Wednesday, May 30, 2007
Tenant demand dries up!!
Guardian: Landlords sell-off property as demand dries up
"Experts say slower employment growth and rising rental costs have scared away potential tenants, encouraging nervous landlords to sell up"... and if the experts say so...
Posted by confused76 @ 01:10 PM (35 views) Add Comment
7 Comments
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1. sovietuk said...
"Experts say slower employment growth and rising rental costs have scared away potential tenants, encouraging nervous landlords to sell up"
"Meanwhile, customs officials said yesterday that they are targeting private landlords in the buy-to-let sector over thousands of pounds in unpaid tax."
Ho Ho Ho
2. nearly30 said...
Good!
3. mike said...
If you pass on your price increases to your tennants, they will find elsewhere to live!
4. talking rot said...
Good point Mike
And if you sell up, the tax man will still come after you because the tax man can look back up to 6 years in order to claim outstanding tax. And the best bit, if you can't prove to him how much tax you owe, he can assess you for what he thinks you will likely owe and make you pay that - until you prove him wrong.
Oh dear. What a pity.
5. fahrenheit451 said...
Nice one, but just how long will it take for this crash to happen, and will the MPC have the guts to put up the Base Rate again. Looking at the adverts for morgages, you can still get 4.99% fixed, so are the lenders going to crash first. I'm putting on my tin hat and getting under the sofa until they get it sorted.
6. Maggots said...
how cunning.gordon has waited for the bubble to start to bust before he states woops foget to tell btl landlords they will only get 60 percent of thier profits
7. Paulos said...
Maybe my landlord read this article. He phoned me last night to say he wants to sell the flat I'm renting from him! In his own words "...I've got a lot of equity tied up in it... but if the estate agents tell me its worth what I paid for it three years ago, I won't sell"