What do you think? Borrow more debt or not?

[DimPrawn]

Why do they want to buy at all? What's wrong with renting exactly?

They want to say "my property portfolio investment gained 12% this month", at dinner parties, meaning they bought a house.

[seanraaron]

After owning a few places followed by being off the ladder for several years I have to say the appeal of home ownership is fading for me. Private landlords suck, but I'm hoping the government will eventually drive the slum lords out of the trade and leave it to heavily-regulated management companies to administer the rental stock.

If I'm saving stacks of cash, it's not going to be to someday dream of a neighbourhood I actually want to live in, thanks.

[ChimpMaster]

I have debt of almost £700,000

[ChimpMaster]

After owning a few places followed by being off the ladder for several years I have to say the appeal of home ownership is fading for me. Private landlords suck, but I'm hoping the government will eventually drive the slum lords out of the trade and leave it to heavily-regulated management companies to administer the rental stock.

If I'm saving stacks of cash, it's not going to be to try to someday dream of a neighbourhood I actually want to live in, thanks.

You're an idiot if you think that will help anyone but Gideon's mates.

[seanraaron]

You're an idiot if you think that will help anyone but Gideon's mates.

Better than a crap shoot of skinflints trying to play junior real estate tycoon.

[DimPrawn]

I have debt of almost £700,000

My ex sister-in-law has about £2m in BTL debt, but the property "portfolio" has nearly doubled in value so she's not done too bad by borrowing the QE money overall.

Cheap money means easy riches.

[ChimpMaster]

My ex sister-in-law has about £2m in BTL debt, but the property "portfolio" has nearly doubled in value so she's not done too bad by borrowing the QE money overall.

Cheap money means easy riches.

So she's made £2m but according to Sean she's part of the "crap shoot of skinflints trying to play junior real estate tycoon. "

[DimPrawn]

So she's made £2m but according to Sean she's part of the "crap shoot of skinflints trying to play junior real estate tycoon. "

No she's borrowed about £2m (actually includes her own mortgage on a very large house too), and since 2009, when she bought a lot of distressed properties and off-plan houses on new house estates where the developers were keen to offer big discounts, she's doubled her deposit money of about £400k.

[OwlHoot]

If I'm saving stacks of cash, it's not going to be to someday dream of a neighbourhood I actually want to live in, thanks.

When hyperinflation hits, in two or three years tops, people with "stacks of cash" will find it vaporised in an inflation firestorm.

Don't say you weren't warned!

[ChimpMaster]

When hyperinflation hits, in two or three years tops, people with "stacks of cash" will find it vaporised in an inflation firestorm.

Don't say you weren't warned!

True also if deflation hits, which is the more likely scenario in the near term.