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Debate House Prices
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Landlords, the game is over...
Comments
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I don't know what all the fuss is about. Landlords are making an absolute killing at the moment with interest rates very low and rents very high.
Game over? All that's going to happen is they're not going to be making 800% margins every month. They will still be doing very well.
Is this supposed to be news?0 -
Blacklight wrote: »I don't know what all the fuss is about. Landlords are making an absolute killing at the moment with interest rates very low and rents very high.
I agree. Personally I have no issue with landlords, BTL or not. They've invested their money in an asset that the government (and country in general) has been keen to minimise the risk in.
If house prices and rents can decrease in a way that makes living in the country easier without being unduly harsh to landlords I think that would be an ideal result.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
Blacklight wrote: »I don't know what all the fuss is about. Landlords are making an absolute killing at the moment with interest rates very low and rents very high.
Game over? All that's going to happen is they're not going to be making 800% margins every month. They will still be doing very well.
Is this supposed to be news?
Theres a lot more to it than that though isn't there.
This is projected longterm, and also, it's ok making a killing on monthly rent, but you do have to take into account possible asset depriciation....which IS happening now.
I'd think 800% margins as you point out, is WAY off.0 -
Looks like the coalition is pulling the plug on the theft.
Time to tackle the Rachmanism.
These are two very different things. At a time when tenants had complete security of tenure, Rachman was notorious for forcing them out, as tenanted property was less valuable than empty property. Nicholas of the High Street did the same more recently.
There's no connection between that and landlords taking LHA to house tenants. I agree though that the LHA was set at a silly level, and it's high time it reduced.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Graham_Devon wrote: »Theres a lot more to it than that though isn't there.
This is projected longterm, and also, it's ok making a killing on monthly rent, but you do have to take into account possible asset depriciation....which IS happening now.
I'd think 800% margins as you point out, is WAY off.
Correct. Personally speaking my margin is a mere 20-25% net at the moment.
Don't know why I bother...;)Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
These are two very different things. At a time when tenants had complete security of tenure, Rachman was notorious for forcing them out, as tenanted property was less valuable than empty property. Nicholas of the High Street did the same more recently.
There's no connection between that and landlords taking LHA to house tenants. I agree though that the LHA was set at a silly level, and it's high time it reduced.
I know they are two different things. That doesn't mean it is not now time to tackle the Rachmanism.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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