Buy to let DOOM

[scooterscot]

Was around at the wife's Aunties property at the weekend

I just stopped there. Don't want to know.

[ChimpMaster]

Was around at the wife's Aunties property at the weekend that has just finished being refurbed - looks good and while we were there the next door neighbours visited - they are an Eastern European family renting, and their landlord is selling up, so were enquiring if the maisonette was being sold or being rented as they would like to stay in the area
The owners of the maisonette above the Aunties (who had just sold theirs for a crazy amount of money) said they were a lovely family and kept the property spotless - so she told the EE's to go through the agent and it looks like a done deal

Annoyingly this is contrary to my belief that we should exit the EU which would mean no more EU migrants to fill our properties - quite a dilemma

What?! That's like a contractor finding their own gig and then calling up a random agent to give them a cut. Estate agents will do next to nothing for their 10% fee.

[ChimpMaster]

Just in the process of selling our place. Nothing to do with the change in policy, however.

So if all this property comes on the market we'll have ourselves weak demand and supply swells, rental prices collapse a little, profits fall, rates go up.

Yes, it's doom.

No doom while interest rates are so low - and I reckon they will stay low for years yet - so there will not be a house price collapse, though I expect it will moderate and (I hope) cool off a bit.

House price rises like the past 3 or 4 years don't help anyone, except big investors who are cashing out. As an investor I no longer find decent ROI, even though property is the only area in which you can still get yields of any sort. As a home owner I cannot afford to move up the ladder because the next leg up is out of reach and the stamp duty is a killer on it.

[scooterscot]

I agree, ROI is not what it used to be. Better to sniff out something else.

I recommend anyone with debt pay it down now.

[Troll]

I agree,

I just stopped there. Don't want to know.