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The Rise and Rise of Buy To Let.....
Comments
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Willow_wish wrote: »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!).
Congratulations Willow_wish,
If you have identified a good BTL opportunity in a strong rental market area, I'm sure you will find your embarkment a huge success.
I wish you all the best in your ventrues:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I have two BTL's in Aberdeen and have made an offer for a third there.
So "No" then.
IveSeenTheLight wrote: »It's true, blunt averages only give an overall feel and there is much more specific data that could be looked at.
Yes it is true.
IveSeenTheLight wrote: »I believe Hamish previously has shown properties that were sold around the peak time and have since re-sold for higher prices.
Ah. I see. So instead of looking at the blunt averages, we’re now looking at a couple of cherry picket properties as “proof”. Gotcha.
IveSeenTheLight wrote: »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 will take your word for it.
Same as everyone else who lives on that most prestigious of addresses "up my street"
IveSeenTheLight wrote: »However, even more specifically, as part of the re-mortgaging /
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.
Thanks for sharing.
Can’t recall asking.
IveSeenTheLight wrote: »No problem
Cool. You should be able to find the forum in 20 years. Just google “Pimperne1 & Jonathan Davis”, or “Hamish & HPC”.
IveSeenTheLight wrote: »Why don't you get back to us when you buy?
I would hope that's not in 20 years time for your sake.
Why? What would happen if I didn’t happen buy. Would the world end?0 -
So "No" then.
You seem to have miss read or an ability to missunderstand simple posts.
The answer is "yes"Ah. I see. So instead of looking at the blunt averages, we’re now looking at a couple of cherry picket properties as “proof”. Gotcha.
Not instead of, in addition to.
I will take your word for it.
Same as everyone else who lives on that most prestigious of addresses "up my street"
I accept it's anecdotal for you, but for me, I've now got the blunt averages for the area as available from the Registers Of Scotland Executive Agency, specific instances of other properties actually sold in a certain time period and also actual valuations on my very specific properties.
For you, I accept it's not pertanent to you, but for me the data is sufficientThanks for sharing.
Can’t recall asking.
We'll you made a very specific point about the location
Hence why I divulged that I do have other interests elsewhere.but unless you've bought all the properties in aberdeen
We'll you asked to get back to you (unless you now claim that you are not part of the terminology "us"Cool. You should be able to find the forum in 20 years. Just google “Pimperne1 & Jonathan Davis”, or “Hamish & HPC”
Most probably not.Why? What would happen if I didn’t happen buy. Would the world end?
The world will likely continue. People will continue to buy if they can, or rent if they can't.
If you didn't buy, you'll likely continue in your current classification as a renter as we move into the period currently being refferred to as generation rent and probably still bemoaning on an internet forum.
Just Just google “Pimperne1 & Jonathan Davis”, “Hamish & HPC” or "geneer could have bought in 2005" :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »You seem to have miss read or an ability to missunderstand simple posts.
The answer is "yes"
Oh. So "yes" you do own everyhouse in aberdeen.
Right you are then.:TIveSeenTheLight wrote: »
Not instead of, in addition to.
I accept it's anecdotal for you, but for me, I've now got the blunt averages for the area as available from the Registers Of Scotland Executive Agency, specific instances of other properties actually sold in a certain time period and also actual valuations on my very specific properties.
For you, I accept it's not pertanent to you, but for me the data is sufficient
Yes. The data for "up your street".
It really is a wonderfully popular address amongst the Bulls.
Didn't we go through this already?
IveSeenTheLight wrote: »We'll you made a very specific point about the location
Hence why I divulged that I do have other interests elsewhere.
Though of course your divulging had absolutely nothing to do with the very specific point I made.
Seems to have more to do with the same "short-man syndrome" displayed by a startling number of so called bulls.
Sorry but this statement makes absolutely no sense at all.IveSeenTheLight wrote: »We'll you asked to get back to you (unless you now claim that you are not part of the terminology "us"
Not that much of what you say has a coherent point.
Just that this one in particular just has no apparent justification or context.
Or indeed choose to, or not.IveSeenTheLight wrote: »Most probably not.
The world will likely continue. People will continue to buy if they can, or rent if they can't.
Because it is a choice, involving more factors and reasoning than some Bulls desperate need to "prove" they were right
despite the fact that they were proven so very wrong.IveSeenTheLight wrote: »If you didn't buy, you'll likely continue in your current classification as a renter as we move into the period currently being refferred to as generation rent and probably still bemoaning on an internet forum.
Just Just google “Pimperne1 & Jonathan Davis”, “Hamish & HPC” or "geneer could have bought in 2005"
:rotfl:Yes. A very good point. Google "Geneer" and "2005" in 20 years and it is indeed very likely you will still find the same embittered members of "Geneers Gals" frothing and shouting at the internet.0 -
Which reports of yours are coming true Dev?Graham_Devon wrote: »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....0 -
Which reports of yours are coming true Dev?
Almost worth a thread of it's own.....:D“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 -
HAMISH_MCTAVISH wrote: »Almost worth a thread of it's own.....:D
Would it?
I doubt it would have much content:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall: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.
I didn't realise that this was an old thread until I worked backward through it. I hope no one minds me quoting this old post, but I was astonished about how bad this advice turned out to be!
It just goes to show that people should do their own research and not rely on strangers on the internet who might just be pushing their own agendas.
For the record, I invested in the markets immediately after the 2008 meltdown and have done extremely well with those investments. One fund has gained 112% since I bought into it in 2010.
It's astonishing how the bloke I quoted used this really crappy advice as a putdown and then was completely proved wrong!! - no wonder he stopped logging in here (Last Activity: 04-08-2012 8:52 AM )!!!!0 -
OffGridLiving wrote: »I didn't realise that this was an old thread until I worked backward through it. I hope no one minds me quoting this old post, but I was astonished about how bad this advice turned out to be!
It just goes to show that people should do their own research and not rely on strangers on the internet who might just be pushing their own agendas.
For the record, I invested in the markets immediately after the 2008 meltdown and have done extremely well with those investments. One fund has gained 112% since I bought into it in 2010.
It's astonishing how the bloke I quoted used this really crappy advice as a putdown and then was completely proved wrong!! - no wonder he stopped logging in here (Last Activity: 04-08-2012 8:52 AM )!!!!
Geneer was a strange sort of a troll poster, who eventually claimed to have bought a house back in 2009 despite arguing against the wisdom of doing so well into 2011.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »Geneer was a strange sort of a troll poster, who eventually claimed to have bought a house back in 2009 despite arguing against the wisdom of doing so well into 2011.
LOL, was he hedging his bets so that he didn't look stupid buying a house which then crashed in value post 2009 or was he just making up a house purchase when he realised he missed the bottom in 2009?
I tried reading his other posts but all that multiple/split posting sent my eyes funny and I had to stop reading it. It was also a bit dull to be honest - like reading the scrawls of a 5 year old.
I guess the best that can be said is that he wised up to how wrong he was and departed. From the posts on this thread, old Devon doesn't seem to have learned the same lesson. Those Devon posts from a few years ago could have been from yesterday. Same old hackneyed theories that were discredited years ago, but dusted off and reused. I found the comment about his negative posting to be funny - no change there either. The guy must be a manic depressive to just always focus on half-empty glasses. I'd lay money on him being single, and having been single for a loooong time!0
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