The sign of things to come? Amazing!

Jonbvn

Ad wrote: »

The truth is many of these holiday homes probably haven't been paid for with real earned money but money borrowed on dubious mortgage applications. :rolleyes:

Completely unsubstantiated BS!

Errata

Even more interestingly, the tenants will be paying so much in rent they'll have to go for well paid jobs - which won't be as home Careworkers for elderly people who've retired on fat pensions as a result of their BTL's.
Karma.

keeperbear

Ad wrote: »

Astonishing isn't it. Remove all of the empty holiday homes sitting idle and other horded speculative property and we are over supplied.

Is it now a crime to own two properties? What are you a communist? What next, someone can't own more than one book unless they are authored by Karl Marx? Why do you keep posting such utter tripe?

keeperbear

Ad wrote: »

Absolutely this government is party to the crimes committed against a generation. It seems certain newspapers and other media are finally waking up to the impending social disaster carefully constucted under NuLabour.

Blah, blah, blah. An impending social disaster that was started by the last Conservative government. Do you remember the right to buy and the destruction of our social housing stock? These policies were Tory ones.

Graham_Devon

Errata wrote: »

Even more interestingly, the tenants will be paying so much in rent they'll have to go for well paid jobs - which won't be as home Careworkers for elderly people who've retired on fat pensions as a result of their BTL's.
Karma.

Pobby and Errata.....!!!!!!!?!?!

Do you realise how incredibly silly you are making yourselves look?!

Rental income pays the mortgage, home insurance, overheads etc. The pension itslef is solely the house, which they sell later in life.

Guess what, every time you shop in tescos, you are funding peoples pensions, its exactly the same.

So because we have BTL landlords, there will be no one left to look after us when we are old!?

I'm lost for words. Again, you do realise that should BTL's be gone (as you hate them so much) paying for your house would cost you double if not more per month!?

So far, we have had from you lot.....squatting is payback, squat long enough and the house becomes yours, organised crime against those who own another house, get rid of buy to let (even though this would make the housing market even more expensive), applauding violence on innocent people, anyone who has a second home has a dodgy mortgage....and one poster has warned to another 'be scared if you own another house'.

Do you have any idea what you are on about?!? Seriously!?

ceridwen

Could be a thought to work on - the one re exemption from CGT if selling on a buy-to-let at reduced price to help provide accommodation for lower-paid people. Worth maybe adding to the list of constructive suggestions.

Would certainly like to see more constructive suggestion stuff on this thread - less of "lets all drive ourselves - and everyone else - into having high blood pressure" rants!

Do think we need to work on how to encourage people to sell BLT's - and, as I stated previously, one thing that will encourage that is if people can find some other readily accessible way of providing themselves with a pension (ie we need ideas on that for those who don't have a decent job pension). I saw the comment earlier re buying shares, gold, etc - but there are problems with that. I personally am not in a position to get a BLT (and might find my conscience stopping me if I was) - but I do know enough about how society works to feel sure I could provide a pension for myself with the income from that. I don't have the knowledge to be able to do so from buying shares/gold/whatever - I wouldnt have the faintest idea of how to safeguard my money doing that. No - what we need is a safe way that one can (with a good conscience - ie not a BLT) provide a pension for oneself if one's employer doesnt - or one doesnt have an employer.

wifeforlife

Pobby wrote: »

Hang on a minute!So the btls are funding there pension by using their tenants rents.Fair play,so what pensions are their tenants likely to receive?They have no property of their own.They will never get to the day when the mortgage is payed off.

It`s likely that they will stumble into retirement with little other than state funding just to keep paying the private landlords their rent.So if you think that a return to serfdom is OK then fair enough.I despair !!!!!!!!!!!!!!!!!!!!!!!!

As a tenant my pension is secured with my job and thats on top of the private one I started in February on my 25th birthday.



Originally Posted by Graham_Devon
So tell me....

What would all those living in BTL who currently do so for their own reasons, actually do!?

They would have been thrwon out of their rental home, with the only way of getting shelter over their heads, being buying a property. I.e. forced to.

Now, that could have a teeny winsy problem. Where do they get the money from!? They can't just magic money.


Where I live Graham I wanted to purchase a home, I had saved a hefty deposit and I was ready to go, every property I looked at, all ex council terrace housing in large estates what I would have called starter homes. I was outbid everytime by BTL landlords, who where jumping on the bandwagon. The estate agents until recently didnt even advertise houses for sale they simply phoned through the list of greedy people who could pay cash and pay there and then, where I live there are about 6 business men in particular who have a monopoly on the housing market and I live in one of their houses.

This has helped to push the house prices up and now they're more than 100k more than what they where 3.5 years ago they arent playing the game any more and now I can get on the property ladder. Oh but the money I had 3.5 years ago and the wages I have now dont cover me for the mortgage. I had a fantastic deposit and had a mortgage in place and could afford it and the extra's needed but now I cant, so you can see why I'm slightly aggrieved.

So what would I have done without all these BTL landlords?! I would have owned my own home.

Have a lovely Sunday

Cate

OldNelly

To get this thread back on track, we were discussing Holiday homes not BTL.

During this housing crisis whilst the supply of homes continues to be rationed, owning two is totally unacceptable.

Graham_Devon

Cate, I can see your frustration (i bought last year, so went through all this). But I'm also a businessman. That is business, put in the highest bid an dyou get the goods. Pay the best, you get the best, and so on. It's a shame that this is spilling over into private individuals, but to put another angle on it, this happens every time there is a petrol price war. This effects you in a different way, cheaper prices, but I'm trying to think where business effects other people on a personal level.

You could of course, blame the council. They were accepting the highest bid. If you had a home, and had one person offering you 240k, and another offering you 200k, which would you take!?

If one said they could buy now for 240k, no chain, the other said, 'well it could take a couple of months....but i can give 200k, if the bank let me'.

Which would you choose!? Remember, you might not knowthat ones a business and the other someone who has saved and saved, but are YOU going to lose 40k to help out the one who has saved?

wifeforlife

Graham_Devon wrote: »

Cate, I can see your frustration (i bought last year, so went through all this). But I'm also a businessman. That is business, put in the highest bid an dyou get the goods. Pay the best, you get the best, and so on. It's a shame that this is spilling over into private individuals, but to put another angle on it, this happens every time there is a petrol price war. This effects you in a different way, cheaper prices, but I'm trying to think where business effects other people on a personal level.

You could of course, blame the council. They were accepting the highest bid. If you had a home, and had one person offering you 240k, and another offering you 200k, which would you take!?

If one said they could buy now for 240k, no chain, the other said, 'well it could take a couple of months....but i can give 200k, if the bank let me'.

Which would you choose!? Remember, you might not knowthat ones a business and the other someone who has saved and saved, but are YOU going to lose 40k to help out the one who has saved?

I dont resent anyone who's made a quick buck on housing it's just a bit sh1te for me and bad timing for my generation but thanks for seeing my frustration, it's taken me a while but I got you :rotfl:

Anyway holiday homes?!

Cate