Merryn Somerset Webb and Kirstie Allsop on R4

wotsthat

nembot wrote: »

Well with 100,000 sales a month for a year, surely a proportion of those were STR's, unless you or ISTL have any evidence to the contrary?

Didn't thinkso, your opinion is moot...

I thought there was a consensus that only tiny numbers of people actually STR'ed. From another thread...

Graham_Devon wrote: »

The reality is, hardly anyone did sell to rent and hardly any would. The numbers who did are miniscule. Most buy houses to live in, rather than gamble on.

geneer wrote: »

I'm fairly certain theres quite a lot of people who didn't sell to rent in 2006. Not sure why the OP would choose to bang on about it.

I'm even more sure that those who did STR are an infinitesimal minority.

I'm not sure why the bulls are prone to obsessing about the same, but I suspect its based on a compulsion to invent arguments they might be able to win.

nollag2006

nembot wrote: »

What would be more interesting is the number of people who STR in 2007 and made !!!!!! loads of cash, but why do that, when you can point fingers at two people who fooked up.

Jesus wept...

Far more interesting to look at Jonathan Davis, uber bear, who STR'd in 2002

Did he make "!!!!!! loads" of cash?

And to think this guy holds himself out as an investment advisor?

http://jonathandaviswm.com/jonathan-davis-media/

Jesus wept....

:rotfl:

nembot

Well to you apparently its a big deal, most people wouldn't know who he is... Fact is prices are still dropping, how you dealing with that nollag?

The pain...

Conrad

nollag2006 wrote: »

Far more interesting to look at Jonathan Davis, uber bear, who STR'd in 2002

Did he make "!!!!!! loads" of cash?

And to think this guy holds himself out as an investment advisor?


:rotfl:

I used to debate with him on HPC, he's a total extremist. In recent radio interviews for example On Vanesa Feltz BBC Radio London, he kept repeating property is toxic without taking any account of the fsct;

1) Rent yields are comparatively decent
2) Money has never been cheaper - talk about a business case for property!

Extremists are usualy wrong.

nollag2006

Conrad wrote: »

1) Rent yields are comparatively decent
...

... and rising

I've managed to increase my rents by 10% during the course of 2011.

One of the tenants actually STR'd in 2009, so it makes it all the sweeter!!

:rotfl:

Road_Hog

ruggedtoast wrote: »

Honestly, it really doesn't matter what Kirstie Allsopp thinks about anything. The woman is a member of the privileged elite. She has never had to worry about money in her life, nor is she probably even on speaking terms with anyone who has. She has not even the vaguest clue what it might be like to worry about retirement or not be able to pay a bill, or what leveraged property ownership over 25 years might mean to a person who actually has to work for a living.

So, comrade. You sound like you work in the public sector. If so, do you mind handing back the 25% of my council tax that goes to pay your pension. Thanks.

angrypirate

nollag2006 wrote: »

Far more interesting to look at Jonathan Davis, uber bear, who STR'd in 2002

Did he make "!!!!!! loads" of cash?

And to think this guy holds himself out as an investment advisor?

http://jonathandaviswm.com/jonathan-davis-media/

Jesus wept....

:rotfl:

Didnt he put all of his cash into gold though?

ruggedtoast

Road_Hog wrote: »

So, comrade. You sound like you work in the public sector. If so, do you mind handing back the 25% of my council tax that goes to pay your pension. Thanks.

You do realise that not everyone who works in the public sector works for your council?

brit1234

angrypirate wrote: »

Didnt he put all of his cash into gold though?

I'm sure he cried himself asleep when gold over quadrupled. What was that £370-£1700 an ounce. Also if he bought it in gold Sovereigns or Britannias it would be capital gains tax free.

Oh isn't capital gains on buy to let going from 28-40% in April.:D

nollag2006

brit1234 wrote: »

I'm sure he cried himself asleep when gold over quadrupled. What was that £370-£1700 an ounce. Also if he bought it in gold Sovereigns or Britannias it would be capital gains tax free.

Oh isn't capital gains on buy to let going from 28-40% in April.:D

How wonderful that you've taken me off ignore brit.

I did miss your inarticulate ill-informed rants.

Did Jonny really put all his money into gold in 2002? I honestly doubt it.

I'm sure you have a link or an article from that time to back it up, or is it another of your fantasies?

As for predicting the bottom of the market, lets all reflect on your own prescient analysis in early 2009 that house prices would crash from peak to trough by 50% before Christmas 2009.

You and Jonny have a lot in common brit: both of you missed the bottom of the market and are now kicking yourselves for not having spine enough to have bought in early 2009 (as I did !!!)

:rotfl: