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

Graham_Devon

wotsthat wrote: »

Earth to Graham. Earth to Graham.

This bloke thinks the share price will be £6 in a year and possibly £8+ but he sold half his holding yesterday at £4.

I also think it will be £6 soon.

Flow tests went well, considering weather.

However, I'm not investing at the mo. Money is elsewhere. May miss out, but I'm missing out everywhere.

If the shares I am in make 150% profit, I'll be taking some profits too.

Think cleaver knows my circumstances anyway with shares at the moment. No point in ramping to me and I think he knows that. It's not like my small amounts can make a difference.

wotsthat

Graham_Devon wrote: »

If the shares I am in make 150% profit, I'll be taking some profits too.

Me too. I'll buy that holiday home in Cornwall.

damanpunk

This thread reminds me of that episode of Alan Partidge where he has a stalker and ends up running out of his house shouting "F**k off you big !!!!!! you're a mentalist!!!"

The_Fox_3

Cleaver wrote: »

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.

Thats whay should do then Pal!

But do you have to keep saying it over and over and over again.
And what is reasoned debate, sensible passive arguments that allows BTL to continue, yes that would suit you and many other down to the ground.

chucky

damanpunk wrote: »

This thread reminds me of that episode of Alan Partidge where he has a stalker and ends up running out of his house shouting "F**k off you big !!!!!! you're a mentalist!!!"

this forum is like watching a car crash with some of the stuff that these nutters come out with

The_Fox_3

Accountant_Kerry wrote: »

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

No!

If a painless solution on your part was possible then that would be fine with me, if you have to be driven out economically ruined thats also fine by me. I have nothing against you except your BTL business, nobody wants BTL except BTL landlords.

damanpunk

Genuine question for the folks on this thread who say property is too expensive (which it is IMO...)

What have you done to lessen the gap between renting and purchasing?

Have you tried a career change? Went to evening classes to improve your education/chances of a better job? Applied for better paid jobs elsewhere? Thought about moving area?

Ranting on the internet is not your only option to improve your chances of home ownership, believe me.

Arcaine

Graham_Devon wrote: »

As I said, the ones arguing with the OP using the same tactics will be the ones proving his point

I don't think it's particularly fair, or sensible to simply apply a tax retrospectively to BTL landlords. You could do this to second / holiday homes, giving maybe a year or two warning.

However, going forward, you could apply something to every new BTL & second home purchase. That's fair. People know where they stand.

Also like cleavers thoughts on the register, including stuff such as equity held. Would help the tennant immensly in deciding whether to take on a let or not.

Many many things that can be done, but BTL seems to be on the the least legislated in this country, and one which has a massive impact on the stability of the country (banks, house prices etc) and massive impact on families (priced out, speculative bubbles, busts etc).

Not blaming BTL for it all. But BTL has been a major part of speculation and ramping.

Presumably someone thought it would be a good idea to give the poster I was speaking to earlier a second mortgage for a second home, though apparently she couldn't afford to rent. That's madness. The poster is now left with large debts and assets they can't release themselves of, hoping for more price rises, which will only trap more people. This is the craziness I'm talking about, that legislation would have held back slightly, IMO.

There is its called capital gains tax.

System

damanpunk wrote: »

Ranting on the internet is not your only option to improve your chances of home ownership, believe me.

Definitely easier than the other options though.

wherediditallgothen

Joeskeppi wrote: »

Definitely easier than the other options though.

Some people here don't exactly make even that look easy though.