all tenants are "parasitic scum", as you call them. I have had probably 7 or 8 really excellent tenants over the years, and they have all been wonderful. Without exception

nollag2006

chucky wrote: »

complete rubbish - what has the supply of people intending to get married got to do with house prices????

:rotfl:

Poor old brit. His spelling is almost as weak as his economic analysis.

My current favourite is the thread which begins with "But to Let".... didn't George Michael get arrested for that??

:rotfl:

fimonkey

chucky wrote: »

complete rubbish - what has the supply of people intending to get married got to do with house prices????

well nowadays fiance's tend to be living together long before they get the ring on the finger and the fiance status,.. so can't even link them into supply and demand for housing - they've already joined forces

Pobby

Some good posts here I certainly liked post 18. Leaving aside London, even in the South East it would have been very possible to buy a house for around the £50k 10 years ago. Indeed, a friend who owns the smallest of terraces in the area was in the late 90`s looking at a value of under £50k. A few years back another friend bought in the same street, £170k!!!!!!

I can see why there has been an asset boom in housing. Daft mortgage products, btl, a government, who despite the promise of a controlled housing market benefited, imho by people who " felt rich " and mewed, thus creating lots of consumer demand. Then of course annuities, ah, that`s one that effects me. Cut right back over the last 10 or so years. Taxed dividends and a stock market that just goes up and down like it`s a ride at Alton Towers.

ninky_2

HAMISH_MCTAVISH wrote: »

Obviously worth bumping this thread given the anount of BTL bashing going on today.

They did have an impact, but 7% is paltry.....

The main factor is simply a lack of housing for the increasing numbers of people and households.

even if we are to assume the 7 percent is an accurate figure, then this is a national average. clearly the impact of btl will not have been uniform across the country. in rural areas or those without a strong rental market it won't have had much impact at all. in other areas it will have had a massive impact. especially in areas where the perceived rental market has been slightly out of kilter with reality such as manchester and southampton. here i would say that ftbers have certainly been priced out significantly by the btl market. not only that but it has actually effected the types of property that has been built in this time - cheap lo-grade flats aimed at landlords that end up sitting empty rather than longterm homes.

IveSeenTheLight

DaddyBear wrote: »

:rotfl::rotfl::rotfl:



Ahhh yes, my opinion doesn't agree with yours so it's incorrect. Love it.

It's not about opinion, it's about facts used.
I'm open to differing opinions, that's what makes a debate or a discussion.
Simply posting in the vein you usually do does not lend to reasoned debate.