Halifax... Down -2.4% for April

homelessskilledworker

wotsthat wrote: »

I'm a little embarrassed by just how great the recession's been for my family and I.

I would never have been able to afford a holiday place if the housing market had kept rising. I was able to knock the seller down and sensible money management prior to 2007 and since meant I found getting a decent mortgage a breeze. Bargains to be had on furnishings and the like. When I sit on the balcony looking at the sea with a glass of Rioja I must admit that the status of the UK's AAA rating simply doesn't enter my head.

The major change to my behaviour is that whereas I was mad keen to make mortgage overpayments I'm now actively avoiding capital repayments like the plague.

If the scaremongers can keep talking down the economy it suits me just fine.

Is the part where I should say it's children, old people and animals I'm most worried about? (and world peace).

I vote this the most made up drivel I have read on this site to date.
WHY would anyone spend the bulk of his life on MSE trying to convince strangers how happy and financially minted he is.
Yet another over indebted frightened little man worried that a crash would ruin him, just like another sizable minority of a few million in the UK.

And I am not taking the p**s out of you, just saying it how it is.

chucky

homelessskilledworker wrote: »

WHY would anyone spend the bulk of his life on MSE trying to convince strangers how happy and financially minted he is.

So why do you it then Mrs Foxy?

RenovationMan

shortchanged wrote: »

No, it's just common sense again.

And for someone who likes to accuse people of stalking renoman, you're on a bit of a mission at the moment.

Oh dear, you seem to be a little rattled that I'm picking you up on your mistakes and falsehoods.

If you would rather that I ignore your posts then let me know, but I'd obviously expect the same courtesy in return. Or is that you only want the 'stalking' to go one way?

IveSeenTheLight

shortchanged wrote: »

But lets face it ISTL you are in the Scottish market equivalent of London.

Location does play a factor.
In an investment choice, you want to chose a location that provides a good strong foundation for success.
You wouldn't start an investment / business in a weak location.

That said, with BTL, there will be demand throughout the country. The important part is to understand how much demand there is, how much demand there is likely to be in the future and what the current supply is.
From then on, it's monitoring the demand v's supply which affects the achievable rent and likelyhood of voids.

In my VI area, you have a strong professional requirement, 50,000 students who come to the city each year and a wide area that stretches from the outer berides and the western isle as a magnet for young people in search of job.
The market has a 1% unemployment rate (I'd guess more so through choice than available jobs)

Location can be extremely important and I'll not apologise for investing in a strong location

shortchanged_2

RenovationMan wrote: »

Oh dear, you seem to be a little rattled that I'm picking you up on your mistakes and falsehoods.

If you would rather that I ignore your posts then let me know, but I'd obviously expect the same courtesy in return. Or is that you only want the 'stalking' to go one way?

No it's fine. It's quite amusing really.

I see you still haven't said where I have lied though.

shortchanged_2

IveSeenTheLight wrote: »

Location does play a factor.
In an investment choice, you want to chose a location that provides a good strong foundation for success.
You wouldn't start an investment / business in a weak location.

That said, with BTL, there will be demand throughout the country. The important part is to understand how much demand there is, how much demand there is likely to be in the future and what the current supply is.
From then on, it's monitoring the demand v's supply which affects the achievable rent and likelyhood of voids.

In my VI area, you have a strong professional requirement, 50,000 students who come to the city each year and a wide area that stretches from the outer berides and the western isle as a magnet for young people in search of job.
The market has a 1% unemployment rate (I'd guess more so through choice than available jobs)

Location can be extremely important and I'll not apologise for investing in a strong location

I don't think you should apologise and it shows shrewd business sense.

The point I am trying to make though is that I don't think BTL is currently a good investment everywhere even if that is the image some people would like to portray.

bluedrop

All this discussion is irrelevant to me I am just so frustrated about not being able to buy my own place....

Prices are atleast 25% up from 2006 prices....outer London

See ths property, they want over 30% more than what they paid in late 2006....

https://www.rightmove.co.uk/property-for-sale/property-22842708.html

IveSeenTheLight

shortchanged wrote: »

I don't think you should apologise and it shows shrewd business sense.

The point I am trying to make though is that I don't think BTL is currently a good investment everywhere even if that is the image some people would like to portray.

I'll never portray that BTL is good investment everywhere.
Of course you need to factor in the local markets.
That said, I would also not dismiss all property in a poorer rental market.
If you can get for the right price to make the rents received worthwhile, then it should be considered.

It's important that all calcluations exclude any capital gains, however I would envisage receiving capital appreciation by the time I start thinking about selling up (in about 25 years)

RenovationMan

shortchanged wrote: »

No it's fine. It's quite amusing really.

I see you still haven't said where I have lied though.

I didn't need to, chucky answered for me. I even posted "says it all really". You must have missed it while trying to drag arguments across threads?

shortchanged_2

RenovationMan wrote: »

I didn't need to, chucky answered for me. I even posted "says it all really". You must have missed it while trying to drag arguments across threads?

As I said on the other thread I have chucky on ignore so can't see his comments. So perhaps you can tell me what he said and we can go from there.