how many REALLY think there'll be a crash rather than a stabilisation ?

Turnbull2000

I believe the media have a lot to answer for - particularly the 'impartial' BBC. As we all know, sentiment fuelled by what people see, hear or read is quite powerful.

Take this example from the BBC:

NOT NEWS - Bank of England Governor admits housing price boom was intentionally orchestrated.

NEWS - BTL mortgage advisers tells us BTL returns were at 13% over the past 12 months.... excluding mortgage and interest payments.

Numerous complaints about the non-coverage of the first issue were brushed off as it was deemed "non-newsworthy". Whereas the second was broadcast without debate on Breakfast News this week, despite the method used to calculate 13% being highly dubious.

mystic_trev

wecanhelpu wrote: »

what will not happen is newbie landlords who think they are are wealthy but are really up to their eyes in debt, doing the same thing. Because they are often too highly geared to be able to get any further funds in a climate of tightening lending criteria.

Dead right! You'll hear them screaming as they run for the door.

Any [STRIKE]reasonable[/STRIKE] unreasonable offer accepted!

CB1979_2

hmmm will the banks defo make the lending criteria much harder to get hold of though?

they too will have to gamble (i believe they make their biggest chunk of cash on mortgages) so surely if they keep them slightly relaxed, they know that other people will jump right in.

i think this time round more people are actually gonna be ready to jump onto the ladder as soon as these prices start to fall, ie all you STRs & FTB who have actually been saving a deposit, NB the FTBs who have no deposit STILL won't be able to get on the ladder though!

i think more people have taken into account the last crash, and are more prepared this time round.

Gorgeous_George

Romani_Ite_Domum wrote: »

GG, I am sure you feel in your heart that you are doing your tenant a favour buy owning a BTL and I am sure she is happy with you as a LL.... It's time to face facts:

Investent in property by BTL has had a massive effect on house prices

We'll have to beg to differ.

What came first the chicken or the egg; the tenant or the LL. Rather than blaming LLs you could just a s easily blame tenants. You cannot have one without the other.



GG

CB1979_2

Gorgeous_George wrote: »

You cannot have one without the other.



GG

not strictly true, judging by some of the empty properties! lol

wecanhelpu

CB1979 wrote: »

i think more people have taken into account the last crash, and are more prepared this time round.

:rotfl:


This has got to be a joke.

CB1979_2

wecanhelpu wrote: »

:rotfl:


This has got to be a joke.

i meant for the people who want to buy, not the ones who own! doh.

the amount of people on here, who go on about how they have saved a massive amount of cash or sold to rent in order to have a massive pile of cash stashed away ready for the big HPC d-day is incredible.

obviously with me being only 27, I don't know people who were affected last time round, but am assuming there wasn't as many people prepared/saved enough to be able to buy.

wecanhelpu

Do you you think "STRs" are a new breed of people?

I know people who did just that during the last peak in the housing market.

The only difference this time around is the internet publicising their tactics.

Market fundementals don't change.

Gorgeous_George

CB1979 wrote: »

not strictly true, judging by some of the empty properties! lol

If the properties are empty they are not BTL (Buy to LET). They're more BTKEUSMCAAPTRHRs.



GG

ManAtHome

CB1979 wrote: »

hmmm will the banks defo make the lending criteria much harder to get hold of though?

Dunno, quite a bit of carnage starting up in the "insure your bad debts" market (CDOs) - if the banks have to take more risk, they'll raise the bar a bit until it makes economic sense (to them).