Should I be wary buying a house in the current climate?

MobileSaver

stehouk said:

The herd that were  panic buying have  started panic selling in my area, 43 new properties since monday, that is more than in the last 5 months,

I'm sorry but that just has to be fake news! Who on earth would put their houses on the market right now when no one can come and view it.

You are scaremongering and I simply do not believe you.

MobileSaver

Crashy_Time said:

Do you now regret not selling all your rental properties last year?

I suspect the vast majority of landlords will have no regrets about not selling up and will continue to enjoy the rental income people like you keep paying month after month.

stehouk

MobileSaver said:

stehouk said:

The herd that were  panic buying have  started panic selling in my area, 43 new properties since monday, that is more than in the last 5 months,

I'm sorry but that just has to be fake news! Who on earth would put their houses on the market right now when no one can come and view it.

You are scaremongering and I simply do not believe you.

I read that some thought rightmove should be closed for the time being and that estate agents are not accepting viewings at the moment but through some online agents people could arrange private viewings, worlds gone mad, who can explain any human behaviour at this time.

triathlon

MobileSaver said:

stehouk said:

The herd that were  panic buying have  started panic selling in my area, 43 new properties since monday, that is more than in the last 5 months,

I'm sorry but that just has to be fake news! Who on earth would put their houses on the market right now when no one can come and view it.

You are scaremongering and I simply do not believe you.

I thought the same thing, but I just cannot be bothered on this board sometimes and with some of posters/sockies. You can almost sense some people rubbing their hands and twiddling their moustaches . Most peoples minds are on the wellbeing of close friends and family and the country in general, a few are circling like vultures.

If I lose a few Bob over this so be it, but I would exchange that for 100% of people to come through this OK

Thrugelmir

MobileSaver said:

Crashy_Time said:

Do you now regret not selling all your rental properties last year?

I suspect the vast majority of landlords will have no regrets about not selling up and will continue to enjoy the rental income people like you keep paying month after month.

Or struggle themselves when their tenants default on the rent having lost their job. Perhaps compulsory redundancy insurance should be a requirement for tenants.
The arrears from the holidays may never be repaid. Highly leveraged LL's may hit a tipping point. 

lisyloo

Thrugelmir said:

MobileSaver said:

Crashy_Time said:

Do you now regret not selling all your rental properties last year?

I suspect the vast majority of landlords will have no regrets about not selling up and will continue to enjoy the rental income people like you keep paying month after month.

Or struggle themselves when their tenants default on the rent having lost their job. Perhaps compulsory redundancy insurance should be a requirement for tenants.
The arrears from the holidays may never be repaid. Highly leveraged LL's may hit a tipping point. 

Its the same as always though isn't it.

Those who are overleveraged and not diversified are going to do badly.

Those who are not highly leveraged with several income streams will be ok.

That's not particular to landlords.

Why assume all landlords are at the highly leveraged end when many or not? There's a whole spectrum out there as there are with the employed and self-employed or any group you care to mention.
I don't see any issue particular to landlords here that doesn't appy to lots of other groups.