[Paddles]

Financial Planner, on Aug 11 2008, 04:00 PM, said:

Put yourself in my shoes: I am actually visible. Perhaps the only poster who is NOT anonymous. That is why I should be able to keep my personal affairs to myself. Before I was the spokesman I was anonymous so I told my story. I am no longer anonymous. That you Bruce Banner can't see that, I think you are mean-spirited and I see it as personally aggressive. So, that is why I reported your post.

I have to say, FP, that I'm surprised by the lack of personal-type attacks on here given where we are in August 2008. There will be a significant number of very badly-burned people stumbling upon this website over the next couple of years. The cause of their financial ruin obviously cannot be due to their own gullability/stupidity/greed so someone else will need to wear the blame.

[GAL BEAR]

Financial Planner, on Aug 11 2008, 06:14 PM, said:

Good man.

Our target remains 35% by c 2011. Back to 2002/03 levels.

However, as I have written for our client newsletter for next month that now looks optimistic. Can't say anymore as don't know anymore.

But 1999 levels are not out of the question.

FP, don't take any notice of all the nasty little comments on here from SOME people.
I (we) think you are doing a brilliant job!
Every time I hear you are on one of these shows I think 'Thank God' because you nearly
always say everything that ALL of us would love to say but either don't get the chance to or could
not put our thoughts so eloquently.

I heard you on the JEREMY VINE SHOW last week and thought you were brilliant.
You had that EA stammering all through the interview.

I think the Housing Market would have crashed in 2005 if the BOE/FSA had both done their
jobs properly and stopped the lending madness that went on. Now this country finds itself in the terrible state it is now.

I have to say even in my wildest dreams I never thought it would be as 'bad' as this.
This has gone way past any of my 'expectations'.

I think however, that 35% reductions is going to prove to be 'conservative'.
I am only basing this assumption on my own 'gut' feeling however. The way things are
this crash 'feels' like it will be a 'bad' one.

We are at about 10% reductions already arn't we ? Thats only taken about 6 months!
Still, I would be happy with 35%!
This is one occasion when I hope you are wrong and I am right !

Keep up the good work FP ! We are all behind you.

[Happy Teaboy]

Bruce Banner, on Aug 11 2008, 05:02 PM, said:

Although the forum rules make no mention of it being forbidden to quote an old post, I take your point about posts that you made before becoming the spokesman.

This post was made by you in November 2007, long after you had become the website spokesman, so I assume that it is in order to quote it.

Thanks for clearing that up. 2002 not 2001 was the date you STRed.
I think its important to know so we can listen to your points of view (professional or personal) and then judge for ourselves on how we view what you say. How we then view your comments is our own right, as much as you dislike this fact.

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.

[Paddles]

Happy Teaboy, on Aug 11 2008, 10:51 PM, said:

I have bought 3 houses since 2005 and sold one.

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.

ANY storm? One that takes us back in time to pre-2005 prices? Pre-2004? Pre-2001, even?

[Si1]

Happy Teaboy, on Aug 11 2008, 10:51 PM, said:

Thanks for clearing that up. 2002 not 2001 was the date you STRed.
I think its important to know so we can listen to your points of view (professional or personal) and then judge for ourselves on how we view what you say. How we then view your comments is our own right, as much as you dislike this fact.

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.

it is my amateur psychological opinion that you are bricking it and trying to apportion blame. Still, welcome to the message board, you are going to be entertaining, I can feel it.

[Happy Teaboy]

Si1, on Aug 11 2008, 11:09 PM, said:

it is my amateur psychological opinion that you are bricking it and trying to apportion blame. Still, welcome to the message board, you are going to be entertaining, I can feel it.

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

[wheresitgone]

Happy Teaboy, on Aug 12 2008, 11:00 AM, said:

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

There is nothing wrong with healthy discussion and there will always be differing points of view. However, it is surely better to keep things amicable and not resort to personal insults as, by then, you have lost any argument or credibility.

Anyway I wish you well and appreciate that this site is not for you.

[Si1]

Happy Teaboy, on Aug 12 2008, 11:00 AM, said:

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

Confirmation I was right.

[Killer Bunny]

Belatedly, at the top of page 2 you have the recordings, if of interest

[Paddles]

Happy Teaboy, on Aug 12 2008, 11:00 AM, said:

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

As I pointed out earlier on this thread, personal attacks are to be expected from this point onwards, sadly.

I suppose I'd be looking for someone to blame too if I had bought a couple of properties in 2005 and only 3 years later prices had dropped back to June 2006 levels over a 6 months duration with no end to the fall in sight.

The silver lining is that the BTL poor will have to cut back on luxuries like broadband in the future, so their bile will reduce over time.

[Happy Teaboy]

Paddles, on Aug 12 2008, 07:13 PM, said:

As I pointed out earlier on this thread, personal attacks are to be expected from this point onwards, sadly.

I suppose I'd be looking for someone to blame too if I had bought a couple of properties in 2005 and only 3 years later prices had dropped back to June 2006 levels over a 6 months duration with no end to the fall in sight.

The silver lining is that the BTL poor will have to cut back on luxuries like broadband in the future, so their bile will reduce over time.

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 !!

For you Paddles, I have no idea what success or expertise you base your arguments on. I'd be interested to know. My argument all along is that the market going up or down is not important. It's how you approach each individual property investment with the right attitude to make money the moment you buy. STRing is a very dangerous and risky strategy that seems not to have paid off for a few on here. For me it looks like they want to talk the market down for their own vested interest. I find that interesting and like to discuss it!

[Paddles]

Happy Teaboy, on Aug 12 2008, 07:51 PM, said:

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 !!

For you Paddles, I have no idea what success or expertise you base your arguments on. I'd be interested to know. My argument all along is that the market going up or down is not important. It's how you approach each individual property investment with the right attitude to make money the moment you buy. STRing is a very dangerous and risky strategy that seems not to have paid off for a few on here. For me it looks like they want to talk the market down for their own vested interest. I find that interesting and like to discuss it!

The time on the beach didn't last too long, eh.

The property market has been subject to a bubble since the Fed slashed interest rates after 911. Anyone can make money on the way up in a bubble, that's how they work.

Trouble is, there are only two certain rules in a bubble;

1. They pop.
2. You can't predict when.

Well done for your non-property investment with your withdrawn cash. What did you buy; gold, oil, agriculture?

This post has been edited by Paddles: 12 August 2008 - 07:07 PM

[Flatdog]

Happy Teaboy, on Aug 12 2008, 11:00 AM, said:

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

Tempted to respond with 'you are Caroline Flint and I claim....' but doubt that CF has the temerity to comment here.


Why not turn this thread into something productive and discuss what would provoke any individual to make such controversial and antagonistic posts?

[Killer Bunny]

If anyone is at all interested in feeding back on the recent broadcasts - See S WHitely top of page 2 - I for one would be glad of it.

[Renny]

Financial Planner, on Aug 13 2008, 05:49 AM, said:

If anyone is at all interested in feeding back on the recent broadcasts - See S WHitely top of page 2 - I for one would be glad of it.

Good work FP. Thoroughly enjoyed your performance - told it like it is. Lot of people still in denial out there though.