Uber Doomed...

[milanbenes]

http://uk.reuters.com/article/busine...BrandChannel=0


Oh Dear.

Milan.

[rootsnall]

It's going to be fun. And would of been a lot more fun if I hadn't bought a big house last year, damn !

I've just been winding up a fellow contractor who has a BTL empire and showed no signs of being worried previously, despite my best efforts. This time he cracked in less than a minute and had a worried look on his face.

[milanbenes]

LOL

Milan.

[Bagpuss]

It can't effect London, apparently

[DimPrawn]

It can't effect London, apparently

It's different this time.

HTH

[wendigo100]

It's different this time.

HTH

I've been assured that is true.

If anything, there will be gentle correction, soft landing, and we'll be off again.

[milanbenes]

I sincerely hope you are right and that the good times will roll on for another 5 years


can you give some more supporting info to your prediction

thanks,

Milan.

[DimPrawn]

I sincerely hope you are right and that the good times will roll on for another 5 years


can you give some more supporting info to your prediction

thanks,

Milan.

New Labour are controlling the economy.

HTH

[Troll]

Prudence

[rootsnall]

It's different this time.

One difference is that you've got a lot of sizeable BTL empires owned by people with little behind them other than the property itself. This wasn't really possible in previous slumps. Pretty sure some of them ( plenty !? ) will go down if we have a recession and it'll be interesting what effect this has on local property markets. I know a couple of people with 20+, maybe 30+ that are just about ticking over as things stand, they've also been dabbling in commercial property which is what I think will bring them down. Double uber doomed !!!