Landlords to blame for Britain's rising house prices

HAMISH_MCTAVISH

hpifever wrote: »

I hope these desparate house price increase lovers loose their properties.

Oh dear.....

ruggedtoast

Jack_Johnson_the_acorn wrote: »

Yeah my remaining mortgage after 3 yrs is less than 2x our joint income.... It would take rates above 15% to grab my attention...... How likely are rates of 15% in the next 10 yrs????

72% likely.

danothy

ruggedtoast wrote: »

72% likely.

Genuinely interested in how you arrived at that number.

Jack_Johnson_the_acorn

danothy wrote: »

Genuinely interested in how you arrived at that number.

By praying to an invisible God.

Loughton_Monkey

Jack_Johnson_the_acorn wrote: »

By praying to an invisible God.

... you mean some of them are visible?

chucknorris

stator wrote: »

Which would show clearly that someone else has an overridding interest in the property.

A charge on the property is not owning it, I am the legal owner, I can simply pay them off, and they can't do anything about it, that interest wouldn't exist anymore.

Loughton_Monkey

Oh to live in a country where we are all born into a world with a free basic education system, which we can choose to use, or to abuse.....

....where we can choose, at modest cost, to better ourselves with higher education whilst others are out earning money, learning a trade, or not as they freely choose. A world where we can choose to be idle, or choose not to seek opportunities, and yet still not starve, want for a roof over our heads, or go without medical treatment.

....er.... I think we do don't we?

What a shame, therefore, that there are so many people who fail to understand or comprehend how such a 'free country' works. To blame BTL landlords for house price movements is like blaming GP's as a group for the cost of bandages! A GP is an individual (as is a landlord) with only very limited ability to influence (or be influenced by) his peers. It is fallacious in the extreme that action by individuals such as this can be responsible for 'material' market movements.

I sought a hotel room for a quick overnight stay later this week. I checked prices and zoomed in on the one I wanted. At £88. Having conferred with Mrs LM later that day, I went to book it only to find the price was now £105. Following the logic of this thread, I can only 'blame' the people who (presumably attending the same event) got 'in there' quickly and booked before I did! When I get there, shall I stand on a soapbox in reception with a megaphone and harangue all the guests who got in first and 'caused' my own price to increase?

No. I shall rightly put it down to market forces.

chucknorris

stator wrote: »

A common delusion.

It must be extremely common, as well as the owners (oops there I go again), the whole legal system, the estate agents and even the mortgage lenders themselves are apparently suffering from this delusion. In fact so is the entire country apart from you, or it could just be you of course.


EDIT: As I said above, a charge on a property is not owning it, I am the legal owner, I can simply pay the mortgage off, and they can't do anything about it, that charge wouldn't exist anymore.

Jack_Johnson_the_acorn

Loughton_Monkey wrote: »

... you mean some of them are visible?

Some would tell you they see God, they are deluded and therefore likely to be part of the crashy crew.

Pixie5740

Jack_Johnson_the_acorn wrote: »

Some would tell you they see God, they are deluded and therefore likely to be part of the crashy crew.

I saw Jesus in my toast this morning.