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Rents Must Fall

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Everything posted by Rents Must Fall

  1. I'm guessing this is BBB, back for another try. The fact that he SLIPS INTO CAPS despite trying desperately hard NOT TO and uses SMILEYS a LOT leads me to believe that themods have failed to stop his loony posting. Welcome back BBB. Does this mean you will stop using your other looney personalities then?
  2. No, he's just an idiot... (or an estate agent. Oh, same thing, sorry).
  3. Nicely written article. Highlights the problem with 'subsidising tenants' (a strategy proclaimed as viable by Time To Screw The Tenants and BigBrainlessBallclamp, among others) when capital growth stops. These fab 'but to let' properties then become open wounds, oozing cash. Bring it on!
  4. Arf! 's funny! Seriously though, it illuminates one interesting point. BBB was an almost perfect example of what Nick Taleb calls 'survivorship bias'. he thinks he is clever because he appears to have had some success at his little property empire (if it exists outside his head, of course). Being the kind of person he is, he can only ascribe this 'success' to his own genius - not the fact that in a rising market, even leaky boats float. HOWEVER (bbb caps there!) the true test is when conditions deteriorate. If a player continues to survive when the thing is going the wrong way, then yes, perhaps some skill is involved. In his heart (if he has one) BBB is undoubtedly aware that he is ludicrously obvergeared, and vulnerable to even a small fall. A 20% plus fall would no doubt wipe him out. Hence his constant presence here, trying to shout down the bears by muddying the posts - a loony endeavour of Canute-type style. He will, of course, return. sociopaths don't quit their obsessive behaviour because of a lame 'slap on the wrist'. You need to emasculate them with chemicals :-) I would suggest that we all return the favour, and head over to BBB's very own (useless) forum at BBB's crap forum and start posting ******, but unfortunately its too late, someone already has. London prices are back to Autumn 2003 already. Bring on 2002!
  5. Don't worry. He'll be back. As 'CCC' or 'Mr Imaginary Property Tycoon Warrior' or some such. That sort of psychotic/addictive personality can't stop.
  6. Sorry CF, wrong thread - I've got several windows open (and am a bit half cut - been at the champers this afternoon down All Bar 1 - they have Moet at £6 a glass - good value for NHG!) Can't even remember what loony BBB 'personality' I was trying to reply to! BTW, here's a 'BBB horror story' Greedy Parasite buys up slums, pyramiding as he goes and renting them out to DSS tenants. Brags long and hard about how clever he is. Market crashes, bank calls in loans, tenants get difficult, cheques are 'in the post', reposessions start. Fat f*ckwit ends up on the dole, in one of the very bedsits he used to 'own'. A sad, but inevitable story. Blames Labour Party and space aliens. Now rub your hands with glee.
  7. Don't be silly. Don't you know that us FTBs are 'just waiting on the sidelines' and will 'pile back in' at the first hint of a '10% drop'. Because obviously, we have all bee waiting so long now we MUST jump back into the market come the spring. Even a TINY fall will look like an ENORMOUS bargain for us, and we will all magically forget how long we have been waiting, what poor value property is, how fragile the economy is, and try desperately to 'catch a falling sword'. Oh, and don't forget that there are LOADS of 'BTL' people who will 'snatch up' as many as '15 or 20 properties' at the first whiff of price falls. (Not). This one will make the last one look like a stroll in the park. This time we don't even have a 'real' economy to fall back on - it's all built on credit this time round. Oh, I forgot, apparently we are 'all rich now', and there is 'an infinite amount of free money for everyone'. just keep Mewing, borrowing on cards, etc etc. Arf. Got cash?!
  8. Congratulations, BBB you little Sh!tkicker, u r going to get your wish.
  9. Hi BBB. You forgot to add 'and for the record, we all think BBB's posts are fantastic, and MY, what a giant willy he has'
  10. BBB had a bit of a nightmare yesterday. He came home from to school to find that his mum had tidied his room, and had not only put away all his little lego 'properties' but also found his stack of gay porno mags. Boy was he in the doodoo.
  11. the inside scoop on the story is here and it does indeed have a housing theme...
  12. So the clown expects falls of '15 to 20 percent'. And he advised her to take an offer almost 10% off her asking price - er, so the first half of his '15 to 20 percent fall' happened that afternoon, and the second half of it will take 2 or 3 years??? If she didnt take it, she'll get 249k for it later.
  13. It takes an IQ of about 3 to realise that there are very many people who *didn't buy during the last few years* for obvious frikking reasons. Like .. er .. people who were at school. Or people who were ill. Or people like BBB who were in mental institutes. Why don't you and "Bullcrapping Brainless Boglicker" p!ss off and start your own forum? www.whistling-in-the-dark.com springs to mind... BTW, anyone like to explain to me why over the last 5 years, with only 1 exception, all my landlords have tried to flog me the flat at the end of the tenancy? BTL must be REALLY good fun (and I am actually about the best tenant you could wish for) for 75% of 'em to want out...
  14. Just heard on the news that the builders Jervis have 'run out of money'... BBC quote
  15. Arf! Well said! Even though I personally believe the insane BBB is nothing more than a hormonally challenged teenager whose daddy has just been 'downsized' from his job at some seedy estate agents, the rest of the 'BTL' crowd have a HUGE problem. The Pro's are keeping WELL out of all this. They unloaded their surplus properties many months ago, and got top dollar for them. They certainly don't waste their time arguing on THIS forum! Thats why they are pros... That means all we have here are the amateurs. A greedy bunch of lazy good for nothings who think that they have been really clever the last couple of years. Like all greedy little sods, none of these BTL clowns will have understood that 'theres no such thing as a free lunch', and will have 'pyramided' their little property 'empires' frantically in order top feel like they were going somewhere. I have no dount many of them 'own' a lot of property. I also have no doubt that most of them have little or no equity in the inverted pyramids they have created. Even a small fall will wipe them out. For good. Bring it on, huh!
  16. That is just superb. 'Ferengi Phil', selling acres of the moon... appropriate, as his house price predictions are about as believeable as a frikkin Star Trek plot...
  17. don't feed BBB under ANY of his aliases. He's about as much use as a chocolate teapot.
  18. when are u lot going to learn NOT to reply to this sperm-encrusted *****pot? BBB under ANY of his names has no contributuion to make to society, except to die, and rot, thus fertilising a small patch of cemetery. If u keep feeding him, *He Will Keep Coming Back*. Is that too hard to understand???
  19. Its selling like hot cakes... ...in the middle of the Sahara at noon
  20. I know my current landlady is on interest only. I also know the figure. That's my new negotiating point in Jan!!!
  21. Jeesus. It went UP? But it went DOWN last month???? I don't understand - I thought it was a 'market' - i.e. it just went in a single direction, constantly, for ever... how can it go UP and DOWN???? Is something WRONG with it???!!! (capitals intentional) Arf! Methinks the NW is in *big* trouble. Anyone still have an account with them, move it fast!!! For those poor silly sods who 'took advantage of the low prices', I feel truly sorry. Anyone in London who bought within the last year at more than 95% LTV is now ... underwater. This crowd (if they actually exist!) are about to get a very cold shower, and almost instantly. I.e. they will give their hard saved deposits to ... us. Sad old world, really.
  22. thats it then. the crash is over. we'd all better buy, pronto.
  23. Who is this 'laurejon' bumpkin? And what does he have in his head instead of a brain? And fer krissakes wassapoint in posting this bullish twaddle on a 'crash' forum? His 'pleadings' for everyone to just keep on buying sounds *very* like the desperate bleatings of the previous BTL crowd as their 'portfolios' (i.e. tenements) slipped into negative equity. Next stop - the Banks start to call in the loans... Coincidentally, as I write this, Capital radio news is announcing that prices in over half of London's boroughs are 'lower than this time last year'. Now then, I *wonder which way its going the next few years* ... doh.
  24. There are only 2 interesting points about this thread. (1) 'Laurejon' is beginning to sound as if his portfolio just went underwater. That is, if he HAS any property. (2) BBB's "Best Friend" moved counties to get away from the unpleasant little sh!te.
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