Friday, Apr 18, 2008
A Lesson in Seige Defence from Commander in Chief Law
Assetz: Buy-to-let remains a bastion of strength
Friday night posting: "If buy-to-let is a castle, being assailed in mediaeval-style by a huge army, firing flaming arrows (or should that be negative headlines?) and attempting to batter down the door with the "credit cruncher" siege engine, then it appears to be a fortress that is withstanding the attack very well. Indeed, the latest survey suggests many within those thick walls will soon be riding out to make some more conquests."
Posted by quiet guy @ 10:19 PM (519 views) Add Comment
11 Comments
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1. quiet guy said...
Oh curses. I misspelled "Siege".
2. Righttoleech said...
in the absence of 'property is a one way bet' credibility.........this is the current VI spin..........chant together now
3. crash bandicoot said...
"The Arla survey found instead that nine out of ten landlords did not plan to sell any of their portfolio"
Forced sellers?
"46 per cent said they actually intend to add to their portfolios in the next 12 months."
They'll be adding considerable amounts of their own real money this time. The days of off plan discounts covering deposits and 100% LTV are long gone. In fact they will probably be adding their own money to their current portfolio to prevent becoming one of the forced sellers instead. In Stuart's terms the BTLers will be riding out of their castles armed with only a stick of celery and a tube of smarties.
4. it_is_going_with_a_bang said...
Good I hope they do try and fight it out. They will then suffer the losses that are coming to them.
There aren't too many 'castles' that I can think of that actually managed to survive in history.
It was only yesterday or was it the day before that we had the headline of that idiot landlord going bust owning 7 + flats and owing 1.5 million as well as losing his initial investment.
Who then blamed everyone other than himself.
I guess he wasn't one of the the BTLrs that Assetz is referring to.
Strangely he too was keen to get back into it at some stage in the future....
5. Rental John said...
"If it falls to HPC to start a fight to cut out the cancer of bent and twisted estate agents, banks, and mortgage lenders in our country - with the simple sword of truth and the trusty shield of British fair play, so be it. We are ready for the fight. The fight against falsehood and those who peddle it. Our fight begins today. Thank you and good evening."
Misquoted from original by Jonathan Aitken.....former MP and lag.
{now I must get back to watching newsnight}
6. gone-to-colombia said...
Oh dear, could it be that they have extended their simile a little too far?
I teach English but I must say this - complete bollo#ks
7. jack c said...
Stuatz comedy club routine has been very subdued in recent weeks - great to see him back with his pearls of wisdom ! would it be fair to say that in the current imloding property market his comments imply he is as thick as a castle wall ?
8. little professor said...
Yeah, I thought Stuart had given up the fight, there's been hardly any good comedy on his website recently - he's been talking more about moving into overseas markets.
Nice to see him back on top form!
9. Orwell said...
Little Prof.
You make me laugh....
Anyone rather have Monty Python than this?
10. letthemfall said...
Just goes to show you can't keep a bad man down
11. new user 2007 said...
I sadly cannot help but lower myself to Mr ASSetz' level usually. But there is no point as he has exceled beyond the usual rubbish.
The statistics are contradictory, obviously assume the economy will remain great (no forced selling or renters facing financial pressures themselves etc), are provided by an equally biased VI and don't match reality.
I think someone should do a profile case study of him. Does self-delusional ego follow madness or does it cause it? That he is drowning is a nice bonus:) Sad really, being in a lunatic level denial.