Good Old Fergus!

cells

Generali wrote: »

If I was a BTL LL then I'd becerned that the Government was going to regulate my business into much worse shape. The larger a proportion of the population rent, the more likely it is to happen.

On the other side of the coin

Nearly +1,500 people per day added to the population
Less than 350 homes per day built

Also you can't regulate away a shortage.

Crashy_Time

cells wrote: »

On the other side of the coin

Nearly +1,500 people per day added to the population
Less than 350 homes per day built

Also you can't regulate away a shortage.

In that case I would have thought the Wilson`s portfolio of rentable houses would have been snapped up long ago?

Crashy_Time

Maybe today will be the day that he finally sells! :j

mayonnaise

Crashy_Time wrote: »

Maybe today will be the day that he finally sells! :j

Patience, crashy.
Selling a £250 million empire is a bit more time consuming than signing up for a 6 month AST on a damp room in an Edinburgh HMO, you know...

Crashy_Time

mayonnaise wrote: »

Patience, crashy.
Selling a £250 million empire is a bit more time consuming than signing up for a 6 month AST on a damp room in an Edinburgh HMO, you know...

Well I wouldn`t know about the damp room in an HMO, the flat is quite toasty just now from the neighbours heating, but let`s face it, the fat one has been trying to sell long time, and his imaginary "Chinese investors" are not coming through are they? The Wilsons are just the top layer of the BTL mugs of the UK who didn`t think it through properly.

wotsthat

Crashy_Time wrote: »

Well I wouldn`t know about the damp room in an HMO, the flat is quite toasty just now from the neighbours heating, but let`s face it, the fat one has been trying to sell long time, and his imaginary "Chinese investors" are not coming through are they? The Wilsons are just the top layer of the BTL mugs of the UK who didn`t think it through properly.

They're not mugs - just lucky.

Even if they sold piecemeal they'd walk away with a few mil and have managed to achieve their main aim of becoming the Kardashians of kentonline.co.uk. Not bad for putting up about 10p worth of capital.

Crashy_Time

wotsthat wrote: »

They're not mugs - just lucky.

Even if they sold piecemeal they'd walk away with a few mil and managed to achieve their main aims of becoming the Kardashians of kentonline.co.uk. Not bad for putting up about 10p worth of capital.

The bit in bold is their first problem, as for the rest, how do you know what they would and wouldn`t make? As I hear it they are in debt up to their eyeballs and being pushed towards a sale by their creditors (or even worse, the people who are going through the books of their bankrupt creditors :rotfl:)

wotsthat

Crashy_Time wrote: »

The bit in bold is their first problem, as for the rest, how do you know what they would and wouldn`t make? As I hear it they are in debt up to their eyeballs and being pushed towards a sale by their creditors (or even worse, the people who are going through the books of their bankrupt creditors :rotfl:)

Thousands of properties are sold in Ashford & Maidstone every year - it wouldn't take long to offload them.

I don't find it difficult to conceive that low interest rates and the likelihood that most, if not all, properties are now worth more than they paid will have done wonders for their finances. Like anyone else that hit the GFC overstretched they've had plenty of time and good luck so I'd have no sympathy if they're underwater.

Your story sounds nice but I doubt you've got an inside track as opposed the fact of low interest rates and rising prices in the SE since the GFC.

Crashy_Time

wotsthat wrote: »

Thousands of properties are sold in Ashford & Maidstone every year - it wouldn't take long to offload them.

I don't find it difficult to conceive that low interest rates and the likelihood that most, if not all, properties are now worth more than they paid will have done wonders for their finances. Like anyone else that hit the GFC overstretched they've had plenty of time and good luck so I'd have no sympathy if they're underwater.

Your story sounds nice but I doubt you've got an inside track as opposed the fact of low interest rates and rising prices in the SE since the GFC.

Why is it taking so long, and multiple newspaper interviews, to try and shift them then?

wotsthat

Crashy_Time wrote: »

Why is it taking so long, and multiple newspaper interviews, to try and shift them then?

Maybe he's already selling when they become vacant. Maybe he doesn't want to sell because the media would then be less interested in him. Maybe he can't shift them. What does your source say?

There will be plenty of people with substantial property portfolios who manage to get on with life without courting the media. Isn't Mr Wilson just a bit of a knob and somewhat irrelevant to the housing market?