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118 Landlords Panic and try lobbying MP's yet again
Comments
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I don't think this will have much effect on London tbh, anyone buying houses recently wasn't buying for the yield, which is ridiculously low. It's still the 'safe haven' for capital appreciation, or at least that's the reasoning.
Still as someone renting in London and hoping to one day get on the ladder, one can hope
Faith, hope, charity, these three; but the greatest of these is charity.0 -
I'd advise against investing in something inversely correlated with interest rates while we're at record lows
Thanks, I know what you are saying (or I think I do), and for that reason I would not buy into a bond fund (which might/would fall if/when interest rates go up). I would be buying a corporate bond (or 2 or 3) and holding it/them for its/their entire life(s), then get full redemption without any capital loss (or gain). To be honest it probably wouldn't be a significant (comparatively speaking) amount, merely a small move towards some diversification.
Please feel free to correct my logic if this sounds wrong (I am no expert on bonds and shares), but I was thinking if the equity markets corrected and fell, that might push bonds up. That might give me an opportunity to sell a corporate bond and move the proceeds into the stock market while it is lower. Not that I would want equity markets to fall, but they do anyway, whether I want it or not.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
mayonnaise wrote: »Don't let the Graham drag you down to his level, chuck.
You are an inspiration to many here. Have a good day!
Graham wasn't really saying anything that bad, perhaps if I had actually been wound up, then I would have thought so, but I wasn't.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
I don't think this will have much effect on London tbh, anyone buying houses recently wasn't buying for the yield, which is ridiculously low. It's still the 'safe haven' for capital appreciation, or at least that's the reasoning.
Still as someone renting in London and hoping to one day get on the ladder, one can hope
I'm not saying this because I want it to happen, as I will be selling at (least partially) in the near future anyway, but I think this will create even more upward pressure on rents. But who knows what might follow next?
In the budget the Gov singled out landlords, so they do appear to be trying to address what they perceive as imbalances. It might not be the end of it, no panic here though, just a casual observation. I might be more concerned if I was younger and intended to hold property for much longer, but unfortunately I am not young enough to be concerned (wish I was).
This wouldn't be introduced for financial reasons, although it would have a financial impact, one thing that I think might be eventually introduced, is mandatory electrical safety tests (just like a gas safety)Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »Calm down? I am not wound up! You are an absolute fool, you are just trying to back down now, what a loser you are. The only reason that I mentioned the properties is that I know it winds you up, you are pathetic.
The mask slips once in a while doesn't it.
Ive not read much of this forum, having better things to do, but this thread is interesting as I see these budget changes to be the start of some improvement to the housing crisis.
Certainly buy to let landlords are a scourge, it is right they are targeted.
Chucknorris is certainly bored and unimaginative, I could think of better things to do than make comments like the above, whether I was 'rich' or poor.
The truth is, having money isn't all its cracked up to be. The thrill was the chase, and I dare say chucknorris felt that at one time when the buy to let business model looked to be working for him. But read between the lines, seems to me this chancer has been at the 'now what?' stage for quite some time.
Very few people respect buy to let landlords, for obvious reasons. It is not a 'fun' business to get into and do, you don't have much to learn, or indeed much to do. Having money in itself is often a pain as well, people will treat you differently, often asking for help.. and you're never sure what they want from you.
It is not a life to be envied, but you read between the lines just a little and you can see people like that often crave respect, and they perceive envy as a component of that and so eagerly want to see it, where it is there or not.
Chucknorris is here to serve his own psychological needs, and is bored.
The answer is to plough your own farrow, in a respectable arena. So not landlordism, plainly. Choose growth, learning, hard work. Its fun! Not work! Actually FUN! Fun of the type the buy to let landlord may have never even known at all. Maybe a few times… they will remember it. That thrill.
Strive in a field worthy of respect and you can have a blast. And you won't be spending as much time on forums like chucknorris does.
Pity is more appropriate than envy. As buy to let draws to a close, amusement is also an appropriate response.
Good luck to the good people. Bye bye to the buy to let landlords.0 -
allthingsmustpass wrote: »The mask slips once in a while doesn't it.
Ive not read much of this forum, having better things to do, but this thread is interesting as I see these budget changes to be the start of some improvement to the housing crisis.
Certainly buy to let landlords are a scourge, it is right they are targeted.
Chucknorris is certainly bored and unimaginative, I could think of better things to do than make comments like the above, whether I was 'rich' or poor.
The truth is, having money isn't all its cracked up to be. The thrill was the chase, and I dare say chucknorris felt that at one time when the buy to let business model looked to be working for him. But read between the lines, seems to me this chancer has been at the 'now what?' stage for quite some time.
Very few people respect buy to let landlords, for obvious reasons. It is not a 'fun' business to get into and do, you don't have much to learn, or indeed much to do. Having money in itself is often a pain as well, people will treat you differently, often asking for help.. and you're never sure what they want from you.
It is not a life to be envied, but you read between the lines just a little and you can see people like that often crave respect, and they perceive envy as a component of that and so eagerly want to see it, where it is there or not.
Chucknorris is here to serve his own psychological needs, and is bored.
The answer is to plough your own farrow, in a respectable arena. So not landlordism, plainly. Choose growth, learning, hard work. Its fun! Not work! Actually FUN! Fun of the type the buy to let landlord may have never even known at all. Maybe a few times… they will remember it. That thrill.
Strive in a field worthy of respect and you can have a blast. And you won't be spending as much time on forums like chucknorris does.
Pity is more appropriate than envy. As buy to let draws to a close, amusement is also an appropriate response.
Good luck to the good people. Bye bye to the buy to let landlords.
without landlords, how would you propose to meet the needs of the 1 million or so people who have to find rented accommodation each year?0 -
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allthingsmustpass wrote: »The mask slips once in a while doesn't it.
Ive not read much of this forum, having better things to do, but this thread is interesting as I see these budget changes to be the start of some improvement to the housing crisis.
Certainly buy to let landlords are a scourge, it is right they are targeted.
Chucknorris is certainly bored and unimaginative, I could think of better things to do than make comments like the above, whether I was 'rich' or poor.
The truth is, having money isn't all its cracked up to be. The thrill was the chase, and I dare say chucknorris felt that at one time when the buy to let business model looked to be working for him. But read between the lines, seems to me this chancer has been at the 'now what?' stage for quite some time.
Very few people respect buy to let landlords, for obvious reasons. It is not a 'fun' business to get into and do, you don't have much to learn, or indeed much to do. Having money in itself is often a pain as well, people will treat you differently, often asking for help.. and you're never sure what they want from you.
It is not a life to be envied, but you read between the lines just a little and you can see people like that often crave respect, and they perceive envy as a component of that and so eagerly want to see it, where it is there or not.
Chucknorris is here to serve his own psychological needs, and is bored.
The answer is to plough your own farrow, in a respectable arena. So not landlordism, plainly. Choose growth, learning, hard work. Its fun! Not work! Actually FUN! Fun of the type the buy to let landlord may have never even known at all. Maybe a few times… they will remember it. That thrill.
Strive in a field worthy of respect and you can have a blast. And you won't be spending as much time on forums like chucknorris does.
Pity is more appropriate than envy. As buy to let draws to a close, amusement is also an appropriate response.
Good luck to the good people. Bye bye to the buy to let landlords.
Perhaps you should follow people post more closely if you want to criticise them. Chucknorrris has be saying he intends to sell some of his properties for sometime.0 -
Graham_Devon wrote: »In direct response to your question to the poster - could quite easily be councils.
It would be nice if that was the case but it's very unlikely.0 -
Graham_Devon wrote: »In direct response to your question to the poster - could quite easily be councils.
Nationalising the stock of housing currently held by BTL landlords doesn't sound easy or cost effective.0
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