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House Price Crash Forum

Buy To Let In The Firing Line In The R. O. I

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I think this quote on the forums say it all:

A huge proportion of my landlord/client base is up sh1ts creek.

Not only were their 'investments' never income positive, but they supplemented this shortfall from other areas of their business such as pubs. hotels or shops.

These business are now feeling the brunt of the recession and are themselves, income negative.

Double whammys all-round.

The only reason why no repossessions have occured is because the banks are not enforcing the full interest payable.

The whole property/BTL ponzi scam does strange things to peoples business sense and ability to spot a bad deal, is this down purely to human greed and a money for nothing attitutude, or is education failing us..or both? :(

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  • 432 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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