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About pipllman

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  1. As there is no possible way for me to ever be convinced that a council can provide anything more cost effectively than it could be provided by a for profit organisation And as there is no possible way for you to ever be convinced that privately owned housing should play a large part in social housing provision There really is nothing more that I want to add that wouldn't be a rehash of previous posts I will leave the discussion with something on which we can maybe both agree: the current way of providing social housing is not the best way
  2. pipllman

    A Goodbye To All That Buy To Let

    is that my final badge from you or can I win some more?
  3. pipllman

    A Goodbye To All That Buy To Let

    It is, of course, both stupidity and ignorance working in tandem And add in pure luck in terms of timing too But, based on the results so far, I am very glad I did it when I did, in the manner that I did and I hope to have the opportunity to do it again at the same level of risk to reward. Twice ideally. Somewhat sadly, I don't think the market will give me that opportunity again in my lifetime. But if it does, I hope to be there.
  4. It is a topic that will rear its head now and then I suppose I would have a concern about 'drawing it all out in cash and keeping it in a box' in case they suddenly changed banknotes or something similar I think there is more likely to be a BIG QE than there is for negative interest rates
  5. pipllman

    A Goodbye To All That Buy To Let

    another badge! thank you kindly
  6. pipllman

    Uk Car Sales End Record-Breaking Run

    the EURGBP rate is currently making sales here of cars made in EU zone quite attractive to manufacturers if volumes are falling they may well subsidise the sales here to drive volume with tempting finance and other offers - as someone else pointed out, with 'free' money that they have access to via ECB / BoE
  7. pipllman

    A Goodbye To All That Buy To Let

    Proper job is very far removed from BTL / property / finance of any sort 4 no n/a 6
  8. pipllman

    A Goodbye To All That Buy To Let

    Yes, as an investment that I hope will work out well financially. I have a 'proper' job. It was in the course of that work that I went to Switzerland recently. Enough is getting closer, but I am not there yet.
  9. pipllman

    This Weeks Housing Market Propaganda...

    Another aparthotel is coming to York http://www.yorkpress.co.uk/news/13944838.__10_million_riverside_apart_hotel_planned_for_York/
  10. pipllman

    A Goodbye To All That Buy To Let

    There is an interesting response to a 118er from Rob Marris (Labour MP for Wolverhampton SW) http://www.property118.com/clause-24-and-housing-choice-an-open-letter-to-labour-mp-rob-marris/82097/ an extract of which... Regarding your 5 specific questions: 1. Rents should not go up as a result of this measure. The reason is that there is competition in the housing market and, due the chronic shortage of housing in many parts of the country, many landlords already charge what the market will bear. 2. Tenants should not be evicted as a result of landlords’ reactions to the measure. Legislation provides some protection for sitting tenants. If a landlord sells, it is likely to be another landlord who buys. 3. Clause 24 will have no impact on the level of homelessness. There will be just as many houses and flats after the introduction of this measure as there were before. 4. Clause 24 is unlikely to cause the supply of housing to increase. 5. N/A
  11. pipllman

    A Goodbye To All That Buy To Let

    Yes. If the price / yield / location was right, I would very much like to add to the portfolio. Haven't done so for over 10 years now. Last chance to do so was probably 8 or 9 years ago - which I missed for various reasons. There was a sniff of a chance just after the banking crisis, but I wasn't quick enough (caught massively off guard by the bail out) and missed out on a couple of houses that would have been OK given how things have played out. In and around York, I reckon it needs about a 40% fall before I could contemplate a purchase. Different for each property of course, but that's about the size of it. Will that happen? I don't know. But if it does, I hope to be there.
  12. pipllman

    A Goodbye To All That Buy To Let

    >Venger There are a few things you won't see me do - blame someone else for decisions I have made - moan about taxes / costs / regulation of LLs - ask for / expect a bail out if I call it wrong Other than that, I will wear any badge you want to give me.
  13. pipllman

    A Goodbye To All That Buy To Let

    I rented for a while earlier too - whilst I saved a deposit and considered where I could buy. By nothing more than the luck of being born when I was, it certainly wasn't as tough to save to buy a house back then as it has been in more recent years. It was by no means easy, but I do know that housing was much more affordable back then than it became more recently and that it was, therefore, much easier. Whilst I can't claim to know personally how depressing it is to be a renter/saver in this market, I know enough people that are in the situation that you describe to have considerable empathy. I know enough about the rented market to know that finding a good landlord is tough and that rents in many parts of the country are very expensive too. I can understand why you would never enter in property as an investment and why you have such disdain for landlords. I also know that neither my words nor my actions do nothing to make your situation any easier.

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