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Rents Rising Again

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Comments

  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Once again, you're wrong.

    BTL mortgages have been tightened up to such an extent with high deposit and income requirements that they're now pretty much the safest form of lending there is.

    What is absolutely the case is that BTL is expanding from just starter flats into the whole market, and far fewer people will own houses in the future.

    Wealth is being consolidated in the hands of fewer people that are getting richer, and the owner occupation percentages are falling rapidly as a generation is forced to enrich their landlords instead of themselves.
    Consolidation of wealth is not something the government appreciates or takes kindly to and they will change the environment to remove that benefit, but that is an entirely new topic and very early to start it now but to consider that bubbles are unacceptable.

    The market is extremely vulnerable to the Eurozone issues and these external factors will cause great damage to rental and sales in the market.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    AndyGuil wrote: »
    The market is extremely vulnerable to the Eurozone issues and these external factors will cause great damage to rental and sales in the market.

    But there again, this time last year you offered Beowulf Mining as your 2011 share of the year. :)
    AndyGuil wrote: »
    Beowulf Mining (BEM) is my top share for 2011.

    miningef.jpg

    ;)
    If I don't reply to your post,
    you're probably on my ignore list.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 17 February 2012 at 1:35PM
    Rinoa wrote: »
    But there again, this time last year you offered Beowulf Mining as your 2011 share of the year. :)



    miningef.jpg

    ;)
    I did very well out of that one. Thanks for highlighting that, notice when I posted that? (I bought in 2010 BTW, i'm sure if you dig back further you will find that).

    Perhaps this will help. bemgraph.jpg

    I took the third peak as the end of the elliott wave and moved on. Just bought back in there again recently.
  • MrRee_2
    MrRee_2 Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    AndyGuil wrote: »
    Consolidation of wealth is not something the government appreciates or takes kindly to

    You ARE talking about the TORIES, aren't you??

    In which case you are so far off the truth it's rather embarrassing for you.

    The Tories are made up of millionaires and property owners ... mostly BTL Landlords are TORY!!

    There is NOTHING they will do about people investing in properties to rent out .... except give more tax breaks!

    This is really great news - the yield on my investments is astounding - carry on renting!!
    Bringing Happiness where there is Gloom!
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    AndyGuil wrote: »
    I did very well out of that one. Thanks for highlighting that, notice when I posted that?

    Yes, on 1st march 2011 when the share price was 70p you said:
    AndyGuil wrote: »
    Beowulf Mining (BEM) is my top share for 2011.

    By the year end it had fallen to around 17p.

    Let's hope nobody took you seriously. ;)
    If I don't reply to your post,
    you're probably on my ignore list.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 17 February 2012 at 1:57PM
    MrRee wrote: »
    You ARE talking about the TORIES, aren't you??

    In which case you are so far off the truth it's rather embarrassing for you.

    The Tories are made up of millionaires and property owners ... mostly BTL Landlords are TORY!!

    There is NOTHING they will do about people investing in properties to rent out .... except give more tax breaks!

    This is really great news - the yield on my investments is astounding - carry on renting!!
    At the moment it is not constrained, but caps on number of homes that can be owned is one direction they may move in. Even the strongly capitalist America limits this. Then there are foreign capital limits like they have in Switzerland. There is already interest in limiting P/E ratios. Etc....
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rinoa wrote: »
    Yes, on 1st march 2011 when the share price was 70p you said:



    By the year end it had fallen to around 17p.

    Let's hope nobody took you seriously. ;)
    It did incredibly well up to that point if you look at my graph, so yes it was my share of 2011.
  • AndyGuil wrote: »
    At the moment it is not constrained, but caps on number of homes that can be owned is one direction they may move in. Even the strongly capitalist America limits this. .

    Wow.

    Such delusion....

    There is precisely zero chance of the UK government capping the number of houses you are allowed to own. And there is no cap on the number of houses you can own in America either.
    “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”
  • brit1234
    brit1234 Posts: 5,385 Forumite
    I'm actually looking to sell my share portfolio. All this QE has artificially inflated my shares which I bought cheap. :)

    Oh are you sure it was a 0.1% rise and not a 0.06% rise rounded up Mr Ree?
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wow.

    Such delusion....

    There is precisely zero chance of the UK government capping the number of houses you are allowed to own. And there is no cap on the number of houses you can own in America either.
    Texas has a 5 property limit (perhaps I should have been more specific).

    Switzerland has 1 property limit for foreign investors.
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