Jump to content
House Price Crash Forum
Sign in to follow this  
FedupTeddiBear

Rent Increases Below Cpi - Dm Article

Recommended Posts

Starts with this good news but then unfortunately takes a somewhat pro-BTL turn. :angry:

Tried to quote article but having trouble... Link below.

http://www.dailymail.co.uk/money/mortgageshome/article-2630348/Rents-rise-5-12-months-buy-let-yields-remain-steady.html

The first comment reeks of desperation.
Edit: fixed.
Edited by FedupTeddiBear

Share this post


Link to post
Share on other sites
Rents always lag behind property prices, but they will catch up. As rents have lagged for some time and also with the difficulty in obtaining a mortgage i expect rents to increase by between 10-15% very shortly.

Yes, with wages going up at 1.7% a year and rents still at all time highs, rents are bound to jump up!

What planet is this guy from? I look forward to rents dropping in real terms over the next few years!

Share this post


Link to post
Share on other sites

There are a few BTL types doing viewings/painting etc. in this block just now (which feels about half empty) I doubt they will all manage to get tenants. I think the sheeple are going to turn away from BTL soon.

Edited by dances with sheeple

Share this post


Link to post
Share on other sites

The comments are interesting, many of the HPC themes are now pretty mainstream it looks like.

Like this one?

a111, Portsmouth, 55 minutes ago

The amount of rent the landlord gets is inconsequential. I know several people who have bought properties outright with cash, and plan on keeping them to rent out well into retirement. Even if rent prices halve, they will still keep hold of them and continue getting rent. And even if you have a mortgage, and even if the rent doesn't quite cover the mortgage, you are still better off putting money into rental property than a bank account at the moment.

Being right isn't a democracy, and this sort of malinvestment I will punish. Cash is dead money... we'll see.

Share this post


Link to post
Share on other sites

Like this one?

a111, Portsmouth, 55 minutes ago

The amount of rent the landlord gets is inconsequential. I know several people who have bought properties outright with cash, and plan on keeping them to rent out well into retirement. Even if rent prices halve, they will still keep hold of them and continue getting rent. And even if you have a mortgage, and even if the rent doesn't quite cover the mortgage, you are still better off putting money into rental property than a bank account at the moment.

Being right isn't a democracy, and this sort of malinvestment I will punish. Cash is dead money... we'll see.

Well that is the sort of Bull post that used to get trotted out on here all the time. Holding on to a property is one thing, getting a tenant who stays/pays/respects the place is something else, and there are repairs, council tax on voids and future tax raids on property owners. Many will sell up when they see prices slipping IMO.

Edited by dances with sheeple

Share this post


Link to post
Share on other sites

There are a few BTL types doing viewings/painting etc. in this block just now (which feels about half empty) I doubt they will all manage to get tenants. I think the sheeple are going to turn away from BTL soon.

I read a Edinburgh newspaper story the other week where they were getting very very excited at the prospect of HPI because of a new tram line planned.

It is the excuse you hear all the time; it's trippy the reasons they come up to justify forever higher house prices.

Just the other day one guy was hard-arguing BTL is "the new savings account for the ordinary man." That it's unfair to hope values fall, as there would "be no winners." What a freak of a position. Freak off freaks, we want lower property values, so prepare to take your "it's not earning anything in the bank" medicine.

Share this post


Link to post
Share on other sites

There are a few BTL types doing viewings/painting etc. in this block just now (which feels about half empty) I doubt they will all manage to get tenants. I think the sheeple are going to turn away from BTL soon.

1972314_682383158486929_1142285011_n.jpg

Share this post


Link to post
Share on other sites

1972314_682383158486929_1142285011_n.jpg

If you google where the tram line runs (it starts taking passengers in around two weeks) you will see that it is not going to be of much help to most sheeple owners in Edinburgh. For a start it is much scaled down from the original plans, and is also running alongside existing bus routes, increasing congestion and traffic (trams get priority on traffic lights) so if anything it would make those areas LESS desirable IMO. The story is just the usual ESPC crock of nonsense, the Edinburgh trams project has been dogged by delays and claims of incompetence and even corruption, so they are just pumping out some of the stuff sheeple like best (Pwoperdee Porn) to try and sweeten things up. Runs nowhere near my area (Gorgie) although it causes an annoying delay at Haymarket station on your way into town, and is not going to help BTL landlords one bit.

Edited by dances with sheeple

Share this post


Link to post
Share on other sites

There are a few BTL types doing viewings/painting etc. in this block just now (which feels about half empty) I doubt they will all manage to get tenants. I think the sheeple are going to turn away from BTL soon.

I don't think it will turn out to be as lucrative as they think it will be over longer-term......BTLs are sitting ducks both in tax collection, agents fees, voids, bad tenants and interest rates....and no base rate does not need to go up for mortgage rates to go up, lenders can decide what they want to charge for debt. ;)

Share this post


Link to post
Share on other sites

I don't think it will turn out to be as lucrative as they think it will be over longer-term......BTLs are sitting ducks both in tax collection, agents fees, voids, bad tenants and interest rates....and no base rate does not need to go up for mortgage rates to go up, lenders can decide what they want to charge for debt. ;)

Yep. By the looks on some of their faces the penny is starting to drop (not to mention the rent)

Share this post


Link to post
Share on other sites

Most BTLs aren't clued up. One I know didn't even realize that they'd have to pay CGT when they sell and they've got three.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   220 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.