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Is buying a house a good idea?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    shirlgirl2004 wrote: »
    May sell up but most aren't. Some may sell one or two properties to pay down loans on others but other landlords are picking those up.


    How do you know this, for the entire country?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    jimbog wrote: »
    Resulting in yet more pressure on rents.


    Houses/flats don`t disappear into another time dimension when a landlord sells them ;)
  • shirlgirl2004
    shirlgirl2004 Posts: 2,983 Forumite
    Part of the Furniture Combo Breaker
    Crashy_Time wrote: »
    How do you know this, for the entire country?
    I'm a landlord and I converse with landlords throughout the country.
  • shirlgirl2004
    shirlgirl2004 Posts: 2,983 Forumite
    Part of the Furniture Combo Breaker
    Crashy_Time wrote: »
    Houses/flats don`t disappear into another time dimension when a landlord sells them ;)
    Most people renting could afford the mortgage what they don't have is the deposit. Those that don't have the deposit now won't have the deposit IF house prices drop.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    shirlgirl2004 wrote: »
    I'm a landlord and I converse with landlords throughout the country.


    So do I.


    https://www.property118.com/section-24-will-make-bankrupt/
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    shirlgirl2004 wrote: »
    Most people renting could afford the mortgage what they don't have is the deposit. Those that don't have the deposit now won't have the deposit IF house prices drop.


    Do you also converse with tenants throughout the country?
  • shirlgirl2004
    shirlgirl2004 Posts: 2,983 Forumite
    Part of the Furniture Combo Breaker
    Crashy_Time wrote: »
    Do you also converse with tenants throughout the country?

    Why will conversing with them mean I learn where the magic money tree is? I'm assuming that's where they'll suddenly find the money for a deposit from.
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    edited 3 April 2018 at 8:07PM
    Crashy_Time wrote: »
    So do I.


    https://www.property118.com/section-24-will-make-bankrupt/

    There are a small minority that are shouting, but the vast majority are relatively unaffected or adapting... By the way conversing with landlords does not mean reading property118... Im totally with Shirlgirl, very few are totally exiting and only willing to sell at a relatively decent price to protect themselves rather than being particularly forced.

    I also don't believe any landlord would be able to put up with your incessant rantings about a crash for years....
  • Mickygg
    Mickygg Posts: 1,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Return to a thread and see yet again crashy has ruined it.

    If everyone ignored or blocked him he would go back to his lonely one bed rented bed sit and post his nonsense somewhere else.

    Crashy you didn't reply do you want the number of someone who works at my place he is just like you and posts rubbish as he has nothing else to do or concentrate on and is so bitter he hasnt bought a place by late forties?

    I don't know why I'm asking as I know I'll see a post from crashy in the form of a link to a house price crash website instead.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    shirlgirl2004 wrote: »
    Why will conversing with them mean I learn where the magic money tree is? I'm assuming that's where they'll suddenly find the money for a deposit from.


    Looks like more and more people are getting lost on the way to the magic money tree ;)


    http://www.propertyindustryeye.com/property-registrations-plummet-by-a-quarter-in-february/
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