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

B_Blank

Road_Hog wrote: »

Let to buy. It is where you have bought a property to live in and then moved on (because of job etc.) and instead of selling it, have let it out.

Fine if you intend to return to the property at some point in the future.

HAMISH_MCTAVISH

B_Blank wrote: »

If you bought shares or bonds .

Then you could end up with absolutely nothing at all.

As investors in more than a few well known companies found out to their cost.

Marconi, Polly Peck, Enron, Northern Rock, etc etc etc

B_Blank

HAMISH_MCTAVISH wrote: »

Then you could end up with absolutely nothing at all.

As investors in more than a few well known companies found out to their cost.

Marconi, Polly Peck, Enron, Northern Rock, etc etc etc

Yes but you wouldnt buy into just 1 would you. You would probably be exposed to hundreds

julieq

B_Blank wrote: »

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.

So the landlords are exploiting the kids by fixing their roofs and paying for their kitchens are they now? Not to mention clearing their gutters. What TOTAL BASTERDS.

The problem here is not landlords, it's the fact that not enough homes are being built. That puts the cost of any sort of accomodation up because there's competition for it. If you have a rented sector, you have landlords of one sort or another, and this may as well be individuals as corporations. By and large private landlords are more decent than, say, Hoogstraten and co.

Do you honestly think there's a class of pre-existing "honourable" landlords who are being usurped by all this awful new money? Or if these new BTL landlords went away prices would suddenly dissolve away to nothing and all the hard working young people would suddenly be gifted deposits and be able to borrow again?

If you prevent people from borrowing to buy through mortgage rationing AND you prevent building by ridiculous planning regulations, prices will go up for rented and owner occupied properties. That is an inexorable fact of life.

Oh, and it's very easy to say you'll give your inheritance away. I doubt you would personally, if you do then good luck to you. It won't help anyone much. If you really want to help then lobby your MP to allow more building and more lending to first time buyers.

B_Blank

julieq wrote: »

So the landlords are exploiting the kids by fixing their roofs and paying for their kitchens are they now? Not to mention clearing their gutters. What TOTAL BASTERDS.

The problem here is not landlords, it's the fact that not enough homes are being built. That puts the cost of any sort of accomodation up because there's competition for it. If you have a rented sector, you have landlords of one sort or another, and this may as well be individuals as corporations. By and large private landlords are more decent than, say, Hoogstraten and co.

Do you honestly think there's a class of pre-existing "honourable" landlords who are being usurped by all this awful new money? Or if these new BTL landlords went away prices would suddenly dissolve away to nothing and all the hard working young people would suddenly be gifted deposits and be able to borrow again?

If you prevent people from borrowing to buy through mortgage rationing AND you prevent building by ridiculous planning regulations, prices will go up for rented and owner occupied properties. That is an inexorable fact of life.

Oh, and it's very easy to say you'll give your inheritance away. I doubt you would personally, if you do then good luck to you. It won't help anyone much. If you really want to help then lobby your MP to allow more building and more lending to first time buyers.

Actually every expert says housing shortages wont have any effect untill 2015. Check the PWC report recently for more information.

O sorry I forgot 1 expert who disagrees: JulieQ on MSE. Qualifications = First class honors in thinking they know anything.

B_Blank

julieq wrote: »

So the landlords are exploiting the kids by fixing their roofs and paying for their kitchens are they now? Not to mention clearing their gutters. What TOTAL BASTERDS.

The problem here is not landlords, it's the fact that not enough homes are being built. That puts the cost of any sort of accomodation up because there's competition for it. If you have a rented sector, you have landlords of one sort or another, and this may as well be individuals as corporations. By and large private landlords are more decent than, say, Hoogstraten and co.

Do you honestly think there's a class of pre-existing "honourable" landlords who are being usurped by all this awful new money? Or if these new BTL landlords went away prices would suddenly dissolve away to nothing and all the hard working young people would suddenly be gifted deposits and be able to borrow again?

If you prevent people from borrowing to buy through mortgage rationing AND you prevent building by ridiculous planning regulations, prices will go up for rented and owner occupied properties. That is an inexorable fact of life.

Oh, and it's very easy to say you'll give your inheritance away. I doubt you would personally, if you do then good luck to you. It won't help anyone much. If you really want to help then lobby your MP to allow more building and more lending to first time buyers.

Doubt all you want. I will give it away. Some people cant understand what it is like to have morals I supoose, and so doubt any good intentions because they cant understand it.

Road_Hog

julieq wrote: »

The problem here is not landlords, it's the fact that not enough homes are being built.

No it is not. It is immigration. If we carry on letting enough people into the country to fill a city the size of Birmingham every 3 years, we will never have enough homes.

What is the point of building enough homes (on Green Belt land) only to find you need another 250,000 in 3 years?

We can concrete over the whole country building homes and making property developers very rich, but there comes a point where we run out of land (we don't make land anymore) to build, we run out of energy (power stations etc.) to power the houses, we run out of congested roads, every where becomes a flood plain because it's all built on, sewerage systems can't cope, infrastructure can't cope, not enough water or land to grow crops.

As soon as we stop immigration, we can asses the housing shortage, look for brownfield sites and address the situation. Until then, we'll be playing catch up, making rich people even more rich and devastating the countryside.

Percy1983

By all means I wouldn't give away my inheritance, but I do question should the inheritance be so much, the reason it will be so much is due to HPI, not my parents work. In turn I will use that inheritance to try and balance off some of the inflated HPI off my own home so a mortgage won't be as crippling and we cam have a more comfortable life and be able to afford to spend time with my own children.

B_Blank

Percy1983 wrote: »

By all means I wouldn't give away my inheritance, but I do question should the inheritance be so much, the reason it will be so much is due to HPI, not my parents work. In turn I will use that inheritance to try and balance off some of the inflated HPI off my own home so a mortgage won't be as crippling and we cam have a more comfortable life and be able to afford to spend time with my own children.

Yes its completely unearned wealth. HPI is completely unearned and dispicible that people such as BTL landlords should chose to try and maximise this unearned wealth with what is little more than a racket.

Good post though percy. As usual your posts are some of the most thoughtful on this forum. Along with others such a brit and macaque

IveSeenTheLight

B_Blank wrote: »

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.

Better check, your tin hat is a bit squiff on your head or it's hampering your brain wavelengths

With regards to being burgled or sticking a knife to my throat, my properties have alarms.
Although not foolproof, most burglars scarper when the sirens start

Incidently, what stops rented property being broken into?
What's the comparitive difference with my family home?
P.S. I live in a gaurded estate as well, so provides even more protection.

Again, my morals are sound, my standards are very good and my tenants are happy