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Debate House Prices
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The Rise and Rise of Buy To Let.....
Comments
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Yes but what other asset classes can you put a 10% deposit down on and receive the benefit of inflation on the total price?
What are the potential downsides on owning a property for in excess of 25 years?
What is the faf with owning a property?
You have to strip out all the maintenance/insuarance etc costs on a proporty. If you bought shares or bonds then I dont think you had to redo the kitcehn every 20 years, sort out the gutters or fix the roof up.I am not a financial expert, and the post above is merely my opinion.:j0 -
Children dont deserve to benefit from their parents wealth. Again that is wrong. Children should live by their own wealth, not a hefty inheritance off an immoral btl landlord.
I do hope that my children will be able to live by their own means and I'm sure they will do so.
There's nothing wrong with being prepared though.
As for my morrality, I'm extremely happy with my morals.
My tenants are also very happy with my accomodation, the standards of the property and the service I provide as a landlord.
There's nothing immoral from being a good landlord.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Ultimately the biggest downside risk to BTL will be government interferance.
If there are significant numbers of politically active renters in the future then we may well find there is rent reforms/land reforms, which would be a !!!!!! to a long term investment strategy.
Most people will look out for their family interests, especially if at an individual level it doesnt hurt anyone - and lets be honest 1 extra buy to let has no real impact. However if the balance goes too far then theres the risk of governmental action.
However at the moment it seems a fairly safe bet that the government is quite happy, and has been helping property owners (low rates etc as Sibley reminds us of frequently).
I dont like high house prices, or the impact btl is having on future generations, however I can see the logic of securing additional property as part of a long term family plan, albeit one with quite a lot of risks if you are putting all your investments into property.0 -
IveSeenTheLight wrote: »Well, let's look at this.
Part of the reason why I have invested into BTL property is to provide security for my family.
I have children and by securing property now, I'm helping to provide for my children if needed.
You may think this is selfish, but that's life.
Looking after and providing for your family is one of natures attributes.
fair enough. Just as long as you have the same attitude when someone burgles your house to provide for themselves and their family. Or when someone sticks a knife to your throat and demands your money.
If you have no care for your moral obligations then you shoudl expect others to have no moral obligations to anything you own.
Sadly, i suspect you have double standards.I am not a financial expert, and the post above is merely my opinion.:j0 -
Dare I say your counter is a bit rubbish.
Which do I need more shelter or football/movies?
One has a capitve market the other doesn't, we don't all need more TV channels but we do all need shelter.
Zooooooommmmmmmm...........
Whooooooooosh...............
Is irony really dead? I'm beginning to think so.
Tell me what the great unwashed would rather spend an extra £100 a month on? A slightly better house? Or upgrade the subscription for more live sport?0 -
Mallotum_X wrote: »Ultimately the biggest downside risk to BTL will be government interferance.
If there are significant numbers of politically active renters in the future then we may well find there is rent reforms/land reforms, which would be a !!!!!! to a long term investment strategy.
Most people will look out for their family interests, especially if at an individual level it doesnt hurt anyone - and lets be honest 1 extra buy to let has no real impact. However if the balance goes to far then theres the risk of governmental action.
However at the moment it seems a fairly safe bet that the government is quite happy, and has been helping property owners (low rates etc as Sibley reminds us offrequently).
I dont like high house prices, or the impact btl is having on future generations, however I can see the logic of securing additional property as part of a long term family plan, albeit one with quite a lot of risks if you are putting all your investments into property.
Good post. Very balanced view.I am not a financial expert, and the post above is merely my opinion.:j0 -
You'll probably find that almost all other asset classes have outstripped property, especially in your lifetime.
.
And how many of those other asset classes does someone else buy for you?
Answers on a postcard.....“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
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