Buy to let - or to lose?

IveSeenTheLight

carolt wrote: »

You need to get some glasses dear

I do wear glasses, I thought you have been waiting since 2002, hence the 6 years you have been waiting

carolt wrote: »

You Along with all sensible buyers, I'm sitting this one out - I'll wait until prices have fallen to affordable levels before I would even consider buying.

I understand, if its not affordable to you then you don't buy. I wouldn't consider saying you should. Everyone needs to look at their own areas

carolt wrote: »

What about you up in Scotland? Are you planning to keep on your buy-to-lets in the light of today's news from RICS that prices are predicted to fall there too?

Of course I plan to keep them.:D
These are long term investments, not short term ones.:T
I am not banking on HPI for the investments.:beer:

Last crash, prices dropped 9.08% from peak to trough in my area, all in one year (1993), so it did lag from the UK, but it also did not drop by so much.

The UK average dropped approx 40% between 1989 and 1996, but when you look at regional variances the figures are quite different.

I looked at various random areas and found that many were the same (some slightly worse) but the worst area were in the London boroughs.
I therefore believe that London prices vastly affect the UK average and cannot be viewed as what is happening locally

In my area between 1989 and 1996 the properties on average increase 57%, a much different picture to the UK average during the same period.