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King of the castle

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About King of the castle

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    HPC Regular
  1. Haven't you guys worked out yet that you conclusively can't move markets by spamming the internet?
  2. Not to mention the slight inconvenience of the updated graphs pointing to no crash!
  3. Renting for a decade, well I never! Did you never think of using some of your £100k a week currency gains to buy somewhere? Oh and if you're such a clever so and so why didn't you buy somewhere back in 96,97,98,99,00? At least we can see why you're such a bitter and twisted being, who wouldn't be having to pay 200% more for a property today compared to 95,96. Couldn't have happened to a nastier guy! KOTC
  4. Hi CrashIsjustafigmentofyourimagination, Tell us that really funny one where you pretend you make £100k on the currency markets again will ya!
  5. Sound like nice areas Slater, no feaking wonder you're having to drop your rents That's the thing with you, you realy think you're "it" whereas the reality is you're too up your own ass to miss all the opportunities around 24/7 /365. I guess that's what happens when you're given an empire as opposed to actually building one!
  6. Over the next six months instead of posting 1,500 posts on here and god knows how many on Singing Pig you could always use that time more constructively and get a better job/set up a business. Probably an old fashioned view point, but there you go Regards KOTC
  7. Hi TTRTR, I'm not too sure what you're trying to prove with this thread, because you wouldn't buy it yourself due to location/ex LA etc [as you said] and you're more inclined to buy circa 6% yield. Now call me old fashioned but I'd consider this way too low a yield, with maintenance taken off [and assuming no voids] you're simply making what you would in the bank [5%], You've got no guaranteed capital appreciation, and even if you did have you'd have to sell it to lift it ,as there simply isn't the cashflow there to remortgage into. My most recent purchase will net me 13% yield, on purchase price, and the cost of works required. My apologies for speaking 'against you', I normally agree with everything you say, but I just can't fathom out how you can buy at 6% yield and be pleased [and safe] with it. Perhaps OK as a one off individual BTL, with a seperate income to back it up, but the thought of an entire portfolio built like this, AND reliant on an income from it, spooks the hell out of me. Good luck, and best wishes none the less. Regards KOTC
  8. I never quite grasp how people like you focus on only 6% of mortgagees. You're too investor focused in a non investor dominated market mate. You see that's how I'm right and you're plain old fashioned wrong. Stick with your charts, CFD's, calls and whatever TF and leave those who know what they're talking about to comment. KOTC
  9. Hi again MBGA, You can get fixed rates to mitigate the risk of rates rising [complex stuff eh?] there's even a 20 yr fixed rate around 5% if you're really risk averse. So IR's going back up really aren't an issue are they? As for paying 90% of your initial payments in interest, yes you're right , however this is with a traditional 25 yr repayment mortgage, the obvious thing to do is over pay [which you'd be able to afford on only 3x joint income] The amount you need to over pay to bring a mortgage down, time wise, by a large amount isn't very much at all, simply because as you rightly point out over 25 yrs it's mainly the interest you pay off For instance £100k over 25 yrs will cost you £591 pcm @ 5% IR, but you'd only need to pay another £78 pcm to wipe 5 years off that 25 yrs to finish in 20 yrs. To finish a mortgage in 15 years is well within the realms of most people with simple planning, a bit of discipline, and a basic understanding of finance. By heavily over paying my first mortgage, by the time I was 27 I'd just about paid my first mortgage off in full, which then gave me a great capital base to further my business interests. Even if you can't afford to overpay initially, that's something you can work on further down the line, as even in a low inflation environment, even without personal progression, [ie assuming you're still in the same job down the line] you're still going to be on better money further down the line. IMO it's best to start paying a mortgage off as young as possible. Five years procrastination, renting, just means you'll finish the mortgage 5 years later in most peoples cases. All the above I advocate for FTB'ers, simple and effective, however there are other more complex ways of paying mortgages off but here's probably not the place to go into them. BTW a fixed rate of less than 5% IS cheap! [there's shorter fixes around as we speak @ 4.39% source A&L] and who mentioned free? You're getting back to looking for that money for nothing again mate! Regards KOTC.
  10. Hi Rich, 3X joint income, what pray tell is wrong with that? Bearing in mind the money you lend to buy the property is [relatively speaking] for nothing, I really don't see your gripe! I 'm honestly shocked that you're complaining about having to borrow 3X joint income! Such a tough old life eh? Regards KOTC
  11. Hi MBGA, Small villages only, no terraces! Just who do you think you are? You're going on as though you can't afford a single brick, and the reality is you're just starting out in life, so you have to crawl before you can walk. Beggars can't be choosers, we all had to start out on ground level, why shouldn't you? Buy what you can afford and work your way up, by bettering yourself within your work or better still your own business. So for example, rather than spend your time winding bulls up on Singing Pig and "gloating" [still not too sure what it was you were gloating about, but never mind] spend that time bettering yourself. When I was your age [when I was a lad ] I simply got on with things, and it's never done me any harm to say the least. When I bought my first house I seem to recall IR's were near 10-11%!!! I took the mortgage on [£700 back in 1991] and it certainly gave me the drive to push myself to make more money , which incidentally was my intention. Honestly, stop whinging, be a man, and just get on with things, it makes no difference to me if you buy or not, I'd love a crash as much as the next man [business expansion: AKA buying more props cheap with better yields] but it clealy isn't happening , as indeed I said it wouldn't . You have no right to a cottage, you have no right to the house that you desire, and just because you long and wish for a crash doesn't mean it's neccesarily going to happen! Face reality man! If you long for a specific car type and aren't prepared to compromise, you don't have the right to demand a 30% discount, you have to pay the price, if you want a top of the range Merc if you want that specific car you have to pay the price. It's just the same if you want a specific house type in a specific area, you have to pay the price set by the market, I'm sure the house type you want has a reason for it's premium? Well of course it does! Because it's "a cottage" and in a small village. My friend recently located down to Birmingham and he and his partner decided rather than live in the urban sprawl they'd buy some where smaller in the derby dales. Fresh air and country side They had to pay the premium in order to do so, a large one at that. Why? because other people also desired the same thing! Now if you want to put your life on hold and bet on a HPC then really that's up to you, good luck, may the best man win and all that. However you've got to get this "it's my right" crap out of your head! To "hear" you squeaking [sic] your words on here really makes me realise UK PLC could double it's GDP growth if people like yourself, those who want, without the effort, were given a good hard kick up the proverbial! [not literally you understand ] Regards KOTC
  12. Hi OM, I hope you don't mind me pointing this out , I know you bears are a bit slap dash when it comes to timing and dates but this is getting ridiculous .......... KOTC
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