We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
BTL impact on prices for FTB's was minimal, it's official.
Comments
-
To be honest I don’t think either of the articles proves very much. Estimate of house prices used in Hamish’s and the only fact in Carol’s FTBs down by 18% and lots of may haves.0
-
To be honest I don’t think either of the articles proves very much. .
I think both articles come to a similar conclusion.
BTL had an impact, as we all accept, however that impact was very small.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
my personal opinion for what it's worth is that BTL had minimal impact pre 2004.HAMISH_MCTAVISH wrote: »I think both articles come to a similar conclusion.
BTL had an impact, as we all accept, however that impact was very small.
post 2004 especially both in 2005 and 2007 , the impact was more pronounced.0 -
Playing devil's advocate:
When we tried to sell our old terraced house (typical of the sort of thing many FTB used to buy), there were few young couples with mortgages, and loads of BTLers sniffing for a bargain with silly offers. Maybe the FTBs have been seduced by property !!!!!! TV into believing a grotty terrace in Medway is beneath them. Maybe the BTL brigade create an atmosphere of lower prices by bargain hunting, and making sellers think they are lucky to get any buyer.
No real evidence for the above, but life is rarely as simple as we think.Been away for a while.0 -
Btl. Hmmmm. 2 doors away is a buy to let, 4 doors away was a buy to let but I believe sold. The nice youngsters next door have just bought a buy to let but they are not very happy, he was against it. In 6 months they had tenants that didn`t pay up and they were telling me that the rent doesn`t cover the mortgage. Guess if they keep it going it will be OK in a number of years time.0
-
my personal opinion for what it's worth is that BTL had minimal impact pre 2004.
post 2004 especially both in 2005 and 2007 , the impact was more pronounced.
The study was done in 2007.
It showed 7% of all prices rises in the previous decade were attributable to BTL.
The differential betwen years seems less important than knowing BTL actually had very little impact overall.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Still spouting the same old rubbish I see.0
-
Hamish..
Do you believe the sh1te you post?Not Again0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards