Good Old Fergus!

wotsthat

Crashy_Time wrote: »

Assuming you mean the migrant situation, so why in that case would he sell out of the gold mine now when it is just about to strike big?

I didn't mean the migrant thing specifically but if market conditions have changed then he might get away with a rent increase now when he couldn't have done 10 years ago.

If I was cracking 70, had already struck big, wasn't in the best of health and had no kids I'm not sure I could be bothered with the hassle of owning a gold mine.

Crashy_Time

danothy wrote: »

So nothing to substantiate the assertion that:



Basically, you're coping to being a massive liar.

Muppets who take letting agents nonsense at face value have just paid what they were asked, but they are mostly overseas workers/students who tend to move on quite quickly. People who know what they are doing have seen no dramatic rent rises in years. Is that better?

danothy

Crashy_Time wrote: »

People who know what they are doing have seen no dramatic rent rises in years. Is that better?

No, as you've still failed to substantiate the truth of such a statement. Which people 'know what they are doing'? What rents are they paying? How many years have they been paying it? How do you know what they are and were paying?

Nice to see you admit that you lied about the original statement on the matter though. Since you're now known to be a liar I won't bother reading your answers to the above questions though, as they will no doubt be lies.

Crashy_Time

wotsthat wrote: »

I didn't mean the migrant thing specifically but if market conditions have changed then he might get away with a rent increase now when he couldn't have done 10 years ago.

If I was cracking 70, had already struck big, wasn't in the best of health and had no kids I'm not sure I could be bothered with the hassle of owning a gold mine.

Really? Looks like Buffet should have sold up decades ago then....


Isn`t the reality that Fergus just over played his leveraged hand. got bailed out while the country was being "saved", and is being pressured to sell now by his lenders?

Crashy_Time

danothy wrote: »

No, as you've still failed to substantiate the truth of such a statement. Which people 'know what they are doing'? What rents are they paying? How many years have they been paying it? How do you know what they are and were paying?

Nice to see you admit that you lied about the original statement on the matter though. Since you're now a known to be a liar I won't bother reading your answer to the above questions though, as they will no doubt be lies.

Try another one; Most people in the UK have seen the "value" of their house go nowhere in years; Discuss.

wotsthat

Crashy_Time wrote: »

Really? Looks like Buffet should have sold up decades ago then....

I gather Buffett doesn't want to sell and Fergus does so that might have some bearing on it too.

Fergus will be delighted if he reads this to see himself mentioned in the same sentence as Warren Buffett!

Crashy_Time wrote: »

Isn`t the reality that Fergus just over played his leveraged hand. got bailed out while the country was being "saved", and is being pressured to sell now by his lenders?

We're both speculating about something we can't possibly know anything about - not a first for either of us.

Your speculation about something you don't know about is far more exciting than my speculation - let's go with that. He's being forced to sell by his lenders.

Out,_Vile_Jelly

Crashy_Time wrote: »

Sorry, I see you said lettings agent. That is the problem right there IMO.

Just been looking at openrent.co.uk, which wasn't around the last time I was searching for a rental, and matches tenants to private LLs without agency fees (there is a small fee for LLs to place an ad). Seems like a good idea. However, still can't see a 1 bed flat in SW19 for less than £1200 pcm.

Crashy_Time

wotsthat wrote: »

I gather Buffett doesn't want to sell and Fergus does so that might have some bearing on it too.

Fergus will be delighted if he reads this to see himself mentioned in the same sentence as Warren Buffett!



We're both speculating about something we can't possibly know anything about - not a first for either of us.

Your speculation about something you don't know about is far more exciting than my speculation - let's go with that. He's being forced to sell by his lenders.

We do agree he has "lenders" then?

wotsthat

Crashy_Time wrote: »

We do agree he has "lenders" then?

I sort of assumed if we were going for the speculation that he was being forced to sell by his lenders there might be lenders involved.

So yes let's both speculate that someone we don't know with a BTL portfolio has, shock horror, a mortgage too.

Crashy_Time

wotsthat wrote: »

I sort of assumed if we were going for the speculation that he was being forced to sell by his lenders there might be lenders involved.

So yes let's both speculate that someone we don't know with a BTL portfolio has, shock horror, a mortgage too.

We don`t know him, but a lot of his business affairs are in the public domain, that is the difference. If he didn`t have mortgages he would be in a very different position? My point is that he has too many mortgages and has overplayed his hand, my opinion if you want to say it like that.