In the interest of sharing, I myself am amazed at both the froth and hysteria that is given to house prices when they were rising and now that they are falling. I have bought 3 houses since 2005 and sold one. My decisions were made for both personal reasons to live in my own house and investment reasons. My decisions on all the properties were to always do a lot of research, buy as cheap as possible and add value to the property. All decisions were made to allow me to make money when I bought (this is possible as a lot of professionals know) and fix rates for as long as possible to avoid any problems in a downturn. All markets go up, down and sideways and I am not interested in forecasting how much or when, rather to look after my investments and keep making more (whether that be houses or shares or whatever).
This makes me a B2L Landlord and for that I do not apologise. Being 30 years old I had a choice in 2005 to complain, sit on the sidelines or make the best of what is a difficult to be young with a young family. I have made my decisions and due to sensible property investment using the advice of actual professional property investors (not inside track!!!) I am well covered to whether any storm. It's probably the same mentality that's let me start and run my own business and now live abroad 70% of the year by a beach and enjoy seeing my children grow up.
Voila. Happy Teaboy (girl!) I am.
Your gain is some young families loss - you are a property speculator of the worst kind, the type that is responsible for all this mess.
Oh dear. Discussing things on internet forums is a little like arguing with a bunch of 5 year olds. I've had a bit of free time but now I'm going to be busy again so no more posts for me to entertain you.
The site has dangerous advice but its not for me to rally and show the truth. The worst I've found is FPlanner - STR in 2002 and now an expert on the housing market. Please FP - you have no place to be commenting on an industry you know nothing about. Your a complete farce with no credibility.
Others here with over 5000 posts , Firstly stop posting and join the real human world. Secondly it does not make you wise to have a lot of posts. I see no advice worth following on here. Most big posters are I suspect also angry and old. One who's name escapes me (Elizabeth is it) blaming the rising market on her not being able to buy a house. She then admits she's 55 years old. Think that shows what an ar*e she is.
I'll be off to the beach, bricking it I don't think ! Enjoy your rented accommodation and your sad 9-5 lives. x
You sound like a complete bitch as well - do you have any REAL friends?
For the record I have taken 100K out over the last 3 years and invested this in other ways. I have two remaining properties that are both 50% LTV and make +850 cashflow a month overall from the rent. That for the record is a success from an original 15K investment. Choosing properties carefully, buying at a good price and adding lots of value is all I did. Its not rocket science but it seemd to work out well.
Being still young I have lots still to learn but have quickly learnt there are lots of people who will happily tell you how to do things, but rarely have the success behind them. Still if you or anyone else is still willing to explain why STRing in 2002 is a good idea I'll be happy to listen. Until now I just get met with abuse on this site for asking the question - hence why the personal attacks back !!
SO obviously a troll - bought in 2005 and made ALL that money?? .... we are already back to 2004 prices in REAL terms and falling fast!!
Going down big style - what a nasty piece of work. Not going too well is it?
Edited by CATFLAP, 13 August 2008 - 06:50 PM.