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Debate House Prices
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Starter homes being bought by BTL LLs
Comments
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Nope, I think lending should be inline with available stock, as it currently is, I just believe that landlords shouldn't be allowed to exploit thsi problem in the meantime while the building gets going.
How are they exploiting the situation if the FTB had a deposit he is just as able to buy as BTL. I realy don't understand your hatred of BTL lanlords. I am not one have no desire to be one but don't see that they are evil.0 -
How are they exploiting the situation if the FTB had a deposit he is just as able to buy as BTL. I realy don't understand your hatred of BTL lanlords. I am not one have no desire to be one but don't see that they are evil.
Perhaps it is just the ones that play at it, trying to make a fast buck? The ones that the London councils are trying to control maybe?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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grizzly1911 wrote: »Perhaps it is just the ones that play at it trying to make a fast buck?
People are always trying to make a fast buck but there is a risk in BTL and if it is such a bad investment as some on here will have you believe they aren't making that fast buck.0 -
If I was looking for a fast buck I don't think I'd buy something that takes weeks to buy and sell.0
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Thrugelmir wrote: »I assume that you are referring to investment bankers. Not the vast majority of hardworking individuals.
I'm referring to the minority of non-hardworking individuals. For some reason the average hand-wringer seems to spend a disproportionate amount of time worrying about them. They generally wish for recessions to clear the 'dead wood' not realising that the first victims of recessions tend to be the very people they pretend to be bothered about.
The vast majority will simply adjust and react to conditions as they find them and do the best they can.0 -
Thrugelmir wrote: »I assume that you are referring to investment bankers. Not the vast majority of hardworking individuals.
Do estate agents come under this bracket as well?0 -
People are always trying to make a fast buck but there is a risk in BTL and if it is such a bad investment as some on here will have you believe they aren't making that fast buck.
The vast majority of recent BTLers aren't making as "fast a buck" as they thought they would because they have seen no capital appreciation.
They can barely afford an IO mortgage which is the only way the "yield" stacks up and effectively are just sub-letting a property while speculating on house price increases.
Their only competetive advantage over FTBs is the fact that they can they borrow their deposit from another property and they can claim the future rent as income.
That's it.
It's not because they have more money.
In fact most BTLers haven't got a pot to p155 in and rely on the above to "expand their portfolio".0 -
The vast majority of recent BTLers aren't making as "fast a buck" as they thought they would because they have seen no capital appreciation.
They can barely afford an IO mortgage which is the only way the "yield" stacks up and effectively are just sub-letting a property while speculating on house price increases.
Their only competative advantage over FTBs is the fact that they can they borrow their deposit from another property and they can claim the future rent as income.
That's it.
It's not because they have more money.
In fact most BTLers haven't got a pot to p155 in and rely on the above to "expand their portfolio".
Have you any evidence to back up your claims I only know two people who are landlords and they don't fit your description.0
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