How many housing bulls left?

StevieJ

Chaos_A.D. wrote: »

Although you're correct so far, nobody, including bullish posters knew just how far unsustainable policies would be pushed in order to keep prices up.

Prices have indeed held steady, but only on the back of low approvals as people who would normally had to sell/or be repossessed have been 'saved'. Can the status quo be held indefinitely ?, I'm not so sure as more debt is being heaped on more debt.

I guess we'll see, just glad I'm not part of it.

I always have respect for posts.

Malcolm.

Joeskeppi wrote: »

It is a slightly ironic thread considering there are only about 3 bears, operating around 5 alias's each, without even making an attempt to disguise that fact.

Tut, tut. A lame attempt designed to dehumanise and depersonalise those with a different viewpoint to yourself.

Examining the bulls, they all worship their leader, Hamish, with a few sensible exceptions.

Conrad

I'm bullish in the sense I invest now knowing I'll at least double my capital over 20 years and have had the tenant pay off the mortgage. On death my family keep the asset whereas in retirement a pension pot dies with you, so yeah, bullish.

If I invest £70000 in a house here costing £200,000 including the renovation / alterations, I can HMO it for about £1500 per month to quality tenants (not students). Tried and tested. 2 weeks voids in 3 years. An agent freind collects the rent - if you have nice non too hard tenants, the rent is paid.

Rent repays the mortgage within 15 years allowing for higher future mortgage payments.

Harry_Powell

Conrad wrote: »

I'm bullish in the sense I invest now knowing I'll at least double my capital over 20 years and have had the tenant pay off the mortgage. On death my family keep the asset whereas in retirement a pension pot dies with you, so yeah, bullish.

Not necessarily.

Conrad

Harry_Powell wrote: »

Not necessarily.

Give me an example Harry of where a pension is passed on in retirment. I'm not doubting you - but when I looked at private schemes they were very much loaded in favour of the annuity provider unless a significant income reduction was taken.

Harry_Powell

google "Income Drawdown" or look on the pensions board. There used to be a restriction of age 75 to buy an annuity, but even this is going to change I believe.

p.s. the 'not necessaily' comment also covered your assertion that your home can be inherited by family - not if you go into an old folks home and cannot fund it by other means.

StevieJ

Harry_Powell wrote: »

google "Income Drawdown" or look on the pensions board. There used to be a restriction of age 75 to buy an annuity, but even this is going to change I believe.

p.s. the 'not necessaily' comment also covered your assertion that your home can be inherited by family - not if you go into an old folks home and cannot fund it by other means.

In addition many company pension schemes include a widow/family pension after death.

Harry_Powell

StevieJ wrote: »

In addition many company pension schemes include a widow/family pension after death.

So can private pensions if you want, though you will have a smaller annuity payment dependant on what rate of widow's pension you want (i.e. 25%, 50%, 100%). You can also get a 5 year gurantee where if the pensioner dies in the first 5 years of receiving his penions, the balance is paid to the benefactor (I think Conrad, you mentioned a friend who had a £500k pension that died with him after 1 year of retirement - just goes to show how paying a small amount of money for retirement advice can go a long way).

chucknorris

Harry_Powell wrote: »

So can private pensions if you want, though you will have a smaller annuity payment dependant on what rate of widow's pension you want (i.e. 25%, 50%, 100%). You can also get a 5 year gurantee where if the pensioner dies in the first 5 years of receiving his penions, the balance is paid to the benefactor (I think Conrad, you mentioned a friend who had a £500k pension that died with him after 1 year of retirement - just goes to show how paying a small amount of money for retirement advice can go a long way).

As you know Harry I am no fan of pensions however I am very interested to know what comes out of this current exploration of alternatives to having to take an annuity out when you are 75. I would certainly start contributing again if they come out with a reasonable alternative.

Harry_Powell

chucknorris wrote: »

As you know Harry I am no fan of pensions however I am very interested to know what comes out of this current exploration of alternatives to having to take an annuity out when you are 75. I would certainly start contributing again if they come out with a reasonable alternative.

They've got to do something positive for pensions eventually, they can't just keep delaying when we take them, limiting the amount we can put in and raid the dividends without killing off the whole industry and making us all even more reliant on the state Ponzi scheme.