Housing market collapses

markharding557

THE_GHOULS_ARE_FOOLS wrote: »

Periods like this are a fantstic time to expand your BTL portfolio I find. Especially as you can get some mug renter to pay the mortgage for you. IT's a Win Win situation.

You should remember your renters are your customers and your business income.
If you treated me with such offensive disrespect i would tell you to shove your blt up your butt and then i would stay put until a court ordered me to leave which would take months and a lot of lost rent money for you.

diable

markharding557 wrote: »

You should remember your renters are your customers and your business income.
If you treated me with such offensive disrespect i would tell you to shove your blt up your butt and then i would stay put until a court ordered me to leave which would take months and a lot of lost rent money for you.

There are ways around that ;o)))))

HAMISH_MCTAVISH

Spot the winner.

The people with the houses.

Whilst those without post bizarre and nonsensical hypothetical calculations on MSE.

HAMISH_MCTAVISH

markharding557 wrote: »

You should remember your renters are your customers and your business income.
If you treated me with such offensive disrespect i would tell you to shove your blt up your butt and then i would stay put until a court ordered me to leave which would take months and a lot of lost rent money for you.

And in the process you'd trash your credit rating and struggle to rent another property for the next few years.

Genius.

smeagold

REAL_MEN_OWN_PROPERTY wrote: »

To be honest if you can get a mug to pay the mortgage off for you as you holiday abroad then more fool them and, at the very least, 6 months less mortgage to pay for you. All is good.

As a BTL LL do you get fixed rate mortgages on your properties?

smeagold

Where do you think we are with housing?:)

In gold we are at the end of phase 2, in the bear trap

mystic_trev

smeagold wrote: »

In gold we are at the end of phase 2, in the bear trap

I think you'll find you're in the bullsh1t trap

smeagold

mystic_trev wrote: »

I think you'll find you're in the bullsh1t trap

really? so we had the mania phase already? how many do you know invested? ask around in your pub, that'll tell you. As for housing we def already had the mania.

74tnemele

AD9898 wrote: »

I posted this on another thread.... but it applies here......

No surprise, it's what I've been saying for months, that any rises in prices that have been posted over the past 12-18 months is set against a backdrop of very low activity. Which means if you want or 'have' to sell your house you're on a wing and prayer, it may take a few weeks but likely months or even years.

This is why low IR's, government schemes and banks not repo'ing have been so important in keeping the market from dying completely. If rates were to rise I can easily see the market 'coming off' 40% with no banks wanting to lend and lots of forced sellers who can't pay their massive mortgages.

So they will not put up IRs then? They can not afford to put them up, so many of us will be finding it too hard to make our monthly payments. If they go up a little it will send a message that would have downwards pressure on house prices.

leveller2911

PasturesNew wrote: »

Round my way, looking at "houses to market in the past 24 hours, including those with price changes", just chucked up a couple with 'big drops'. One from £120k to £105k and another two at £135k down to £110k. Proper drops, not these namby pamby £5-10k drops others are so fond of.

Its not just round your way Pastures.There was a 2 bedroom bungalow opposite us which was on the market for around 14 months on for £215k.The same bungalow sold via Clive Emson Auctioneers for £140k.
The chap that bought it (Taxi driver) fitted new carpets and a fresh lick of paint and has slapped it back on the market for £199k.

Typical amateur chancer, buyers aren't stupid (anymore),its very easy to find out what a property previously sold for especially as it only sold 3 months ago...