Is buy to let still worth it?

chucknorris

Crashy_Time wrote: »

Yep, definitely stressed.

If you say so :rotfl::rotfl::rotfl:

ukcarper

chucknorris wrote: »

If you say so :rotfl::rotfl::rotfl:

Still it must be much easier being stressed living in a nice home in Surrey wondering if you would have made a few extra thousand if you had sold your BTL earlier, than in a grotty flat share in Edinburgh wondering if your landlord is going to want you out.

padington

The weird thing is that he doesn't have property or want to buy property but is obsessed by the price of property. Imagine doing that with the price of tomatoes or space rockets or iPhones.

Just weird.

chucknorris

padington wrote: »

The weird thing is that he doesn't have property or want to buy property but is obsessed by the price of property. Imagine doing that with the price of tomatoes or space rockets or iPhones.

Just weird.

I've got an idea of how his obsession with house prices and HPI might have developed, he bought a house before the late 80's/early 90's crash, and he sold it at about the time prices recovered from that crash, that much we know. I'm guessing that he went through a period of negativity equity that seriously messed him up, and resulted in his current obsession with house prices, without actually owning one, or likely to ever buy one.

Out,_Vile_Jelly

Conrad wrote: »

Property investing is entrepreneurial and other people admire it

"Entrepreneurial" to me means inventing a product that becomes popular, identifying a niche service, modifying/popularising existing products/services, putting in many hours of graft to flog your products, having the people skills to network and get your name out there, having an eye for a particular market etc. Getting a loan to buy a property and paying an agent to let it out are hardly the actions of a shrewdie setting the world on fire with their unique genius. No offence to LLs on here, but really, come on!

Conrad

padington wrote: »

The weird thing is that he doesn't have property or want to buy property but is obsessed by the price of property. Imagine doing that with the price of tomatoes or space rockets or iPhones.

Just weird.

I'm familiar with this mentality, from my days over on housepricecrash in the early noughties.


It stems largely from envy coupled with a sense of impotence, these are the drivers behind the obsession with Landlords.


This group tend to be overly cautious by nature, certainly fear of loss is their primary concern.
They frame their personality type as smart and realistic, well informed. Girlfriends are regaled with an over-confident anti property investing monolog which at first the girlfriend thinks sounds quite reasonable.


Imagine how they feel as they become aware of friends / acquaintances that they deem are not as informed and smart, have built considerable equity.
This undermines their sense of self, worst still the girlfriend starts to wonder why all her mates managed to find a bloke that had no fear of property and are now enjoying its fruits


The sense of injustice eats them inside out.


Thus they embark on a quest to correct this injustice by whatever means possible - typically internet rants.


During this time, people they know gain even more 'lucky' property riches. How can this be? Don't these fools realise a crash is about to wipe them out? Rinse repeat. But the crash never comes. Whilst prices may have temporarily reduced, somehow 'those fools' are now sitting on goldmines of property equity.


Leveraging means property owners become exposed to very significant capital gains whilst our 'informed' friend with his Saffron Walden Building Society Ladybird ISA account has gained comparably little.


His 'smart' investing and market timing prowess have resulted in £100k in an ISA, but his dumb mate that bought an ex council flat in Moorgate in 2010 for £250k (fool), has now gained £450k, plus rent, grrrr


He feels a sense of emasculation - deep down the gnawing feeling he didn't have the bottle for property whereas luck favoured 'the brave' that just got on with property investing and didn't over-think it.


This sense he was cowed and overly timid feeds ever growing resentment.

Conrad

Out,_Vile_Jelly wrote: »

"Entrepreneurial" to me means inventing a product that becomes popular, identifying a niche service, modifying/popularising existing products/services, putting in many hours of graft to flog your products, having the people skills to network and get your name out there, having an eye for a particular market etc. Getting a loan to buy a property and paying an agent to let it out are hardly the actions of a shrewdie setting the world on fire with their unique genius. No offence to LLs on here, but really, come on!

You are correct of course, I was being a little cheeky.


Setting up a successful proper firm (esp manufacturing / exporting) takes incredible energy and great skills.


None the less property portfolio owners are generally accorded with considerable respect - I see it all the time (not talking about myself, I keep my affairs very quiet unless pressed).

Crashy_Time

Conrad wrote: »

I'm familiar with this mentality, from my days over on housepricecrash in the early noughties.


It stems largely from envy coupled with a sense of impotence, these are the drivers behind the obsession with Landlords.


This group tend to be overly cautious by nature, certainly fear of loss is their primary concern.
They frame their personality type as smart and realistic, well informed. Girlfriends are regaled with an over-confident anti property investing monolog which at first the girlfriend thinks sounds quite reasonable.


Imagine how they feel as they become aware of friends / acquaintances that they deem are not as informed and smart, have built considerable equity.
This undermines their sense of self, worst still the girlfriend starts to wonder why all her mates managed to find a bloke that had no fear of property and are now enjoying its fruits


The sense of injustice eats them inside out.


Thus they embark on a quest to correct this injustice by whatever means possible - typically internet rants.


During this time, people they know gain even more 'lucky' property riches. How can this be? Don't these fools realise a crash is about to wipe them out? Rinse repeat. But the crash never comes. Whilst prices may have temporarily reduced, somehow 'those fools' are now sitting on goldmines of property equity.


Leveraging means property owners become exposed to very significant capital gains whilst our 'informed' friend with his Saffron Walden Building Society Ladybird ISA account has gained comparably little.


His 'smart' investing and market timing prowess have resulted in £100k in an ISA, but his dumb mate that bought an ex council flat in Moorgate in 2010 for £250k (fool), has now gained £450k, plus rent, grrrr


He feels a sense of emasculation - deep down the gnawing feeling he didn't have the bottle for property whereas luck favoured 'the brave' that just got on with property investing and didn't over-think it.


This sense he was cowed and overly timid feeds ever growing resentment.

At least on HPC more than ten people were reading your drivel....:rotfl:Banging away about property on the internet since the early Noughties.... and now 30,000 posts on a sub sub forum nobody reads......wow....respect due!

westernpromise

So why are you and your 130% BCR here?

Which is worse, a forum nobody reads or one where disagreement with the groupthink gets you banned?

Conrad

Crashy_Time wrote: »

At least on HPC more than ten people were reading your drivel....:rotfl:Banging away about property on the internet since the early Noughties.... and now 30,000 posts on a sub sub forum nobody reads......wow....respect due!

Women like Men of action and courage, not nerds that dine on Pot Noodles and gaze at their Earybird Saver passbook.