Prime London rents in negative territory

brit1234

chucknorris wrote: »

It is actually you who is being greedy by expecting some of the gain without taking on some of the financial risk, now that is greed!

Really?

So interest rates are slashed to stimulate the economy by putting money in peoples pockets. Instead Landlords like yourself hike rents taking that money and it doesn't stimulate the economy. The savers like me have our interest stolen away and get little for funding your buy to let mortgages and greedy rents.

Ask yourself who is actually greedy?

chucknorris

brit1234 wrote: »

Really?

So interest rates are slashed to stimulate the economy by putting money in peoples pockets. Instead Landlords like yourself hike rents taking that money and it doesn't stimulate the economy. The savers like me have our interest stolen away and get little for funding your buy to let mortgages and greedy rents.

Ask yourself who is actually greedy?

You are greedy because you want something for nothing, I am gaining additional profit as the reward for taking on an earlier risk. What about that evening in the early 90's when we were going to pull out of the ERM and interest rates looked like going up to about 15%, would you have paid more rent if that had happened? No? then why should you get a rent reduction when rates go down?

By the way rents haven't increased by as much as inflation since rates were reduced! So where are you getting the 'hiking of rents' from (to emphasise the point this thread entitled 'Prime London rents in negative territory' was started by YOU!). Do you suffer from short term memory loss?

My rents certainly haven't incraesed as much as inflation (since 2009) anyway and I don't think the market rents have either. We actually rent our properties under the market rent, so we get a good choice of tenant and avoid people like you.

brit1234

chucknorris wrote: »

You are greedy because you want something for nothing, I am gaining additional profit as the reward for taking on an earlier risk. What about that evening in the early 90's when we were going to pull out of the ERM and interest rates looked like going up to about 15%, would you have paid more rent if that had happened? No? then why should you get a rent reduction when rates go down?

I call someone wanting a 100% mortgage wanting something for nothing, not someone priced out saving a deposit year after year.

You are gaining additional profit not as a reward but as being bailed out for speculating. Where is the risk when we just bail out the reckless at the expense of the prudent. In a true free market people would be allowed to fail and market would be able to correct.

chucknorris wrote: »

By the way rents haven't increased by as much as inflation since rates were reduced! So where are you getting the 'hiking of rents' from? Mine certainly haven't anyway and I don't think the market rents have either. We actually rent our properties under the market rent, so we get a good choice of tenant and avoid people like you.

The day the Bank of England choose to ignore inflation any argument you had about rents not keeping up with inflation was lost. Rates are at a record low, your mortgage costs aren't going up with inflation.

chucknorris

brit1234 wrote: »

I call someone wanting a 100% mortgage wanting something for nothing, not someone priced out saving a deposit year after year.

You are gaining additional profit not as a reward but as being bailed out for speculating. Where is the risk when we just bail out the reckless at the expense of the prudent. In a true free market people would be allowed to fail and market would be able to correct.




The day the Bank of England choose to ignore inflation any argument you had about rents not keeping up with inflation was lost. Rates are at a record low, your mortgage costs aren't going up with inflation.

Who is speculating I have been in the market since 1991 and will be in the market for at least another 9 years, that's a total of at least 30 years!

100% mortgage? my average gearing is 30% but I also have substantial savings and if I partly paid my mortgages off with the savings, that would fall to only 10% LTV, in 2 years it will be 0% LTV.

ess0two

brit1234 wrote: »

Really?

So interest rates are slashed to stimulate the economy by putting money in peoples pockets. Instead Landlords like yourself hike rents taking that money and it doesn't stimulate the economy. The savers like me have our interest stolen away and get little for funding your buy to let mortgages and greedy rents.

Ask yourself who is actually greedy?

Same can be said for the banks,how many of them have passed on 0.5 BOE rates

purch

wotsthat wrote: »

Really? From the same article.

Please stop reading the whole article.

The OP only wants you to read the bits he's interested in :eek:

mystic_trev

nollag2006 wrote: »

Again another post showing twit1234's complete lack of understanding of economics.

Then again this is from someone who gambled their house deposit on a gold bubble last August

Silly girl: Reckless gambling like that really stinks of greed.

A fool and their money are easily parted.

Mate, you really should get over your obsession with this Guy. Either that or ask him out for a date, you never know he might be interested?;) Mind you with your behaviour he'll probably report you to the Police for stalking. :rotfl: