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Debate House Prices
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BTL lending Increasing, Rents Rising, Rates Falling..
Comments
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nollag2006 wrote: »Oh dear. Doesn't sound like you are particularly good at managing your own finances now, does it??
.
Thats uncalled for nollag......
PN isn't trying to play the market by STR-ing, just in an unusual situation.“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 -
which means that those renting saving for a deposit to buy a house are seeing their deposit money getting smaller and smaller each month in real terms.
by inflation eroding their spending power, rents rising and house prices increasing.
Inflation will be eroding the value of any deposit already saved however, assuming pay rises of at least inflation, renters on average will be spending a smaller proportion of their incomes on rent. Also, interest on the saved deposit will at the very least mitigate the impact of inflation.0 -
Inflation will be eroding the value of any deposit already saved however,
True.assuming pay rises of at least inflation,
Thats a big assumption at the moment.renters on average will be spending a smaller proportion of their incomes on rent.
Only if pay rises keep up, which is looking doubtful.Also, interest on the saved deposit will at the very least mitigate the impact of inflation.
It hasn't done lately, and it certainly hasn't kept up with house price inflation.“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 -
PasturesNew wrote: »Maybe I should just move .... and claim WTC, some housing benefit and council tax ... and get a nice income top up from your taxes! Thanks for the idea!
Well, make sure you properly research your data.
From what I recall, you wouldn't qualify for much:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Wow some real charmers in this thread. Reported a few blatant trolls. Not very nice to take pleasure in someone's unfortunate situation at all is it?0
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another great prediction from the genius Brit... they get more and more wrong each and every time... :TTypical Hamish excluding the first few paragraphs.
As for Paragon they went bank rupt in the previous one. In this one they were very close too it anfd likely to still go that way. Remember they do not hold public savings so the govornment has no need to buy their dodgy mortgage book off them. There clients are only being held together by 0.5% interest rates which will be going up. On top of that buy to let has the greatest risk of repossesions than any other.
Paragon is toast, if you think it is such a good company Hamish buy some shares in it. You know when a company is dodgy and in a bad way when they constantly fill the media with property proaganda.trying to talk the market up.
anyone know what Paragon's business is like now?0 -
another great prediction from the genius Brit... they get more and more wrong each and every time... :T
anyone know what Paragon's business is like now?
:rotfl::rotfl::rotfl::rotfl::rotfl:
https://forums.moneysavingexpert.com/discussion/2756696“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 -
Another article based on opinion and speculation. .
Another article that turned out to be right.
https://forums.moneysavingexpert.com/discussion/2756696“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 -
Is it the correct thing to do? as in feed parasites...Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Thanks all for your advise. I intend to start investing in BTL within the next year or so. The time to invest in most things is exactly when everyone else says not to.
As long as you do your research and don't get greedy it is sensible to invest in an asset. This is after all just the other end of money saving - although making money seems to be a dirty word on MSE these days...0
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