beenhearingthisforyears Posted November 28, 2005 Share Posted November 28, 2005 New to this site and confused. In parts Cambridgeshire BTL very buoyant as large quota of overseas workers due in New Year. If FTB's and many on here who say "do not buy" + the new "arrivals" (believe this is happening all over Uk) then surely more rental properties are needed therefore fuelling demand? In London (where I live) I personally know people who are not legally entitled to be here/work but they are and all happily renting They need to live somewhere? And how many actually are here? This must have some impact on the countries economy? Plus because of tax liabilities many BTL's are looking at properties as their "pension fund" and hoping over time the properties will increase in value. Many of the overseas arrivals are happy to live in crammed conditions so landlords are able to up the rental yields and still give the tenants a good deal. Just my own thoughts and interested to hear from others who can explain the situation more clearly as I must admit not a clue whether to buy or wait?? Quote Link to comment Share on other sites More sharing options...
how much...?? you must be joking Posted November 29, 2005 Share Posted November 29, 2005 ..give us an A............ ..give us a W.......... ..give us an O...... ..give us another O... Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 woosh.........st8 over my head m8. as i said new to this site so no idea what you are talking about............ Quote Link to comment Share on other sites More sharing options...
undersupply Posted November 29, 2005 Share Posted November 29, 2005 woosh.........st8 over my head m8. as i said new to this site so no idea what you are talking about............ How about lurking 4 a while instead of flaming straight away? You'll have to pay the troll toll, if you dive in straight away. AAAAAAAAAAAAAAAAAAWOOOOOOOOOOOOOOOOOGAAAAAAAAAAAAAAAAA Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 flamming is not the same as asking a valid q's surely? Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted November 29, 2005 Share Posted November 29, 2005 (edited) New to this site and confused. In parts Cambridgeshire BTL very buoyant as large quota of overseas workers due in New Year. If FTB's and many on here who say "do not buy" + the new "arrivals" (believe this is happening all over Uk) then surely more rental properties are needed therefore fuelling demand? In London (where I live) I personally know people who are not legally entitled to be here/work but they are and all happily renting They need to live somewhere? And how many actually are here? This must have some impact on the countries economy? Plus because of tax liabilities many BTL's are looking at properties as their "pension fund" and hoping over time the properties will increase in value. Many of the overseas arrivals are happy to live in crammed conditions so landlords are able to up the rental yields and still give the tenants a good deal. Just my own thoughts and interested to hear from others who can explain the situation more clearly as I must admit not a clue whether to buy or wait?? I've colour coded your post. "Buy" lines are in blue, "Sell" lines are in red, "Hold short" (ie "Wait" to buy) lines are in orange, and "Hold long" (ie "wait" to sell) lines are in green. Stuff that shows no opionion (ie no clue one way or the other is in magenta. So, apart from lines where you say you are confused, you seem to have perfectly made up your mind. Oh, I almost forgot: awooga. Edited November 29, 2005 by Sledgehead Quote Link to comment Share on other sites More sharing options...
how much...?? you must be joking Posted November 29, 2005 Share Posted November 29, 2005 flamming is not the same as asking a valid q's surely? ..no.. it isn't... ..but having a username like 'beenhearingthisforyears'... ..and referring to 'you' renters as if to distance yourself from such a sorry bunch... ..well i'm afraid that is the same.. ..run along there's a good little troll.. Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 sorry but not "up" with the latest "crash speak" but very funny you all are i am sure..............."YAWN" Be great if someone could actually offer some opinions on my points or is that not allowed on this forum? baaaaaa there you have it i am turning into a sheep............ Quote Link to comment Share on other sites More sharing options...
Adam Posted November 29, 2005 Share Posted November 29, 2005 New to this site and confused. In parts Cambridgeshire BTL very buoyant as large quota of overseas workers due in New Year. If FTB's and many on here who say "do not buy" + the new "arrivals" (believe this is happening all over Uk) then surely more rental properties are needed therefore fuelling demand? YOU should buy as many BTL's as you can, you seem to have factored everything in there - GO FOR IT! Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 i was not stating fact but asking for opinions....the reason all my points were followed by question marks. just so frustrated after all the years of waiting for a crash. (hence my sign in) in london you can not even buy a phone box for less than £200k. Some ppl in london hav been waiting 3 yrs for a crash and latest figures in SOME good areas are showing increases. the city is awash with mega bonuses and some of these guyz are buying numerous BTL's instead of 1 penthouse......... Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted November 29, 2005 Share Posted November 29, 2005 and some of these guyz are buying numerous BTL's instead of 1 penthouse......... Who are they going to let them to when the economy turns?The easy money has been made in property.The more astute *guyz* will be investing elsewhere. Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 Who are they going to let them to when the economy turns?The easy money has been made in property.The more astute *guyz* will be investing elsewhere. Apparently all the Polish plumbers who are in London in their 1000's and cleaning up. heard they are buying all the penthouses? Quote Link to comment Share on other sites More sharing options...
selkirk Posted November 29, 2005 Share Posted November 29, 2005 (edited) New to this site and confused. In parts Cambridgeshire BTL very buoyant as large quota of overseas workers due in New Year. If FTB's and many on here who say "do not buy" + the new "arrivals" (believe this is happening all over Uk) then surely more rental properties are needed therefore fuelling demand? In London (where I live) I personally know people who are not legally entitled to be here/work but they are and all happily renting They need to live somewhere? And how many actually are here? This must have some impact on the countries economy? Plus because of tax liabilities many BTL's are looking at properties as their "pension fund" and hoping over time the properties will increase in value. Many of the overseas arrivals are happy to live in crammed conditions so landlords are able to up the rental yields and still give the tenants a good deal. Just my own thoughts and interested to hear from others who can explain the situation more clearly as I must admit not a clue whether to buy or wait?? beenhearingthisforyears There have always been illegal immigrants (beenhearingthisforyears?), and there always will be. Why should they have any more impact now than they have had in the past? Edited November 29, 2005 by selkirk Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted November 29, 2005 Share Posted November 29, 2005 Apparently all the Polish plumbers who are in London in their 1000's and cleaning up. heard they are buying all the penthouses? So they don't intend to stay then? Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted November 29, 2005 Share Posted November 29, 2005 What is the saying? we all get our five minutes of fame. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted November 29, 2005 Share Posted November 29, 2005 'EUROPEAN HONOUR FOR RONALDINHO' http://www.sportinglife.com/football/news/...R_European.html Well deserved IMO... Off topic IMO Quote Link to comment Share on other sites More sharing options...
selkirk Posted November 29, 2005 Share Posted November 29, 2005 What is the saying? we all get our five minutes of fame. I thought it was 15 minutes? Quote Link to comment Share on other sites More sharing options...
Mushroom Posted November 29, 2005 Share Posted November 29, 2005 What is the saying? we all get our five minutes of fame. Or is it infamy? Cue Frankie Howard. "Infamy, infamy, they've all got it in for me". Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted November 29, 2005 Share Posted November 29, 2005 Or is it infamy? Cue Frankie Howard. "Infamy, infamy, they've all got it in for me". Kenneth Williams,actually. (God,I'm turning into zzg113!) Quote Link to comment Share on other sites More sharing options...
Mushroom Posted November 29, 2005 Share Posted November 29, 2005 Kenneth Williams,actually. (God,I'm turning into zzg113!) Yes, your RAM better programmed than mine. Then, I am an early version! Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 This forum is like some kind of cult. lots of back-slapping and "aint we so bloo$y clever" I did not understand one single word of the sarcastic posts. So totally lost/wasted on me. No idea what your witty!? (yeah right) comments were on about, but it is obvious that a lot of point scoring goes on amongst members. PATHETIC!!! And can see the forum is a closed shop unless you wish to massage ppl's egos and agree with every word they say. Why is that? I respect others opinions and just do not understand why only one poster referred to any of my points raised? Just tried to bully boy me out of the school playground. Grow up ffs. Quote Link to comment Share on other sites More sharing options...
London Landlady Posted November 29, 2005 Share Posted November 29, 2005 Hi -you need to go read 3 threads: they will help explain the reception you got. You are being accused of being a Troll - (read the "Spot the Troll" thread - pinned at the top of main discussion area) Then they don't believe/like you as you are offering a bullish view of the market (contrary to the desired view) _ read the thread "New Posters beware the censorship on this site" - somewhere in the Troll sub forum I don't know what Awooga means either - but I have invented a meaning - Anyone With Opposite Opinions Go Away Oh - the 3rd thread is called "But to let a tale of woe" - my 1st posting - it was in the off-topic section (where it got moved to) but I think its back in the main section. Good luck Quote Link to comment Share on other sites More sharing options...
munimula Posted November 29, 2005 Share Posted November 29, 2005 New to this site and confused. In parts Cambridgeshire BTL very buoyant as large quota of overseas workers due in New Year. If FTB's and many on here who say "do not buy" + the new "arrivals" (believe this is happening all over Uk) then surely more rental properties are needed therefore fuelling demand? In London (where I live) I personally know people who are not legally entitled to be here/work but they are and all happily renting They need to live somewhere? And how many actually are here? This must have some impact on the countries economy? Plus because of tax liabilities many BTL's are looking at properties as their "pension fund" and hoping over time the properties will increase in value. Many of the overseas arrivals are happy to live in crammed conditions so landlords are able to up the rental yields and still give the tenants a good deal. Just my own thoughts and interested to hear from others who can explain the situation more clearly as I must admit not a clue whether to buy or wait?? I don't think there is any increase in rental demand which is why rents have been static or falling in most areas. They aren't even going up with inflation. If there was more demand than supply you would expect rents to go up. There have always been immigrants, legal and illegal, I don't think there are anymore now putting pressure on BTL demand. Unfortunately a lot of people are looking at BTL as their pension, possibly misguided as many are willing to rent at a loss with the expectation of capital gains in the future. Reading an article last week it isn't definitely the case that property will go up in the longterm, property supply in the UK could go into oversupply anywhere from 2010 onwards. Now is not the time to buy, we are at the top of the cycle and the downside risks are huge, people will go on about avoiding a crash, prices levelling out etc but the chances of a crash are even higher now, the economy is in trouble and that is likely to lead to higher unemployment which could provide the trigger that is needed. Quote Link to comment Share on other sites More sharing options...
beenhearingthisforyears Posted November 29, 2005 Author Share Posted November 29, 2005 I don't think there is any increase in rental demand which is why rents have been static or falling in most areas. They aren't even going up with inflation. If there was more demand than supply you would expect rents to go up. There have always been immigrants, legal and illegal, I don't think there are anymore now putting pressure on BTL demand. Unfortunately a lot of people are looking at BTL as their pension, possibly misguided as many are willing to rent at a loss with the expectation of capital gains in the future. Reading an article last week it isn't definitely the case that property will go up in the longterm, property supply in the UK could go into oversupply anywhere from 2010 onwards. Now is not the time to buy, we are at the top of the cycle and the downside risks are huge, people will go on about avoiding a crash, prices levelling out etc but the chances of a crash are even higher now, the economy is in trouble and that is likely to lead to higher unemployment which could provide the trigger that is needed. cheers and thank you for actually referring to my post. Quote Link to comment Share on other sites More sharing options...
London Landlady Posted November 29, 2005 Share Posted November 29, 2005 cheers and thank you for actually referring to my post. I replied to your post as well - see a bit further up. Quote Link to comment Share on other sites More sharing options...
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