Rents soar to (another) record high

wotsthat

Crashy_Time wrote: »

Would have thought it would have been capital losses for that type of flat, unless he bought way before 2007, but again you dodge the question which of course we all already know the answer to

Maybe you should stop guessing and start checking?

It's on Rightmove.

Crashy_Time

wotsthat wrote: »

Maybe you should stop guessing and start checking?

It's on Rightmove.

What, the reason he didn`t manage to get the rent above 450p.m?

wotsthat

Crashy_Time wrote: »

What, the reason he didn`t manage to get the rent above 450p.m?

All you know is you didn't pay above £450 pm and an awful lot of your world view is based on that worthless factoid.

gadgetmind

"Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests."

http://www.bbc.co.uk/news/business-36285049

lisyloo

gadgetmind wrote: »

"Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests."

http://www.bbc.co.uk/news/business-36285049

If you read to the end, the important bit is that a short term supply "spurt" won't change the fundamentals.

I'm a very reluctant bull, but I can't see how things don't get worse for renters. Population rise is inevitable and some property moving from BTl to OO means less efficient/dense use of it.

Crashy_Time

wotsthat wrote: »

All you know is you didn't pay above £450 pm and an awful lot of your world view is based on that worthless factoid.

Not a worthless factoid to me and my bank balance though? Lets face it, if that is achievable rent in Edinburgh over many years most of the "rent statistics" that you guys are so fond of are obviously VI B.S? I don`t think that you really believe half the guff you post, but if you do you are in for a shock when this lot goes pear shaped.

wotsthat

Crashy_Time wrote: »

Not a worthless factoid to me and my bank balance though? Lets face it, if that is achievable rent in Edinburgh over many years most of the "rent statistics" that you guys are so fond of are obviously VI B.S? I don`t think that you really believe half the guff you post, but if you do you are in for a shock when this lot goes pear shaped.

It's a worthless factoid to everyone else because it has no context.

You paid off a chunk of your landlords mortgage whilst his capital appreciated nicely. I guess we'll never know because you don't know if he even sold or not :A

A nice opportunity for you to demonstrate whether you can determine price from value and you've not checked. Yeah right.

buglawton

gadgetmind wrote: »

"Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests."

http://www.bbc.co.uk/news/business-36285049

On the other hand, larger landlords look set to profit nicely from rising rental demand as a result of the Osborne BTL taxes:
http://www.telegraph.co.uk/business/2016/05/19/private-renting-developer-grainger-profits-up-as-buy-to-let-sque/

This is an entirely predictable consequence. So predictable that I wonder what the true intention of the tax changes were. Sure as heck not to benefit tenants. To benefit ones mates that support the Tory party? More likely.

Crashy_Time

buglawton wrote: »

On the other hand, larger landlords look set to profit nicely from rising rental demand as a result of the Osborne BTL taxes:
http://www.telegraph.co.uk/business/2016/05/19/private-renting-developer-grainger-profits-up-as-buy-to-let-sque/

This is an entirely predictable consequence. So predictable that I wonder what the true intention of the tax changes were. Sure as heck not to benefit tenants. To benefit ones mates that support the Tory party? More likely.

Not everyone wants to overpay to live in a lump of glass with a doorman thrown in, any future HPC or recession/depression will see this company and others like it take a hit as well. Many landlords who bought at the right time and price their rents sensibly are doing well also?

buglawton

Hmm well when the UK's famous "Kent Couple" BTL landlords sold up, small buyers didn't even come into it. 900 real houses sold off to an Arab consortium apparently:
http://www.thisismoney.co.uk/money/buytolet/article-3352735/Britain-s-biggest-buy-let-tycoons-strike-deal-sell-900-strong-property-empire-Kent-Arab-investors-250m.html

For some reason I think they'll come out better on the tax front than individual BTL landlords looking for an alternative to a pension annuity. Oh, and all profits will be repatriated abroad. Another nice one, Osborne!