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Toby Anstis And His Btl Portfolio

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Your childrens TV presenter is probably your BTL landlord!

Sorry if already posted:

http://www.thesundaytimes.co.uk/sto/business/money/fameandfortune/article1521429.ece

"this place is like a broom cupboard..."

"you're right, I'll add twenty quid onto the rent"

01_P22FAM_1130700k.jpg

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We need to get Mr.Anti-HPC to tell him how he's a victim of the banks.. certificates on the wall... victim of media...

Do you own a property?
I bought my two-bedroom cottage, which is between Chiswick and Hammersmith, seven years ago for £650,000. It’s done very well since, not far off doubling in value.

I also have two flats in London W6 that I let. A couple of months ago I bought a flat in my home town of Maidenhead, Berkshire, which is also let now. The balcony overlooks the playing fields of my old school, Desborough College.

I remortgaged my house to buy the flats. I may remortgage one of them and buy another couple. Interest rates are so low and mortgages are so cheap.

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Every step of the way for the last 7 years... the Anti-HPCer bankrupt with his pathetic excuses for owners/buyers... whilst this guy celebrates another doubling in values, and adding more.

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We need to get Mr.Anti-HPC to tell him how he's a victim of the banks.. certificates on the wall... victim of media...

exactly why did he buy?...did he get the idea on his own.

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Of course he did.

It's a market.

There is greed and possession and overstretch and selfishness and recklessness involved; and whole host of other variables like sense of invincibility - riddled with flawed concepts that growing population / too few houses, means prices can only double every few years.

Accept it for once in your life.

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If you continue down your line of thinking then you're basically going to end up taking away accountability for the actions of everyone that ever existed.

He made his decision...he presented it to financiers, they backed him, he carried out his plan. He is now trumpeting his success.

If it subsequently fails, you are suggesting that understanding the drivers for his decision, and the way he was able to fulfil it, is in some way preparing an excuse for a later failure..I cant see how you can come to that conclusion, unless, you are following the logic of the unspeakable must not be spoken nonsense.

Thats like saying the man bought the slightly off tomatos because they were cheaper, but its not his fault that he got food poisoning.

Thats accusing me of approving of ENTITLEMENT.

But, ENTITLEMENT Is a very strong motive in the UK...we see it all the time...and we increasingly see it as an injustice with which people like the Daily Mail have a field day.

And you will find a good proportion of respondants to the hard done by this, or that, will have a great deal of support and somebody should do something.

Well, in the case of the tomatos, we have sell by dates, we have elf and Safety, we have trading standards and medical swat teams.

Im saying we should regulate the banks in the same way...Im sure more greengrocers and restaurateurs have gotten criminal records than bankers.

Is it really so evil to ask that sensible lending starts at the professional side?

Is it really so evil to ask that our pensions are invested properly, in sensible ventures, away from the casino of mortgages and QE'd stocks?

Is it really so evil that people are made aware of the very real risks they are undertaking when committing to a 25 year mortgage...which, in spite of what others insist, is misunderstood by many?

By the way, success articles are published to get others to join in the success.

Edited by Bloo Loo

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Exactly that Billy Ray; well put.

If such buyer/investor enthusiasm at these prices (no one is dragging anyone in to banks and forcing them to take on mortgages/multiple mortgages) - belief teaser rate mortgages forever, coarse chronic entitlement and greed.... AT THESE HOUSE PRICES, is leading to the biggest HPC of all time... then I'm on the banks' side. Let them rope the idiots in. We've suffered 7-8 years of 0.5% so banks can restructure - we lost.. they didn't go under 2007-09. Main UK banks aren't going under now. If they do, then my view is house prices are going to fully crash to dirt cheap levels first. Yet some people still want banks to be broken and destroyed - (many of the bubble 1.0 bankers are out the door now) - with very little concern for house prices correcting, so much on the buyer/owner side. There's MMR. Banks are NOT there to guarantee buyers HPI doubling and trebling spreadsheets in their heads, nor are they responsible for buyers who expect ever more HPI.

With banks in far stronger positions with their balance sheets to ride out HPC, and many under new management with younger smarter people - West Brom and younger Chief Exec with a far more prudent background.. their new HQ being built for hundreds of staff .... (and my theory being huge volumes of fresh mortgage debt is the only way to defeat existing levels of debt for banks and gov)... buyers right now are making their own decisions.

Whether it's to upsize, keep old place rent it out and buy another (thread after thread right now on MSE, and has been for years), or for FTB £quarter million HTB newbuild small house box.

We all want a house/home; but some of us not prepared to pay anything like the prices being asked. And if someone has it in their head to keep acquiring BTLs... meeting banks requirements for security, that's the investors own decisions. Not just media / certificates on walls on banker's office / suit and flash pen. People are riddled with greed and complacency.

Look at that 70 year old holding out for £800,000 the other day.. wanting to downsize, but holding on for ever more HPI; 'not going to sell it for less than it's worth' - and such poor inventory numbers of houses on market. Owners could sell now if they wanted, mostly at very high inflated peaks... so few houses on market, so save the excuses going forwards, especially as buyers still pushing and falling over themselves to buy, and new landlord appetite.

And who knows, for all these excuses, just like over the last few years from same HPCers back when this Toby guy bought a place for 50% less than an EA would list it up today, there could be another 100% HPI gain ahead, if more pensioners release to people-farm. It's a market, not just a "owners/buyers are victims."

Edited by Venger

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He made his decision...he presented it to financiers, they backed him, he carried out his plan. He is now trumpeting his success.

If it subsequently fails, you are suggesting that understanding the drivers for his decision, and the way he was able to fulfil it, is in some way preparing an excuse for a later failure..I cant see how you can come to that conclusion, unless, you are following the logic of the unspeakable must not be spoken nonsense.

Thats like saying the man bought the slightly off tomatos because they were cheaper, but its not his fault that he got food poisoning.

Thats accusing me of approving of ENTITLEMENT.

But, ENTITLEMENT Is a very strong motive in the UK...we see it all the time...and we increasingly see it as an injustice with which people like the Daily Mail have a field day.

And you will find a good proportion of respondants to the hard done by this, or that, will have a great deal of support and somebody should do something.

Well, in the case of the tomatos, we have sell by dates, we have elf and Safety, we have trading standards and medical swat teams.

Im saying we should regulate the banks in the same way...Im sure more greengrocers and restaurateurs have gotten criminal records than bankers.

Is it really so evil to ask that sensible lending starts at the professional side?

Is it really so evil to ask that our pensions are invested properly, in sensible ventures, away from the casino of mortgages and QE'd stocks?

Is it really so evil that people are made aware of the very real risks they are undertaking when committing to a 25 year mortgage...which, in spite of what others insist, is misunderstood by many?

By the way, success articles are published to get others to join in the success.

WTH? I don't understand the first part, but 'slightly off tomatoes', I suggest you mean 'over-valued and bought too many' - with a view "The banks should have prevented him from buying now he's facing LPA Receivers / bankruptcy / the fact of life "... if so I want to throw your tomatoes at you. No one forced anyone to have entitlement to buy ever more properties, and people-farm, at ever higher prices.

Hopefully it is all leading to HPC and banks better capitalised, pulling in these buyers/investors in at ever higher prices last few years, and quietly restructuring.

Have you ever accepted personal responsibility for being repossessed in early 90s and going bankrupt. The banks were not at fault for your HPI spreadsheet when you bought at around that old 88-89 peak. You made your own decisions. Thankfully you went bust for I fear you would be absolutely one of the worst HPIers around today if you'd survived.

thats me in 1987. done a spreadsheet on my forthcoming house purchase to project its value.

boy was I blind.

Some of us can resist, with house prices so ball breakingly expensive, and knowing interest rates can rise, companies can hit recessions / cutbacks... deflationary forces in play.

There's MMR, lending multiples recently lowered again... then there's these house prices - if regulated lending and especially unregulated lending is pulling idiots in, with security for the banks to go for later into a big HPC, that's fine with me. Also many a jumbo mortgage being written by smaller specialist banks to fulfil the HPI forever lust. Was for the last £2.35 million mansion in London I looked up, with the landlord owners, having their own near identical house opposite. Hoping to see them busted with HPC.

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WTH? I don't understand the first part, but 'slightly off tomatoes', I suggest you mean 'over-valued and bought too many' - with a view "The banks should have prevented him from buying now he's facing LPA Receivers / bankruptcy / the fact of life "... if so I want to throw your tomatoes at you. No one forced anyone to have entitlement to buy ever more properties, and people-farm, at ever higher prices.

Hopefully it is all leading to HPC and banks better capitalised, pulling in these buyers/investors in at ever higher prices last few years, and quietly restructuring.

Have you ever accepted personal responsibility for being repossessed in early 90s and going bankrupt. The banks were not at fault for your HPI spreadsheet when you bought at around that old 88-89 peak. You made your own decisions. Thankfully you went bust for I fear you would be absolutely one of the worst HPIers around today if you'd survived.

Some of us can resist, with house prices so ball breakingly expensive, and knowing interest rates can rise, companies can hit recessions / cutbacks... deflationary forces in play.

There's MMR, lending multiples recently lowered again... then there's these house prices - if regulated lending and especially unregulated lending is pulling idiots in, with security for the banks to go for later into a big HPC, that's fine with me. Also many a jumbo mortgage being written by smaller specialist banks to fulfil the HPI forever lust. Was for the last £2.35 million mansion in London I looked up, with the landlord owners, having their own near identical house opposite. Hoping to see them busted with HPC.

Great post Venger :D

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^

Not a personal attack. You hold views I strongly disagree with, more suited to MSE... for we here know about dangers of excessive debt and that house prices can/could fall, and that banks don't exist to cuddle you/borrowers, and you have a history which involved HPI projection spreadsheets. Perhaps some of use were brought up differently, and you just too easily assume the majority have HPI spreadsheets in their heads? And if/when it doesn't work out bankers are to blame. However it has worked out for many buyers/owners.. but may come to a sudden stop.. and I won't be putting up with excuses about media/just wanted a home, into a HPC, for more recent buyers and overleveraged investors... passing blame on to much stronger positioned banks.

I have reluctantly accepted banks have been bailed out over last 7-8 years, where others have caught bubble 2.0 fever and pushed prices to big new peaks in many areas. For wanting lower house prices, and telling it like it is.... that this small screen celeb-investor is making his own decisions; that he's not a victim of any bankers / media. That he has final responsibility for whatever occurs with market (and that could be more HPI, as it has been for last few years, with the same excuses for buyers from years ago).

That some of us can resist buying at stupid high prices for a home for our families... despite reading about the success of a former children's TV celeb is having in property. Let alone ever wanting to have more than one property (even if prices were crashed - vs those happily CHOOSING from their own MARKET INTERPRETATION to pay current prices).

By the way, success articles are published to get others to join in the success.

Fact of the matter is, all those who have joined.. whether read media or not... whether Bomad or Grandparents, or TV history shows showing house prices were £250 in Edwardian days or £3500 in 1950s for a house valued at £400K today... everyone is responsible for how they interpret the market, and the decisions they make.. No one is there to guarantee you won't get hurt. "Below average intelligence owners/buyers"... excuses. Even at these prices, with no HPC, and so many of us wanting HPC for better value for our own families. It's a market.

Not just bankers to blame for those now pushing and falling over one another, to pay new peak scary peak prices, as they have been last few years (against ridiculous excuses for them all the way; "Bankers to blame" - "They just wanted a home" - as it was when soft HPC was starting into 2007-09)... The vast bulk of ill-gotten gains from the credit expansion exists at £TRILLIONS in homeowner equity. If stronger banks pulling in buyers at ever higher prices, with volumes falling, able to handle a HPC, then buyers today are making their own decisions, as are 70 year old owners holding out for £800K and making posts on MSE about wanting every penny from a buyer..

Made up excuses on the buyer side at these prices, where in MSM, other forums (renting out and buying bigger place), and in real life, so many buyers/owners full smug and happy with decisions they have made last few years, and continue to make / plan to make.

xds42a.jpg

If you continue down your line of thinking then you're basically going to end up taking away accountability for the actions of everyone that ever existed.

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Seen and read of many such BTL expanders in recent years.. woo-hoo interest rates so low... don't blink at the actual prices you want to pay.

Do you own a property?
I bought my two-bedroom cottage, which is between Chiswick and Hammersmith, seven years ago for £650,000. It’s done very well since, not far off doubling in value.

I also have two flats in London W6 that I let. A couple of months ago I bought a flat in my home town of Maidenhead, Berkshire, which is also let now. The balcony overlooks the playing fields of my old school, Desborough College.

I remortgaged my house to buy the flats. I may remortgage one of them and buy another couple. Interest rates are so low and mortgages are so cheap.

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There is a post somewhere asking Venger why he wants to see the BTL lot crushed, implying it's wrong to wish harm on them.

Wrong. Just because you can't see the misery in terms of a group of people in a camp with whip marks on them, the suffering inflicted on hundreds of thousands of native brits and immigrants alike is real, and it has damaged their lives. Many, many BTLers never consider this damage, and to add insult to injury think their 'success' is down to their hard work and they are providing 'a service'.

I really hope they suffer.

And I can say that - I am a BTL owner in Oz, as you know. I should be made to bleed from the eyeballs financially for taking that property off the market for owner occupiers (even though we will eventually live there ourselves). Instead, the Oz system actively rewards me for doing so. But if they change it so it becomes a millstone, I deserve that pain and have no excuse for whinging that it's 'not fair'.

And it's no because I am a masochist. It's because I can see society would be better if BTL was strangled at birth.

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And I can say that - I am a BTL owner in Oz, as you know. I should be made to bleed from the eyeballs financially for taking that property off the market for owner occupiers (even though we will eventually live there ourselves). Instead, the Oz system actively rewards me for doing so. But if they change it so it becomes a millstone, I deserve that pain and have no excuse for whinging that it's 'not fair'.

And it's no because I am a masochist. It's because I can see society would be better if BTL was strangled at birth.

Thanks wherebee; you get a pass for you bought that home to live in, after you relocate back when all your work contracts are completed.

Family friends are moving abroad for a contract.. an opportunity came up they never even imagined previously. They own a house and are going to rent it out. I don't hold any grudge against them doing so.

It's the pure rentiers and cheering HPI forever (at these prices too).. so I would like to see how they fare into a HPC, whilst allowing opportunity to younger generations.

Not this http://www.housepricecrash.co.uk/forum/index.php?/topic/187004-do-you-blame-people-for-getting-into-buy-to-let/?p=1102750635

There is hope, when even children of rich, multiple property-landlords (millionaire-valued) are snubbing all the rentierism, and even monies from it, from landlord parents. Let them buy a house at a lower price, via their own efforts/education/work.

I mean that's pure HPC below - hope - from the children of the landlord. Pure. (As I understand it, the mother and father own many 10s of properties, acquired from early 90s - millionaires in equity - one of the big PropertyTribe 'success stories'.)

Unlike here where so many people expect the landlords/other market participants to volunteer to HPC for the good of wider society - via 'softly softly hpc education decades' - instead of the reality that majority of housing VI ruthlessly protect their own VI)

Property Tribes forum...

26-08-2014

AB

RE: Is Generation Rent here to stay... and is that a bad thing?

I am very interested in this question, especially since my 25 year old daughter xxxxxxxx and her partner expressed their thoughts on the subject when they came to stay for a few days over the bank holiday...

Despite the fact we recently gave xxxxxxx her pay-out from a Trust we set up (being not an insubstantial sum) her and her partner work and live in central Cambridge. She earns a modest amount (but has a 1st class honours degree in Chemistry) and he's a PhD student, so they would still struggle to buy and would have to tighten their belts and continue saving first. (We have offered more money but she refuses it!)

Their thoughts go something like this:

"Why should we bother to scrimp and save and make financial sacrifices to try and buy somewhere, when prices are ridiculously high already and we have read some things saying they could crash again...

"Besides, most of our friends who are our age can't afford to buy, so we figure that the government is going to have to 'do something about it' when our whole generation gets old and has no property assets to pay for our care home if we need it... They'll have to do something!"

"Also, we don't know where we want to settle... Once H has finished his PhD, we don't know where he'll end up working, so it's not worth the expense of buying when we might have to move in a few years anyway."

"Besides, we like travelling and want to enjoy life, not become slaves to buying property!"

They also pointed out that they would probably pay as much for a mortgage as the rent they're paying (because it'd have to be capital plus interest repayment) and if the interest rate goes up they'd be "stuffed!"

I was quite taken aback... I can't believe this was my daughter speaking, when property investing has been her parents' life and good fortune!!

This really made it strike me how differently Generation Rent think!

JC

I am assuming your daughter grew up during the same period that her parents built their 'property empire'. I would expect some things rubbed off and she might be one of the more balanced members of her generation when it comes to renting vs. buying.

Sort of interesting how your daughter's views are grounded in opinion rather than science or even simple math. Given her university studies I would expect a semblance or scientific rigour rather than mob logic.

I do expect the student's belief that the government is responsible as that is the history of university education. Big brother sorts it and you just focus on your studies between pints.

Anyway, not to make this all that personal,...

I am hoping that Adam and I can have a wide ranging debate where some real issues are highlighted. I do not expect solutions from one webinar. It would be nice if we can agree on some of the main issues that can be researched or tackled later.

http://www.propertyt...ng-t-12139.html

Edited by Venger

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