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The Rise and Rise of Buy To Let.....
Comments
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IveSeenTheLight wrote: »How can you claim it to be dead, when statistically it can and has been shown that it is still expanding?
:rotfl:Did someone say "semantic babbling".
The distinction has been made and made clearly lite.0 -
Our student BTL houses are making us loads at the moment. But we are wisely (I think) paying down the mortgages so that as and when interest rates rise, we won't owe very much.0
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:rotfl:Did someone say "semantic babbling".
The distinction has been made and made clearly lite.
Indeed, it has been made clear nowThis is BTL as geneer knows it, which may not necessarily have much in common with real world concepts.
Like that whole 'Bull' = homeowner, 'Bear' = frustrated, aspiring homeowner thing that he has going on.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I don't know why people dislike BTL - if it works, and makes you money, then you have the right to do it.
It works for me.
Yes, it's odd isn't it ?
The same sort of attitude is shown to city bankers. It works for them too, and makes them money.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
IveSeenTheLight wrote: »Indeed, it has been made clear now
I'm sorry Lite. You appear to have posted a completely unrelated quote.
Its almost as if you have ran out of coherent arguments.0 -
I'm sorry Lite. You appear to have posted a completely unrelated quote.
Its almost as if you have ran out of coherent arguments.
geneer, geneer, geneer.
It's a simple case of following a thread and the relevant posts
1. I asked a questionOriginally Posted by IveSeenTheLight
How can you claim it to be dead, when statistically it can and has been shown that it is still expanding?
2. Rob answered the questionOriginally Posted by robmatic
This is BTL as geneer knows it, which may not necessarily have much in common with real world concepts.
Like that whole 'Bull' = homeowner, 'Bear' = frustrated, aspiring homeowner thing that he has going on.
3. You also answered the same questionOriginally Posted by geneer
:rotfl:Did someone say "semantic babbling".
The distinction has been made and made clearly lite.
4. I then linked up the two replies to my one questionOriginally Posted by IveSeenTheLight
Indeed, it has been made clear now
If you can't follow such a simple coherent flow of 4four posts, then how can you attempt to cater anything mildly more substantial?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »geneer, geneer, geneer.
It's a simple case of following a thread and the relevant posts
1. I asked a question
2. Rob answered the question
3. You also answered the same question
4. I then linked up the two replies to my one question
If you can't follow such a simple coherent flow of 4four posts, then how can you attempt to cater anything mildly more substantial?
Actually lite, I most certainly answered the question toward me.
Robmatics ravings have nothing to do with it.People didn't like what BTL became in the final years of the bubble, with every mindless johnny come lately thinking they were property developers because the banks would give them a mortgage if they could spell their initials right.
Currently the BTL is a very different beast.
There have always been landlords and always will be.
But BTL as we knew it is well and truly dead. As predicted.
Regardless of the semantic babbling of the embittered bulls.
At which point you decided that you didn't like this clear explanation and instead decided to argue that as long as a BTL mortgage products remain on the market, BTL is not dead.
I.e. semantic babbling. Irrelevant to my point, the bearish predictions, and my clarification.0 -
At which point you decided that you didn't like this clear explanation and instead decided to argue that as long as a BTL mortgage products remain on the market, BTL is not dead.
I didn't mention anything about BTL mortgage products rmaining on the market.
I very clearly demonstrated that BTL outstanding mortgages was increasing. A clear indicator that the market is still expanding and far from dead.
If there are more BTL this year, than there was the year before and the year before etc etc etc, how can you say the market is dead?
If you could demontrate that the market was indeed shrinking (which it isn;t) then you could have a basis in which to consider the market is dead.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I didn't mention anything about BTL mortgage products rmaining on the market.
No but you are reliant on the fallacious pretense that BTL mortgages are identical to what they were and that the market continues to operate in the same way as it did previously.
It does not.IveSeenTheLight wrote: »I very clearly demonstrated that BTL outstanding mortgages was increasing.
No. You simply reitterated what was already wholly understood by anyone looking at the statistics.IveSeenTheLight wrote: »If there are more BTL this year, than there was the year before and the year before etc etc etc, how can you say the market is dead?
The BTL market has fundamentally changed.
Mortgage requirements are much more onerous.
BTL sales have nosedived by an astonishing proportion.
The BTL market as we knew is effectively dead.IveSeenTheLight wrote: »If you could demontrate that the market was indeed shrinking (which it isn;t) then you could have a basis in which to consider the market is dead.
Semantic babble. You want to be the sole arbitrator of meaning.
But you are not.
The BTL market, as it was, is no more.
Tedious and pointless pedantry won't change that. :cool:0 -
No but you are reliant on the fallacious pretense that BTL mortgages are identical to what they were and that the market continues to operate in the same way as it did previously.
It does not.
No. You simply reitterated what was already wholly understood by anyone looking at the statistics.
Nice edit and change of goalposts from you.
It's your definition that the market is dead, which does not correspond to most othersThe BTL market has fundamentally changed.
Mortgage requirements are much more onerous.
BTL sales have nosedived by an astonishing proportion.
The BTL market as we knew is effectively dead.
How specifically has it changed?
Explain how the requirements are more onerous? I've just applied for two BTL remortgages and one new BTL mortgage so I know what the current requirements are.
BTL sales have nosedived - no one has disputed that. You'll also find that standard residential mortgages have also "nosedived".
The market for mortgages in total have been affected by the last few years economic ipact.
certainly doesn't explain your "market is dead" anology
If something is dead, its not moving. Do we need to re-iterate again that the market is still moving.
I've a feeling of deja-vu with you on this, it's just like another of your aeroplane soft-landing pisodesSemantic babble. You want to be the sole arbitrator of meaning.
But you are not.
The BTL market, as it was, is no more.
Tedious and pointless pedantry won't change that. :cool:
YIt's your semantics that appear to be different from the norm.
Your right though, your "Tedious and pointless pedantry won't change that. :cool:":wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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