Labour = lower rents and house prices

Thrugelmir

More likely a Labour and SNP coalition.......:snow_laug

MobileSaver

Crashy_Time wrote: »

The vast majority of people who piled into BTL ... if the economy goes South they are going to be in big trouble IMO.

If the economy goes South, as many here have pointed out for a long time, an awful lot of people are going to be in big trouble regardless of whether they are a landlord, owner-occupier or a renter.

This delusion of a house price crash that happens in complete isolation to the wider economy and only affects BTLs and Boomers is clearly nonsensical.

Crashy_Time wrote: »

Also your constant use of the phrase Crash Troll tells everyone that you just want more and more property bubbles IMO

A typical retort from a HPC extremist. You simply cannot understand that just because someone disagrees with your HPC theories that must mean they want and expect HPI forever; the reality is that most sane, rational people expect house prices to stay broadly flat for the foreseeable future with prices going up and down a little from month to month.

Crashy_Time

MobileSaver wrote: »

If the economy goes South, as many here have pointed out for a long time, an awful lot of people are going to be in big trouble regardless of whether they are a landlord, owner-occupier or a renter.

This delusion of a house price crash that happens in complete isolation to the wider economy and only affects BTLs and Boomers is clearly nonsensical.



A typical retort from a HPC extremist. You simply cannot understand that just because someone disagrees with your HPC theories that must mean they want and expect HPI forever; the reality is that most sane, rational people expect house prices to stay broadly flat for the foreseeable future with prices going up and down a little from month to month.

Someone carrying mortgage debt on main home and BTL`s, or hoping to sell for retirement/downsizing is in a trickier position than most in a recession IMO, and can you tell me about the last property downturn where prices stayed "broadly flat"?

The-Joker

chucknorris wrote: »

What on earth are you going on about? I can't even begin to guess what you mean?

I have got more than twice invested in equities as what I have in investment property, and I also have now got more invested both in in bonds and fixed pension than I have in property, it is nowhere near a dominant feature in my portfolio like it once was.

You sound like many former perma property bulls, you have accepted that a large property correction is very likely very soon

lisyloo

Crashy_Time wrote: »

Not long ago you thought this vote would be overturned?

When the facts change I change my mind, what do you do sir?

We had a paralysed parliament and we are heading for a Tory majority (that’s the most likely outcome not my desire).

lisyloo

Crashy_Time wrote: »

Why would someone do that to leave France? Also your constant use of the phrase Crash Troll tells everyone that you just want more and more property bubbles IMO,and as I have said many times....EXPENSIVE PROPERTY DOES NOT HELP ORDINARY PEOPLE IN ANY WAY SHAPE OR FORM, the property bubble helped banks, bankers, and politicians (who could hide lack of meaningful wage growth behind mad property gainz!! #WooHoo.com)

Non Eu migrants frequently come from France all the time, every day. There are many reasons why, some are feeling war, persecution etc. Some are economics migrants and some are refugees seeking asylum.

No, most of us aren’t “perma prop bulls”. Most of us have a balanced view that property goes up and down and many of us are realistic that we cannot time the market.

I don’t want bubbles or ever increasing prices.

You only seem to see things in black and white.
It’s possible to own a home and even investment property without expecting it to be an ever increasing asset.
Most homeowners just think it’s a better bet than renting long term.

You are seeing things in very black and white terms with no room for a spectrum of opinion.

I have never been interested in being a lanlord but I accept the fact that a lot of people have made a lot of money and might still do on properties bought in the past. I personally don’t think it’s a good idea at today’s prices but I’m told by experienced landlords that there are exceptions.

chucknorris

The-Joker wrote: »

You sound like many former perma property bulls, you have accepted that a large property correction is very likely very soon

If you read my posts. you have have known that from a strictly financial point of view I would have been better staying in property!

Are you really this foolish? Property corrections happen periodically, that is why I took advantage of investing during downturns. Corrections are the sensible property investors friend (not enemy!), although I realise that you do not have the low level of intellect to accept that even when it is pointed out to you!

You know what? I struggle to believe that even someone as foolish as you actually believes what you actually type. Because it is ground breaking foolishness.

adindas

Crashy_Time wrote: »

There will be less immigrants happy to sleep 6 to a room after Brexit IMO, they won`t be in the country, so that isn`t going to save the property market.

I think it is worthy if you get the house at the right price.
One of the main advantage with BTL is the leverage that you will get in the business using the bank money with relatively low interest.

Which bank are going to borrow you money of £200k (say) with interest of about 3% (say)

The main attractiveness here is that the capital gain. In over a decade the price of house will be much higher than the purchase price. I think that is the reason why many foreign buyers buying properties in London and let it empty unoccupied. They are just relying on the capital gain.

Crashy_Time

lisyloo wrote: »

Non Eu migrants frequently come from France all the time, every day. There are many reasons why, some are feeling war, persecution etc. Some are economics migrants and some are refugees seeking asylum.

No, most of us aren’t “perma prop bulls”. Most of us have a balanced view that property goes up and down and many of us are realistic that we cannot time the market.

I don’t want bubbles or ever increasing prices.

You only seem to see things in black and white.
It’s possible to own a home and even investment property without expecting it to be an ever increasing asset.
Most homeowners just think it’s a better bet than renting long term.

You are seeing things in very black and white terms with no room for a spectrum of opinion.

I have never been interested in being a lanlord but I accept the fact that a lot of people have made a lot of money and might still do on properties bought in the past. I personally don’t think it’s a good idea at today’s prices but I’m told by experienced landlords that there are exceptions.

I don`t care if people are landlords, in fact landlords have provided me with very nice and very reasonably priced places to live for years, all I am saying is that property is in a bubble and that is in no way for the benefit of ordinary people. I wouldn`t count JC out yet either BTW.


Still interested in hearing about the last property downturn where prices stayed "broadly flat" from another poster, or anyone who wants to comment.........

GreatApe

Almost everyone is eventually given a social home or buys their own

Private rental is only about 20% of households but this is a transitional tenure which means if you look at just long term renters the figure is below 5%

This is to say the market is working perfectly fine
People are not trapped in long term rentals.
The ratio of owners social and private renters is quite good and functional for what we need

If only more people understood this simple concept

The same is true for unemployment
It's about 4% or some 1.5 million people
Well it's still roughly Gona be 4% and 1.5 million people in a years time but it's going to be mostly a different set of 1.5 million people. People lose their jobs and find jobs the unemployment rate is an indication of flow. Again if you look at long term unemployed it's closer to 1%


Who to blame for this?
The left the right the media?
Surely people would start getting it by now
But I've posted this a hundred times on here and the same commentators keep making the same mistakes
I guess people don't want to learn