Reply to: ITV now! Buy-to-let crisis

[Diver]

Hey like it Diver "anti-cyclic" investor.

Keep some cash left, because houses will be even cheaper soon, 2.5% drop in a month is a lot, wait for some more statistics to see where its all going. Oh and predict your return based on falling property values, just to make sure what you're doing will give you a decent return, at least medium term. Long-term (10-20 years) I think static property value is prudent.

Strangely enough, the rent just happens to have risen 15% on the new tenants (Before they signed the short term leases)

[Moscow Mule]

Out of interest, why?

Selling training and/or dreams to the ignorant is not the sole preserve of the housing market.

Overpriced & incomplete knowledge transfer may be a more polite way to put it?

edit: I think chef (or somebody else on the board) may have been on one of their seminars

[Platypus]

:http://www.insidetrack.co.uk/

bunch of shiesters

Out of interest, why?

Selling training and/or dreams to the ignorant is not the sole preserve of the housing market.

[Moscow Mule]

Yes but your forgiven as not being an "inside track" member.

eh?

you are

http://www.insidetrack.co.uk/

bunch of shiesters

[sasguru]

Yes but your forgiven as not being an "inside track" member.

eh?

[Sockpuppet]

Guilty as charged, m'lud!

Yes but your forgiven as not being an "inside track" member.

[sasguru]

. And what a clever man he is, having flogged all his BTLs last year having predicted a downturn. What a smug tw*t.

Guilty as charged, m'lud!

[Sockpuppet]

I liked his line.

"Now I'm not going to dance around the bush."

Then preceeded to make her hand on for ages saying "its not good news, not good news".

[Platypus]

http://www.itv.com/CatchUp/Video/def...5&Filter=17802

For those that missed it.

Thanks, just watched it.

John Maitland, the presenter, seemed to relish telling that woman that she'd have more luck selling ice to the eskimos than selling her BTL. And what a clever man he is, having flogged all his BTLs last year having predicted a downturn. What a smug tw*t.

[KathyWoolfe]

It will benefit those who want to upgrade as differentials will be lower, and first timers. Lower prices mean lower overal repayments.

The falls will be beneficial and allow people with modest incomes who save a deposit to buy without massive leverage.

Errrr...no, it won't.

Yes, house prices are falling but the amount actually lent out is falling too because the deposit percentage required by the banks/lmortgage lenders is rising. So first-time buyers are not really any better off than before and are probably worse off.
Which will not improve the economy one bit.

[BlasterBates]

Is this crap still going on!!
I've been absent for a few days. just bought two more houses very cheap (Paid cash)
Have to get them sorted to put tenants in. I now have 56 tenants on my waiting list and have started to turn down any other applicants. I need more houses!!

Come on el Gordo, let's see a major eviction frenzy, get some more cheap houses under the hammer.

Hey like it Diver "anti-cyclic" investor.

Keep some cash left, because houses will be even cheaper soon, 2.5% drop in a month is a lot, wait for some more statistics to see where its all going. Oh and predict your return based on falling property values, just to make sure what you're doing will give you a decent return, at least medium term. Long-term (10-20 years) I think static property value is prudent.

[Sockpuppet]

http://www.itv.com/CatchUp/Video/def...5&Filter=17802

For those that missed it.

[Diver]

Is this crap still going on!!
I've been absent for a few days. just bought two more houses very cheap (Paid cash)
Have to get them sorted to put tenants in. I now have 56 tenants on my waiting list and have started to turn down any other applicants. I need more houses!!

Come on el Gordo, let's see a major eviction frenzy, get some more cheap houses under the hammer.

[bogeyman]

you wan arse-cake?, i giva you arse-cake

Yes. Quite.

[Turion]

Well no, it doesn't quite.

Phrases like "prudence and hard work" and "only the reckless and stupid who will really suffer" smack of the smug, self-satisfied dogma of drab, ugly, presbyterian, socialist arse-cakes like the beloved leader Brown.

you wan arse-cake?, i giva you arse-cake