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Everything posted by Venger

  1. Previous video in the link below (Landlord 29 years 'experience / greatness'), for anyone who didn't see it first time around + latest round of other BTL comments, although I skipped the ones by PB. https://www.propertytribes.com/denise-naylor-strengthen-protect-strategy-t-127632258.html Get tangled up - come undone, BTLers.... investing with property-developers?
  2. Although all that 'creating personal brand' pushing many of the BTLers are into... / have been into for years and years. It's used by many other sectors in a similar way - there's a lot in self-promoting - but clearly some people earn their way to having good reputation, and others just want to self-promote to extremes - they don't really have anything to sing about but sing they do to try and win business/money. 'Property Investor Awards' as well imo. So many of them suspect, IMO. Same for awards for other sectors (not all - some award bashes well run, and recognition for successes) Others... suspect. http://www.rollonfriday.com/Default.aspx?TabId=58&Id=5412&fromTab=36&currentIndex=8 http://www.rollonfriday.com/TheNews/EuropeNews/tabid/58/Id/4964/fromTab/58/currentIndex/53/Default.aspx It's a competitive world and we have to try and survive and get ahead in it. What did Greg Bowman say... ah yes Not going to be sacrificed to bail out BTLers property-investors (the innocence) or other BTL/HPI++++ chasers, if it turns on them. They don't matter more than GenRent, and the BTLers/HPIers all been fully complicit in their choices.
  3. Dont really know either, but PT seems like one of the more responsible BTL news-info sites, and forums - in very murky world of property. There are many property vested interests on murkier side who have big VI in seeing PT dragged down, imo. Although I couldn't care for any of the BTL forums, or other places like Facebook Group. That they all exist at all is sort of madness to me, and none of them that responsible or balanced in reality IMO. And so many about worship of property/rent/schemes/courses/training/expensive 'mentorship' and presentations - although many of PT been cynical to a lot of the most doubtful elements about all that. https://www.propertytribes.com/zina-sultana-7c-ansar-ali-7c-abdul-shakur-t-127632006.html There's a thread above but I have only read a few pages. Had it with reading BTL forums and their still-winning vs GenRent. Also can't read '(general) inflation wipes away debt' again. Hmm I see that American quick to lay into PT. Also it's just another reason I like how we try and use nicknames for individual BTL landlords.
  4. I know all about that, and taken all the kicks in the housing market, with main reason for so many participants have a vested-interest in both protecting and seeking HPI to extremes. I have loads of sob story scars too, but on the renter side. Life went on didn't it. Drop the hiding behind Human Shields vs HPI+++++ I know all about 'wrong choices'.... vs HPI++++++/bailouts/QE galore/BTLer double down.... and having tried to push back against it. Instead just excuse after excuse for the owner side... 'the greatest innocence' if the market turns. Let's have a HPC before all this misery/suffering/tragedy projecting.... because at the moment GenRent renting in their millions priced out, and under <34s have only 3.2% of housing wealth overall. That a form of suffering/tragedy/misfortune as well - that is real. At least your blessed homeowners can do something about it with prices as they are... so very expensive in so many areas. They can sell if they fear market drops/change to their circumstances.... and become "A renter who gets things so much better." Many homeowners here to tell us other homeowners don't know future/they don't know future... and to think of them first. In a HPI++++ extreme market, including where the homeowners who would have themselves protected have £100K+ of equity in their properties. GenRent... those forced into vans by housing financialisation to extremes... not really suffering/misery/tragedy... vs the blessed HPI and the innocence of the homeowner... vs a possible HPC. If they're so worried, sell now, into low inventory high priced market. Instead questing for more SMI/Help from banks and other HPI VIs.... in the name of "not wanting to see misery/suffering/misfortune." Most can downsize/move area. ....so much to protect HPI+++++ from heroes, with not much mention of who is really carrying the costs for it all. GenRent/young.
  5. I don't see why they should want to pay more tax to cover other homeowners who have got themselves in a situation . I don't want to and I have very little !! No Govt scheme will ever cover any of my rent. We're at total brunt of the market if any income drop, and have to adjust to it. We've already had to adjust in many many ways... savings vs HPI++++ while paying rent, for years. It's on the homeowner to pay their mortgage (with perhaps basic scheme for a limited time for t). Protecting those at the margin just totally blocks market price discovery. Someone is paying.. and it's GenRent vs HPI+++. And it's even worse when 'benefits' to those with £100Ks of equity in their homes...... "to help them out". It's on the owner. Much of that may be so. Sounds about right. However as I have attempted to explain, GenRent is up against so many other people who don't want house prices to fall, and who are fully behind SMI, and even want better measures.... even if they don't personally want to pay for it. You don't mention the beneficiaries being those who get the SMI / and everyone else with vested interest (including smug HPIers 'what it is worth' ) also gaining - for SMI protects asset-values. The call also comes from many existing homeowners, including wealthy homeowners. DAAD; larger payout vs NI, paid in.... / Secured Govt Loan for homeowners, in event of struggle with their position as homeowners. How 'renters get it better'. They take the position of "not wanting suffering / human tragedy / misfortunes that can affect everyone - no one knows the future" - and on the surface such views appear noble and good, but there is vested-interest there as well. Also breaks market dynamics. Exactly. *GenRentForever... vs HPI+++++ to extremes. No one needs to tell me anything about tragedy/misfortune/suffering, in terms of the housing market, from the rent-forever side of things, vs HPI+++++ / vs BTL+++++. It's very close to 10 years for me on the forum (and I think this thread has finished me off). I was a renter before joining HPC. Read every position from 2008, including 'spreadsheet HPI+++ chasers' blaming the banks for their own choice to chase HPI and their downfall in 1992, and the house they thought was going to be worth £1million being sold to another couple at much lower price. Then pretty much 10 years of posts on how banks to blame for everything - my side still renting. Time and time again (over 10 years) people tipping up to tell me to think of future suffering of the homeowner in the HPC (that never comes...).... misery and tragedy. There's no balance. No one dragged anyone into banks... price too expensive for me (for years now)... low inventory on market.... no one stopping anyone from selling. Time and time again new-members telling me they are concerned about "human tragedies of the homeowner". I would argue the main people paying for SMI and just about everything else are GenRent with their quality of life (vs HPI+++++/BTL++++++ diminished) - and their financial positions damaged. And they are often mocked (told not to eat sandwiches/have iphones/go on holiday/work harder) by house price winners. Yes many of us want security of a home into older age... (I don't call security taking on very heavy mortgage, at many multiples of income but people have freewill to do that in this market) and at this rate I will be renter-forever, unsure whether my financial position/earnings can cover rent into 70s... vs homeowner/inheritor extremes - BTL+++ insanity with landlord who has 5 family homes rented out.. bought from late 90s. Who has had very easy life, but amassed so much for basically nothing (renters paying it down + HPI+++ galore) and QE/FLS/Term Funding Schemes/Operation Merlin and so on. 10 years.. (with prices here 40% above 2007 prices, and homeownership plunged (but vastly more outright owners among homeowners) I can draw the line vs 'the sympathy' / 'the misfortune' / 'the tragedy' for homeowers (if any HPC). The 'no one knows what event is around the corner for the blessed homeowner'. I have to take all those risks, and it's on owners to also have a reserve.. not be protected for £100,000s in equity with a mortgage. Make their own provisions. Be willing to adjust to change if necessary.
  6. Hmm; the other evening made 10 servings (much of it to cool and then go into freezer) for around £10 + energy costs of oven/slow-cooker + some time to be involved in it. A lot of it comes down on the buyer, although I realise that's not a popular view, given the projection some push about the purest innocence of people to have no responsibility/ability/understanding to weigh anything up in life for their choices. I've seen the £6-£8 ready-made meals.... I see they have their buyers... "Who do they think they are" (the supermarkets?) - "Who do you think you are." Your choice. Or this dish.. maybe £14 for 8 individual servings. £8 for a Kilo of Oxtail Cuts. Plum Tomatoes 37p a tin. Leeks £1. Celery £1. Potatoes £1.50. Bottle of Stout £1.15. Jamie's Easy Slow-cooked Beef Stew
  7. It's your own responsibility to have some money set aside for change . No one dragged you into buying that home a few years ago. You chose to buy home. Whatever price you paid for home, in whatever area. That's your freedom. Mortgage is your responsibility. The calculations of renting vs buying were all on you.... not the renter to be shamed/guilted and actually pay to cover you if it should go wrong for you. It's on you to decide risk profile for how things may change in future (homeowners). It's fully on you/other buyers to question whether they can afford a mortgage and have some kind of contingency, in the case of interest rate rises or reduced income. With you the bottom line is you think nobody of homeowner side should be responsible for their poor decisions and everything is somebody else's fault - with society/renters to pay for it. Yet you offer up renters needing better tenancy rights, and a few homeowners at the margin protected from ever selling - helping to prevent prices from ever falling. That's life. I'm not being shamed for other people's redundancy/ill-health/relationship breakdowns) - I have enough to cover and be responsible in my own life with my own life choices trying to keep things on track and smooth, and make decisions that I hope will lead to a better personal future. It's been extremely difficult. I've not told of any sob stories my side as renters, with you all sob-story for owners, guilt-tripping a projecting a view of 'misery/tragedies/suffering/misfortune' for owners.... and with those at the margin protected, then all the HPI+++ wider gainz for all other homeowners locked in. Prices are high, inventory on market is low. No one is stopping them from selling, and becoming a 'renter who get things better'. And now here you are telling me that "bad things can happen" - and - "right choice' can become wrong choice in an instant" . I'm fully aware of that, and why I haven't been willing to pay these prices for a home, to become a homeowner. You have, others have. It's on you not me. Seems you would prefer to keep me and others priced out and in rented, offering up a few people who've taken risky decisions/no savings, as why SMI floodgates/secured loans should open (to protect them against misfortune human tragedy/misfortune - and protect wider HPI along with it) - while saying best I should hope for it improved tenancy rights. And keeping people in £250K-£500K+ homes, with SMI covering £100K mortgages, is not good. Benefits? Not for keeping people in super lifestyles they are accustomed/entitled to.
  8. What really is very dull is homeowners who tip up in late 2017, and in 50 posts have so many positions about HPC being misfortunes, human tragedies - promoting themselves as the protective do-gooder heros of not wanting to see any shakeup/HPC..... on HPC forum. Have you ever thought about other plights.. like plastic in the oceans? Dull is the same old anti-HPC/proHPI.... protecting homeowner positions, in a house price bubble/housing financialisation situation, with massive differences in position between Gen Rent (<34s with 3.2% housing wealth). Also my view is HPI+++/BTL to extremes is the cause of a lot of suffering to GenRent/young, vs you wanting to see homeowners who may have changed financial circumstances, be flooded with money (your new system of based on NI paid in / secured loan). Govt isn't there to keep rich homeowners in lifestyle they deserve... and some of paying mortgage/being responsible for it, in a MARKET, comes down on the borrower. That includes having savings set aside, or adjusting... especially where they have £100Ks of equity - vs GenRent who have to pay rent and try and save to get anywhere toward buying in future. Made all the harder when there's no one on the margin who ever needs to sell due to financial circumstances... in a market with so many equity rich/outright owners.. Seems all you are about is protecting homeowners from 'suffering' in event of any HPC, when for the vast majority any HPC would simply be an equity loss to ego, and not real suffering of any kind. You have a Vested Interest as homeowner imo. You have to be pressed to make any mention of tenants/Gen Rent in it all, and when you do it seems it's very lower down the scale of 'mattering' vs homeowners. You offer your view about 'stable roof' over heads... but when that stable roof is a £500,000 home where someone wants SMI to pay on their remaining £150,000 mortgage.... I say it's a matter for the market, whereas you are about protecting their position in name of anti-misfortune/human tragedy if they have to sell. When you have to be pressed to say anything about renters position in all of it - vs these house prices/mad-gainz/BTLism... and what you come up with is 'better tenancy rights'. Also what is dull is peddling view it's about people agreeing with each other. On echo chambers and everyone agreeing - do you even read HPC. So fine... offer that 'disagree/agreeing' up as cover for your position of dull HPIer/anti-HPC posts. You want those most exposed/reckless to be protected so wider house prices don't fall - including flooded with benefits based on NI they've paid in, and 'Govt Secured Loan' - so they don't have to sell. Protecting wider HPI.. I disagree with you on matter after matter and each time have put up reasoned argument for why I disagree with you. All with the human shielding position that homeowners need to be protected from suffering/misfortune/tragedy of having to adjust to market circumstances. Painting a picture of "Job Centre" who sneer at claimants anyway (the homeowners who may one day find themselves under financial pressure - in a market where mortgage debt is low.... average some £55K-£70K - trackers and SVRs against these prices, and outright ownership at record highs for remaining homeowners - with BTLers having acquired all the other homes) Where prices here are at new painful peaks, and very few houses on the market - and unemployment very low. They can look to sell now.
  9. In the past you have also posted a view that older/wealthy homeowners wanted the bailout. It's a power-dynamic imo. And so many don't care about the hurt-side (it's ridiculous.... my elderly landlord with 5 BTLs now worth around £400K+ each, and own home worth £750K-£1m+). Elites/well-connected come right into it, but also championed-on by millions of ForeverHPI Greatness/BTL Magnificos - who care only about their own positions (to extremes). It's hard to push back against. Oligarchy with a run of greedy power-dynamic winners in support of these conditions. Can only hope it's been to buy time, and some moving out of their positions, get banks in to a stronger position to take falls, so power can let it fall. That's not ideal/perfect, but there has to be rebalance. Raccy with his mega-HPI gainz... ccc and his position that these owners think they've earned it. Some posts on Twitter with a bit of guilt/recognising the imbalances. SilverSurfer on HPC also recognising it. Houses bought cheap... mad-HPI.... extreme difference of positions vs GenRent today. DM comments proud of the mad-gainz of HPI. It's no illusion... paying rent up and being priced out is no illusion. It's been willed into actuality by many participants. @wasbuckers - yes keep telling us banks going down in slightest breeze of HPC / debt-jubilees (meaning savers wiped out).
  10. What I do know is many of your posts/positioning on HPC since you joined, including posts on this thread about homeowners.. many a clash with my position. You're not the architect of S24 after 20 years renting, and having bought. We each have to make a decision of how we procure housing in the market... rent, buy, .... sell for mad-gainz (few tempted out to try and sell with such low number of properties on the market). So you bought a while back after renting.... how come you were so unaware when you pushing that renters have it better for claiming benefits (to cover rent), vs the owner? Misfortune. Human tragedies. It just all rings so hollow to me. deadasadodo and other homeowners, the protectors of all other people's choices (if they turn bad). I "genuinely care"... about everything... and even renters in there, somewhere down at the bottom. On HPC forum... so much about "Pity The Homeowner". You, and so many others in the past.... "the suffering of homeowners / wishing misery". How do you pick up a history book without weeping? On scale of things, it seems off wanting to flood the rich homeowner with money if their circumstances change, and they have no reserve savings. To protect them from selling/downsizing. Allowing them to enjoy their superior ownership position vs GenRent savers who qualify for no help with money towards rent when/if their income sharply drops. Life is full of things we have no control of, but many things we do have some control of. BTW; how does improved security of tenure bring down house prices from these levels in my area? And no; that's just cover from protecting people with vast housing wealth imo - 'secure affordable roofs over people's heads' - and against bringing about price discovery in a market with so many areas very expensive, <34 year olds with 3.2% of the nations housing wealth (although I wish I could put that another way... not about wealth, but so priced out... GenRent). Yet you care.. you really care... mistortune/tragedy.
  11. And it's not as though there haven't been messages of wisdom passed down the ages, with many a warning, likely learned from hard experience - or witness to it. eternal vigilance is the price of liberty What's that saying... Runway HPI++++ / BTLers with multiple homes... vs Gen Rent Forever Losers... ...even this coarse view some hold/push that Govt should be paying out big-benefits to very wealthy homeowners.... Time and time again, there have been astonishment to those who overextended (thought world all about them) as the market has turned.
  12. Although there has been a lot of 'success' on the easy ride of things. If something can't go on forever..... We can't have a market where there is no downside to recklessness/greed to extremes (for those being reckless). Sometimes it needs to be pulled in to bring about final rebalance, IMO - and create a situation where people in no rush to recreate such damaging times in the future.
  13. It doesn't excuse all actions or behaviour. There are gradients of responsibility. People can practice basic caution, even if I agree with you about conspiracy. Yet time after time after a market drop (in history), conspiracy theories come out and are dangerous/deluded and believed. Seems to me that at all times, people have looked for ways to become easy-rich - and it's willed into reality for a time. They could have chosen not to buy up more homes to rent out to young. They could have twigged "how have I got 50 properties, and GenRent who are far more highly qualified than I ever was as Butchers Boy are priced out renters." They could have paused for thought on how 'prices double every few years'. There has to be some rebalancing, not renter-savers carrying it all forever.
  14. And so much of it is from equity rich/outright owners, who are not really interested in 'tragedy' - they simply don't want any of their neighbour owners to have to sell for a lower price, threatening their Mad Gainz. It's pretending, to serve their own HPI mad-gainz desires. deadasdodo claimed renters have it better (for claiming) than owners. Just a nonsense except for those renters with very little in savings/and many of those found themselves farmed by older BTLers with 20+ BTLs...... "expert in ex-LHA properties". And as someone said back in 2012, SMI/Mortgage Rescue also allows homeowners to remain in the market to seek further speculative HPI mad-gainz - instead of downsizing/moving area... becoming a renter (who apparently have it better?!), and getting more houses on the market to bring about some sense of better price discovery. The 'tragedy' - it's all about protecting HPI/price discovery. That's exactly what it is. Just another Pity The Homeowner positioning - post after post. Tragedies (shelter over everyone's head in change of circumstances... SMI/new NI mega-payouts for all homeowners in event of income drop)..... tragedy if reality forces them to need to have savings to pay their own mortgage while looking for new position/downsize/move area. Can't have houses coming to market can we. Homeowners so special vs priced-out renter-saver-losers. Why would I want REIGATE or so many other HPIers (sneer sneer about renting) to get payout to protect their position if their circumstances change. Been lectured to so many times, on HPC, about renting-dead-money, how HPI+++ further (even from 2017 buyers). How if any HPC they will upsize. The tragedy. Show me some on homeowner side. Bank moved against 'spend it all to extremes' Serpico in 1992/93, and it has a great outcome. Neurosurgeon bought his house (upsized/stopped renting)_ at much lower than then peak price. Serpico himself didn't hesitate to buy the house from Customs & Excise (basically seized from previous owner) in early 80s. As you say. Your mortgage. Not much - my financial position worse than 2007 vs house prices at 40% higher than 2007-2012 in 2017. Don't worry those... we're just 'wishing misery/pain/hard-times' on owners to benefit from it! deadasadodo's tragedy if owners with stacks of equity don't get huge payouts if circumstances change for incomes. 2010 position - he himself seized on misery it seems.... for all his guilt tripping of rent-forever-loser HPCers. ----------------------
  15. You have already forced me into one long run of posts/quotes about the topic, after you were trying to convince me that renters have it better than owners when it comes to being able to claim housing benefits.. with your position that renters can immediately claim vs the homeowner who must wait 39 weeks. Then all your position how current system encourages spending all you have - when I have told you that's just not so for me as renter-saver and many years seeking to be a homeowner (vs HPI++++++), having to be very balanced, and saving. Where that saving means don't qualify for any help towards housing in income drop. Now you're coming back with the heart-wrenching stuff (for the blessed owners), but also balancing it somewhat that renters have it too... yes we do. It's all I've ever ******** known, with years of newbies tipping up telling me to "think of the homeowners" (if ever any HPC) and years more HPI++++++++. I don't want homeowners to have access to easy loan to secure their position at this stage, and prevent markets moving at margin, when houses up for sale been scraping multi-decade lows. Also there is a good argument for how more forbearance/help just makes final position worse / and all the while, it prevents market price discovery... with all the props you seek for any owner who may need to claim SMI/etc in future.... with unemployment so low.... with years of rates being floored to save the victim owners <2007.... and all the rent many of us have paid out, with no equity to show for it.... just prices far higher than 2007 in so many areas. You're here claiming how NI should pay out massively for the homeowner if they need to claim (you didn't mention renters back then... just your position on how renters have it better - when we get nothing over a certain amount of savings). They should have a financial reserve, and many (including example I gave with buyer from 1998) have fortunes in equity. Not losing homes. Forced by their position to have to take some action in order to restore their position - including downsizing/moving cheaper area. Tragedies indeed. It's all I've ever known on renting side. Then all the ones playing up the tragedies but for owners... (I've never read about any of them) for homeowners. Know plenty about hardship for for renters. Look; it's not a fantasy land. You design it by having savings in reserve as homeowner/their positions... saving vs your view about how people think it's spend all you get (certainly not my view on renter side/would-be owner). If you wanted renters tenure to be improved you should have pushed for it during all those years you've claimed to have lurked on HPC. All I read now is positioning to protect HPI from you. The main quest (tragedies). No; I don't want the taxpayer picking up mortgage for anyone with £100K-£300K+ of equity, with so few homes on market, and priced out GenRent. It's their responsibility for their own mortgage. So noble.. secure roof over people's heads.. need system to best protect the homeowner (tragedies losing homes human-shielding it). Had 10000s of posts about the innocent homeowner* over 10 years a HPC member renter-saver - and view that renters would take pleasure in misfortune of owners, and 'collateral damage' together with your 'tragedies'. Broadly painting that some owners might not be as smart as others, so begin the bailout for all owners. It's just life and balance. It's not about the taxpayer keeping you in a lifestyle your accustomed to in half-million-pound house etc. We can all see the asking prices.... You've not been on forum long, and so many of your posts seem hard-tilted to protect-HPI. Yes there are always bad-luck stories. 6-7 out of 10 homeowners have no mortgage. My family madly priced out of ownership. You tipping up with tragedies of the homeowner / bigger NI payouts if they need to claim / how renters have it better for claiming (nonsense for most of us as renter-savers with a spit of saving toward buying one day vs these prices).
  16. Yes; whenever I'm feeling a bit down, I run some of the numbers of BTLer borrowing, making a rough guess at their positions into S24, on types of homes so many BTLers been buying around here, and price they've been paying - with those family homes hitting rental market soon after purchase. I've even paid for LR Register for a few of them, to see who was behind the lending. Even Alan Turing's former home in Wilmslow was bought for around £925,000 in 2014, and within a few months, hit the rental market !! That just does my mind in. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43819389&sale=74199411&country=england http://www.rightmove.co.uk/property-to-rent/property-37832697.html As for BTL lending/borrowing to non-homeowners, I bookmarked this source a few years ago. Can't imagine the position has changed much, or if it has, then surely it hasn't become easier for owner to move into their BTL property? Although I have to admit that I'm not fully certain of current position, and only known housing-market disappointment after disappointment.
  17. Negative equity; HPI+++ has been my negative equity. No equity built up on rents paid up to BTLers. Homeowners who find their homes are worth less than peak/less than they bought them for (if HPC happens which so many people do not think possible) they would not be victims. Good post Phil321 and I have a lot of time for your posts, even as a BTLer on the wind-down, as you've been very honest about your overall position, and never posted it being anything to do with "charitably providing homes" or any of the other run of positions the 118ers and other BTLers come out with about Government 'unfairness' to BTLers. That is likely to be so! However will they be listened to? My position, and that of many other people, has been one of ridiculous housing inequality - and power just hasn't wanted to know for so many years (but suggestions they are having to move on BTLers with all the responses from HM Treasury to the BTLers - including finally getting a bit snappy with Bosher). People See What They Want To See (Ralph Waldo Emerson + others); now reading BTLers in tax-exile having a go at benefit claimants. Read the Bosher report for how she sees the world with BTL empire. Maybe all their whine will be drowned out in a turn, especially when younger people begin to realise that it's not GenRent forever and real opportunity for them to advance in life emerges. Bosher has already been given some reality from HM Treasury themselves, when she began getting snappy toward them as 'servant' types and "young people with no idea about life". And BTLers should actually be embarrassed imo. The overall narrative (societally) could easily switch to BTLers who should be embarrassed for their actions. I see BTLers are not impressed with one Labour politician (although she may also have an investment property herself) - with her having had bad experience renting in past, and her general position being that 'rich landlords' should STFU about UC, and help tenants who have less money/a few missed rental payments. Would be harder for losing BTLers/HPIers to push back into that. Of course they still have VI willing to help them do that now, including Telegraph in recent years, claiming GenRent just jealous, and that S24 is "Alice In Wonderland Tax" - whereas Blandy described the BTLers as making "An Alice in Wonderland Attack on The Tax Changes." Maybe the Barclays not-a-homeowner-but-willing-to-lend-for-them-to-buy-a-BTL, is more a matter of reinforcing other BTLers to keep buying at this stage of things? Spin... news-story. Get BTLers/HPIers thinking all still wonderful in trying to farm GenRentForever, with Section24 soon to ratchet down? Just this snippet - I've bought this book about 10 times to give to other people. Banks are there to sell money imo. And at this stage of things, they are lending to those who can repay in event of a turn. I really believe there has been a push on to bring in more BTLers, so the BTLers carry a correction, not the banks. The BTLers put down deposit, and have equity in their own homes. Yes the Barclays product a bit of concern, but as Bland Unsight once posted; "You can't read the tides by watching how a few waves break." Let them dance in further. A hunter with a visible snare catches few rabbits.
  18. It's buckers/'wasbuckers' - what do you expect? Place is teeming with HPI trolls/BTL trolls - although I have to keep reminding myself of the blindness here. People so inner-good that they are led like puppets into the HPIers/BTLers positions.. ."They just wanted a home" - "Yes I'm going to have sympathy-sympathy if any HPC, for recent buyers not as intelligent as me/don't know what they are doing at all no matter the asking price" - x 8 years of posts and prices in some areas doubling or more" - (led straight into it by HPIers and BTLers on forum). It serves his position to claim banks will go down in event of any HPC. (Try get more nervy HPCer buyers buying) It serves his position to want a debt-jubilee and savers even more wiped out. (Try get more buyers in now) HPIers/BTLers... I'm up against them elsewhere all seeking a debt-jubilee to save banks (and with their plans to buy more homes from the 6 they already have rented out to GenRent priced out). Maybe he's selling a few BTLs into it. Although all his thousands of posts (2004/2005 member irrc - certainly active in 2005) seem to have been stripped out of HPC, with only a few quoted by other HPCers remaining. Plenty of VIs here to spin their positions. How BTL a greatness/providing homes / best investment returns for intelligent people - where else you going to invest (?). How banks are toast in event of any HPC (x so many posts). (Haha renters.. you going to get even more financial hurt on top of the BTL greatness I'm a champion of hurt). How your savings going to go poof (unless you buy soon). How going to be mortgage jubilees for the debtors. How innocent homeowners need more special protections (10 years of posts). To be careful what we wish for. On and on it goes.
  19. Surely if you just lowered the price you would find yourself a well-qualified proceedable buyer. No one is dragging anyone into BTL mortgages, no matter how 'easy' they are to get. So you want to make a point how it's "so easy" (the lenders the big bad) to get BTL mortgage, when you've had a good look at taking BTL mortgage yourself. It all comes down on the BTLer imo. Without a BTLer applying for BTL mortgage, then no BTL mortgage is made (although would prefer to see lenders remove them... perhaps they will into/after HPC) and the greedy multiple house owners having taken the knock/losses. Although you have your own view about housing/BTL. "Sensible way to get income in retirement" - "More and more homes for special people" (already housing wealthy/rich) and renting priced-out for others. I hope you do go BTL. Get as many in there before HPC. Although hard to change minds, even after 10 years on HPC, some still willing to embrace BTL for their own advancement/position. It's why there is no "we' (collective good). Just selfishness to extremes, and only way to rebalance through actual rebalance (IMO) (not cuddles and education and excuses that BTLers/HPIers "couldn't know" / "innocent") and having a stomach for it. None of them innocent. All of them knowing full-well what they were/are getting into, in a housing affordability crisis/supply crisis for mostly GenRent. And as I posted elsewhere yesterday, the few younger non-owning people who use Barclays/other BTL (without being owners) are not FTBs. They are investors in property speculation/rentiersims. Doesn't matter how easy it is to get BTL mortgage - I don't want one. Choice. Indeed it could be argued they are even more culpable for their actions, for they can see the shaper hardships GenRent young have from their own age group on more regular basis than older BTLers. Although all of them (BTLers) know full well what they're doing imo. "All-about-me."
  20. Also renters (with no savings) have limits on what state will pay to their rent (30th %ile or worse now). Most renters are just 2 months from leaving 'their home' at whim of landlord. I mentioned my rent was £9500 a year the other day.. it's actually just over £11,000 (just over £900pm) Post replies below from 2012 - from a thread begun by homeowner on HPC, having massive whinge about how hard/unfair his life is, after change to his income/employment. Hmmm... my position since 2012.... HPI++++++ prices even further out of reach, so many older homeowners happy with HPI+++, loads more money paid to BTLers. And back on HPC forum... homeowners arguing that renters have it better than equity rich homeowners. Bought in 1998. As I remembered it, a flat in prime-ish area where values very expensive (maybe London). Self-admittedly over 50% equity. Small mortgage at outset in 1998 vs what would be required for most renter-savers to buy it today, mad-gainz HPI, and still got mortgage, just a couple/few years away from state-pension age. He too thought the imbalance was on renters side !!! (Ridiculous and just homeowners who can't get their blinkers off imo). Young vs HPI++++/BTLers/and payouts for homeowners to keep them in position, vs renters who've managed to save a spit of money (vs these house prices.. even back in 2012 nevermind heading into 2017 where prices here now 40% more expensive than 2012 - disqualifying them for help with rent. Oh and all the stuff from him about renters being "bitter/hating on homeowners" like him.. and how 'my equity means nothing to me - it's my home'. Well equity does matter. 1998 buyer... HPI++++, still moaning. Prices can't fall unless more owners willing to accept lower prices. Not for state to come in (as some here want more of today) paying out massive new benefits for homeowners !!! Going on and on how renters have it easy/better. So untrue (deliberately using only the poorest tenants... and even them likely to have had hardships put on them via BTL/HPI+++ extremes). Doesn't surprise me it's from owning side who aren't keen for any HPC. Tiny mortgage (but enough to still put him at risk and 'needing state help' for hadn't paid it down - buyer of 1998)... moaning on and on how easy life is for renters vs someone in his position !!!! And in my area prices are up some 40% since 2012.... yet still the calls that the homeowner doesn't get enough help if their circumstances change - vs the got-it-all-renters. 1998 !! He bought in 1998. Income/employment change just a few years from state-retirement age, living in one of the most expensive cities, with fortunes of equity. And it creates hardship to others who have to pay for it, who already have so much less than the homeowners equity rich who push for even bigger protections, still in 2017, where prices in this area 40%-ish up since 2012, when we already renting for years priced out. And so many owners enjoying low rates (via policy/qe). They just want to stop anyone needing to sell for lower prices imo. It becomes plight. Whereas renters (including with young families of their own) 2 months away from losing their homes to BTLers, always on edge, priced out, in house price bubble in so many areas.... vs the plight of the 1998 owner !!! Equity Rich homeowner, living in super expensive home... loss of income/wanting better state payouts, comparing his plight as worse than renters..... This place is no home to me. Just a place where we pay £900pm in rent, and two months from being out at whim of landlord, and where the property has an issue we can't press the landlord to get fixed. And vs house prices that have ballooned and ballooned, and so much equity wealth with the older owners/BTLers. Yeah yeah - the hardships... vs approaching another £50,000 in rent paid out from my side to a BTL landlord, and wider house prices up 40% from 2012. And now more 'HPCers' in 2017 here arguing for more support for the homeowners in event of change of circumstance to their incomes. After 39 weeks, flood the homeowners with mad-gainz from NI paid in the past so they don't have to adjust/sell!! "Renters get rent paid for them." Some are acting like spoilt children. I read a lot of history - I know of real hardships. Well that was 2012..... more HPI++++ galore, HPI+++ worship, new BTLer full-on double-down... massive amounts of money paid to already housing wealth/really rich BTLers..... And so many hardships of today are not hardships (true) - but that's no excuses for bending reality that homeowners have special plight - and so many people deliberately trying to make it out that renters somehow have it better (when it's totally wrong vs HPI+++/housing financialisation and fact so many renting-savers qualify for no state help in event of income change, and have to cover it out of their savings (they made against HPI++++/renting years and years). Just want balanced system, where some here arguing again for more for homeowners !! All these years a renter, even just on my time on HPC... vs HPI++++ and BTLer doubled down... QE/rates floored to give opportunity to 'innocent' <2007 homeowners. Come on. And they rise when people willing and able to pay more for houses, month after month, year after year... zirp, scheme to protect HPIers equity to extremes... and even approaching 2018 homeowners VI wanting them to get more help vs the have-it-all renters. Great reply to all his position that renters get it better than owners.
  21. There are limits to what State can pay out. NI hasn't ever been about paying out huge sums to homeowners/claimers, although it's been pretty generous with SMI overall. I tell you again - I qualify for no help with my rent for I have over £25,000 in savings. I don't know the limit required to qualify but I should imagine having £25,000+ is way over savings level one can have, and qualify for financial-help with rent. That 'super post' I have distant memory of (limited benefits) was to do with it incentivising people to take responsibility for themselves, no matter how much they've paid in with NI. Younger workers (GenRent) paid less in anyway just on time, yet want owners (inc massive equity rich) to get big payouts to protect market at margin. As a renter, the current system means I do have to save, for can't rely on the state for anything. It's not my fault if owner side think it's a party of spend and don't save anything. You're suggesting that they should be paid out more in benefits (owner side) because they don't know the hardship of the world if their circumstances change, for they've been on a spending bender? You're introducing and mixing in other things here. I don't know much about the job-centre/employment office, but unemployment is at record lows. Yes I have read about tougher criteria, move to UC, sanctions for being late/not showing applied for jobs - which do at times seem harsh. However I doubt they treat 'everyone as shirkers' - but there are tighter controls for claiming, and they want people back into work. They have people to process and some of it comes down to owners applying for jobs / having to cut their cloth. It's not JC responsibility to find them an exact match for type of work/well-paid work they are looking for.
  22. Savings/Income dependent... and for income you wouldn't need to claim if circumstances had not changed - yet not equity. Back in 2009/10 I fully recall this system had one poster spend her husband's big redundancy and their other savings on a big home improvement session with new bling kitchen, car and holidays - all so they could qualify for SMI (which at that point had been made easier to claim, with 39 week rule ripped up). She was right.. "Gov won't let HPC happen" - that's what she said as they worked the system. Well I'm glad it's back to 39 weeks for the owner side. As I already pointed out, for the renter who has saved a spit of any money towards buying a house (with prices as they are in so many areas) you get no state help with rent. For the renters with any savings (vs these house prices), which often has been a slog to get to, while renting vs HPI+++, there is no immediate state financial help, and no state financial help after 39 weeks either. That's my position and the position of many other renters - vs quest for package of super payout financial help to owners with mortgages (no matter if they have £100,000+ of equity). If you truly wanted fairness you could have extended it to tenants/renters who have saved a deposit of £20K or even lot more. Instead yet again it's "renters get it better" when that's so far from the truth of matters Yes some renters have no savings.. a lot of them perhaps tenants of Mr Wealth Creator who has bought up hundreds of ex-LHA homes, and terraces, and is 'expert' at renting to lower income families. In this system fewer of them saved much where previously, before prices were so high, they had opportunity to perhaps save £10K which may have gone somewhere toward buying/deposit. Yes they can get state-help toward their rent, but I'm reading more and more BTLer Landlord positions that they want to get such tenants out (S21) when circumstances change - and also that the claimed state help doesn't cover the rent the landlord charges. We've had 10 years of rates floored, mortgage rescue, SMI was made easier to claim, for the owner side. You've been able to get (still are) state financial help with mortgage if you've got £100K+ of equity. Doesn't surprise me you're here arguing for more props for owner side though; for reworking of NI payouts for State to pay out big time for the owner side. It's not that way and it shouldn't be that way - and the only way it could be justified is via a loan against the equity in the home, instead of new system based on NI paid in. And also for renters with no savings, any state help is going to the landlord, and not anything they have any financial interest in themselves. Whereas owners get advantage of it going to covering their very own position. And renters who want to become homeowners, then find themselves up against more owners with no need to come to market (sell/downsize/move to cheaper area), with a system that floods the owner with even more state money, protecting the HPI for longer to the disadvantage of the priced out renter-saver. Forum has had this discussion many times over about NI paid in and 'what you deserve' if you encounter changed circumstances and smarter minds than me on subject had convincing arguments for why its a safety net only - although I can't recall one super post on the matter atm. How about taking responsibility for own mortgage/position for once, saving money.
  23. It matters because by their position you know they take pride in it - and have very different view to house prices than so many pushed out by BTLism and housing financialisation. It also shows life has been far easier for them with housing costs. It's a nonsense - they mostly all know how much their homes are worth and it has real meaning to them. Very few people can ignore the value of their homes. And that housing wealth to extremes is a reality vs GenRent. It's a nonsense that it's illusion - it can be sold/MEWed to money, or just give one a feeling of high smug bliss / doing so well / worth it. So it's just a bunch of "young kids" are just having "a moment" where they can't afford housing?????? That's all it comes down to? True some newbuild developers making big profits, but millions of older homes built in Edwardian times/Victorian times, are not seeing the money/profits going back to the builders of those homes. Many older owners owned for years... or upsized many years ago..... they are sat on housing wealth. Not those who they bought it from. I don't know your position on matters, but I think you're deluding yourself here, or deliberately trying to delude me/others, about the differences. Those older homeowners who've seen HPI to extremes, along with so many BTLers, are HPI wealthy/reaping the rental flow... and that is a very different position to those priced out in Gen Rent, no matter how you spin it. In this reality right now - it's a marked difference. My landlord with a home worth £750,000 - £1million pounds in this market, and then 5 BTL homes each worth £400,000+ in this market.... That's a very very different position to my own, paying best part of £9,500 a year in rent (and have done for years) to an elderly landlord, vs a years more BTLer double-down buying spree, rates floored, global QE galore, FLS, term funding scheme and on and on and on, with house prices 40% higher than 2007 in main areas I track, and lot more in London. Where he took early retirement and has had absolutely no concern about money. Where we've struggled to get a simple repair on one occasion (couldn't even get them to come in and look at it, and then decided not to push it, for they could try charging us more). It would be a very different position if he just owned that one home (and not all the other homes he bought from 1999 onwards, that have basically trebled and more in value and that he rents out) It's a reality when younger family (with babies/young children) have to both work/graft toward paying the rent up to him (vs more HPI++++) and older landlord only had a lower-level employment position when he did work, yet now has 6 houses, worth way over £1million+ and retired early - with credit crunch passing him by and no money worries at all. When younger renters always on edge about their position going forward on a insecure housing tenancy where can be given notice and have to leave in 2 months were landlord to choose. It is a big deal for it's the reality. Many gatherings I've been to where older owners talk about their mad-gainz vs renting loser. It's a reality. It's a total misrepresentation of reality to come in claiming it's not real/doesn't matter. I reject it the win side is all 'meaningless' - and those who claim it's not real, and play it down with "it will all go to squablling greedy sons and daughters in the end who won't be happy / on care home fees" (so it's all an illusion and just suck it up and be happy renting for it's all a done deal and you lost and the mad-gainz outright owners who've seen house prices x10+ and BTLers haven't really gained much anyway"). That's just ridiculous misdirection from the reality. Perhaps my BTLer landlord already helped by their son and daughter (my age, and I actually know them - they are close to their parents) their homes or put big money towards it in BOMAD, and put one or two of the BTLs/rental flow into their names. Regardless; it is not all meaningless, nor "an illusion". My issue isn't what they have (to extremes) - it's those who claim it's a nothing, and mostly on the young who are so hard-done by against it all, when they have to try and make their own way vs HPI++++/BTL and all the other props (QE/FLS) that have gone into supporting/reflating, and even more BTL lending from 2008 to 2017. I saw a chart of BTL lending from 2009 just the other day... crazy new BTL lending double down, by BTL landlords who choose to take more homes in a housing supply and affordability painful squeeze/grab on the young, to turn would-be owners into more renters. It's a reality in many ways - they feel richer for it... it's lot different to forever renters, some of who are no longer that young, extremely priced out by so many policy measures, long wave HPI, BTLers, and then all the other measures such as SMI (and those so happy to tell young to sofa-surf now so 'plight' and 'losing homes' fearmongering if some policies are less generous going forward). 6 to 7 out of 10 homeowners who own their homes outright/no mortgage debt. What's the 'go live in a cave' point to? I've already seen so many housing VI try to tell younger priced outs they are incredibly entitled to want a home, and tell them they could be happier/fulfilled by 'sofa-surfing'. So it's "only a home" - we're here on this forum because of housing financialisation. Not all priced out renters, but been plenty of happy BTLers and happy HPIers too. My position about some who should look to downsize = "how?" and "living in a cave" and "house prices are all an illusion" - it's total misdirection - either honest misdirection to yourself or you have a VI in trying to distort it here. No one is saying they should downsize, but the money/value is real, and it can be cashed in. So they can downsize. That's how. Oh so it's "just a home" and that's all. If price didn't come into it then I wouldn't be here pushing back against extreme housing financialisation, but prices are REAL. I guess all the £10,000 s of rent I've paid out over the years is an illusion to you as well ????? It's no illusion to me, and nor has been BTLers doubling down to buy millions more homes, at very high prices. Just an illusion / money doesn't matter / not real ??? What did Nick-Someone from Crimewatch sell his home for a few years ago in London? £millions in profit. That's cash money mad-gainz to him. Don't tell me it isn't all real. It's very real, and the young (no Bomads) carry it, along with millions of priced out GenRent.
  24. It came and then followed by 'They just wanted a home' / 'collective responsibility' / 'no other Central Bank saw risks' (runaway HPI/BTL), to furious global GE and other policy meaures to protect vested-interests, and in so many places, begin new furious HPI+++++++ and a crazy/greedy BTLer double-down. Crunch? Ipassed by so many older owners who happily post in Daily Mail how their homes worth x50+ more than when bought in 70s, 80s and 90s... expecting more HPI, and telling the young how they moan about nothing + ipads and stop eating sandwiches/do without holidays/work harder. h/t Jesse Columbo It's also made millions of older homeowners/ and 'business people' (BTLer idiocy in supply and afforadability crisis they only make worse for taking limited supply) think life is super easy (h/t Dorkins) and seen them embrace a selfish view of society... The reckoning has already been 10+ years and longer for those who resisted Societally Destructive Policies - no need for final reckoning (and so much doubt one coming anyway) - it's Gen Rent and 5 houses for my elderly landlord multi-million+ of HPI profitz and then near 20 years of Rent coming to him and his wife (his adult kids went to same school we did.). 20 years of ease, early retirement, up late, pottering around, holidays, cars - while younger tenants work and work and work to pay rent vs years of HPI++++++++ and prices 40% higher than 2007. I laughed and mocked them 15 years ago - and still do to this day - for their greed and HPI worshipness (wanting houses to get more expensive.. do something productive instead of treating homes as speculative investments) - their selfish societally destructive ways (BTLers/HPIers), but it's been a hard fight and they've taken so much (more HPI+++ more homes to BTLers / all the rent vs their BTL mortgage rates getting flatlined). Still fight for younger generations.
  25. What about the 10 years of people telling me that I'm bad for not having sympathy for buyers/homeowners? (for imminent hpc) And still getting those posts to this day; "the bad person doesn't have sympathy for when house prices fall." Ridiculous to issue sympathy to homebuyers vs 9 years of HPI++ reflation measures and casting all buyers as idiots/lacking -when so many on good money and others with considerable financial assistance to buy (BOMAD / Inheritiance), who simply chose to pay more than others were willing to in the market, and so many very happy with their choices... far better off than renters for their choices. Seen sympathy given for homebuyers who've sold it 5 years later for £300,000 more than they bought it for (in Bath) and so many other examples. Why would I weep for someone with £200,000 BOMAD for example. If it were to happen it's a matter of fact and degree, not blanket sympathy. Why would I weep for Blair's son for example if his super expensive parental money house falls in value? All been Operation Human Shield / Operation Unwarranted Superiorness -Constantly Wrong.
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