Babyboomers buying up property and renting back to the young

ukcarper

Graham_Devon wrote: »

Thankfully, I'm not in doubt

Just posting up the issues which some seem to be doing their very best to suggest do not exist.

To be fair, it's quite a charitable deed. I mean, why sit back and let people assume something doesn't exist, when quite clearly, it does..it's so easy to help out and point them in the direction of reality...

Does it exists I see no evidence that boomers are buying up properties and renting them out.

Graham_Devon

ukcarper wrote: »

Does it exists I see no evidence that boomers are buying up properties and renting them out.

I know. Why don't I google if for you?

Kicked in the teeth by Gordon Brown’s pension taxes, employers’ pension holidays and weedy investment performance, the older generations have turned to buy-to-let property purchasing to make up for the shortfall. In the past decade, 1.8 million buy-to-let properties have been created – purchased in the main by the babyboom generation. Spurred on by little meaningful regulation, standard contracts that allow landlords to jettison tenants at short notice and rising prices, the numbers will swell further.

Baby boomers (aged46-65) account for 64% of landlords (nearly two-thirds).

Theaverage landlord is aged 53, so these tax advantages help them financially at the expense of younger tenants and would be first-time buyers.

Happy to help.

ukcarper

Graham_Devon wrote: »

I know. Why don't I google if for you?



Happy to help.

Link to quote would be usefull

Graham_Devon

ukcarper wrote: »

Link to quote would be usefull

Highlight a sentence from either quote. Right click on it. Press copy.

Go to google. Paste it. Press search.

Tada!!!

I haven't got a plate big enough here to hand all this stuff to you on.

ukcarper

Graham_Devon wrote: »

Highlight a sentence from either quote. Right click on it. Press copy.

Go to google. Paste it. Press search.

Tada!!!

I haven't got a plate big enough here to hand all this stuff to you on.

So one paper and intergenerational foundation with no reference from where figures come from.

wotsthat

Graham_Devon wrote: »

I haven't got a plate big enough here to hand all this stuff to you on.

Your plate only ever has newspapers on it.

Loughton_Monkey

Graham_Devon wrote: »

Highlight a sentence from either quote. Right click on it. Press copy.

Go to google. Paste it. Press search.

Tada!!!

I haven't got a plate big enough here to hand all this stuff to you on.

Nah!

Doesn't work.

I googled "Baby boomers (aged46-65) account for 64% of landlords (nearly two-thirds)." and all I got was some antique 2013 report by some charitable lobbying group. I've warned you not to pay attention to such pinko, chip-on-shoulder, raving lefties in the past.

So this can't be any sort of intelligent or rational contribution to a debate started in 2015 can it?

Go and have a lie down. Maybe come back when you've got a bigger plate. Perhaps one that doesn't have pictures of Noddy & Big ears on it.

Graham_Devon

You've warned me!? How very cute.

Well in that case, I do apologise for posting up material that disagrees with everything you dribble out on to the forum.

My bad!

It would be easier if we had a list of what you will accept really. Actually, forget the list.... five words would do it I guess....."Anything that challenges my statements".

ukcarper

Graham_Devon wrote: »

You've warned me!? How very cute.

Well in that case, I do apologise for posting up material that disagrees with everything you dribble out on to the forum.

My bad!

It would be easier if we had a list of what you will accept really. Actually, forget the list.... five words would do it I guess....."Anything that challenges my statements".

Perhaps you could link to facts I have tried googling for a breakdown of BTL landlords by age and total number of BTLs over that period and I can't find any official stats.

If people are going to quote figures to get any credibility they need to tell you the source.

Graham_Devon

ukcarper wrote: »

Perhaps you could link to facts I have tried googling for a breakdown of BTL landlords by age and total number of BTLs over that period and I can't find any official stats.

If people are going to quote figures to get any credibility they need to tell you the source.

You found the source of my post.

You found that it was a PDF document from the intergenerational foundation.

If you had actually looked at the report, you'd find that the sources of their information are all listed....

Whilst it is to be expected that older people would own more property assets than younger ones simply because they are at different stages in the life cycle, the age structure of ownership within the BTL sector indicates that it has disproportionately been people who are aged 46 to 65 who have benefitted from its growth (as this age group accounts for 64% of landlords).

According to the annual survey of residential investment landlords conducted by the Association of Residential Letting Agents (ARLA), the average age of a private landlord in the UK
in 2012 was 53.

Right underneath that...

6 Department for Communities and Local Government (2010) Private Landlords Survey 2010 London: Department for Communities and Local Government

7 Association of Residential Letting Agents (ARLA) (2012) ARLA Survey of Residential Investment Landlords Warwick: ARLA