Reply to: Anyone who hasn't got a BTL get one!

[SimonMac]

Anyway, why don't you just buy another house.

Heatmap of UK property values - Zoopla

Great average price heat map here.

You are a contractor, what are you doing thinking about "average"

Oh thats right, you went permie now, sorry about that

[MarillionFan]

Trying to find a suitable house to rent as need a bigger one, and my god it is a pain in the arse! Last viewing there was 5 people booked in for the same 15 minute slot, office was closed and couldn't put in an application until 9am Monday morning. Cheated and emailed as I left the viewing on Saturday afternoon and still didn't get it quick enough!

Advert went up yesterday on a place I like, got a viewing on Friday, ring them up speculativly today to see if we can put the application in without seeing the inside (very good photos on the website) and someone is there now already! Fired off an application form (as I am currently renting through the same agency hoping to bypass the system).

I knew there was a housing shortage in the south east, but didn't know it was like this in the rest of the UK!

My BTL is rented out to my ex and the kids, so never had to deal with vying tenants & agents etc. but it has been a real eye opener on the whole process and how desperate some people are to rent a decent house

Anyway, why don't you just buy another house.

Heatmap of UK property values - Zoopla

Great average price heat map here.

[TheLordDave]

Goldie Looking Chain territory

Indeed, look for fresh prince of Cwmbran by glc. That's where I actually live. It really does the place justice.

[DimPrawn]

South Wales, Newport area.

https://www.youtube.com/watch?v=Eijc2tGe-zM

[MicrosoftBob]

South Wales, Newport area.

Goldie Looking Chain territory

[TheLordDave]

Whereabouts in Wales?

South Wales, Newport area.

[MarillionFan]

So your poorly disguised mirth over the miserable lot of today's house buyer is steeped in chagrin, not regular cock-crowing over the less well off.

I forgive you then.

No! I got back in a few years back.

I've got three BTL's now as well as my own and I'm just remortgaging to buy a few more. The more people I can keep off the ladder the better.

[tractor]

.....

Good buying opportunity.



I day traded 20k back over the next year and carried the capital losses over for years, eventually offsetting again my BTLS when I sold them a few years later. Still lost overall though.

So your poorly disguised mirth over the miserable lot of today's house buyer is steeped in chagrin, not regular cock-crowing over the less well off.

I forgive you then.

[BrilloPad]

I day traded 20k back over the next year and carried the capital losses over for years, eventually offsetting again my BTLS when I sold them a few years later. Still lost overall though.

Up until that last sentence I thought it was a sasguru post! You are supposed to lie.....

[MarillionFan]

Don't mention stocks, watching my SIPP over the past two days has been painful!

Good buying opportunity.

But that 50k - you did get £5k back! Shame you invested it in sledges....

I day traded 20k back over the next year and carried the capital losses over for years, eventually offsetting again my BTLS when I sold them a few years later. Still lost overall though.

[BrilloPad]

Nah. My houses were OK as I'd bought much earler, it was the 50k in cash I put into the stockmarket that someone told me was better than BTL that had me blubbing into my cappuchino.

But that 50k - you did get £5k back! Shame you invested it in sledges....

[SimonMac]

Nah. My houses were OK as I'd bought much earler, it was the 50k in cash I put into the stockmarket that someone told me was better than BTL that had me blubbing into my cappuchino.

Don't mention stocks, watching my SIPP over the past two days has been painful!

[SimonMac]

A trader bought a tin of sardines for his lunch - it cost 50p. Another trader fancied them so offered him 75p. Another one bid a pound.

Seeing the price was going up they outbid each other - finally someone paid £50!

When he opened the tin the sardines were bad.

Who suffers the loss?

I don't think the sardines are too happy given they are dead now

[MarillionFan]

I still remember the early naughties when you couldn't go into a London bar without a pin-stripey wide boy theatrically looking at his watch and proclaiming how much his house had 'made' over the last two hours

Then, after the crash, every financial forum was full of said wannabes crying over their negative equity and begging for tips on how to get out I expect MF was one of those.

Hard to see that happening again anytime soon, which is a crying shame.

Nah. My houses were OK as I'd bought much earler, it was the 50k in cash I put into the stockmarket that someone told me was better than BTL that had me blubbing into my cappuchino.

[BrilloPad]

who cares they are all traders

In the 90s I bought some BTLs in Burnley. Great fun - wild swings in income. Ended up getting building society rates.

People need to be careful what they buy. Get a house, if its worth nothing you still have a house. Get a BTL, if its worth nothing then you have nothing.