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Is buying a house a good idea?
Comments
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This is true. So up goes your rent
Doesn`t work like that, only very inexperienced landlords would attempt rent rises in what is nearly a recessionary environment. Smart landlords bought years ago, or made big over-payments when rates were dropped to near zero, they know that interest rate rises with little wage growth when housing benefits are being cut = voids if the rent is too high
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Not true Crashy, rents are rising.Crashy_Time wrote: »Doesn`t work like that, only very inexperienced landlords would attempt rent rises in what is nearly a recessionary environment. Smart landlords bought years ago, or made big over-payments when rates were dropped to near zero, they know that interest rate rises with little wage growth when housing benefits are being cut = voids if the rent is too high
http://www.bmmagazine.co.uk/news/uk-rents-rise-london-bounces-back-growth/0 -
shirlgirl2004 wrote: »Not true Crashy, rents are rising.
http://www.bmmagazine.co.uk/news/uk-rents-rise-london-bounces-back-growth/
"this is still £16 a month shy of the £1,893 record set in May 2016.
Much has been made of the sinking rents in London, which have fallen in every month since that record was hit in May 2016"
Interest rates have not moved much yet, and the amount of high street brands going bust points to increased stress in credit markets, these figures will be very different in the future IMO.0 -
Crashy_Time wrote: »But if as you said avoiding/offsetting this tax was just a simple matter of becoming a Ltd co. or raising rents then why would people bother shouting about it on Facebook or petitioning Parliament? The answer of course is that many landlords won`t be able to avoid the tax by these means.
What is more profitable is to maintain the pre sec 24 stance. Putting properties in Ltd Co brings a whole host of other issues such as CGT and paying tax on salary/dividends.0 -
shirlgirl2004 wrote: »What is more profitable is to maintain the pre sec 24 stance. Putting properties in Ltd Co brings a whole host of other issues such as CGT and paying tax on salary/dividends.
Which is why many landlords won`t go that route and may sell up instead.0 -
As the article says 15.5% rise in 5 years is quite hefty but still probable. London has had a correction on rents and off it goes again. The £16 it was short of the record a month ago has probably already been surpassed now we're in April 2 months on.Crashy_Time wrote: »"this is still £16 a month shy of the £1,893 record set in May 2016.
Much has been made of the sinking rents in London, which have fallen in every month since that record was hit in May 2016"
Interest rates have not moved much yet, and the amount of high street brands going bust points to increased stress in credit markets, these figures will be very different in the future IMO.0 -
Crashy_Time wrote: »Which is why many landlords won`t go that route and may sell up instead.
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.0 -
Crashy_Time wrote: »many landlords won`t go that route and may sell up instead.
Resulting in yet more pressure on rents.Gather ye rosebuds while ye may0 -
shirlgirl2004 wrote: »Not true Crashy, rents are rising.
http://www.bmmagazine.co.uk/news/uk-rents-rise-london-bounces-back-growth/
Crashy's landlord hasn't put his rent up in 10 years, so this is a moot point for him.
If you are interested in seeing more of Crashy's true colours, and complete contempt for homebuyers, head on over to the !!!!!s at housepricecrash where he posts as Dances with Sheeple (the people are all sheep in his learned view)0 -
Crashy's landlord hasn't put his rent up in 10 years, so this is a moot point for him.
If you are interested in seeing more of Crashy's true colours, and complete contempt for homebuyers, head on over to the !!!!!s at housepricecrash where he posts as Dances with Sheeple (the people are all sheep in his learned view)
I'd hate to see the state of Crashy's digs if the landlord hasn't put the rent up in 10 years. To maintain a house/flat costs a lot of money.0
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