Buy-to-let DOOM: investors 'to sell 500,000 properties' as confidence plummets

[MarillionFan]

So who's going to buy them?

I will. Offshored all my BTLS in Bermuda, paid for out of my Irish Holding Company, then sold back to UK government as part of a carousel fraud.


Bought 10 last week and HMRC sent me a cheque for $2m.

Sweet.


Glad I'm not a contractor, then they'd be bending me right over.

[ChimpMaster]

we are buying the house we currently rent, as the landlord wants rid before April. To be fair he has been nagging us about it since we moved in 5 years ago but we dcouldnt at the time

So you waited until the price doubled and are buying now. I see what you did there...

[FatLazyContractor]

I will. Offshored all my BTLS in Bermuda, paid for out of my Irish Holding Company, then sold back to UK government as part of a carousel fraud.


Bought 10 last week and HMRC sent me a cheque for $2m.

Sweet.


Glad I'm not a contractor, then they'd be bending me right over.

Ok, time to change the bedsheets then.

[AtW]

So you waited until the price doubled and are buying now. I see what you did there...

Price of my flat gone up from £210k to £260k in 4 years, still very high growth...

[DimPrawn]

Price of my flat gone up from £210k to £260k in 4 years, still very high growth...

Yeah but with Camoron and Gidiot in charge, it will go up another £50K, so you can't lose! Everyone is buying. Buy! Buy! Buy!

Honest.

[AtW]

Yeah but with Camoron and Gidiot in charge, it will go up another £50K, so you can't lose! Everyone is buying. Buy! Buy! Buy!

Nah, not sure - Gitiot might just crash the market, but I need to live somewhere nice anyway, don't care even if it drops by 20%.

[Danglekt]

So you waited until the price doubled and are buying now. I see what you did there...

Oh it gets worse, we bought in a rough area about 6 weeks before the bubble popped in 2008, then couldn't sell it, left it empty while renting so we could get the kids in a good school, killed ourselves on a mortgage plus rent, then finally sold the house, massive lump of negative equity, worked for years to clear it, then more years to get deposit.

We have genuinely caught the dirty end of the dirtiest of sticks.

[clearedforlanding]

Meanwhile there is this little fixer-upper going for £280,000 in the Dordogne. Equidistant from Bordeaux & Toulouse airports.

Un village entier à vendre pour 369 000 euros

[tomtomagain]

Just read the headline on the BBC.

House price growth rises to 9.7%, says Halifax

If anything else goes up in price it's called "inflation".

[AtW]

Oh it gets worse, we bought in a rough area about 6 weeks before the bubble popped in 2008, then couldn't sell it, left it empty while renting so we could get the kids in a good school, killed ourselves on a mortgage plus rent, then finally sold the house, massive lump of negative equity, worked for years to clear it, then more years to get deposit.

We have genuinely caught the dirty end of the dirtiest of sticks.

At least you can always count on compassion from your virtual CUK friends!