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Debate House Prices


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You lot are slow today - Halifax +2.2%

1235

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    the_flying_pig wrote: »
    H

    you're obsessed with BTL, literally obsessed. you seem to love it, to be one of its biggest advocates on the planet. yet in middle age you've never [AFAIK] owned one. i'm struggling to square this circle, any insights?

    He did pull the cash from other (unknown) investments to buy one some several months back however. Just not bought in yet. For some reason. Wonder what that reason could be?! ;)
  • mcc100
    mcc100 Posts: 624 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 5 April 2012 at 11:45PM
    the_flying_pig wrote: »
    H

    you're obsessed with BTL, literally obsessed. you seem to love it, to be one of its biggest advocates on the planet. yet in middle age you've never [AFAIK] owned one. i'm struggling to square this circle, any insights?



    For all you know Hamish could have bought numerous BTL properties in 2007 at peak price.
  • Carl31
    Carl31 Posts: 2,616 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    HAMISH_MCTAVISH wrote: »
    PLUS equity built.;)

    After 25 years, someone else bought you a house.

    And paid you a bit on top for the privilege of doing so.

    Very nice of them too, I may add. :D

    They have also paid for somewhere to live for themselves, which, after all, is what houses are for, without any cost of maintaining it
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Carl31 wrote: »
    They have also paid for somewhere to live for themselves, which, after all, is what houses are for, without any cost of maintaining it

    It's naive to think the cost of maintenance is not factored into the rent.

    Generaly the tenants are covering maintenance which may not be required during their tenancy
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    IveSeenTheLight wrote: »
    It's naive to think the cost of maintenance is not factored into the rent..

    Nah - rents are purely demand driven. If the most a punter will pay is half the interest costs alone then that's what the LL charges. Same applies if the most a punter will pay is a zillion pounds a month.
    FACT.
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    brit1234 wrote: »
    May will be the start of the big falls once the stamp duty and the higher mortgage rates filter through.

    I must have missed the big falls....

    ....and the higher mortgages rates.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mr._Pricklepants wrote: »
    I must have missed the big falls....

    ....and the higher mortgages rates.

    I think the falls happened a few years ago around 2008 ish. Not sure about the higher mortgage rates I must have missed those too.
    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 stop
  • Harry_Boyle
    Harry_Boyle Posts: 265 Forumite
    How come HSW got PPR'd?

    Did s/he fall out with Devon's gang?
  • Roundabouts
    Roundabouts Posts: 115 Forumite
    Harry_Boyle wrote: »
    How come HSW got PPR'd?
    I think he and Nollag were arguing over who had the most buy-to-lets and things got a bit out of hand.

    I really miss Nollag. I had wanted to start my very own BTL empire and was hoping for a few tips from the master.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Roundabouts wrote: »

    I really miss Nollag. I had wanted to start my very own BTL empire and was hoping for a few tips from the master.

    That would have been ill advised. He had problems remembering where his BTL's were. One day they were in Hounslow then Ealing, Fulham or Clapham.:rotfl:
This discussion has been closed.
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