Boomed-Tastic: Banks to reveal £25bln profits

[MarillionFan]

A housing collapse is on the cards. Although I've been saying this since 2003 and missed out on one years rise by panicking slightly and selling my BTL portfolio in 2006. Turns out my instincts were partially right.

I am poised for a second BTL buying spree but my calculations indicate that prices would have to fall by 20% from 2007 peaks before they represented a fair value, taking into account future capital gains. This has not happened with prime London property.

I found this to be quite useful for searching for locations to look at

Map of UK property hotspots

[Jog On]

Doesn't the ROI from BTL come from the rental income and not the capital gains anyway?

Surely the appearance of 125% mortgages with low rates and poor/no credit history will be a sign of the next housing bubble? If that ever is allowed to happen again..

[AtW]

He betted that the banks would recover if given free tax-payers money. What an insight!

He probably put his money into commodities after it - his profits come from your pockets every time you buy essential items that gone up in price.

[DimPrawn]

He probably put his money into commodities after it - his profits come from your pockets every time you buy essential items that gone up in price.

I'll punch him if I see him in Waitrose.