Is now really a bad time to buy?

MobileSaver

Crashy_Time said:

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak?

Obviously everything affects everything in this interconnected world we now live in but as transactions have remained at around 100,000 a month for the last five years then some people staying at home has clearly not affected anything significantly; especially true when you consider that transactions were only around 80,000 a month for the five or so years before that!

Crashy_Time said:

the much smaller pool of clients that that will result ... plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here,

The number of foreigners who holiday in the UK roughly matches the number of Brits who holiday abroad. You can't have it both ways; if tourists can't come here then Brits can't travel overseas and so will holiday in the UK instead.

Of course there is also the small matter of Boris's pledge to give 2.8 million Hong Kong citizens the right to live in the UK... do you think that will create more or less demand for UK property?

Crashy_Time said:

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! ... so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

They may not both buy another house but they both certainly need to live somewhere whether that be buying or renting it will be two properties instead of one; you are totally kidding yourself if you think a significant number of newly divorced couples are going to move back in with their parents!

Parking_Eyerate

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Crashy_Time

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

RelievedSheff

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

Where do you get yours from because it is at complete odds with what everyone else is seeing?

Crashy_Time

RelievedSheff said:

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

Where do you get yours from because it is at complete odds with what everyone else is seeing?

BBC, where else?
https://www.bbc.co.uk/news/business-53060529

Parking_Eyerate

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

You really should congratulate yourself on trying your best to divert attention again. Let me be the first to acknowledge how much effort you put in, well done!!

Parking_Eyerate

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

Where do you get yours from because it is at complete odds with what everyone else is seeing?

BBC, where else?
https://www.bbc.co.uk/news/business-53060529

An article that says nothing about your guaranteed 'flood' of buy to let and AirBnB properties. Yet again I congratulate you!

RelievedSheff

Parking_Eyerate said:

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

Where do you get yours from because it is at complete odds with what everyone else is seeing?

BBC, where else?
https://www.bbc.co.uk/news/business-53060529

An article that says nothing about your guaranteed 'flood' of buy to let and AirBnB properties. Yet again I congratulate you!

Indeed. An article about 600k people losing their jobs which for some really odd reason seems to make Crashy Happy.

A very odd man indeed.

Norman_Castle

RelievedSheff said:

Parking_Eyerate said:

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Transactions are way down from their peak precisely because more and more younger people were just staying at home as house prices got sillier and sillier. Don`t you see the connection between demand for rental flats and wages/jobs/number of students? Do you see the eviction ban/rent holidays lasting forever?

Younger people already staying at home doesn't affect the housing market one iota; transactions have been at 100,000 a month for years.

You haven't even remotely explained how the market will be "flooded" by landlords with suddenly "empty flats", possibly because you've realised it was a silly thing to say?  

Yes there are a lot of young people renting and some will move back home. However to counter that you have the given that

1) holidaying abroad for many people will be a thing of the past for the foreseeable future so demand for short term lets will rise, plus

2) things like divorce legal enquiries are up 40% during the pandemic; that's going to be a lot of two-person households that suddenly need two properties for the same number of people...

If anything there's going to be a shortage of rentals and rents are going to start rising; if you ask me, now is a really bad time to be renting and paying your landlord's mortgage instead of your own.

So according to you prices getting more out of reach and more and more people staying at home has no bearing on the large drop in transactions from the peak? What is mainly responsible for the drop in transactions in your opinion?

1) You have no idea how holidaying abroad will pan out in future, and short term lets won`t save the BTL market which relies on LONG term rents to pay the bank for the BTL mortgage (or mortgages) plus short term lets will be competing with B+B`s and chain hotels desperately price cutting to stay afloat, plus the fact that if things are so bad that UK people don`t go abroad then tourists won`t be coming here, can`t see the AirBnB crowd being able to compete on price to attract the much smaller pool of clients that that will result in because many of them are highly leveraged.

2) The last thing a squabbling couple is going to do is rush out and buy yet another overpriced new-build or high rise shoebox! In many cases they will have been down the back of the couch to scrape up a deposit for the present Happy Home, and lending is definitely tightening so one paycheck might not cut it anymore, much more likely is that one of them goes to the parents and they squabble long distance over who gets the house, and if lockdown ends many of them will get back together again so that desperate avenue of argument isn`t going to hold much water either I`m afraid!

1) You similarly have no idea how holidaying will pan out in the future or the size of the ‘staycation’ market, and I also suspect that you have no idea of the extent of leveraging of AirBnB property owners or their ability to compete on price, or whether they will all even need to lower prices. Nevertheless, you still confidently assert that there will undoubtedly be a ‘flood’ of AirBnB properties coming to the market everywhere because you assume that everyone’s business will crash and many must be highly leveraged. Is that just because you hate people that use leverage to buy property? It really sounds like it and unfortunately it appears that your vested interest (VI) condition is driving your conclusions again.
2) Nobody said that a squabbling couple would rush out and buy a second property, that’s yet another strawman argument. However, an increase in the rate of relationship breakdowns has been reported to be a cause of an increase in rental demand, and given that complaints of domestic abuse have, very sadly, risen quite significantly during lockdown, it is logical to conclude that a lot of relationships have suffered greatly (though hopefully it remains only a very small proportion of cases that have degenerated into domestic abuse). It’s quite notable how bitter you sound about couples that have managed to buy a house but then, when it suits you, you assert that many will get back together once lockdown ends. Really, do you have any idea what proportion of couples reconcile in normal circumstances and can you explain why you think lockdown breakups might be especially short lived? Lockdown highlighted fractures in relationships but of course they’ll all just get back together once lockdown ends to ensure that there is definitely a flood of buy to let properties on the market. Maybe you should go into relationship counselling.

Sounds like you get most of your information from SKY news TBH.

Where do you get yours from because it is at complete odds with what everyone else is seeing?

BBC, where else?
https://www.bbc.co.uk/news/business-53060529

An article that says nothing about your guaranteed 'flood' of buy to let and AirBnB properties. Yet again I congratulate you!

Indeed. An article about 600k people losing their jobs which for some really odd reason seems to make Crashy Happy.

A very odd man indeed.

A global pandemic and the resulting fallout seems to give him hope his choice to invest outside property might be justified.

It would be interesting to see a comparison but I wouldn't trust these results.

Crashy_Time

Parking_Eyerate said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

 it is the pressure on BTL and Airbnb that will flood the market as hanging on to where you live is one thing while paying council tax on an empty flat is quite another.

Why will there be a significant number of empty flats in the future? Where will all these people currently living in them live instead?

Most people of reasonable intelligence could come up with one reason (clue, it starts with "R") and maybe four of five places the people could be - I`ll start off with  1) At their parents. - Can you really not think of any more?

Interestingly, apparently the lockdown has helped fuel an increase in rental demand from some. I’m sure it may be different in different areas etc. but it does indicate that there is no one size fits all theory or answer to this situation.
https://www.bbc.co.uk/news/uk-england-52847319
So some places might have a ‘flood’ of BTL or AirBnB properties as you put it (you do seem to be salivating a bit over the idea), but others might not. Do you actually think you can reliably predict everything about what will happen everywhere?

The out of work banker on UC should raise red flags for anyone paying attention.