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

DervProf

paul1964 wrote: »

Yes, but you can't compare "7%" against these numbers because they are expressing different things. The numbers you quote will (I expect) be percentage increases from the initial cost, whereas the "7%" is a percentage of the final cost.

e.g. House has initial cost of £100,000 and goes up 230% over the period to £330,000.

If we assume 7% (£23,100) of this is the effect of BTL, the increase will be 23.1% of the initial cost. So, this is the figure that should be compared to the one you quote for the SW.

Keep it off-topic, please !

chucky

DervProf wrote: »

I have been thinking the same since the return of chucky.

you need to get out more - thinking about a random stranger on an internet forum is a bit strange.

i'd suggest friends that you don't meet on t'tinternet...

wotsthat

paul1964 wrote: »

Yes, but you can't compare "7%" against these numbers because they are expressing different things. The numbers you quote will (I expect) be percentage increases from the initial cost, whereas the "7%" is a percentage of the final cost.

e.g. House has initial cost of £100,000 and goes up 230% over the period to £330,000.

If we assume 7% (£23,100) of this is the effect of BTL, the increase will be 23.1% of the initial cost. So, this is the figure that should be compared to the one you quote for the SW.

Yes I agree. We aren't comparing apples with apples.

Don't forget though that 7% = £13,000 and not £23,100 so you've probably ovestated the initial cost.

paul1964_2

wotsthat wrote: »

Yes I agree. We aren't comparing apples with apples.

Don't forget though that 7% = £13,000 and not £23,100 so you've probably ovestated the initial cost.

Yes, being lazy, I just picked a number with a load of 0's at the end so it was easy to work with. It was only the percentage that I was trying to get at.

DervProf

chucky wrote: »

you need to get out more - thinking about a random stranger on an internet forum is a bit strange.

i'd suggest friends that you don't meet on t'tinternet...

As it happens, I`m just about to go out and visit a friend right now.

But hang on one second, are you not doing the same ? You are thinking about, and posting about me (amongst others), so maybe you should practice what you preach, sunshine.

DervProf

When I said "You are posting and thinking about me (amongst others)", I don`t think you do much thinking before posting, so I`ll backtrack, if you don't mind.

DervProf

THE_GHOULISH_CODPIECE wrote: »

BTLers have a right to a pension and decent retirement.

As do non-BTLers.

Conrad

The Fox - what did / does your Dad / Mum do for a living?

diable

Conrad wrote: »

The Fox - what did / does your Dad / Mum do for a living?

You mean Mr and Mrs Rachman?

ninky_2

i look at btl in the same way as benefit claiming. in an ideal world it wouldn't exist but it isn't an ideal world. individuals will milk a system if the system allows it. checks and balances need to be brought into play to make sure selfishness does the minimum amount of damage.

i'd like to see rent caps by postcode / floor space. also minimum carbon efficiencies for properties that are rented out on the private market, not just corby (or whatever it is called now) checks. i'd also like to see tax on property for profit ownership not just on income generated from it.