ITV now! Buy-to-let crisis

[Turion]

Well no, it doesn't quite.

Phrases like "prudence and hard work" and "only the reckless and stupid who will really suffer" smack of the smug, self-satisfied dogma of drab, ugly, presbyterian, socialist arse-cakes like the beloved leader Brown.

you wan arse-cake?, i giva you arse-cake

[bogeyman]

you wan arse-cake?, i giva you arse-cake

Yes. Quite.

[Diver]

Is this crap still going on!!
I've been absent for a few days. just bought two more houses very cheap (Paid cash)
Have to get them sorted to put tenants in. I now have 56 tenants on my waiting list and have started to turn down any other applicants. I need more houses!!

Come on el Gordo, let's see a major eviction frenzy, get some more cheap houses under the hammer.

[Sockpuppet]

http://www.itv.com/CatchUp/Video/def...5&Filter=17802

For those that missed it.

[BlasterBates]

Is this crap still going on!!
I've been absent for a few days. just bought two more houses very cheap (Paid cash)
Have to get them sorted to put tenants in. I now have 56 tenants on my waiting list and have started to turn down any other applicants. I need more houses!!

Come on el Gordo, let's see a major eviction frenzy, get some more cheap houses under the hammer.

Hey like it Diver "anti-cyclic" investor.

Keep some cash left, because houses will be even cheaper soon, 2.5% drop in a month is a lot, wait for some more statistics to see where its all going. Oh and predict your return based on falling property values, just to make sure what you're doing will give you a decent return, at least medium term. Long-term (10-20 years) I think static property value is prudent.

[KathyWoolfe]

It will benefit those who want to upgrade as differentials will be lower, and first timers. Lower prices mean lower overal repayments.

The falls will be beneficial and allow people with modest incomes who save a deposit to buy without massive leverage.

Errrr...no, it won't.

Yes, house prices are falling but the amount actually lent out is falling too because the deposit percentage required by the banks/lmortgage lenders is rising. So first-time buyers are not really any better off than before and are probably worse off.
Which will not improve the economy one bit.

[Platypus]

http://www.itv.com/CatchUp/Video/def...5&Filter=17802

For those that missed it.

Thanks, just watched it.

John Maitland, the presenter, seemed to relish telling that woman that she'd have more luck selling ice to the eskimos than selling her BTL. And what a clever man he is, having flogged all his BTLs last year having predicted a downturn. What a smug tw*t.

[Sockpuppet]

I liked his line.

"Now I'm not going to dance around the bush."

Then preceeded to make her hand on for ages saying "its not good news, not good news".

[sasguru]

. And what a clever man he is, having flogged all his BTLs last year having predicted a downturn. What a smug tw*t.

Guilty as charged, m'lud!

[Sockpuppet]

Guilty as charged, m'lud!

Yes but your forgiven as not being an "inside track" member.