Hate Buy 2 Let

borosteve_2

I bit the bullet and bought last year. If I'd bought 5 years before I could probably have got a similar house for half the price. I don't blame anyone else for me not buying earlier, it was my decision. If I work hard, save and pay back a good whack of my mortgage when my fixed term runs out in four years time as I plan, then market forces being equal I will buy to let at that point, its one of the only ways of guaranteeing myself an income for my partner and I when we get older.
I have recently been told by one of my school mates who still lives in my home town in a rented flat that I'm "lucky" to get on the property ladder. I don't know about lucky but not smoking 20-30 cigarettes a day or going out on the pop 2 or 3 nights a week at up to £80 a time as he does might have something to do with it????
I know not everyone is like this but sometimes it seems to depend on your priorities sometimes. Having a pop at buy-to-let seems pointless. I think most people are just trying to secure their futures.

Madjock

I see far more FTBs than BTLs coming through my workplace.
And I also agree with the sentiments of MortgageMamma about the obsession with buying property in the UK. It's snobbery gone mad. Renting isn't the dead money that people always say it is, in the same way that the pair of shoes you are walking about in isn't dead money, that's just a dead animal.
I bought my first house last year at the age of 38. I was extremely fortunate to be in the right place at the right time. The only moan I would have about rented property is the lack of care some landlords have about the condition of the properties they let and dragging their feet over repairs, etc. But that doesn't apply to all, I tend to think that's more management cos and landlords with large portfolios.

Mr_helpful

borosteve wrote: »

I have recently been told by one of my school mates who still lives in my home town in a rented flat that I'm "lucky" to get on the property ladder. I don't know about lucky but not smoking 20-30 cigarettes a day or going out on the pop 2 or 3 nights a week at up to £80 a time as he does might have something to do with it????
I know not everyone is like this but sometimes it seems to depend on your priorities sometimes. Having a pop at buy-to-let seems pointless. I think most people are just trying to secure their futures.

Spot on. With this sort of attitude you will succeed wher the others fail.

spurs_nut

Mr_helpful wrote: »

Spot on. With this sort of attitude you will succeed wher the others fail.

OR IF THEY'RE LIKE YOU,


THEY WILL PROBABLY SUCCEED BECAUSE THEY'VE HAD A GREAT BIG SILVER SPOON IN THEIR MOUTH SINCE DAY ONE,

BEEN PUT THROUGH UNI AND GIVEN EVERYTHING BY MUMMY AND DADDY (BLESS UM), INC THAT BMW

AND ON TOP PF THAT THEY THINK THERE SOOOOOO !!!!!!! SPECIAL, THEY LOOK DOWN ON EVERYONE ELSE LIKE A PIECE OF DOG %&%£ ON THEIR SHOE

:rotfl: :rotfl:


YOUR A "CLASS A" PRAT

NOW JOG ON, !!!!!!

Mr_helpful

Oh a real jealous one here. No. No uni, No BMW just common sense. What has uni or a bmw got to do with being a landlord. Some people succeed others fail some of each camp were born rich some were born poor. Its a case of having the right attitude which you dont seem to have bit like spurs really.
You can sit around wasting time watching you team lose, wasting money on fags and booze, while the other get on and leave you behind. Its your choice.

ajaxgeezer

It's a bit annoying, this. Sure there has been an increase in house prices, but it's also now easier to buy in some ways with high multiples, shared ownership, 0% deposits etc. When I wanted to first buy a house I couldn't afford a nice average three-bed semi in a decent area so I went to find a two-bed terrace in a dodgy area..... only to find that I couldn't afford that either.

At that point came two options - either get on a forum and moan about how easy everyone else has had it, or find a way to buy a house. I went through most of the 1990s working 70 hours a week in a low paid factory job, not having seen the coastline for 7 years and driving around in a 1982 Austin Metro. After 7 years of doing that, in 2001 I had saved £15k, added that to my 3.5. salary multiple and just scraped in to buy a house at £57k ... that same terrace in a dodgy area!!

Since then things have gone my way, and I sold that, put a deposit on my nice three bed semi, and have been lucky enough to make enough to provide a deposit for a BTL for my parents-in-law to give them a decent standard of housing rather than the hovel they had to live in before. But please don't ever insult
me by saying that everyone up to 2007 has had it easy. If you take advantages of the offers out there (0% deposit, shared ownership, high multiples) then there's a way for the majority to do it... but you have to DO it and make years of sacrifice before you have the right to moan.

Don't expect it to fall in your laps... life is not a box of chocolates.

Oh, and sorry for being so 'hated'.

spurs_nut

Mr_helpful wrote: »

Oh a real jealous one here. No. No uni, No BMW just common sense. What has uni or a bmw got to do with being a landlord. Some people succeed others fail some of each camp were born rich some were born poor. Its a case of having the right attitude which you dont seem to have bit like spurs really.
You can sit around wasting time watching you team lose, wasting money on fags and booze, while the other get on and leave you behind. Its your choice.

Nah, not jealous at all numb nuts.

I'm quite happy with my modest life thank you

I don't smoke.

I don't go out.

I work hard every week.

I'm stepping foot into my first house next month.

As for spurs losing? pffffff

Like to know what team you follow, although I can probably already guess from your narrow minded pig headed attitude chap

So the moral of the story is never judge a book by it's cover, unless of course they're as hollow and transparent as Mrs_helpimacock
Who likes to berate anyone who she happens to disagree with. But that's what happens when daddy spoils his little girl. Not to mention all the other things he must of done to make her so bitter and twisted. :rolleyes:

MortgageMamma

spurs_nut wrote: »

OR IF THEY'RE LIKE YOU,


THEY WILL PROBABLY SUCCEED BECAUSE THEY'VE HAD A GREAT BIG SILVER SPOON IN THEIR MOUTH SINCE DAY ONE,

BEEN PUT THROUGH UNI AND GIVEN EVERYTHING BY MUMMY AND DADDY (BLESS UM), INC THAT BMW

AND ON TOP PF THAT THEY THINK THERE SOOOOOO !!!!!!! SPECIAL, THEY LOOK DOWN ON EVERYONE ELSE LIKE A PIECE OF DOG %&%£ ON THEIR SHOE

:rotfl: :rotfl:

Thats just plain nasty, even if someone was born with a silver spoon in their mouth thats hardly their fault is it and if you had been born into money your attitude would be totally different.

You are obviously employed in the lower end of the market, with a crap car and frustrated with the life YOU have created for yourself, so, instead of taking responsibility and working hard to change it you have chosen to lash out at those who ARE successful.

I pity you, I really do, and with an attitude like that, there is no wonder you are being treated like something one would scrape off the bottom of their shoe.

plane_boy2000

mrstinchcombe wrote: »

Highlighting the ease of purchasing property when most of the "shrewd" buy to letters did and comparing this to the present day is not jealously... its just a discussion.

Im not jealous that I wasnt old enough to purchase many properties when it was affordable on 3 times a low wage... Im just highlighting how difficult it is now compared to yesteryear.

Its unfortunate... but Im not jealous beacause there are many in my postition

But I really dont believe that it is loads more difficult now than it was 5 years ago - lending terms are more generous, interest rates are stable and affordable. The reality is that my parents probably had the same issues when they bought their first house.

Life is not easy, things dont come to you on a plate. I get fed up with people moaning about how difficult life is when they just cant be arsed to get of their backside and do something. Unfortunatly this liberal left wing society we live in has created a generation of people who want everything to be easy, and dont want to have to try to hard.

toonfish

plane_boy2000 wrote: »

But I really dont believe that it is loads more difficult now than it was 5 years ago - lending terms are more generous, interest rates are stable and affordable. The reality is that my parents probably had the same issues when they bought their first house.

Life is not easy, things dont come to you on a plate. I get fed up with people moaning about how difficult life is when they just cant be arsed to get of their backside and do something. Unfortunatly this liberal left wing society we live in has created a generation of people who want everything to be easy, and dont want to have to try to hard.

spot on mate - if people devoted themselves to work and saving for a property as much as they do in claiming back £28 in "unfair bank charges" they'd be far happier and better off too.

too many people want everything for nothing without taking any responsibility. It's always somebody else's fault.