Buy to let is for amateurs

System

That Owen wants to rejoin after leaving, that could make him less electable than jezza

System

They try to generate hatered towards benefits 1- so people vote for cuts against their interest and 2- to increase the labour supply

Pincher

Glen_Clark wrote: »

With the 300 year old National Debt having doubled in the last 6 years, how much longer can the Government keep borrowing to pay the ever rising housing benefit bill?

Free vasectomy with every housing benefit application.

To illegal immigrants: we take your balls if you come to Britain.

In fact, for some crimes, like rape, why don't we take their balls instead of prison? Helps a lot with prison overcrowding. First offense, one ball, second offense, second ball. Same for ovaries, sexual equality and that.

veryintrigued

Glen_Clark wrote: »

They would have to be incredibly vain .....

Anyone who started a thread called 'Buy to Let is for amateurs' probably fits that criteria.

lush_walrus

MatthewAinsworth wrote: »

Good point, its alright if you bought previously and now benefit. Newly investing though sounds like, as you say, a more precarious position

People throughout every decade have thought that. That is the difference between those who do and those who don't. The biggest skill you need to do anything is the ability to take a risk and to think for yourself. No one on here or anywhere else is actually going to tell you a dead cert - if they have spotted it they will be doing it.

Fact is it never actually gets easier or harder you just need to check X covers Y and do it. Sure if you are buying with an idea of selling next year then one year will be better than another. Sure buying in the north may mean you won't be able to sell easy and may loose money. But if you want to buy to let you can and make money now. Areas regenerate buy there. Things change in an area, more jobs appear or something putting people off living in an area is removed (Didcot Power Station was an obvious place to invest in change when announced its closure).

I set my business up in property during a recession while I was still a student. Can you imagine the response most people had to my idea? I took the risk anyway and now years on people now assign oh it was easy back then to borrow money, things were cheap etc etc to that achievement.

Pincher

lush_walrus wrote: »

I set my business up in property during a recession while I was still a student. Can you imagine the response most people had to my idea?

There were plenty of articles over the years where the parents play guarantor, so the student buys a 3/4 bedroom house in the university town they study in, and play landlord to fellow students. Lots of parents nosing around during summer, even 30 years ago.

A lecturer around 1984 was reminiscing his Halcyon days in the 1960s. Turned up from Australia, studied at university, and bought a string of houses to rent to fellow students. Don't ask how he managed to borrow to begin with, apparently he lied, but once rent started rolling in, it has its own momentum. And then he sold it all, to start a company: big mistake. Lost it all in the seventies, and had to get a day job. If he had stayed in property, he would have some prime properties in Bayswater and Earls Court.

Some people should stick to what they are good at.
Let us assume you are with property.

BananaRepublic

Glen_Clark wrote: »

Thats what they said about Brexit. For someone who is unelectable he seems to have won a lot of elections. Enough to get the Establishment worried judging by the press campaigns against him, which like their support for remain, voters may take no notice of?

Back in reality, Corbyn does not command the support of his MPs and does not understand how to lead an organisation. Ian Duncan Smith was trashed by the press too, not because of a 'press campaign' but because he was unable to get the respect of his MPs, and had no real understanding of how to lead.

Corbyn appeals to the hardline core of the Left, but to win an election you have to appeal to the moderates, people who don't really care about politics, they just vote for who they think will make their life better. Blair, horrible man though he was and is, understood that.

System

Lush walrus - regarding risk a lot of the same things apply to shares, in fact property and shares ate more similar than they may appear, both are underpinned by demand for products, different products admittedly but some very stable nonetheless - I.e. food, shampoo, tobacco, etc - and its just a case of diversifying properly

Sticking to a field like housing is similar to sticking with food or a company making socks, safe demand wise but not necessarily rocket fuel, good enough when all you want to do with it is buy a future property or retire, its all about being sure the risk is sensible for the goals, and I think there are too many scare stories about shares from people who don't balance properly and scare people off unnecessarily

atush

Glen_Clark wrote: »

Thats what they said about Brexit. For someone who is unelectable he seems to have won a lot of elections. Enough to get the Establishment worried judging by the press campaigns against him, which like their support for remain, voters may take no notice of?

I didnt say he was unelectable to his seat (or the labor party) I said he was unelectable to run the country.

System

Banana - radicalism is gaining popularity, with brexit, trump, corbyns original success. People are going against the establishment