Saturday, Jul 28, 2007
"It takes guts"
Scotsman: Plenty of life left in the buy-to-let market for those who have 'guts'
"some investors are now starting to feel a bit jittery about the possibility of the buy-to-let bubble bursting and there is a parallel worry that those thinking of getting involved in the sector may have missed the boat. Yields are not at the level they once were and some markets have been saturated"... the rest of the article is a desperate appeal to investors to keep buying BTL, like if you must do it. Some readers' comments are interesting
Posted by confused76 @ 10:03 AM (209 views) Add Comment
9 Comments
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1. confused76 said...
How about this?
Government ''should meet landlord building costs'' - buy to let mortgages
but this could also result in development costs increasing, one housing association has said, leading to an uncertain future not only for social landlords, but for those with Buy to Let Mortgages looking to add properties to their portfolios.
http://www.mortgagesforbusiness.co.uk/corporate-information/latest-industry-news/news-article/newsarticleid/29104/
2. Alan said...
Investors are jittery with just cause.
In about a week the Dept of Constitutional Affairs publishes mortgage reposession statistics. These will make interesting reading for aspiring buyers (and landlords).
Is there anyone brave enough to venture a forecast?
3. denzil said...
There is a very fine line between "guts" and "stupidity"!
4. Scunnered said...
If the market crashes we may be seeing some of these investor's guts spilled across the floor, Japanese style.
5. cornishman said...
"But chairman William Frame believes that with fewer landlords about, property prices in Edinburgh continuing on an upward spiral and with money for borrowing still relatively easy to find, there is considerable potential for investors with the courage of their convictions...."
So there will be fewer buyers of BTL - but prices will continue on an upward spiral. Magic.
6. Vkick said...
Well now i am totally convinced. Me and the Chuckle brothers are off to buy a BTL. Souced by Bungle (former star of 'Rainbow') who has helped me find candidate investments before they come on the open market:
"Bungle convinced me property could be quite a lucrative investment"
7. bidin'matime said...
He said: "Those investors with guts are the people who are going to gain hugely from today's property market conditions."
Oh, I do hope they sue him when he is proved wrong.
8. uncle chris said...
Hmmmmmm - I wouldn't do business with Bungle if I was you VKICK. I always found him/it mightily odd, and a bit too 'close' to Geoffrey for my liking. Although George I would probably trust ..... Japenese Uncle, don't ask, you probably don't want to know.
9. Crash Bandicoot said...
Why are these journalists pushing this nonsense? if they also have property investments surely they are not too far removed from the Daily Mirror "City Slickers"