Originally posted by Dallas
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Thing is where I am the renters have the upper hand due to oversupply, I have never paid full rent and the landlords that I know top up the mortgage payments.
One of the more experienced ones said 6% is the max he can average across his portfolio, it's all a gamble; property (assuming you can sell it when you need to, at the price you want) vs stock/commodities.Leave a comment:
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next year private rent goes up 20% as landlords get out of the business and the houses are bought by non renters i.e. those living with Mum, large business and foreign investors.
Get ready to buy quick or be bent over the barrel!Leave a comment:
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Buy-to-let landlords turned off buying more property as tax changes bite
" In a poll of over 1,000 buy-to-let landlords, more than half said they expected the value of their investments to fall considerably following a number of punishing tax hikes designed to get more young people onto the property ladder.
Some 54.6pc of respondents said the 3pc rise in stamp duty for buy-to-let investors was likely to affect the value of their investments, while two-thirds believed there would be a decline in the number of properties available to rent.
When asked about the future of their property empires, an overwhelming 53pc of landlords added they were not planning to buy any more properties following the tax changes. Almost 12pc said they planned to buy before April 2016, when the stamp duty surplus kicks in. "
Source: Buy-to-let landlords turned off buying more property as tax changes bite - Telegraph
So, Gideon fooked over lots of BTLers most of who are likely to have voted for the Tory Scum party, next year they won't even be able to offload their properties because nobody will be buying them. Finally, the property crash we've been waiting for
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