happily renting Posted December 9, 2005 Share Posted December 9, 2005 Mrs HR is attending a buy-to-let seminar at work next week hosted by Phil Spencer. Just for fun mind. Suggestions please on questions to ask him. Quote Link to comment Share on other sites More sharing options...
RichM Posted December 9, 2005 Share Posted December 9, 2005 My friend says the housing market migth crash just like in the early 90s. What do you think Phil? Quote Link to comment Share on other sites More sharing options...
Dames Posted December 9, 2005 Share Posted December 9, 2005 How many sales have you lost with the death of residential property in sipps? Or alternatively. When are you going to buy a rug ? Quote Link to comment Share on other sites More sharing options...
oracle Posted December 9, 2005 Share Posted December 9, 2005 (edited) how about...... how do you feel being likened to the accountants at enron+worldcom? .....phil answers,I don't know who they are. ....reply with the reportage from said scandals. ....phil answers:I have not been accused of anything like that. ...your reply:YET...........neither were they until the sh1t hit the fan,then the investors wanted heads to roll....it's easy to be glib until it gets exposed. PS.hows martha allsop getting on in the slammer?.....has she had to pick up the soap again? Edited December 9, 2005 by oracle Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted December 9, 2005 Share Posted December 9, 2005 BTL seminars at work, that's a new one on me! Sounds like a responsible employer . Quote Link to comment Share on other sites More sharing options...
Jason Posted December 9, 2005 Share Posted December 9, 2005 (edited) Mrs HR is attending a buy-to-let seminar at work next week hosted by Phil Spencer. Just for fun mind. Suggestions please on questions to ask him. I assume Mrs HR works in the housing industry, or something to do with Phil Spencer? If my employer invited someone like Phil Spencer into our place, I would crucify him! And then tell me employer I could have done a better job at educating your employees. Oh, and you could challenge him on the rental return. Stating ARLA stats where most yields are 5% or less. Edited December 9, 2005 by Jason Quote Link to comment Share on other sites More sharing options...
happily renting Posted December 9, 2005 Author Share Posted December 9, 2005 (edited) I assume Mrs HR works in the housing industry, or something to do with Phil Spencer? Investment bank. Pays the rent. If my employer invited someone like Phil Spencer into our place, I would crucify him! And then tell me employer I could have done a better job at educating your employees. It's completely voluntary. I imagine she won't be the only one attending for the entertainment value rather than the sage advice. Edited December 9, 2005 by happily renting Quote Link to comment Share on other sites More sharing options...
Dames Posted December 9, 2005 Share Posted December 9, 2005 Ask him if he is regulated to give 'investment' advice? Quote Link to comment Share on other sites More sharing options...
oracle Posted December 9, 2005 Share Posted December 9, 2005 (edited) I would have thought an entire loft conversion would be more appropriate in Phil's case... why don't they renovate a disused prison?they are going to need just that type of accomodation soon....and lets face it,they really aren't hard enough to get away with community service so a spell inside is just the job. Oh dear, that's put me right off me bacon butty, that has... it's still gonna taste better than kirsties kebab! Edited December 9, 2005 by oracle Quote Link to comment Share on other sites More sharing options...
oracle Posted December 9, 2005 Share Posted December 9, 2005 (edited) Mrs HR is attending a buy-to-let seminar at work next week hosted by Phil Spencer. Just for fun mind. Suggestions please on questions to ask him. howz about.... are you aware that the practice of "tipping" is illegal. just this week columnists in the "city slickers" section of the mirror have been jailed for the practice. don't deny it phil that is what you are doing.....you have a vested interest in ramping property prices and the revenue are looking into your property dealings.....witha view to prosectution on the grounds of "obtaining money by deception" try that one and watch him sh1t himself in public!!! Edited December 9, 2005 by oracle Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted December 9, 2005 Share Posted December 9, 2005 Say that you have doubts about the viability of BTL at this point in the market cycle, having read a couple of informative threads on this website . Then duck . Quote Link to comment Share on other sites More sharing options...
teddyboy Posted December 10, 2005 Share Posted December 10, 2005 Ask him has he NAILED Krusty Allcrap? Phuck all to do with house prices, but has been buggin me for years? TB Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted December 10, 2005 Share Posted December 10, 2005 ask him wether he prefers shaker style, galler or mid chestnut for the most exquisite modern contemporary kitchen. also best check if its smoked glass or plain for the dividing wall for the office 'space' and would he prefer 12 ceiling lights or 6 in a diamond.? thats what id bore him with. though i wouldnt speak to him. if i attended this conference id sit and the back and when it was quiet id put my fingers down my throat to make a gibbing sound before expelling a string of bile. then id settle again to hear the rest of the show. or id entertain the other investers with a kite building excerise. keeping clear of any hungry moths that might infiltraite the framework. Quote Link to comment Share on other sites More sharing options...
Mog Posted December 10, 2005 Share Posted December 10, 2005 I assume Mrs HR works in the housing industry, or something to do with Phil Spencer? If my employer invited someone like Phil Spencer into our place, I would crucify him! And then tell me employer I could have done a better job at educating your employees. Oh, and you could challenge him on the rental return. Stating ARLA stats where most yields are 5% or less. Unfortunately, my employer has also invited Phil Spencer to do a BTL seminar. Hmm. I wonder if it's the same employer. (err, I am not Mrs HR) Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted December 10, 2005 Share Posted December 10, 2005 better still, id disable flood control. leave my flat. get on a london bus and hide at the back until it went back to the depot. then i would emerge from my hidden nest and take off in the bus. fist id pick up as many passengers as i could along the way, quoting things like. "all aboard, tits". and the like. then id let the speed build up along oxford st, before crashing into the conference centre right up to the stage. id discharge all passengers and then stand gloating at the crowd from the back of the bus, ringing the bell over and over shouting. "mmm -tickets to all stops wembley" Quote Link to comment Share on other sites More sharing options...
AnotherSTR Posted December 10, 2005 Share Posted December 10, 2005 Investment bank. Pays the rent. What can the employees of an investment bank learn from Phil Spencer? Quote Link to comment Share on other sites More sharing options...
happily renting Posted December 10, 2005 Author Share Posted December 10, 2005 What can the employees of an investment bank learn from Phil Spencer? How to blow their bonus? (err, I am not Mrs HR) I could ask you a few questions to make sure... Quote Link to comment Share on other sites More sharing options...
Alfie Moon Posted December 10, 2005 Share Posted December 10, 2005 Will Phil S being using powerpoint for his seminar presentation? If so would it be possible to plant a powerpoint presentation with HOUSE PRICE CRASH on every slide. I would pay money to see his face if that happened. Would it be possible to put some First Time Buyer Beware leaflets (From the HPC home page) around your office building, including in the toilets on the day of the seminar? During the seminar you might ask how the person he and Kisty helped to buy a house in Lincoln because they couldn't afford one in London is going on. At the same time point out that house prices are falling in Lincoln (see thread on HPC section about house prices in your locality) and that Lincoln saw some of the most dramatic falls in house prices in the house price crash of the 1990s. Smile when you have finshed asking your question and making your statements. Quote Link to comment Share on other sites More sharing options...
geranium Posted December 10, 2005 Share Posted December 10, 2005 "Have you been reduced to hosting company seminars because business is dead at your property search firm?" Quote Link to comment Share on other sites More sharing options...
happily renting Posted December 12, 2005 Author Share Posted December 12, 2005 Today was the day. She'll write up her experience when she has some time. A few pearls of wisdom: - Don't believe the media (i.e., the HPC VIs) - After Christmas everything will stabilise - The powers that be won't allow a crash - Don't btl unless you're in it for the long term, 15-20 years At least he was on the right track with the last one. Sadly, most of the audience appeared to be lapping it up. Quote Link to comment Share on other sites More sharing options...
eek Posted December 12, 2005 Share Posted December 12, 2005 - The powers that be won't allow a crash Its that old chestnut. Until I hear a sensible answer to how I won't believe them. For reference there isn't a means of avoiding in bar rampent inflation ala 1974-6. (It doesn't cure the problem but it does hide it). The market is heading downwards as soon as some people need to sell. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted December 12, 2005 Share Posted December 12, 2005 - The powers that be won't allow a crash God!!! How many times do I have to hear that sh** spouted by people!!! Its getting right on my **** Quote Link to comment Share on other sites More sharing options...
geranium Posted December 12, 2005 Share Posted December 12, 2005 - The powers that be won't allow a crash So how come the powers-that-were "allowed" the last crash to happen? Quote Link to comment Share on other sites More sharing options...
El_Pirata Posted December 12, 2005 Share Posted December 12, 2005 - The powers that be won't allow a crash So how come the powers that be were happy to turn round and royally shaft thousands of SIPPers? Answer that one Phil you ugly scrote! Quote Link to comment Share on other sites More sharing options...
happily renting Posted December 12, 2005 Author Share Posted December 12, 2005 According to Mrs HR: It was a fairly amusing way to spend an hour. The room was overflowing with future landlords no doubt dreaming of comfortable retirements funded by BTL profits. The seminar related to the London market only (something that wasn't made clear on the invitation). Phil was one of 2 speakers who had a 20 minute slot which conveniently overran so that there was little time for questions. He started by saying that potential BTL investors may be confused by the conflicting news reports about the housing market. He advised us never to believe anything reported in the press. As an example he mentioned the topic that everyone (according to him) is obsessed about - whether he and Kirsty were shagging, if not, was it because he was gay, if not, was it because they hated each other? This used up at least 5 minutes but he assured those of us who cared that the answer to all 3 questions was a definite ‘no’. Here’s a summary: - There is a chronic shortage of London properties and an increasing influx of students (British and foreign), workers from continental Europe and the U.S. on short-term contracts which is creating massive rental demand - Most graduates are saddled with debt and are priced out of the market. Even those that can afford to don't buy property because all they want is to have expensive holidays, plasma TVs, and live with their mates! This of course creates massive rental demand - Confidence has returned to the market in the last 2 months, and sellers believe that prices will rise in 2006, so they would prefer not to sell just yet. This is why sales volumes are stagnant but meanwhile the available housing stock is dwindling creating even more massive rental demand - It’s a shame about Sipps but property has always been a good investment in London, which will remain a rental hotspot for the foreseeable future - Be prepared to invest for 10-20 years since current yields are "tight" - Avoid being a forced seller (er, who actually plans to be a forced seller?) - This Christmas will be the start of a new market cycle, i.e. a period of stable house price rises (single digit annual growth) with a 5% rise in prices and rents in London during 2006 - There will be no more boom and bust because the "powers-that-be" have better control of the economy. This was in response to a question about the likelihood of a early 90s-style crash. - Stable capital growth will compensate the current low yields. This was in response to a comment that it was very difficult to get a mortgage on a London property where the rental income covered the mortgage payments - Future property hotspots will be Elephant & Castle, White City and Vauxhall Quote Link to comment Share on other sites More sharing options...
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