Are the eternal optimists on here still feeling optimistic?

MobileSaver

Crashy_Time wrote: »

As I have had about ten landlords in that time,

You've moved 10 times over the last 16 years?!?!?! No wonder you are bitter and twisted, you should buy yourself a place and try to settle down and get a bit of security and stability into your life.

Crashy_Time wrote: »

so wake me up when I even get close to that level of crap.

You're sharing a house with half a dozen other people in a not very desirable part of Edinburgh... we've been trying to get you to wake up and smell the roses since you first started posting on here.

Crashy_Time

MobileSaver wrote: »

You've moved 10 times over the last 16 years?!?!?! No wonder you are bitter and twisted, you should buy yourself a place and try to settle down and get a bit of security and stability into your life.



You're sharing a house with half a dozen other people in a not very desirable part of Edinburgh... we've been trying to get you to wake up and smell the roses since you first started posting on here.

What is your opinion on rents going nowhere for many years?

Crashy_Time

MobileSaver wrote: »

You've moved 10 times over the last 16 years?!?!?! No wonder you are bitter and twisted, you should buy yourself a place and try to settle down and get a bit of security and stability into your life.



You're sharing a house with half a dozen other people in a not very desirable part of Edinburgh... we've been trying to get you to wake up and smell the roses since you first started posting on here.

This landlord is the 8th in that time, so it is 8 not 10, my mistake. However the question of the thread is - Are the optimists still feeling optimistic for the housing market and economy in general ? I am optimistic that not much more can or will be done to keep imaginary house price dreams alive.

MobileSaver

Crashy_Time wrote: »

What is your opinion on rents going nowhere for many years?

While your rent has apparently stayed the same for the last 16 years, your landlord's mortgage rate has dropped from 9% to 2.5% so your landlord must be quids in while you continue to pay his mortgage for him.

So on a typical £150,000 mortgage, even ignoring the indisputable HPI factor, your landlord is £800 a month better off than he was.

mayonnaise

Yep, still feeling optimistic.

cells

mayonnaise wrote: »

Yep, still feeling optimistic.

same,

BTL tax changes will mean a more tax paid by landlords and it may marginally lower HPI over the next five years but it will still be positive

the overriding factor in house prices is

+500,000 people meets build rates so low you need to go to pre ww2 to find similar = no hpc

Graham_Devon

cells wrote: »

same,

BTL tax changes will mean a more tax paid by landlords and it may marginally lower HPI over the next five years but it will still be positive

the overriding factor in house prices is

+500,000 people meets build rates so low you need to go to pre ww2 to find similar = no hpc

Just questioning this (not stating there will be a crash).

Prices fell in 2008 etc. Population growth was running at about the same numbers.

So population growth itself doesn't really stop house price falls.

cells

Graham_Devon wrote: »

Just questioning this (not stating there will be a crash).

Prices fell in 2008 etc. Population growth was running at about the same numbers.

So population growth itself doesn't really stop house price falls.

sure, short periods of recession can do that

however prices, at least in London are now well over 50% higher than then and its only really been 5 years since the heights of the recession

so the fundamentals of lots of demand (+500,000 people a year) met with very little supply (historically low build rates) seem to be more powerful than a temporary recession

Crashy_Time

cells wrote: »

same,

BTL tax changes will mean a more tax paid by landlords and it may marginally lower HPI over the next five years but it will still be positive

the overriding factor in house prices is

+500,000 people meets build rates so low you need to go to pre ww2 to find similar = no hpc

Thought it was 300,000 the last time you posted (yesterday) They must have been coming over the channel in big numbers last night, all ready to pay any rent the landlord fancies and borrow to the max as well? As this has been going on for years though according to many property bulls, where are the hundreds of thousands living as they wait for their house to be built?

Crashy_Time

cells wrote: »

sure, short periods of recession can do that

however prices, at least in London are now well over 50% higher than then and its only really been 5 years since the heights of the recession

so the fundamentals of lots of demand (+500,000 people a year) met with very little supply (historically low build rates) seem to be more powerful than a temporary recession

Of course the fundamentals of government intervention are what has caused the indexes to stay positive on tiny sales volume, not demand. We will see how many still fancy a punt on BTL now that the goalposts have been shifted a bit.