Buy-to-let investors will need 50pc deposit - or no mortgage

Crashy_Time

wotsthat wrote: »

I would've said the late nineties were a good time to buy for BTL's as well as OO's - wouldn't you? It's hindsight of course but it was a godawful time to sell and then rent forever. I'm amazed you can be so certain about the future when you've been so wrong so many times.

If BTL's can be deterred from competing with me when I take a leap up the housing ladder I'm up for that but hoping isn't the same as knowing.

Good luck.

Crashy_Time

cells wrote: »

effectively homeowners can bid at most 2 wages to buy a house

a group of renters can bid four wages to rent the house

The result is a shift from owners to renters especially in places where supply is more short (eg London) and rents are high. In places where supply is ample and rents a lot lower then renters dont need to cram and it will be owners bidding a max of 2 wages or renters bidding a max of two wages. And in that situation owning is better as its cheaper due to lower overheads and middlemen.

Why do landlords bother with Housing benefit then?

mystic_trev

Crashy_Time wrote: »

Why do landlords bother with Housing benefit then?

Sorry, I hadn't realised you were on benefits. I can now understand why you're renting. Hope things improve soon.

Crashy_Time

mystic_trev wrote: »

Sorry, I hadn't realised you were on benefits. I can now understand why you're renting. Hope things improve soon.

Don`t give up the day job at McDonalds mate, the Comedy Store will live without you for a while yet. You should be able to sharpen up your humour as this crash unfolds and CrashNorris, Wotsit and the rest get more and more agitated, I know I will be

cells

Crashy_Time wrote: »

Why do landlords bother with Housing benefit then?

most do not

but for those who do, its the same reason social landlords and councils bother with housing benefit