BTL'ers doomed.

[Fred Bloggs]

Doomed, I tell you.

 

[AtW]

Less house owners would mean more places needed to be rent out.

 

[Spacecadet]

In 10-15 years he'll be saying he meant "no more LABOUR housing boom"

 

[Mich the Tester]

We're all doomed. DOOMED.

 

[Freamon]

Gordon Brown said almost exactly the same thing when he was starting out and look where that got us.

 

[minestrone]

Housing prices will stagnate for the next 15 to 20 years.

There will be no drop with interest rates as they are.

Never seen my house as an asset or an investment, it is a home.

 

[scooterscot]

Never seen my house as an asset or an investment, it is a home.

WHS.

Even though I let my first house i'm the least savvy person on the planet when it comes to investments, at the time my job changed and I expected to return to my home expect that never happened.

I think focus should be on earnings and not house prices, even if they have run away with themselves a little. The rate earnings have increased over the last 15 years are the biggest con IMO. My first job as a graduate started around 18K (13 years ago), I've seen the same job advertised around 22K today. True inflation is not even matched with that increase.

Over the last 15 years the reward for increased labour has been to take home less and less. What an insult to the ordinary man and woman on the street whilst the bureaucrats have been lining their pockets with factious expenses.

What we need is a full blown revolution.

 

[Doggy Styles]

Never seen my house as an asset or an investment, it is a home.

Same here.

BTW I thought you were in Sydney?

 

[MarillionFan]

Same here.

BTW I thought you were in Sydney?

I did. Worked on a five year basis when I started buying in1999. Bought three, sold them, paid mortgage off and then bought a large place by borrowing more. Now only a few years to go to pay that off.

 

[suityou01]

Doomed, I tell you.

Nice. So my kid's education costs more, which means I cannot afford to put by as much for my twighlight years. Pensions aren't worth it. And now good old bricks and mortar is going to stagnate until I retire.

Time to get into stocks and shares methinks. Oh no, wait.