10,000 tenants behind with their rents

FTBFun

The-Joker wrote: »

Housing benefit will certainly be cut back from now on. It's started with under 25s losing benefit and having to move back in with parents. Next it is looking like anyone with more than 2 kids will have to live in small place and only get the same rent paid as families with. 2 kids.

Surely they'll just live in those millions of homes that were apparently going to be deserted as soon as the Olympics finished?

chucknorris

The worst excuse I that I ever received from a tenant not paying their rent was that my tenant had to pay her solicitor an advance fee (she was buying her own place). The best excuse (reason) was that her mother's dog took ill and she paid the vet fees, not sure if it was true because she knew that I did voluntary work for a dog shelter, but obviously I supported her. Tenants not paying their rent (to me) doesn't happen very often though.

homelessskilledworker

chucknorris wrote: »

The worst excuse I that I ever received from a tenant not paying their rent was that my tenant had to pay her solicitor an advance fee (she was buying her own place). The best excuse (reason) was that her mother's dog took ill and she paid the vet fees, not sure if it was true because she knew that I did voluntary work for a dog shelter, but obviously I supported her. Tenants not paying their rent (to me) doesn't happen very often though.

What a Great story!!

JonnyBravo

homelessskilledworker wrote: »

As a kid I was raised in our own home from birth to leaving home, but my Mum Dad would of gone ballistic had we ever stuck our noses(brother and sisters) up at council house families.

Your attitude along with many others stinks.

It's good to hear your parents are of a strong moral background.
Would they be equally horrified to learn their son has been guilty of the serial abuse of at least one banking institution, a politician and a minor celebrity via the internet?
Might they restrict your internet access?

Can but hope eh?

homelessskilledworker

JonnyBravo wrote: »

It's good to hear your parents are of a strong moral background.
Would they be equally horrified to learn their son has been guilty of the serial abuse of at least one banking institution, a politician and a minor celebrity via the internet?
Might they restrict your internet access?

Can but hope eh?

Change the the record, you must have mentioned that boring tale about 100 times now, at least come up with something original.

How about expanding your fairytale portfolio:D

The-Joker

I think you will find some of the smartest minds who predicted the property crash sold to rent before property started falling so much.

All the sell to renters are waiting for the bottom of the crash before they buy again.

We are around half way through the crash in the UK, about 30% down in real terms, maybe around 50%+ fall in real terms you will see the smart sell to renters looking to buy again.

In the USA smart STRers like Pter Shieff are now slowly buying property again they are nearer the bottom than we are, but we will get to the bottom of this crash it just may be years away yet.

Conrad

The-Joker wrote: »

I think you will find some of the smartest minds who predicted the property crash sold to rent before property started falling so much.

The smartest were the landlords now paying 1% rates and making massive profits.

Also a smart mind doesn't value money over all else. For example I value a place of my own and stability very highly.

I'd hate money to be my God, what a bleak and cold hearted existence that would be.

ukcarper

The-Joker wrote: »

I think you will find some of the smartest minds who predicted the property crash sold to rent before property started falling so much.

All the sell to renters are waiting for the bottom of the crash before they buy again.

We are around half way through the crash in the UK, about 30% down in real terms, maybe around 50%+ fall in real terms you will see the smart sell to renters looking to buy again.

In the USA smart STRers like Pter Shieff are now slowly buying property again they are nearer the bottom than we are, but we will get to the bottom of this crash it just may be years away yet.

Lets say they got it right and sold in 2007 that’s 5 years of rent average rent £700 a month £42k in rent average house price is now about £20k below peak (Land Reg)

IveSeenTheLight

The-Joker wrote: »

I think you will find some of the smartest minds who predicted the property crash sold to rent before property started falling so much.

Like Merryn Sommerset-Webb?

The-Joker wrote: »

All the sell to renters are waiting for the bottom of the crash before they buy again.

I understand MSM bought again.
Pretty much a fool to keep waiting.
We can see relative nominal stagnation (fluctuation of 2.34%) over the last couple of years

The-Joker wrote: »

We are around half way through the crash in the UK, about 30% down in real terms, maybe around 50%+ fall in real terms you will see the smart sell to renters looking to buy again.

IN YOUR OPINION

In the current scenario, to get to 50% REAL term valuation falls, you'll need another 8-9 years with inflation currently running at approx 3% with nominal stagnation

I can't see it being smart to wait that time whilst you can capitalise on buying now.

If people are still sell to rent, then in order for them to be smart, they NEED nominal falls.

The-Joker wrote: »

In the USA smart STRers like Pter Shieff are now slowly buying property again they are nearer the bottom than we are, but we will get to the bottom of this crash it just may be years away yet.

I must confess, I am a STR, only because I am building at the moment and didn't want to get rid of my BTL portfolio which is returning very nicely

IveSeenTheLight

ukcarper wrote: »

Lets say they got it right and sold in 2007 that’s 5 years of rent average rent £700 a month £42k in rent average house price is now about £20k below peak (Land Reg)

Be careful when you compare the cost of rent as you need to consider the cost of mortgage interest.

That said, there are some areas that are higher than their 2007 peak as I understand.