New Buy to Let Boom Fuelled By Higher Rents

Old_Git

geneer wrote: »

How can you say this Chuck.

I believe its previously acknowledged that all bulls who bought within the bubble did so with a life time base rate +0.25% tracker.

I mean they all keep saying it so it must be true. :rotfl:

I got base rate +0.16% ,very nice ,ok for the moment

Percy1983

In short the incentives should be removed form BTL, if you ant th asset a the end you should pay for at least some of it, capped rents would go a long way to sorting this.

IveSeenTheLight

Percy1983 wrote: »

In short the incentives should be removed form BTL, if you ant th asset a the end you should pay for at least some of it, capped rents would go a long way to sorting this.

I think if the government hinder private rental too much then there would be a huge risk that there simply wouldn't be the option for those that choose to rent.

It was the governments choice to sell off social housing and it's been policy since to utilise private rental to fill the void.

chucknorris

geneer wrote: »

Who says I have a problem with it.

I mean you're constantly hounded about the finer details of your financial arrangements, its no surpise that eventually, under much duress your forced to pass this information on.

At every avaliable opportunity.

The reason I mentioned it was that it showed why you were incorrect, (which seems to have gone over your head). However I must admit I really do enjoy annoying you (who wouldn't?) and its plain to see that people on low margin trackers really annoys you.

chucknorris

Old_Git wrote: »

I got base rate +0.16% ,very nice ,ok for the moment

Oh dear! That's even lower than the rate geneer suggested as typical! More bad news for him then.

julieq

Removing incentives for private BTL landlords would be utterly counterproductive. It's actually good for renters that there are lots of landlords with small numbers of properties competing for their business and scared of void periods. If you get to a situation where it's not attractive for smaller investors to rent houses out you're going to see the big corporates steaming in and setting rents on a hard nosed business basis. Beware of what you wish for.

And if you think that rent caps are going to come in at a level that will force landlords out of the market, you're in cloud cuckoo land. The BEST you'd get is current market rates plus inflation. Squeeze landlords on rent and you get cost cutting in other directions anyway. Costs do get passed on one way or another.

Honestly, you can fiddle around all you like at the margins and try to invent ways of penalising people you don't like, but the only way you solve this problem is to build more houses. Until then the cost of decent quality accomodation is going to go up.

geneer

chucknorris wrote: »

The reason I mentioned it was that it showed why you were incorrect, (which seems to have gone over your head).

Of course, of course.
Otherwise you would never have brought it up.
Yet Again.

chucknorris wrote: »

However I must admit I really do enjoy annoying you (who wouldn't?) and its plain to see that people on low margin trackers really annoys you.

Hmmmmm. I'm annoyed? Yet you're the one compelled to dish out your private financial details. Allegedly.
Ok then.

chucknorris

geneer wrote: »

Of course, of course.
Otherwise you would never have brought it up.
Yet Again.

Oh dear! you are still yet again swerving the point that you were wrong. Are you just going to concede that point to me then?

geneer

chucknorris wrote: »

Oh dear! you are still yet again swerving the point that you were wrong. Are you just going to concede that point to me then?

Wrong about what Chuck?
Incorrect about what?
Do please be specific.

chucknorris

geneer wrote: »

Wrong about what Chuck?
Incorrect about what?
Do please be specific.

I was very specific in post 3 (which you answered but ignored my point, so don't pretend you haven't read it).

EDIT: It just ocurred to me that you may be that financially unaware that you can't see that buying in 2007 on a low margin tracker is better than buying at todays prices with today's mortgages, please tell you that you are not that daft. I thought you were not commenting because you knew that you were incorrect and I was only joking about it going over your head. This is priceless!