Jump to content
House Price Crash Forum

Venger

Members
  • Posts

    14,543
  • Joined

  • Last visited

Everything posted by Venger

  1. Well for Mr.Nimrod, he retired for advanced position in the RAF and in 1998 bought his first BTL, in the beginning of his new 'career'. He will have been about, most likely as a homeowner in secure position, during 80s and HPC 90s. We had the credit-crunch just a few years ago. I don't see what we have to look at all the population - the individual matters. Many individuals on the BTL side been reaping the HPI++++ and rents for ages. If they can't handle the challenges, as so many HPCers been forced to on renter-saver side in large part due to prices/BTLers bought up millions of homes, then it is all on each of those individuals. The fact they do not know everything (no one does) doesn't make them innocents. I hold to my view that it draws in minds from all intelligence levels, who are predisposed to see world/people on their own BTL minded terms. Also they (BTLers) are directly involved. Vetting tenants, S21ing tenants.... "Don't own a home? I've got my own home + lots of others I rent out pal renting neighbour. I'm alright Jack **** you. All about me." All the BTLers together, as individuals, have been part of making the system as it has been. There is no game without active players. Great quote Phil/Pop321 in the context of discussion. (Twain). I don't recall the movie though. Even here they can't resist trying to blackmail society as provider of homes, only seeing themselves as being able to have power over those houses (even when saying he may have to sell up / go bankrupt).... in the claim it will cause homelessness. It's about how they see themselves in the world, and it is at some many different levels of intelligence. Power. Superiority. Entitlement.
  2. It's a difficult one for all of us. It's not always that simple. However we can all practice caution. Research, study, evaluate risks and impact on other people. And in housing shortage/affordability crisis for so many, it's a choice to deliberately seek to lay claim to make it worse for those priced-out, and create the demand they pretend to supply, for their own special interest. Some of us priced out of one home, where others have laid claim to 5+ over 20 years...... with debt. Those two PT threads Although I have not reviewed the content since my first read in 2015. 1 https://www.propertytribes.com/landlord-tax-changes-join-share-our-action-plan-t-127621827-65.html#pid243435 2 https://www.propertytribes.com/summer-budget-tax-challenge-shore-up-your-defence-t-127622623-3.html#pid243408
  3. There was a Tweet the other day - something like, "Since online newspaper had a comment section, everyone things their individual opinion really counts and matters." Although that's something all of us have to be wary of. I certainly know my opinion of BTL hasn't mattered for over a decade, vs the actual power-equation of BTL/BTLers in the market. It was sourced from PT, back in 2015 when we were keeping tabs on their reactions to S24. Find that site very difficult to navigate, so probably explains why I took a screenie rather than made note of the link. I will have a look for you later @Houdini but can't promise I will be able to find original thread source.
  4. Intelligence doesn't really come into it (on the 'innocence of BTLers'. vs 'oh-so-much-smarter banks'). There's a guy working for Microsoft who I read whinging about S24 on his BTLs. Wilsons with their math ability. On and on it goes. Many intelligent BTLers involved. Also are former RAF Nimrod pilots notoriously lacking in intelligence? It's more to do with how you see the world, as an individual, and how you see other people - imo. Choices. That comes down to something else. Integrity? Humbleness (or not). Seeing other people as just as important as yourself (as homeowner) and not wanting to deprive them of homes (in housing shortage), to MEW gains, and buy a BTL/BTLs. We are all lacking in many ways, and bankers are not all knowing. And, "I need(ed) a pension is not an excuse. Either is "Gordon Brown removed pension perks." Nor is, "Low interest rates." Some people on BTL-side have been buying for best part of 20 years (as you pointed out spyguy), house after house after house, reaping rent-roll, up close with tenants, counting their spare houses (and warm-glow of a representation of each set being yet another house they own... as one BTLer put it). This isn't some innocent lack-of-intelligence matter, where they hard-done by. It's a lifetime of BTL involvement, with others in society paying the costs of it. They know. Vetting tenants, inspections... it's involved. Passive investment but involved. 'An investment which requires some level of activity.'
  5. Don't be sore Greg; those satire videos were just poking a bit of fun. : Cmon you know I'm going to be triggered by (2011) "HPC = displacing families fallen on hard times so work harder and harder you renters" - especially in the circumstances of the house you had just bought - when HPC is nothing of the sort of the wide market level (just ego mad-gainz outright/equity-rich seeing values fall.) If you've changed position on that (re HPC), all good with me. And I put myself in one of the videos. Just bit of fun.
  6. Just teasing @Tapori xx So where's the HPC...... everyone does have a clue.. can all see asking prices, low inventory on market, many owners know exactly 'what it is worth' (thereabouts), many BTLers, much political choice in policies (QE/HTB), but some can't buy/rent. Imposed in a way, on to them, with this valuations/wider system that majority don't protest about. Certainly I don't see any movement by BTLers/HPIers/Owners to bring prices down. (Mad-Gainz). HPCers are not the only ones with 'the truth' - millions of people make their own truth. Truth is subjective. Reality is long-wave HPI mad-gainz for many owners, and BTLers who have bought up so many homes over the years, to rent out. QE/FLS/0.25%/HTB etc etc.
  7. The quote about power is just to emphasise how they thought they were the power (and in this case from 1998 buying up homes to rent out). And they used that power, as many of us more and more priced out for years, as BTLers bought up more and more homes (MEW buy MEW... reason for very little equity in those homes in this example most likely, and many having a full life of bling-fun-multiple holiday times on the rent roll), to create the demand for housing they pretend to service. Power has turned on them. S24. They were happy to be the power over tenants, having bought up so many homes, and for so many years tenants not been able to be heard against it all. BTLer/HPI mindset. Me me me me me and more of me. Vastly superior (HMRC) power has been turned on many BTLers, when they were so used to being the power, and feeling invincible, with little thought to how it could be right for them to own/possess so many homes, and younger renter-savers priced out with so little.
  8. All too often the BTLers take the view they are 'providing homes'. They see tenants as 'grateful / happy / thankful to them with all the homes....' - ("do right by them and they'll do right by you") There's been many good posts on HPC about that, including about how in many instances, a tenant has to be polite for needs to get shelter over head of family (mostly priced out, and with the BTLers having bought up millions of homes...), and as tenants can't risk trouble with a landlord... wanting them to repair things if necessary, and not S21 them on landlord's whim - with all the costs and hassle involved a move not of your choosing. 1998....... 60 tenants............. moar and moar houses and as many as 19 years of rent.......... When many of us have only known raging HPI++++++ as all homes on market there for the BTLers to also compete on... 2017...................... I think where I've posted on it previously it was probably to outline the fundamental hubris: not only in the belief that they can significantly affect politics now, having no grounding in it, but in the misplaced notion that they could ignore it in the first place. They've been messing around with the fundamental living conditions and quality of life of an entire generation, and doing so via interest-only lending that has recently contributed to the biggest financial crisis in living memory, and yet they've apparently assumed that they could be so relaxed about the political risk that they needn't even cultivate an interest? Pure ego. They advertise their arrogance and conceit as if it is some kind of defence for their actions, rather than that which is rendering them foolhardy and obtuse. BTLers who failed to consider the political risk of pricing a generation out of homeownership should blame their own hubris. The tightening in having expenses submitted (receipts) is a good move too. Greedy and self-serving to extremes imo (all these multi-property older landlords). The trap has been sprung and really they should be cringing with embarrassment instead of still making out they are business-people and trying to push back against S24.
  9. 16th century England..... enclosure? What about all that stuff we learned about the Egyptians and farmers at school. How farmers ensured they kept their boundaries with neighbouring farmers when expecting floods (some clever way that I've now forgotten... was it rope?). How about the Greek Hoplites... that's one reason they were democratic. Hilly harder to farm plots, owned by many individuals, all with a stake in society - farmer/soldiers, and their olives going off to export and more money spread around individual owners in society in enterprise. Each with a reason to fight to protect oneself's position and their neighbours. Possession began when some humans stopped hunter-gathering, and began to settle down, seed and farm the land, the first major Revolution in human society. Before that there was no concept of ownership of anything - and there wasn't much to own (or steal). ....banditry/government/protection-tribute/settlement/force/taxes/crime - made slavery and serfdom a proposition for some minds... farming created other forms of occupational specialisation; artists, architects, builders, craftsmen, jewellers, potters.
  10. Norrington: One good deed is not enough to redeem a man of a lifetime of wickedness. Commander Norrington - Pirates of The Caribbean. 'normal hardworking people' - just landlords with loads of houses (errr when you're mad priced out of one on the Gen Rent side of things, that's far from normal) in a housing shortage the BTLers have done so much to create, but no shortage for themselves, with loadsahomes. Is this another BTLer who has only just recently discovered S24 for their so called 'business' (investments) ? BTL landlords since 1998....... more and more to 60 tenants... some career. I was given resettlement training to help me in my next chosen career and we chose to set up our own company as a Letting Agency which we did in 1998. We had saved some money from my military salary and bought a property to rent out as well. ... We own properties ourselves which house over 60 tenants, and our limited company manages around 250 properties for other landlords. Having started with one property of our own to rent we have over the years managed to build up a good size portfolio of properties that we own, all on interest only mortgages as this was the advice we were given when we were purchasing buy to let properties. Our letting agency is now a limited company as this was the good advice we received from our accountant many years ago. No one dragged them into it. Unregulated BTL mortgages for moar and moar. Welcome to the real world multi-home BTLers 'normal hardworking rent-takers'.
  11. Okay, final one - fully covered Greg now. https://www.grapheine.com/bombaytv/graphic-en-7262377eb69acd1fe5c5a611002e7993.html
  12. Quite sure you have Greg. As I told you recently, you're good value for interesting commercial world posts and more (including cars/your view of the top schools) - interesting to read from the outside.). I'm only teasing you a bit...(bumping those old posts + the videos I made today) but please remember that it really matters for some of us. (HPC / rebalancing / BTLers taken out and homes back to the market). Didn't even get the option pre 2007 (prices), not during so called credit-crunch (seized marker here with no sellers) and then it was quickly back to BTLer double-down. A very slow long battle against HPI+++ renewal, HPIers/BTLer-double-down, in rented (from a BTLer with 5 houses at the £375K-£500K each type level... and his own home maybe £1m+). And for the young generally coming through, with no bomad support. Hope you liked the videos. You sort of asked for them, and I had a bit of fun making them. How is the Aston Martin Vantage? You know I mentioned the very same 'USA doesn't have friends, only interests' to someone just a few weeks ago, but I didn't know the source of the quote. Thanks. All about positioning - it's a shame so few HPCers realise that, with their cuddly view to many owners (buyers down the long years) being innocent/brainwashed/manipulated. It's a market isn't it. Super Greg Capitalist Video : https://www.grapheine.com/bombaytv/graphique-en-09ef5855dd451080298446ae98210629.html STR Innocence, HPC Again https://www.grapheine.com/bombaytv/graphiste-en-1768f39ac3acee3edc81d952c0cacc72.html Get HPC Started Viral Woot https://www.grapheine.com/bombaytv/design-en-8dc4cf443b06b6b8fa819c173f59d4f2.html Any Way To The Top https://www.grapheine.com/bombaytv/graphique-en-4062558b1312696bcee26d6a0ce7ff86.html
  13. Any Way To The Top https://www.grapheine.com/bombaytv/graphique-en-4062558b1312696bcee26d6a0ce7ff86.html
  14. Get HPC Started Viral Woot https://www.grapheine.com/bombaytv/design-en-8dc4cf443b06b6b8fa819c173f59d4f2.html
  15. Something else. Last 9 years haven't all been 9 years of 'woot HPI' in the MSM, whatsoever. Plenty of articles urging caution, and even MSM articles outlining severe downsides. And where comments allowed, plenty of scoffing/doubt prices can fall, many a time. We have an article here.... It's impossible to tell if some reader will read that and pause about buying, or even look to sell. It's just I got this sensation that 'HPC The Message' was set to inform wider public to 'the truth' and 'make them see how market really is to learn em'. There's plenty out there - (even many articles setting out why HTB doesn't seem to really help buyers (maybe it will if there's another doubling in prices as owners cast as manipulated victims) no one has been dragging anyone in to buy. HY; 2 minutes is a long time with video. I think attention span would drop after 30 seconds. Get your 'Apprentice' heads on and do it like a TV commercial to pack it all in, for any individual point about the market (eg HTB / taxes) maybe with a poster. Although maybe you could be straying into 'advice' (?) Plenty of HPCers thought HPC just around the corner for 9... sheesh even 15 years, thinking buyers the uninformed idiots.
  16. STR Innocence, HPC Again https://www.grapheine.com/bombaytv/graphiste-en-1768f39ac3acee3edc81d952c0cacc72.html
  17. It's a nice story... covers all buyers and owners if at risk of market turning down ("brainwashed and manipulated - they didn't know as much as HPCers - begin the bailout") Well that 21 year old is likely to be heading straight into Generation Rent. The asking price alone tells them somethings vs their overall position (student debts etc) Although we're reading of some 20-somethings being bought £600K apartments outright by family - in a market. My issue is HPCers who want to infantalise everyone, as superiors, even the mad-gainzers/BTLers in a ruthless market - where they're not up at nights reading, whether it is astonishingly clear there is no 'movement/campaign' to get house prices down from the 43- 52 year old buyers/BTLers or mad-gainz owners. Renting, even from a BTLer, is an option forced on many of us - so there's nothing complicit about it. However those who choose to buy (9 years held this position on HPC) don't need anyone's approval for their choice from HPC. They don't need to get a pass from every single HPCer to check if they approve/authorise them. We all have to make a choice on how we procure housing from the market. And in a free market people can sell. At the end of it all we have to 'man-up / woman-up' and take responsiblity for our own owner/buyer choices. We can't have a housing market where there is no downside (just those who want to offer hugz and 'manipulation' excuses) to paying too ******** much, outbidding all others on Gen Rent side of things. And BTLers sure make their own choices. And I from you Tapori (learning from you). There's nothing personal in my posts, and I can take your good pushback, as you take mine. Go for it... can be worth it for one would-be buyer, sure enough. Yet at the end of it, many renter-savers been on hard wrong side of the market, and if we want rebalance, some are going to have to get knocked right off their housing perches. Perpetual cycle of this, and excuse all along the way for owner/buyer side, all so innocent in not knowing what the HPCer renter-saver losers know, as prices in London/SE doubled yet again.
  18. Yet they do have a clue. To suggest that projects pure innocence on those who buy year after year, at ever higher prices -vs- in Generation Rent. We can all see these asking prices. Full total awareness for anyone even thinking of buying a house. These prices make me want to dive for cover - not so for many others. We all can practice caution. We all have a clue. Many older owners can tell you exactly 'what it is worth'. It's a market, and how much by way of 'lies' is it? A few decades of runway HPI makes it sort of a full reality for many. Seem to me you/others are just not happy with the dominant overriding market view that persists in media, and also in conversations around the land for happy with HPI / wanting more HPI, and a few shrugs about prices vs Gen Rent. Want to project them as victims of a conspiracy, rather than the active market participants that they actually are. That professor the other day sure doesn't want to 'understand' about any HPCers whiney 'real-truth' message, and millions of others don't either, when it's a threat to their HPI reality/mad-gainz/risk of going into NE. They are mostly intelligent (they don't need to pass a HPCers test on whether they know enough to buy or sell a house), informed, but just hold a very different market view to many renter-savers, imo.
  19. He could write an article a day about it, and still won't change minds of the foreverHPIers/Gov won't let HPC happen/ get back into your rental boxes and stop being jealous types. And buyers who are willing to pay these prices for a property (see they pushing and falling over each other of some 25 viewers for a flat in London in article in this thread at £600K+... and into a bidding war it went) make their own minds up, in a market. Their own view about value. It's not just something one falls into. Matter of actively searching in an area, going to viewings, arranging a mortgage, survey, putting in offer (and outbidding many people on here are renters who won't even view at these prices). Also no one stopping more owners coming to market to try and cash in on these mad-gainz prices in many areas.
  20. I know !!! I thought your post was great @LiveinHope It was the BTLers projecting bitterness at us for not adapting/being able to afford their new world of mad-gainz. Even if we were bitter (not so for me... cynical yes, tougher yes.... willing to tell BTLers how it is despite all their projecting at us as failures, yes), it's still better than being the strutting BTLer that he was, telling us we're just jealous of his mad-gainz in his BTL empire. Although he did make one good point.... people like him will always put their BTL profits above any notion of a fairer society. Yeah pal (the BTLer), thanks for being born 15 years before me. Well done for buying up 10+ properties (something I would never have done).
  21. You're game on for HPC again now eh Greg? You sold that big ole house you bought on edge of repo in 2011 quite recently eh? "Get the HPC started." "Convince them for HPC." Wasn't quite your position in 2011, was it. Super Greg Capitalist Video : https://www.grapheine.com/bombaytv/graphique-en-09ef5855dd451080298446ae98210629.html HPC doesn't necessarily mean lots of repossessions - for me it means some wildly HPI++++ winners will have to see value falls... eg bought for £35K, current value £650,000.... HPC down to £300,000. And they only take an ego hit. Yet I will never ever stop finding it quite amazing that you positioned as you did, but bought a house (at a HPC price) from someone on very edge of repo in 2011 - while guilt tripping about 'what HPC means', and telling us about the power equation. @Tapori (and others) - I would subtitle any foreign clip/scene for a laugh... only because it's good for taking the piss on the UK side. Used this since 2003 when Fanta Shokata made it available (think to promote their new drinks) - at the time it was a big hit on forum I used to visit. If I could find a source using German scenes, I would use that instead. So with sensitivity high on many matters, just want to emphasise it's just for the laugh - I'm totally inclusive for all people/races and only make assessments on the individual level. 2016...
  22. True enough (just abouts) http://investmentwatchblog.com/a-crazy-stock-market-is-punishing-sellers-even-the-economics-nobel-winner-couldnt-understand-why-stocks-keep-going-up/
  23. Dominic Frisby - he covers so much.... Just a few weeks ago I saw him on Sky News, where the anchors at the studio were asking for his view about the funniest joke at the Edinburgh Festival - and about comedy in general. Then he has investment journo-mode (and often very very good). Then guest-speaker mode (at big conferences about investments), with some gravitas about him. Host on a Game Show too... (seem to recall) + other TV with high profile celebs. Yeah right.... Owen Jones to convince wider society about Housing Financialisation, and the HPC Message. We're in a market. HPC. And just in case you didn't all know... If it is HPC... mathematically all the innocent owners can't escape with mad-gainz. Not my fault if they don't realise that. Clear the way for younger generations who do know, to buy and upsize.
  24. Firstly, to my mind, if it is worth posting about, it is worth arguing about, and if it is worth arguing about, then people who post ought to have argument to support their posting. If they don't and they find me wanting to tip into them, why did they post? It's more than "the money" for some of us. Time spent on HPC can be very constructive (a cause for some of us / learning / friendships)..... And Count - maybe a bit overly-enthusiastically at times, and maybe allowing his emotions to get better of him at times as well - together with putting too much blame on bankers/media alone imo (when people buy houses at these prices and HPIers are everywhere). I get the view he doesn't just think about himself, and overall has a good heart + can be sensitive. (Although needs to tone down some emotions/views from time to time - he knows I mean him no ill-will, so he won't be offended by that suggestion - and I certainly have faults too and have my moments.). You're taking the time to engage him though, in not particularly nice way. (I have no view about the thread topic) - try and avoid such things where you can Count (imo). You're far from the first new member to rock up claiming long-term HPCers still here, and knowing about their past.... getting a dig in. ..... As far as I'm concerned, your positioning here is on the trolling side of things. 2017 member, just 176 posts, is troll-ish (imo) - you need to establish yourself as a member of the forum before making posts that tip into choices of long-term members - at most other times sound money would have replaced bubble money, but we got QE/BTLer double down and so on instead. And Count knows a lot and has pushed back against societally destructive housing financialisation - which many of us see as still ongoing. There are some outright/equity rich owners HPCers who've been here from 2007 (and before) who are full HPC minded as well. You seem to know a lot of Count's housing background (but in 2007 he sold a house that he wasn't happy with.) And from there he found HPC and came to see more about BTL/housing financialisation. How many hours you spent reading the forum 2017 joiner (and a 2012 buyer) that could have been spent elsewhere 'more constructively instead' ???? Why you here? It's also possible to have fun as active forum member. Big fun on its way for many BTLers who danced right into doubling down on trying to capture Generation Rent Forever (S24). Always more to learn. And you're not perfect either - you've already got it spectacularly wrong in just 176 posts. At the same time my view was to guard against complacency and Corbyn/Labour going to be a serious challenge. There was a time I got a bit snappy with Count, for he was posting new threads of reductions, on top-end houses. Such threads/houses didn't have much relevance to me. Perhaps that Count isn't the average HPCer..... maybe he could buy your house outright + plenty of money left over. He clearly sees no value in the market, remains true to his ideals on housing/prices/, pushes back against housing financialisation, and his choice how he spends his time, including constructively, on HPC forum.
×
×
  • Create New...

Important Information