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The Rise and Rise of Buy To Let.....
Comments
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Losing_the_way wrote: »So of the posters on this thread how many of you are/have expanded your portfolio since 2008?
That's the bottom line, be interesting to see how many if any.
I bought a house to rent out in 2008, although when interest rates eventually go back up I may pay quite a bit of my mortgages off. I'm certainly not looking to invest further, but that's because at my age (mid 50's) it's time to think about getting out in 10 years or so and consolodate my position.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 -
“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 -
Graham_Devon wrote: »It's not really filling a void though is it.
It's taking over. And council rents would not have done what BTL rents are doing.
It's not taking over, it's covering a gap in the market because of social housing sell off by the government.
If the government still provided social housing, there wouldn;t have been the same gap for BTL to move into.
It has been shown before and can be again if need be, that the percentage of BTL increase is less than the social housing decrease.
There are less rental housing now in total than there was 20-30 years ago.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
jimibaboza wrote: »IveSeenTheLight's child: "dad, all my friends are bummed out because they can't afford to buy properties and the rents are really high"
IveSeenTheLight: "Well its tough world out there and they have to man up to live in it. By the way son here are the keys to your new flat. no rent just water the plants every once in a while"
More likely to be: -
IveSeenTheLight's child: "Dad, my friend (jimibaboza's child) is bummed out because they can't afford to buy properties and the rents are really high. I really appreciate your wisdom and future planning to safeguard that I'm not burdoned with the same financial impact"
IveSeenTheLight: "No problem son / daughter. It's a valuable lesson to consider for when you are supporting your family in the future.":wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
You have received unprecedented government intervention (which flys in the face of a free market) to prop up the housing market, which is causing rents to rise. This is completely wrong. The banks should of been left unsupported. The people who cant paY their mortgages shouldnt receive government help. Housing benefit should be capped at about half what it is currently.
You are the one who is expecting and getting everything on a silver platter. I just want things to be fair and right.
Please show how I am geetting everything handed to me on a silver platter.
In reality, I'm providing the government tax from my profits.
My tenants are not on HB, so no impact there and my moretgages have been paid each month:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Losing_the_way wrote: »So of the posters on this thread how many of you are/have expanded your portfolio since 2008?
That's the bottom line, be interesting to see how many if any.
Bought a couple in early 2009, best timing ever!
And bought one in May of this year, that needed to be completely refurbed. Hope to flip that shortly though. Should clear a good £30k
Problem is that the rental yield on the latest property is running at 7.5%, so its tempting to hold it0 -
nollag2006 wrote: »Bought a couple in early 2009, best timing ever!
Can't argue with that. Better to buy after a crash than near peak.0 -
Can't argue with that. Better to buy after a crash than near peak.
You missed the critical bitnollag2006 wrote: »Problem is that the rental yield on the latest property is running at 7.5%, so its tempting to hold it:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Well they get one if it passes. Technicalities schmecnicalities.heathcote123 wrote: »But hey, they get a free gas safety certificate, and with this new green law coming in, they get to buy double glazing for us as well. :T
Tenants don't know they're born nowadays. I fill out my own tax returns too.
I think I'm undercharging.0
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