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

The_Fox_3

The_Fox wrote: »

TROLLS!!

Will just come out with any bulls**t in order to get attention, how much money are you will to put on it then and how will you secure that bet.

How about £5000, do it all through MSE(can the staff help with this) and i will donate half of the money to any charity that MSE see's fit(would prefer crisis or MS though), my two shifts are from 3pm to midnight on the days i said at Ivax quays, royal docklands, London, E16

I will be more than happy to meet anyone on the day, so come on MSE and Martin Lewis(i know he is a top guy for raising money for charity).

So come on Mr Cocky, lets see if you have the balls:)

Come on Chucky.

i see you are still posting after i made you a challenge, put your money where your mouth is then you big bullshi**g BTL coward. Don't you want £5000 in your back pocket, i will glady hand over my £5000 to Martin Lewis as long as you do, and then he can give me my £7500 and the rest can go to charity.

I am waiting Chucky:rotfl:

Graham_Devon

chucky wrote: »

claiming posters are like sales people or are sales people is very desperate... and very sad...

Again, I suggest you actually read posts.

Percy1983

paul1964 wrote: »

That is an interesting figure which I have not come across before and it does suggest that BTL has little impact on the housing market. Any chance of a link to its source?

Thanks.

Houses being 7% higher is little impact?

I do need to find the time range for the 7% as i don't believe its over 20 years, probably closer to the last 5 years as thats when the BTL's really started buying up more than was needed for the market and therefore making the market needed.

System

Percy1983 wrote: »

Houses being 7% higher is little impact?

I do need to find the time range for the 7% as i don't believe its over 20 years, probably closer to the last 5 years as thats when the BTL's really started buying up more than was needed for the market and therefore making the market needed.

14 years...

wotsthat

Percy1983 wrote: »

Houses being 7% higher is little impact?

I do need to find the time range for the 7% as i don't believe its over 20 years, probably closer to the last 5 years as thats when the BTL's really started buying up more than was needed for the market and therefore making the market needed.

BTL mortgage lending would appear to have increased house prices since its introduction in 1996 Q3 but it is important to note that the impact is small in relation to the effect of household growth, the size of the housing stock, mortgage interest rates, and changes in disposable income.

However, it has nevertheless had some impact on prices and therefore affordability. For instance, by 2007 Q2 BTL investment was estimated to have increased prices by up to 7 per cent, which
was the equivalent of £13,000 on the average house price in that period. This may have been enough to price out some potential buyers from the housing market. On the upside, it is important to acknowledge that there are significant economic and social benefits being delivered by the sector.

Seems like a balanced conclusion. I'd imagine that in some parts of the country like London the figure is somewhat higher than 7% and obviously lower in other parts.

Cleaver

!!!!!!_face wrote: »

You pays yer money you takes yer choice.

Well, I think that was the point I was making wasn't it?

!!!!!!_face wrote: »

How terribly convenient you fit in with the system you think is so glorious.

Have you read my posts on here? The discussion Graham and I had earlier on this very thread? I don't think the system is 'glorious'. There are a lot of terrible landlords out there, I think a lot of the industry needs shaking up and for the past decade it's been stupidly easy for landlords who aren't very good to make a shedload of money. None of that is good, but we are where we are and it is what it is.

My argument is that either taxing BTL 90% or suggesting that universities house all their students at all times is not a viable solution to the problem our society finds itself in.

And as a point of order, me saying that my mates and I rented a house and had an okay time of it doesn't somehow equate to me flying the flag for how great BTL is. But I think you know that.

!!!!!!_face wrote: »

No but is there really a requirement for BTL landlords to hoover up the properties which previously would have been typical FTB places??

There's two questions here, around whether it's a good thing and whether there's a requirement. I don't think BTLers buying so many FTBer houses over the past decade is a good thing. Is there a requirement for it in University towns and cities? I would suggest there is.

!!!!!!_face wrote: »

Oh yeah, for their pensions and their own private wealth.

Funnily enough the main BTL landlords/barons I know were previously drugdealers (should say drugfarmers, iyswim).

With regard to your first point I don't know anyone who sets up a business without an intention to make money for themselves. That includes people who sell things vital to life, whether that be food, water, shelter or heat. I think there's a valid debate to be had around some of the morals of BTL, but there's nothing wrong with people making money out of a business they set up.

No point engaging in your second point as it just sounds childish.

Percy1983

Why thank you, is in theory year 1 it made little difference and same as year 2, but of course it has accumulated to something significant (7%).

In short many would find it easier to buy if prices where 7% less than they are now.

DervProf

The_Fox wrote: »

Come on Chucky.

i see you are still posting after i made you a challenge, put your money where your mouth is then you big bullshi**g BTL coward. Don't you want £5000 in your back pocket, i will glady hand over my £5000 to Martin Lewis as long as you do, and then he can give me my £7500 and the rest can go to charity.

I am waiting Chucky:rotfl:

Another knockout punch. :T:T:T

diable

The_Fox wrote: »

Come on Chucky.

i see you are still posting after i made you a challenge, put your money where your mouth is then you big bullshi**g BTL coward. Don't you want £5000 in your back pocket, i will glady hand over my £5000 to Martin Lewis as long as you do, and then he can give me my £7500 and the rest can go to charity.

I am waiting Chucky:rotfl:

Make it worthwhile at say £50k

wotsthat

Percy1983 wrote: »

Why thank you, is in theory year 1 it made little difference and same as year 2, but of course it has accumulated to something significant (7%).

In short many would find it easier to buy if prices where 7% less than they are now.

£13,000 over 14 years is significant but it's not a great deal of money although that's a matter of perspective.

It would seem to indicate that whilst BTL has an effect on the housing market it's probably too an extreme a view to call for massive taxation or even an outright banning of BTL.