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Debate House Prices
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Do BTL investors trade-up? If not, will the pain flow up the ladder?
Comments
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nollag2006 wrote: »Nope - not mortgage free at all. Why would I be? It makes no sense to keep BTLs without having any leverage behind them.
hmmm. it's almost like you have no clue about BTLs
ah well, you should have done some maths before posting in order to keep up the facade. better luck next time!0 -
If there are fewer FTBs, there will be more families renting for longer, and wanting larger properties. This increase in demand will attract more BTL LLs to the 3/4 bed part of the market, although as others have said, probably as additional properties rather than by trading up from smaller properties.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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The housing market isn't a one way street though. Once the people in the larger family homes get rid of their kids, many will be looking to downsize which results in a circular market. We'll be looking to downsize to a 2 or 3 bed stone cottage when we retire, other people look at 1 or bed houses or apartments.0
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nollag2006 wrote: »I wouldnt really try bothering to argue with Jimbo. Any man in his thirties who lives with his mother and sometimes in a caravan is hardly a serious commentator on the property market.
Snow here in London tonight, Jimmy. I do hope mum has tucked you in well with a nice mug of cocoa.
I admit i am not a serious commentator on the property market, im just a fella who is going to buy a house.
It seems to me your whole life revolves around BTL.
Throughout my life i have come across people who are absolutely useless at taking the pi55, these people ALWAYS have to rely on jokes about somebodys mam.
Please up your game because its like being back at school talking to you.0 -
mr_fishbulb wrote: »BTL landlords, by their very nature are "investors" and as such would seek to spread their portfolio across more properties rather than buying one larger one.
Can't see the logic in this.
I would have thought that one large property, utilised as an HMO would give a better return on investment than buying several properties and letting them to individuals.Nothing is foolproof, as fools are so ingenious!
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chucknorris wrote: »Why trade up? It would incur more expenses (solicitors x2, stamp duty, estate agents fees, etc.) it would be better to just simply buy another investment property without selling one.
That's fine if you are able to finance it.0 -
That's fine if you are able to finance it.
It would hardly make sense to buy something you couldn't afford to finance would it? Didn't you think that was just a tad obvious? My point wasn't merely to buy another, it was that buying another cheaper one is (in most circumstances) more profitable to selling and trading up.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 -
chucknorris wrote: »It would hardly make sense to buy something you couldn't afford to finance would it? Didn't you think that was just a tad obvious? My point wasn't merely to buy another, it was that buying another cheaper one is (in most circumstances) more profitable to selling and trading up.
Thank you for explaining it as it was'nt that obvious, I understand now.0
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