BTL, vile lowlife business, nobody wants to be living under their roofs

DervProf

The_Fox wrote: »

I am working for crisis at the royal docks rough sleepers centre on Xmas eve and Xmas day, my shift is 3pm to midnight, what do you do?

Come and meet me if you are feeling charitable and want to help.:)

I'd say that's a knockout punch. :T

Cleaver

DervProf wrote: »

]
Fine, it makes economic sense, I suppose. However, this got me thinking. Working class bloke in his 40s. Was able to buy a modest flat about 12 years ago (before BTL and Brown's "boom" took place). He can now afford to buy an additional home, payed for by the one he bought 12 years ago. Now, he's a working class chap, so I doubt he's on a fantastic salary. Good for him that he can do what he's doing, but if he was 12 years younger, looking for a modest flat (like the one he's renting out now), could he buy it, or would he have to rent it ? If he did manage to buy it, would he be able to buy a house and rent out the flat in 12 years time ?

No would be the answer. And for this reason I think we've seen the end of BTL as a fashionable, easy way to make money. They'll always be private landlords and good ones will still make money and provide a service, but I think we can mark the last decade or so down as a propety vogue decade and it'll be something else for the next decade. I'm sure BTL will come in to 'fashion' again at some point though. That's just how life works isn't it?

Speaking of making money through not doing a lot, was anyone in XEL?

Accountant_Kerry

The_Fox wrote: »

In the same houses Duhhhhh!

When all the landlords(most sorry) vanish not one house will be lost, they just don't vanish you know.

So you propose all current landlords should give their houses to the tenants?

Linton

DervProf wrote: »

Anecdotal :

Did a job yesterday for a local (friendly) customer. Small 3 bed semi, ex council house he was renovating. Had a little chat with him about "stuff". Turns out he moved from a flat, not too far away. Decided he wanted a house and was going to sell the flat. In the end he kept the flat and rents it out (which pays the mortgage on the house).... "It's my pension".

Fine, it makes economic sense, I suppose. However, this got me thinking. Working class bloke in his 40s. Was able to buy a modest flat about 12 years ago (before BTL and Brown's "boom" took place). He can now afford to buy an additional home, payed for by the one he bought 12 years ago. Now, he's a working class chap, so I doubt he's on a fantastic salary. Good for him that he can do what he's doing, but if he was 12 years younger, looking for a modest flat (like the one he's renting out now), could he buy it, or would he have to rent it ? If he did manage to buy it, would he be able to buy a house and rent out the flat in 12 years time ?

Private rented accommodation has been common for hundreds of years. For most of that period it provided the housing for most people.

How do you think Bath got built? Look up the history, all those wonderful Georgian/Regency terraces were BTL's.

Cleaver

Accountant_Kerry wrote: »

So you propose all current landlords should give their houses to the tenants?

I'd give up with that Fox chap. It's like arguing with a five year old about why eating biscuits all day isn't a good idea.

There are plently of intelligent, thoughtful people on this site who are anti-BTL and can actually provide constructive debate that you can engage with.

DervProf

DervProf wrote: »

Anecdotal :

Did a job yesterday for a local (friendly) customer. Small 3 bed semi, ex council house he was renovating. Had a little chat with him about "stuff". Turns out he moved from a flat, not too far away. Decided he wanted a house and was going to sell the flat. In the end he kept the flat and rents it out (which pays the mortgage on the house).... "It's my pension".

Fine, it makes economic sense, I suppose. However, this got me thinking. Working class bloke in his 40s. Was able to buy a modest flat about 12 years ago (before BTL and Brown's "boom" took place). He can now afford to buy an additional home, payed for by the one he bought 12 years ago. Now, he's a working class chap, so I doubt he's on a fantastic salary. Good for him that he can do what he's doing, but if he was 12 years younger, looking for a modest flat (like the one he's renting out now), could he buy it, or would he have to rent it ? If he did manage to buy it, would he be able to buy a house and rent out the flat in 12 years time ?

I`ll reply to my own post.

Because there is a shortage of property, I would have thought that a fairer system would be to ration home ownership. The chap I met yesterday is increasing the shortgage of property available to buy. The gap between the "haves" and the "have nots" is widening. I don't think this is something to celebrate, but other forum members seem to love it (probably because they are lucky enough to be one of the "haves").

jennikitten

The_Fox wrote: »

I am working for crisis at the royal docks rough sleepers centre on Xmas eve and Xmas day, my shift is 3pm to midnight, what do you do?

Come and meet me if you are feeling charitable and want to help.:)

As angry as i am, i still realise i am blessed in that i personally have a lovely warm double bed to get in every night with snowy fields to look out over at the moment.

See, now that is exactly the kind of thing I'm interested in hearing about. How about starting a thread asking what other people are doing to help others out over the festive period?

I would be happy to come and join you if I didn't live so far away. I have a commitment to helping the local animals in my area over Christmas (strays as well as the ducks/swans/deer/even seagulls) who are finding the cold weather challenging & extremely difficult to find food at the moment. I've also donated to various charities (UK and abroad). Only wish I had more free time to physically help out, although my boyfriend is doing a lot with his spare time, including volunteer work I found for him teaching at a local charity-run college. Also donated some money this month to help a single parent take her disabled son to Disneyland for Christmas.

Anyone else like to share?

chucky

Graham_Devon wrote: »

The BTL business has been held up by the taxpayer, through housing benefits.

the internet forums that you read have taught you well - now all you need to do is go and find out what happens in the real world...

Graham_Devon wrote: »

Funnily enough, its the ones on this thread, and the ones who will post later on in this thread, trying to argue against the OP, who will be best described in the OP

i saw this an thought Devon was obviously trying to debate stuff.
then i realised that he knows it all and every persons business model that has a BTL - what a guy!!!

but then i read this

Graham_Devon wrote: »

Do you sit there with your pants around your ankles and a box of kleenex next to you, celebrating rental and house price increases?

what an intelligent guy...

then there was this....

Graham_Devon wrote: »

It's the BTL landlords who see it as a pension vehicle....yet proclaims its all about the yield. It's nothing to do with the yield. It's all about rising house prices

it just proves that you don't understand the concept of investment.... you're even more stupid than i thought you were after reading this

DervProf

Linton wrote: »

Private rented accommodation has been common for hundreds of years. For most of that period it provided the housing for most people.

How do you think Bath got built? Look up the history, all those wonderful Georgian/Regency terraces were BTL's.

I don't think I`ve ever known so many people to be multiple home owners. Up until about 10 years ago, I didn't hear much about a property shortage. Places like Cornwall were where Cornish people lived and owned property. Bradford & Bingley weren't advertising "Get someone else to pay your mortgage", and I didn`t hear people saying "it's my pension, init".

StevieJ

stringsmk2 wrote: »

Really, why do you say that? Council housing is hardly away to making you feel like you are part of society. If anything it would make you feel second class

In days BT (before Thatcher) council estates were much more reflective of society in general, with all the best properties sold off, I agree a great many estates now totally marginalise people.