Daily Boom

[ChimpMaster]

The problem with £1500 (esp. before tax & expense) is that it takes a long time to build a deposit for the next house. Then again, she might be buying houses in Bradford at £50k a pop and renting them out for £450/month -- in which case she can buy one a year.

@Freamon, I don't mean to be cynical but money in the bank is wasted opportunity. My dad left his life savings in the bank throughout the property boom, when instead he could have bought 5 houses (almost cash buy at that time) bringing in £5,000 a month rental income!

Yes, there's risk involved but you have to take some chances in life to further yourself and for your family. By 'eck there's risk in leaving money in the bank these days!

[Freamon]

@Freamon, I don't mean to be cynical but money in the bank is wasted opportunity. My dad left his life savings in the bank throughout the property boom, when instead he could have bought 5 houses (almost cash buy at that time) bringing in £5,000 a month rental income!

There was a small hint of sarcasm in my post, but to spell it out slightly less cryptically - if all you have is a hammer, every problem looks like a nail.

[Freamon]

And a million immigrants arriving every year and about 50,000 houses being built, means rents are going to rise, where as interest rates cannot rise otherwise all the lenders will be bankrupt again, which will mean massive bailouts again, so the money would have to be printed, stoking inflation which means rents go up.

Whichever way it plays out, the BTLers are millionaires for doing nowt and nothing can ever touch them.

Presumably there's some reason why over the last 10 years, despite "immigrants flooding in"*, rents have fallen in real terms?

*source: Daily Mail