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Debate House Prices
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The Rise and Rise of Buy To Let.....
Comments
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(See my previous post for the two links for the below data)
Yes, to put the figures into context, BTL reposessions increased by 200 from 1700 to 1900 (notice the hundreds rounding)
Meanwhile in total reposessions, there was 9,000 reposessions in the second quarter
They're forecasting 40,000 reposessions in 2011 (although we have shown their forecasting for reposession in the last couple of years have always been over exagerated)
How are these figures against previous years / forecasts?
http://forums.moneysavingexpert.com/showpost.php?p=35631667&postcount=52In 2010 It was 53,000, now 39,000 a downward revision of 26.4%
http://forums.moneysavingexpert.com/showpost.php?p=32817715&postcount=49
http://forums.moneysavingexpert.com/showpost.php?p=32784555&postcount=5they predicted 75,000 reposessions in 2009 and ended up adjusting it's forecast to 48,000:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
If only you could invest all your money in something much more profitable. :rotfl:
Sadly its a bit harder to offload BTLs in this failing market eh.
Who want's to offload?
My BTL's are a long term strategy.
They provide relative safety if albeit may not achieve the same returns as riskier investments:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Of course. You're in such a good, healthy place you have absolutely no compulsion to engage in self agrandisement on a faceless internet forum.
Glad we got that settled.
It's not a problem geneer.
when I've retired and pass you on the Princess Street with your sandwich board, I'll happily drop a pound or two into your donation bucket :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »It's not a problem geneer.
when I've retired and pass you on the Princess Street with your sandwich board, I'll happily drop a pound or two into your donation bucket
ISTL, the type of boasting you are now resorting to isn't all that pleasant.0 -
Graham_Devon wrote: »ISTL, the type of boasting you are now resorting to isn't all that pleasant.
Your right, I apologise. It was below the belt. It was supposed to be humerous whilst also a tad factual (not the sandwich board but potentially he will still have rent to pay for through his own choices to refrain from buying)
I shouldn't lower myself to geneers standards though :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »ISTL, the type of boasting you are now resorting to isn't all that pleasant.
What boasting? That he's got a pound or two?
Of course if the economic fall out gets much worse, theres a good chance that when he's retired thats all he will have.
Hunkering down in his big expensive house, eating nothing but tins of beans.0 -
IveSeenTheLight wrote: »Who want's to offload?
My BTL's are a long term strategy.
They provide relative safety if albeit may not achieve the same returns as riskier investments
Of course. Theres nothing risky about switching to interest only on an asset likely to continue depreciating in price, whilst investing in markets on the verge of a further meltdown.
Best of luck to you lite.0 -
Of course. Theres nothing risky about switching to interest only on an asset likely to continue depreciating in price, whilst investing in markets on the verge of a further meltdown.
Best of luck to you lite.
Hmmm.
Evidence of already depreciating in price please?
I bought one property in April 2004 and another in Jan 2007.
Looking at the ROSEA data, prices are demonstrably higher on both periods.
That said, I do consider the market has pretty much stagnated over the previous 4 years, some months up, some months down.
I'm 37 now. Looking to retire in about 20 years time
What's the likelyhood position of prices in the next 20 years?
Answer Lower or Higher than now
(cue real term back out, to which I could revery to deposit price against full rental and also rental income in the coming 20 years):wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
What boasting? That he's got a pound or two?
Of course if the economic fall out gets much worse, theres a good chance that when he's retired thats all he will have.
Hunkering down in his big expensive house, eating nothing but tins of beans.
Should have left it there really, as thats not all that pleasant either.
Bad as each other!0 -
Graham_Devon wrote: »Should have left it there really, as thats not all that pleasant either.
Bad as each other!
Good job we've got you GD.
Always able to take a step back and see the big picture.0
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