Btl

carolt

pickles110564 wrote: »

Wouldn't that be great? I would snap up several more BTL's, bring it on!:T :T :T :j :j :j

And who would rent all these BTL from you, given that all the frustrated FTB's would now be able to buy their own properties, and the immigrants would have disappeared back home as the economy crumbled?


Oh, I've got it! You'd be housing all the homeless ex-BTL landlords who've had their homes repossessed and can't find anywhere else to live! Hope you'd give them a nice discount.... :rotfl::rotfl::rotfl:

carolt

Oh, and real1314, that was a particularly infantile post.

Why don't you wait and see, before making predictions that neither of us can verify. I wouldn't have predicted rises of 500% 10 years ago - and I doubt you would have done either - and I'm not going to predict falls of 50% now either. I simply pointed out the bleeding obvious that seems to have escaped some posters - that if the one is possible, so is the other.

After all, my suggestion that UK house prices might be overvalued by 50% is only one made in recent weeks by the IMF, published in front-page stories in the Times, Financial Times, Telegraph etc.

But heck, what do they know.

They've got nothing on you and your crystal ball......

SquatNow

IveSeenTheLight wrote: »

:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:
For my properties to go less than 90% LTV would mean valuation drops of approx 56% & 62%.
It just aint going to happen that far

:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:
:rotfl:

We'll quote you again in 18 months... if you can still afford internet. Or food.

real1314

carolt wrote: »

Oh, and real1314, that was a particularly infantile post.

Why don't you wait and see, before making predictions that neither of us can verify. I wouldn't have predicted rises of 500% 10 years ago - and I doubt you would have done either - and I'm not going to predict falls of 50% now either. I simply pointed out the bleeding obvious that seems to have escaped some posters - that if the one is possible, so is the other.

After all, my suggestion that UK house prices might be overvalued by 50% is only one made in recent weeks by the IMF, published in front-page stories in the Times, Financial Times, Telegraph etc.

But heck, what do they know.

They've got nothing on you and your crystal ball......

Is it infantile to make predictions that neither of us can see? Well, that's what you did with your prediction that prices could easily drop by 50%.
I wasn't being infantile at all, just seeing if you really though it was a viable prediction, which you clearly don't.

And your assertion that "if the one is possible, then so is the other" makes no sense either. The rises seen over tghe last 10 years initially followed a period of declining and then stagnant prices, so there was clearly a potential rise there anyway. It was then fuelled by an improved economy, and an increased public desire to improve their housing by moving or improving. What indicators are there to genuinely justify a 50% drop over 10 years whislt inflation runs at 2.5-3% pa?

Your prediction is so far off the mark. It would see a situation where the starter homes near me that are currently about 3.3 x local average earnig fall to 1.3 x average local earnings with inflation of just 2.5%.

If you think I'm infantile to suggest you're wrong, well then perhaps you should climb back into your pram.

carolt

Ooops - thanks certainly not meant!

Now where was I?

Oh yes, I think you were challenging me to a fight in the playground or some such thing.

Grow up....

When you've learnt to read, read my post properly, and you'll see that I simply reiterated my original point, which I stand by.

Until you can read, there seems little point in debating this any further.

Happy to differ. Grow up and leave it alone.

real1314

Well differ off then and stop with the childish stuff. You started off with infantile and you're now talking about the playground. and you've used "grow up" too. is it 1984 again? Boring. :j


50% drop over the next 10 years

real1314

Well differ off then and stop with the childish stuff. You started off with infantile and you're now talking about the playground. and you've used "grow up" too. is it 1984 again? Boring. :j


50% drop over the next 10 years and as for the 500% rises, well, I think they are not just few and far between, but fewer and further between.

There's no properties around my way for £150k that were £30k in '97.

There might be a few properties that were £10k and are now £50k in some places, but they aren't really anything to do with property price inflation in any way.

carolt

Happy to have a serious discussion.

The maisonette I used to rent in Ealing in West London I know for a fact was on the market in 1996 for 62K. I saw two identical ones (they're all identical - whole street is the same) on sale last week advertised for 325K.

Or another house I know - also in London - bought for 180K in 1989, price went down (identical next door neighbours sold) to 150K in 1992. Now worth just shy of 1 million. Obviously, that's a 15 year timescale, but from what I recall, the house prices did not rise a huge amount between 1992-1997, if at all.

Or another one - a 1 bed flat in Hammersmith for £40K in mid-90's. Don't know how much that is worth now, but I doubt you'd get under 200K now.

Or what would you give me now for a nice 2 bed flat in a quiet street in Belsize Park - bought for 80K in mid 90's again? Don't know but I would guess this would be the biggest riser of the lot - 500K? Any guesses?

I could go on and on (I won't).

500% price rises have occurred in London areas, without doubt. Obviously the London market has risen higher as affected by the City, international factors that wouldn't ripple out as far as where you live.

That said, where London leads, the rest of the country tends to follow.