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Good areas for investing in BTL property in the North-West or neighbouring regions.
Comments
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I understand the logic that says that BTL stops a first-time-buyer getting a house.
But it's flawed logic isn't it? Some people have to/choose to rent, there will always be a demand.
And anyway, the FTB has as much chance to buy a particular propoerty as a BTL-er, haven't they? They are not marketed for sale exclusively to BTL-ers!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
seven-day-weekend wrote: »
And anyway, the FTB has as much chance to buy a particular propoerty as a BTL-er, haven't they? They are not marketed for sale exclusively to BTL-ers!
They don't really have a chance if their deposit must be made from real money earned by the sweat of their brow, and the BTL can just take it out of their "equity" on the home they bought when prices were reasonable.0 -
They don't really have a chance if their deposit must be made from real money earned by the sweat of their brow, and the BTL can just take it out of their "equity" on the home they bought when prices were reasonable.
Why not, if they have their deposit waiting in the bank?(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
izzybusy23 wrote: »Fair enough comments, but I get a little sick and tired of every Tom, !!!!!! and Jones thinking they are the next big property investor.
This whole BTL is getting a tad boring now.. and sorry, IMHO BTL has mainly fuelled HPI... greed, in order to make a quick buck. Simple as.
That's as maybe, but it still provides a home for people who wish/need to rent. What would they rent if all the BTLs suddenly disappeared? A Council place? Not a chance.
IMHO BTLs give MORE choices, not less.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
seven-day-weekend wrote: »Why not, if they have their deposit waiting in the bank?
What I was saying is that it is much easier for a wannabe BTL to come up with 30k cash by taking it out of their own home (of which they probably put 5k down in 1998) than a FTB who does not have access to easy equity.
One day we will be FTB's but in the mean time we are saving a deposit. It takes a really long time for normal people to come up with that much money. Whereas, the BTL dude can come up with it almost instantly, without actually working for it.
Them's the breaks I guess.0 -
I am not against BTLs per se, when it is done by professionals with a viable business. However this is not the climate for it.0
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What I was saying is that it is much easier for a wannabe BTL to come up with 30k cash by taking it out of their own home (of which they probably put 5k down in 1998) than a FTB who does not have access to easy equity.
One day we will be FTB's but in the mean time we are saving a deposit. It takes a really long time for normal people to come up with that much money. Whereas, the BTL dude can come up with it almost instantly, without actually working for it.
Them's the breaks I guess.
But they were also a FTB once! Why shouldn't people have the equity work for them?
One day YOU will have a house with loads of equity in it.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0
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