The Rise and Rise of Buy To Let.....

Graham_Devon

wotsthat wrote: »

Good job we've got you GD.

Always able to take a step back and see the big picture.

Quit this bitterness. What is your hangup today? You are like a lost puppy looking for anything which you can somehow create bad feeling.

wotsthat

Graham_Devon wrote: »

Quit this bitterness. What is your hangup today? You are like a lost puppy looking for anything which you can somehow create bad feeling.

Me create bad feeling?

This is from the person who has started hundreds of misery laden threads since 2005.

geneer

wotsthat wrote: »

Me create bad feeling?

This is from the person who has started hundreds of misery laden threads since 2005.

Unlike the doomsayers who gloated about families being locked out of the market you mean.

geneer

IveSeenTheLight wrote: »

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)

Thats nice Lite, but unless you've bought all the properties in aberdeen, I'd take the relevance of those averages with a pinch of salt. As has been demonstrated specifically for Aberdeen, the blunt averages don't neccesarily mean all that much.

Anyhow, you get back to us in 20 years and let us know how you got on with your master plan.

geneer

REWIRED_GHU0L wrote: »

And you get back to us in 20 years time to let us know how your rental is going. By that time you are sure to have paid off the mortgage... the landlords one that is.

Sorry, you appear to be operating under the assumption that I will be renting on 20 years. As this is a false assumption, you have wasted your time.

geneer

Graham_Devon wrote: »

Should have left it there really, as thats not all that pleasant either.

Bad as each other!

Lites little "jab" was based on an outlandish irrelevant premise and so had little impact.

My counter was based on potential repercussions of the ongoing global economic meltdown.
So clearly I am a lot "badder".

Graham_Devon

wotsthat wrote: »

Me create bad feeling?

This is from the person who has started hundreds of misery laden threads since 2005.

Actually came to this part of the forum around 2008/9.

I think you also confuse bad feeling. If posting news reports is considered "creating bad feeling" then I'll simply consider that you take offense at such reports and don't want to hear anything negative. Your perogative.

Unfortunately, most reports I did post, are now coming true...which is one of the biggest reasons for the bitterness....

Willow_wish

ooo this thread is good!

Just about to embark in my first buy to let and nope, not feeling the slightest bit guilty, and yes I am doing it for the security of my kids future (hope to get a good portfolio going!).

Why don't I feel guilty about this? I am 35 and up until last week, I had a 203,000 mortgage and £13k debt. I am now solvent with cash to spare so have a nice little deposit for a btl. Having spent my marriage doing mundane things due to debt, I found myself widowed at the age of 35 earlier this year (hubby was only 36!). His life insurance has cleared out debts and mortgage so that my 2 girls and I can focus on the future with one less worry. My youngest has disabilities.

So should I let then fend for themselves in adulthood (particularly as my youngest is not likely to have a moderate-high paying role!)?
So I feel guilty that I want to ensure my husbands legacy is not squandered and can actively work for the future?

I will take any opportunity that comes my way to see that my girls can enjoy their lives with a few less worries - every moment is precious, and the less stress they may have will help to maximise their enjoyment!

Willow_wish

PS... ISTL - your my hero! Loving your arguments and counter arguments! :hello:

IveSeenTheLight

geneer wrote: »

Thats nice Lite, but unless you've bought all the properties in aberdeen, I'd take the relevance of those averages with a pinch of salt. As has been demonstrated specifically for Aberdeen, the blunt averages don't neccesarily mean all that much.

I have two BTL's in Aberdeen and have made an offer for a third there.
It's a market I know very well and has proven to be a strong rental market.

It's true, blunt averages only give an overall feel and there is much more specific data that could be looked at.

I believe Hamish previously has shown properties that were sold around the peak time and have since re-sold for higher prices.

However, even more specifically, as part of the re-mortgaging / buying process, I've had valuations carried out specifically on the properties and have received valuations which are above what I paid for in April 2004 & Jan 2007.

I do also have a very nice house in Malaysia.
I looked to expand further around the Kuala Lumpur area.
Many of the stats showed strong growth, however I was put off by the amount of empty properties I also saw in the area.
Most of the market seems to be growing by Singaporeans who are buying into Malaysia where it's much cheaper than Singapore and looking to relocate to in future years.

geneer wrote: »

Anyhow, you get back to us in 20 years and let us know how you got on with your master plan.

No problem,
Why don't you get back to us when you buy?
I would hope that's not in 20 years time for your sake.