The Present and Ex-House Owners Thread

[sasguru]

All you rental losers keep out - this is a gated community.
So some of us have made a small fortune from BTL, some own their house outright (a substantial asset on this crowded island), most still have a mortgage but can cope with a sizeable fall in property values and will still have a valuable asset at the end of 25 years, some have sold an existing property and taken the equity to re-invest should prices fall.
All very smart moves. No wonder the renters are bitter ...

[tay]

I enjoy them payng my mortgage for me

I dont mind if house prices drop 50%.. I will just buy some more

[sasguru]

I enjoy them payng my mortgage for me

I dont mind if house prices drop 50%.. I will just buy some more

I can't wait. Luckily there is always a selection of dopey renters to pay your mortgage.

[Diver]

I enjoy them payng my mortgage for me

I dont mind if house prices drop 50%.. I will just buy some more

Same here

Just been looking around the local estate agents and watching prices drop. Loads of auctions coming up too

>Diver in rubbing hands together and bumping up rents mode<

[bogeyman]

No wonder the renters are bitter ...

I know.

It's astonishing that most of the congregation seem to portray themselves as thrusting, aspirational businessmen but the minute they encounter someone who has a modest property portfolio the knives come out.

They seethe in agony and predict your downfall, grasping at every unfavorable straw straw cast upon the financial media wind.

The politics of envy is alive and well.

And with that, the latest results from the Bogey Homes League: -

Properties 4 - Mortgages 0

[Diver]

I know.

It's astonishing that most of the congregation seem to portray themselves as thrusting, aspirational businessmen but the minute they encounter someone who has a modest property portfolio the knives come out.

They seethe in agony and predict your downfall, grasping at every unfavorable straw straw cast upon the financial media wind.

The politics of envy is alive and well.

And with that, the latest results from the Bogey Homes League: -

Properties 4 - Mortgages 0

[Bagpuss]

I know.

It's astonishing that most of the congregation seem to portray themselves as thrusting, aspirational businessmen but the minute they encounter someone who has a modest property portfolio the knives come out.

They seethe in agony and predict your downfall, grasping at every unfavorable straw straw cast upon the financial media wind.

The politics of envy is alive and well.

And with that, the latest results from the Bogey Homes League: -

Properties 4 - Mortgages 0

It's plain for anyone to see the UK housing market is about to correct, or rather it has started to. It also looks more likely the UK will go into recession.
That doesn't equate to wanting to see people lose money. I'd assume you bought some time ago and are in no rush to sell, so what the market does now shouldn't be of too much concern and could possibly result in a buying opportunity.

[Turion]

I know.

It's astonishing that most of the congregation seem to portray themselves as thrusting, aspirational businessmen but the minute they encounter someone who has a modest property portfolio the knives come out.

They seethe in agony and predict your downfall, grasping at every unfavorable straw straw cast upon the financial media wind.

The politics of envy is alive and well.

And with that, the latest results from the Bogey Homes League: -

Properties 4 - Mortgages 0

And you're about to see 40% in real terms of the value wiped out in the next few years

If it happens over 5yrs a no risk cash depositor on say 6% interest will be be thrashing you with a 50%+ greater return (+30% vs -20% in actual money terms)

[Diver]

And you're about to see 40% in real terms of the value wiped out in the next few years

If it happens over 5yrs a no risk cash depositor on say 6% interest will be be thrashing you with a 50%+ greater return (+30% vs -20% in actual money terms)

Perhaps you missed the 0 Mortgages bit

[bogeyman]

It's plain for anyone to see the UK housing market is about to correct, or rather it has started to. It also looks more likely the UK will go into recession.
That doesn't equate to wanting to see people lose money. I'd assume you bought some time ago and are in no rush to sell, so what the market does now shouldn't be of too much concern and could possibly result in a buying opportunity.

It will no doubt correct, but my property investments are long term, in lieu of pensions (of which I have none, of any value).

I'm not into property as a 'Get Rich Quick' investment. I'm securing the future of my family.

Even with adjustments, property is still the best and most consistent performer.