Housing Boom on the Way....

Landofwood

C_Mababejive wrote: »

Well i ask again,,just for my own education...why around 2008/09 did houses as an asset class suddenly double or triple?

What does 'house as an asset class double or triple' mean?

chucknorris

Crashy_Time wrote: »

There are empty BTL`s round me, not just empty rooms, can`t see anything but oversupply of people who thought BTL was a great idea, a "pension".

It is going to be a great pension for us, not only is it going to dwarf our other pension income, it was bought for us by tenants just like you, and it has given us a large profit before retirement too.

Crashy_Time

chucknorris wrote: »

It is going to be a great pension for us, not only is it going to dwarf our other pension income, it was bought for us by tenants just like you, and it has given us a large profit before retirement too.

If it is tenants just like me you can`t be charging very much for your gaffs :rotfl: However, I believe HTB 1 was your cue to sell up, if you missed the chance that is your problem. If the coming political turmoil does indeed cause a correction in house prices tenants may be a little thinner on the ground, who knows really, I don`t think there are many places outside London you could rely on BTL for a pension now.

Crashy_Time

marathonic wrote: »

All the more reason for prices to rise!!!!

Fill your spades!

Blacklight

It's amusing that most people think building more and more is the answer to lowering house prices.

What happened as soon as house builders got even a hint of prices dropping in 2007? All of them shut up shop and mothballed all their sites on day one. You could hardly move for part finished developments.

Precisely what didn't happen was a massive increase in producing houses and flogging them all off cheap. Quite how people intend to persuade several ftse 100 companies to rewrite their business plans and break it to investors that the value of the company is about to halve is beyond me.

As soon as the market goes south, supply will be throttled back again with the resultant job losses to boot.

chucknorris

Crashy_Time wrote: »

If it is tenants just like me you can`t be charging very much for your gaffs However, I believe HTB 1 was your cue to sell up, if you missed the chance that is your problem. If the coming political turmoil does indeed cause a correction in house prices tenants may be a little thinner on the ground, who knows really, I don`t think there are many places outside London you could rely on BTL for a pension now.

We charge between £1,200 and £2,000 per month, I meant tenant's paying for their landlord's pension (not so much how much they pay). We haven't got a problem, as I said, it is going to be great pension income for us (as it is now), in fact spending it isn't going to be that easy, but we'll certainly give it a try. In fact, that is our challenge, to spend it. I certainly don't consider that to be a problem, what pension provision have you made for yourself?

cells

Blacklight wrote: »

It's amusing that most people think building more and more is the answer to lowering house prices.

What happened as soon as house builders got even a hint of prices dropping in 2007? All of them shut up shop and mothballed all their sites on day one. You could hardly move for part finished developments.

Precisely what didn't happen was a massive increase in producing houses and flogging them all off cheap. Quite how people intend to persuade several ftse 100 companies to rewrite their business plans and break it to investors that the value of the company is about to halve is beyond me.

As soon as the market goes south, supply will be throttled back again with the resultant job losses to boot.

you can build more and keep everyone happy if the COST OF BUILDING homes also falls. They would happen if planning stamps were cheaper to buy and for them to be cheaper to buy requires more of them to be issued

France is a similar nation, similar wages, building materials ,population, population growth, etc

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so how can they build 400,000 a year and we can only do 120,000 a year?

cells

chucknorris wrote: »

We charge between £1,200 and £2,000 per month, I meant tenant's paying for their landlord's pension (not so much how much they pay). We haven't got a problem, as I said, it is going to be great pension income for us (as it is now), in fact spending it isn't going to be that easy, but we'll certainly give it a try. In fact, that is our challenge, to spend it. I certainly don't consider that to be a problem, what pension provision have you made for yourself?

a lot of landlords also reinvest their income from BTLs into improving quality and supply.

One big landlord I know lives a very modest life and puts pretty much everything back into extending his properties

How that harms renters or perspective buyers in anyway I dont know


doesn't even have a family I know off, guess it will all go to some cats charity at some stag

padington

cells wrote: »

a lot of landlords also reinvest their income from BTLs into improving quality and supply.

One big landlord I know lives a very modest life and puts pretty much everything back into extending his properties

How that harms renters or perspective buyers in anyway I dont know


doesn't even have a family I know off, guess it will all go to some cats charity at some stag

That's the reason liberal democratic capatalist systems work quite well. The universe, I believe, is ordered to find the best use of energies for maximum outcome. Allow the Frugal, clever and hardworking to create new senses of order and everyone benefits. Problem for all the other systems is they often disallowed this to happen for one reason or another.

Problem we have now though is that the housing divide is causing opportunities to be far from equal and the tilt for the UK to maximise the chances of every frugal, hardworking and clever person to thrive is more limited. Which will be bad for us all one day.

If it takes most of your energy to save for a deposit for your first house, there's not much time left to build the new world order.

However it's fine, the universe will usurp all those which get in her way eventually.

Blacklight

cells wrote: »

France is a similar nation, similar wages, building materials ,population, population growth, etc

---

so how can they build 400,000 a year and we can only do 120,000 a year?

250% more land per person.