Tuesday, Sep 18, 2007
Is Buy-to-let UK's bubble blower?
Reuters: Buy-to-let is UK's bubble; N.Rock its needle
Makes the claim that in the future people might perceive 'buy-to-let' in the UK as even worse an idea than subprime in the US was.
A very interesting read that tries to compare UK and US markets.
Posted by ed @ 11:00 PM (345 views) Add Comment
5 Comments
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1. Alan said...
Back in 1996 a couple of my associates at work were "early voluntarily retired" with a payoff. They each went into BTL (almost as a hobby) with 95% mortgages and took a number of houses. Their recently privatised industries didn't seem to want their business acumen.
They made a lot of money and have just cashed in half of the properties on a "wait and see" basis. After all, if the US and the UK decide to rapidly cut IRs over the next 4 months, who knows what's next?
2. confused76 said...
"Looking at the U.S. experience, it's not hard to construct a scenario where we one day look back on buy-to-let in the same way we now view subprime: What were we thinking?"
ah ahaha hahahh ahahah!!!!
3. Davros said...
Ho ho!
4. Realist said...
No, no, no. These BTL investors are in it for the long term. Just like dotcom investors.
5. Si said...
144 _new_ properties on firstmove in bristol _<24_hours_old_, fri was 50 odd, mon 64, tue 82 (when I checked) this morning 144. Search bristol <24 hours. A lot blatently BTL. I call that a major peak in supply!