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Mail - Buy-to-let is now a safer home for savings
Comments
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ruggedtoast wrote: »Again the boomers plunder the fruits of the labour of the young. They are like a pack of locusts bleeding the poor cow dry. But there is no more milk.
Soon they will buy, but they will not let.
He only looks like a boomer, he is actually one of your lot
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
if there's low numbers of sales at lower levels, and all the activity is at mid and high levels, the averages go up, and prices seem to rise.
Major indices such as Nationwide mix-adjust specifically to eliminate skew from changes to the sales mix.“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 -
Now which MSE resident property ramper is Mr Michael Howard in the picture?
Is it Hamish, Rinoa, ISTL, Turnbull, Sibley (no can't be sibbers, he has a Thai bride)?
Anyone going to own up?
Also the little baby already looks like he has the face for hard nosed business.0 -
You can understand why people opt for B2L though. People with regular savings and private pensions are being shafted.
I know of 3 people who cashed in pension pots to buy property, and at least 2 of those make very reluctant landlords. They don't enjoy the hassle.
BTL seems to be as common as muck these days. I know quite a few people who keep their first property as a pension investment when they meet a long-term partner. There's an ex colleague who had a six figure sum gaining paltry interest who took on a couple BTLs. I've also started training with an ex-marine who is moving into maritime security i.e. anti piracy, the pay of which is extremely good. The lads he's joining up with have all piled their substantial earnings into BTL portfolios, snapping up 1 or 2 bedroom properties at the rate of about two per year.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »BTL seems to be as common as muck these days. I know quite a few people who keep their first property as a pension investment when they meet a long-term partner. There's an ex colleague who had a six figure sum gaining paltry interest who took on a couple BTLs. I've also started training with an ex-marine who is moving into maritime security i.e. anti piracy, the pay of which is extremely good. The lads he's joining up with have all piled their substantial earnings into BTL portfolios, snapping up 1 or 2 bedroom properties at the rate of about two per year.
And the advantage of all this to the UK economy is?0 -
chucknorris wrote: »The problem is that it's not just investing rather than 'saving' it's actually running a business. I'm not sure if you mean they have recently done this, I've been a landlord for over 20 years (with a few properties) when starting out enthuisiasm should carry you through the early years. If they are reluctant now in the early years as time passes and they encounter bad tenants this reluctance will become much stronger. There's no way I would want to be doing this in my late 60's and beyond so it's something I want to get out of at or around my retirement. I see commercial property as a much better prospect than residential in my later years.
Since 2005, then 2009 and 2010.
The person who bought a B2L in 2009 is definitely not cut out to be a landlord. The kitchen he installed is far too nice :rotfl:0 -
shortchanged wrote: »And the advantage of all this to the UK economy is?
Since when did that matter in respect of UK housing 'policy'?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
It does seem to be odd times we are living through.
Clearly, there are a lot more people than just me disappointed with the return on some of our savings.
And then there are people who could afford a property, FTBs, if only they could raise the deposit.
Yet, it seems too difficult to marry these positions up.0 -
Turnbull2000 wrote: »I've also started training with an ex-marine
Has he moved in with your sister as well?;)0 -
Since 2005, then 2009 and 2010.
The person who bought a B2L in 2009 is definitely not cut out to be a landlord. The kitchen he installed is far too nice :rotfl:
Are they going to keep their investment properties long term or are they looking to get out when they can?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
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