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

StevieJ

Linton wrote: »

The people making house price rises happen are the Great British Public outbidding each other to get hold of the house they want. Banks, Landlords and EAs merely ride the wave.

There is me thinking they were providing the finance based on 'in the pay' surveyors opinions.

Graham_Devon

Linton wrote: »

The people making house price rises happen are the Great British Public outbidding each other to get hold of the house they want. Banks, Landlords and EAs merely ride the wave.

How could they outbid?

Wouldn't be anything to do with every increasing mortgages allowing them to outbid? Wouldn't be mortgages increasing to 100%, 110%, 125%?

If not....can you explain why a retraction in such mortgage lending has caused all this outbidding to dry up and prices to decline?

Surely if it was the normal people with their cash outbidding each other, that would still be happening, regardless of the mortgage lending banks currently give?

The banks provided the finance....when that finance was no longer enough, they simply upped the amount they'd give, and add in personal loans to allow for increasing prices and bidding wars to continue.

I find it bizzare that I'm now arguing with those that blame the banks for not lending for the decline in prices and decline in approvals etc. Same people are trying now to suggest that it wasn't the banks at all, it was your average family selling their house and outbidding each other that was the cause.

twadge_face

chucky wrote: »

lol

these 'normal families' don't have to sell just like they don't need to buy another if they thought that their local village was so important...

comparing seling and buying property to people in the 3rd world is desperate

It's a good job you're all sorted Chuckles. As I presume you are.

What about anyone else?

ANYONE BUT YOURSELF?!

StevieJ

Cleaver wrote: »

Oh c'mon Graham. Pretty much everyone over the last decade or so was rubbing their hands with glee at HPI, not just landlords. Paint stuff white, wooden floor, £20k in the bank. Everyone was at it, including 'normal families', and the comparison with sweat shops isn't really the same, is it?

In no way was everybody doing that and the ones that were were taking a risk, just like investing in the stock market, nobody knows when the music is going to stop.

Graham_Devon

Cleaver wrote: »

Oh c'mon Graham. Pretty much everyone over the last decade or so was rubbing their hands with glee at HPI, not just landlords. Paint stuff white, wooden floor, £20k in the bank. Everyone was at it, including 'normal families', and the comparison with sweat shops isn't really the same, is it?

I don't agree with pretty much everyone.

Many people wanted a nice house, and many would do up a house to sell it, agree, but that's more sense than anything else.

As for the sweat shop comparison, I could come up with loads of scenarios where you could blame the seller for the price.

In nearly all situations, its not the seller that sets the price. It's the buyer, and the buyers creditors.

Should we, for instance, blame farmers for their own demise by selling milk at just about break even prices? I don't think so, they didnt have much choice, the farmers couldn't set the costs...if they did, they ultimately went under.

Should we blame cotton growers for the increase in cotton prices? Or should we look at the speculators and weather patterns?

Just like families selling houses in their communities didnt start, or set off HPI. Neither were they responsible for it. Which I think JanCee's point was trying to make out, by blaming those in communities for selling.

chucky

!!!!!!_face wrote: »

It's a good job you're all sorted Chuckles. As I presume you are.

What about anyone else?

ANYONE BUT YOURSELF?!

each generation needs to plan and make the best of each opportunity and each economic cycle for themselves and their family.

if you don't do that, nobody else will. i include governments in that.

there's no use in blaming BTL or anyone else for the price of property. i could blame Saudi Arabia for not sharing or keeping the price of oil cheap so that i don't pay too much for oil and petrol.

but i won't...

JonnyBravo

!!!!!!_face wrote: »

It's a good job you're all sorted Chuckles. As I presume you are.

What about anyone else?

ANYONE BUT YOURSELF?!

All relative though isn't it?
I'm sure many worse off look at all of us in this country and think the same thing.
You're as guilty as chuckles, myself and all but a very very few who really do give everything they can. Including themselves.

There was a bloke in the news recently giving £1m to charity over his lifetime. He earnt an ordinary wage.
A massive assumption here, but I presume you're not doing something similar?

twadge_face

JonnyBravo wrote: »

All relative though isn't it?
I'm sure many worse off look at all of us in this country and think the same thing.
You're as guilty as chuckles, myself and all but a very very few who really do give everything they can. Including themselves.

There was a bloke in the news recently giving £1m to charity over his lifetime. He earnt an ordinary wage.
A massive assumption here, but I presume you're not doing something similar?

Of course it is.

But we're all guilty? I like that.

I would say I am proactive but would choose not disclose my activities on this board due to reasons of privacy.

twadge_face

chucky wrote: »

each generation needs to plan and make the best of each opportunity and each economic cycle for themselves and their family.

if you don't do that, nobody else will. i include governments in that.

there's no use in blaming BTL or anyone else for the price of property. i could blame Saudi Arabia for not sharing or keeping the price of oil cheap so that i don't pay too much for oil and petrol.

but i won't...

Funny that they didn't teach us that at school!

One for the MSE financial education agenda, perhaps?

I have to ask, Chucky, are you as cold and passionless as you sound?

chucky

!!!!!!_face wrote: »

Funny that they didn't teach us that at school!

One for the MSE financial education agenda, perhaps?

financial education as well as maths should be part of the curriculum at schools.

!!!!!!_face wrote: »

I have to ask, Chucky, are you as cold and passionless as you sound?

nah, it's only an internet forum !!!!!!.

me and you would be best buddies i'm sure... not that it's important anyway