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

HAMISH_MCTAVISH

JonnyBravo wrote: »

I think I'm undercharging.

With voids hitting record lows despite rents being at record highs, it seems obvious that almost everyone is undercharging.

heathcote123

HAMISH_MCTAVISH wrote: »

With voids hitting record lows despite rents being at record highs, it seems obvious that almost everyone is undercharging.

I'm not. I still can't believe the dss pay 475 a month for a 40k studio. No wonder the countries in such a state.

I almost feel guilty - I may have to beat myself with a stick or something.

geneer

IveSeenTheLight wrote: »

You missed the critical bit

Did I?
Yield couldn't be anything to do with him buying after the crash then?

geneer

heathcote123 wrote: »

I'm not. I still can't believe the dss pay 475 a month for a 40k studio. No wonder the countries in such a state.

I almost feel guilty - I may have to beat myself with a stick or something.

:rotfl::rotfl::rotfl:Thanks for sharing.
BTLer seeking affirmation on a house price forum.
Could you be a more stereotypical HPC rigsby?

JonnyBravo

geneer wrote: »

BTLer seeking affirmation on a house price forum.

A less generous person than myself might point out the frenzy of posting by yourself about how rents haven't risen at all.
Tenant seeking affirmation on decision not to buy?

Jimmy_31

HAMISH_MCTAVISH wrote: »

Some fascinating figures from the CML, with thanks to ISTL for posting in another thread.

2011- There are 1.34 million buy-to-let mortgages outstanding

2010- There were 1.26 million buy-to-let mortgages outstanding

2008 - There were 1.1 million buy-to-let mortgages outstanding

2007- There were 938,500 buy-to-let mortgages outstanding

But to let has continued to grow all the way through the recession, and yet rents have also now risen to new highs.

Not the outcome some of our crashaholic posters had in mind.....;)

Good luck evicting your tenants once the country has completely gone to 5hit and nobody is bothering going to work anymore so cant pay the rent, its already happening:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:cant evict everybody:p:p:p:p:p

Jimmy_31

HAMISH_MCTAVISH wrote: »

With voids hitting record lows despite rents being at record highs, it seems obvious that almost everyone is undercharging.

Thats great news hamish, we are getting to the stage were we need to be, all the rentals are almost gone, cant afford a rental anyway, cant buy a house so what are we supposed to do now.

Once my work totally drys up i think ill get myself the best rental i can find from the landlord with the most BTLs and pay him the deposit to get the keys and then pay nothing else after that, get evicted months down the line and then just do it again. I think it will only take 12 to 18 months of doing that and then house prices will be back to levels that the working man can afford and i can buy one outright with my house deposit.

Im glad i havent got any money tied up in BTLs in my area because thats not even my idea above, but i do admit id rather do that than freeze to death on the streets. wont be long now:)

JonnyBravo

Jimmy_31 wrote: »

Once my work totally drys up i think ill get myself the best rental i can find from the landlord with the most BTLs and pay him the deposit to get the keys and then pay nothing else after that, get evicted months down the line and then just do it again. I think it will only take 12 to 18 months of doing that and then house prices will be back to levels that the working man can afford and i can buy one outright with my house deposit.

And how are you proposing to hide your lack of reference and CCJ's from the next landlord?

geneer

JonnyBravo wrote: »

A less generous person than myself might point out the frenzy of posting by yourself about how rents haven't risen at all.
Tenant seeking affirmation on decision not to buy?

A less honest person might.

Its a strange thing JB, but the general rule of thumb on most HPC forums is that its the so called bulls who find themselves prone to self aggrandisement, boasting, etc.
Common or garden short man syndrome in other words.

Gosh, its almost as if they're compelled to try and make up for previous mistakes.

As for myself, well its clear that the Bullish have a strange gloating fascination with rents. And its clear why.
So to most objective posters its likely clear why an appropriate response is justified and apposite.

Jimmy_31

JonnyBravo wrote: »

And how are you proposing to hide your lack of reference and CCJ's from the next landlord?

By using a mate to get the rental and then hand me the keys. saying that i may as well just squat when the time comes because it costs nothing.:)