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How can a Fact also be an Opinion ? :eek:
Cats have 4 legs.
Tables have 4 legs.
All tables are cats. Fact.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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I had a cat with three legs.HAMISH_MCTAVISH wrote: »Cats have 4 legs.
Tables have 4 legs.
All tables are cats. Fact.0 -
Which in most cases comes from remortgaging an existing property.
In terms of overall equity in property, how does this weigh up?
I paid into a couple of mortgages for a few years and then later released the equity to expand the portfolio further.
the upshot is that I still maintained the same equity (actually I increased by adding further funds), this was just spread over to include the additional property.
I still had to maintain at least the minimum deposit requirementsWhich most people ignore when calculating costs.
Do you have the stats for this to proove your assumption?
I certainly calculated the Rental Yield accross all my properties.I am personally aqcuainted with many BTL investors and mortgage advisors and can tell you for a fact that without equity from HPI, most, if not all, are skint.
I guess by your presumptions that you too fall into the "average" stereotype you portray.100% guaranteed.
LOL, heard that before.
NearlyNew was it?Anyway, I am in the business of lending not borrowing.
Intereting, so your happy to lend to riskier borrowers?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
chucknorris wrote: »
I've been a landlord for almost 22 years and during that time I have held an average of about 4-5 properties and I have never experienced a rental void.
In that time frame another million landlords have joined the club. So the market has changed somewhat. Once the pressure picks up further a few few are going to find themselves in severe financial difficulty.0 -
Thrugelmir wrote: »In that time frame another million landlords have joined the club. So the market has changed somewhat. Once the pressure picks up further a few few are going to find themselves in severe financial difficulty.
Come on Thrugs, be sensible. You seem to understand a number of things but always portray it from one angle without considering the other factors.
Yes BTL has expanded in the last 22 years, however it has not filled the gap / void left by the social housing sell off under the RTB scheme.
I can't believe you have not read one of the many posts discussing this before.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »
LOL, heard that before.
NearlyNew was it?
You spend a lot of wasted typing arguing with sockies and people so ridiculed with wrongness they need an extra account.
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
These recent BTL people go on about yield being the driving force of BTL.
The reason they go on about yield is because of lack of HPI.
Yet when you point out something providing a better yield than BTL for less hassle they dismiss it.
The reason?
They do not have any money to participate.
Without borrowing, they have no money.0 -
Thrugelmir wrote: »In that time frame another million landlords have joined the club. So the market has changed somewhat. Once the pressure picks up further a few few are going to find themselves in severe financial difficulty.
Yes of course a few will, but what has that got to with my post which was picking up on you saying 'any landlord' (not just a few)?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 stop0 -
I have been a property investor for slightly longer than you then.
And I do feel qualified to express an opinion.
Which in this case is 100% fact.
You don't have to be qualified to expres an opinion, everyone is entitled to an opinion, but you were dressing it up as fact, which it isn't.
As Purch says above, opinions are not facts (something I wish some of my dissertation students could get their head around).
EDIT: What really surprises me is that if you have been involved in investment property for years you don't realize that on average over the years it easily beats a 7% return. I accept in the relatively short timeframe of a downturn it will not, but property is not a short term investment.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 stop0
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