Moneyweek: Why the buy-to-let carnage is just beginning.

chucknorris

Blacklight wrote: »

This is the same moneyweek that advised everyone in Jan 2009 at the bottom of the market to get out of property, rent any buy later:

Property: is it better to trade up or get out?

Jan 23, 2009

Hamptons International believes the chance to buy a bigger property more cheaply is the "number-one reason to sell at the moment". But a deal-starved estate agent would say that and we're not sure he's right. Selling, renting and then waiting may be a better bet.

Best of all, there are so many sellers out there holding out for price rises by renting out their properties that tenants are being spoilt both in terms of choice and price. In London, for example, residential rents fell as much as 15% last year due to new properties flooding the market

House prices went up at that point and rents rocketed.

moneyweek lol

KABOOM! Wow that could almost challenge Capital Economics for giving poor advice/forecasting.

geneer

RenovationMan wrote: »

As we also have some discussions about the impending demise of BTL due to 'rising mortgage rates', I think it's useful to see similar predictions from the past and see how they panned out.

Did BTL go under as described?

Here we go. Yet another silly boy who likes to pretentd that the btl industry is the same as it ever was

geneer

Blacklight wrote: »

This is the same moneyweek that advised everyone in Jan 2009 at the bottom of the market to get out of property, rent any buy later:

Property: is it better to trade up or get out?

Jan 23, 2009

Hamptons International believes the chance to buy a bigger property more cheaply is the "number-one reason to sell at the moment". But a deal-starved estate agent would say that and we're not sure he's right. Selling, renting and then waiting may be a better bet.

Best of all, there are so many sellers out there holding out for price rises by renting out their properties that tenants are being spoilt both in terms of choice and price. In London, for example, residential rents fell as much as 15% last year due to new properties flooding the market

House prices went up at that point and rents rocketed.

moneyweek lol

You appear to be mistaking moneyweek for hampton international. I bet you thought barry norman made all the films too.

Pimperne1

Flight2quality wrote: »

Hamish why are so many on here against you? Do you ever wonder?

I had this PM but you will never know who...

Hi flight

I admire you bothering to post on a forum infested with property bulls who can't cope & thus resort to ridicule. However may I say you are wasting your energy by doing so?
Cgnao started here (on 'savings') in 2004 warning of the collapse & only gold will protect etc, & still investment 'advice' consists of comparing ISAs !!
Hamish always goes for ridicule but if you throw it back at him he goes off whinging & gets the post (or thread) removed. So why bother? Why not join a forum like purely for example ) 24knews ? & leave these idiots to themselves.
None of my business & I'm totally out of order.
Best wishes

?????

Why would someone address such a PM to you - if you'll forgive me, a relative nonentity on the site?

Blacklight

geneer wrote: »

You appear to be mistaking moneyweek for hampton international. I bet you thought barry norman made all the films too.

You appear not to be able to read very well.

Thrugelmir

RenovationMan wrote: »

As we also have some discussions about the impending demise of BTL due to 'rising mortgage rates', I think it's useful to see similar predictions from the past and see how they panned out.

Did BTL go under as described?

Where's B&B now? How many interest only mortgages are on their books still?

wotsthat

Thrugelmir wrote: »

Where's B&B now? How many interest only mortgages are on their books still?

The mortgage part of the business is government owned.

I expect the IO mortgage side of the business is a bigger proportion of the outstanding debt as the repayment customers pay down debt.

The BTL owners are in a better position than B&B found themselves in.

RenovationMan

Thrugelmir wrote: »

Where's B&B now? How many interest only mortgages are on their books still?

You're the master of the Magician's misdirection, Thrugelmir.

Misdirection is a form of deception in which the attention of an audience is focused on one thing in order to distract its attention from another. The term is used to describe either the effect (the victim's focus on an unimportant object) or the sleight of hand or patter (the magician's speech) that creates it. Misdirection refers usually to a temporary shift of attention to cover a move, lasting about one second (visual misdirection : in that case visual effects are needed), for example looking one's watch while secretly cutting a deck of cards with the other hand.

Nowhere in my post did I mention B&B, yet you quote it anyway and try to move the discussion onto Bear solid ground. Brilliant.

geneer

Blacklight wrote: »

You appear not to be able to read very well.

It is difficult if I can't read the actual article.

IveSeenTheLight

RenovationMan wrote: »

Did BTL go under as described?

On the contrary, according to CML, it's still expanding.