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Debate House Prices
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May Nationwide MoM +0.3% YoY -1.2%
Comments
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debtistheft wrote: »I have already said that buying property in order to rent it out is a good investment, as long as it is a part of a mixed and balanced portfolio of investments. It's the whole buying a house to live in that I think is a waste of money. Try to keep up. Idiot.
So you think that people shouldn't buy a house to live in, i.e. their family home should be rented accommodation but they should buy a property to rent out whilst living under an AST themselves?0 -
So you think that people shouldn't buy a house to live in, i.e. their family home should be rented accommodation but they should buy a property to rent out whilst living under an AST themselves?
I would not exclude any investment provided that the return from that investment was worth the risk.0 -
debtistheft wrote: »I have already said that buying property in order to rent it out is a good investment, as long as it is a part of a mixed and balanced portfolio of investments. It's the whole buying a house to live in that I think is a waste of money. Try to keep up. Idiot.
Wait...
You think BTL is a good idea, because it's an "investment", but you think people should not buy their own house, but rather buy one for someone else....
The mind boggles....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
debtistheft wrote: »I have already said that buying property in order to rent it out is a good investment, as long as it is a part of a mixed and balanced portfolio of investments. It's the whole buying a house to live in that I think is a waste of money. Try to keep up. Idiot.
Temper Temper my little Internet hard man...
The fact that you are quite obviously wrong in your assertions shouldn't mean you have to resort to name calling. Just admit your error and move on.Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
debtistheft wrote: »I would not exclude any investment provided that the return from that investment was worth the risk.
So why is an investment in BTL worth the risk and an investment in your residential property not worth the risk?0 -
HAMISH_MCTAVISH wrote: »Wait...
You think BTL is a good idea, because it's an "investment", but you think people should not buy their own house, but rather buy one for someone else....
The mind boggles....
well, if someone is going to buy you a property, it's only fair that you should return the favour.
what would be really nice, if people could rent a property to the person they are renting a property from. if the two properties were identical that would be ideal.0 -
HAMISH_MCTAVISH wrote: »Wait...
You think BTL is a good idea, because it's an "investment", but you think people should not buy their own house, but rather buy one for someone else....
The mind boggles....
A boggled mind is a static state for you Hamish, but I will indulge you. As I said in my earlier response, I would not exclude any investment where the return outweighed the risk. In the case of BTL I don't think the return outweighs the risk so I don't think it is a particularly good investment, but it is much better than buying a home to live in. I do believe that property funds that invest in commercial and residential property would be a good investment as long as it formed part of a balance portfolio.
There are rare scenarios where investing in single properties could be risk reduced. Imagine a London property inherited by someone living in Hull. A bit of money spent updating the property and it can now be rented out at a much higher rate than the cost of the loan used to update the property AND the cost of renting a place in Hull.
Other scenarios could be that you save up £100k. You can either 'invest' that in a home for yourself or you could use it as a deposit for 3 other properties. You rent those properties out and the tenants pay them off over a period of 25 years. As long as the return on the initial £100k investment was worth the risk of investing in these properties then the investment was sound.0 -
Oh dear, the bulls are ganging up again. I wonder when the first accusation of sock puppetry will be thrown into the mix? A typical Bull tactic when their arguments fail, just ask DervProf and shortchanged.0
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debtistheft wrote: »Oh dear, the bulls are ganging up again. I wonder when the first accusation of sock puppetry will be thrown into the mix? A typical Bull tactic when their arguments fail.
Wrap up. You are so blatantly a bull sockie pretending to be a bear.0 -
debtistheft wrote: »Naturally I would not advise buying a house and renting it out at a lower rate than your own rent. Idiot.
why not? surely as long as you're making a profit on the BTL, it doesn't matter what rent you might be paying and what rate you're charging rent at.
before: rent payable = 10. net position = -10
after: rent payable = 10; profit on BTL = 5. net position = -10 + 5 = -50
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