Jump to content
House Price Crash Forum

Btl Scum Regrouping And On The Offensive. -- Merged


Recommended Posts

0
HOLA441

The quote about power is just to emphasise how they thought they were the power (and in this case from 1998 buying up homes to rent out).

And they used that power, as many of us more and more priced out for years, as BTLers bought up more and more homes (MEW buy MEW... reason for very little equity in those homes in this example most likely, and many having a full life of bling-fun-multiple holiday times on the rent roll), to create the demand for housing they pretend to service.

Power has turned on them.  S24.  They were happy to be the power over tenants, having bought up so many homes, and for so many years tenants not been able to be heard against it all.   BTLer/HPI mindset.  Me me me me me and more of me.   Vastly superior (HMRC) power has been turned on many BTLers, when they were so used to being the power, and feeling invincible, with little thought to how it could be right for them to own/possess so many homes, and younger renter-savers priced out with so little.

Link to comment
Share on other sites

1
HOLA442
7 hours ago, Venger said:

Norrington: One good deed is not enough to redeem a man of a lifetime of wickedness.

Commander Norrington - Pirates of The Caribbean.

'normal hardworking people' - just landlords with loads of houses (errr when you're mad priced out of one on the Gen Rent side of things, that's far from normal) in a housing shortage the BTLers have done so much to create, but no shortage for themselves, with loadsahomes.

Is this another BTLer who has only just recently discovered S24 for their so called 'business' (investments) ?

BTL landlords since 1998....... more and more to 60 tenants... some career.

 

Almost 20 years.

Never paid back a penny of the capital.

60 tenants, so ~20 houses at 3/house. Or as it Scabby, 10 @ 6 Or if hes down North Marine Road - 20 @ 3.

Link to comment
Share on other sites

2
HOLA443
3 hours ago, Venger said:

 

211txKW.jpg


 

 

 

Greedy and self-serving to extremes imo (all these multi-property older landlords).  The trap has been sprung and really they should be cringing with embarrassment instead of still making out they are business-people and trying to push back against S24.   

 

I like the magical way his expense match the income left after paying the IRs.

WIth genius like that hes wasted running slums in Scabby.

 

Link to comment
Share on other sites

3
HOLA444
4
HOLA445
4 minutes ago, spyguy said:

I like the magical way his expense match the income left after paying the IRs.

WIth genius like that hes wasted running slums in Scabby.

 

He's basically a charity. Doesn't want a profit - just wants to house people at cost. 

Link to comment
Share on other sites

5
HOLA446

This bit stuck in my head:

'The average cost in England is £388.00 pounds per tenant for this service. We charge £75.00 each and often hear from our tenants how cheap we are and how pleased they are with our service. '

Agents are only allowed to bill the tenant the cost of any credit search - that would be the cost for the time of a admin and any credit search.

Now, bear in mind, most of this blokes tenants will be DSS, there's really no credit check to run. Is the rent under LHA? Is th person entitled to claim?

Whats that, 30 minutes of a 7ph admin. His 'cheap' 75 is still 10 times more than  the cost.

The fact there's people charging ~400 fees is *the* reason why the fees have been banned fuxtard.

Link to comment
Share on other sites

6
HOLA447
10 hours ago, spyguy said:

I dont understand the post.

He complains about S24.

Then says he's a business, so starts complaining about dividend tax too. Something he thinks was just made up.

All I can think is they own their houses personally, and run a letting agency for his and other's houses.

'We own a company that employs another 3 people besides us. We own properties ourselves which house over 60 tenants, and our limited company manages around 250 properties for other landlords. We have no problem paying fair taxes on any profits we make. It is the right thing to do. By 2020/21 our tax bill will go up to around £80,700 when we add up personal tax (the fictional profit from property rental), Corporation Tax (paid by my limited company) and Dividend tax ( a new ‘made up’, Tax). It is too much to bear and we will be unable to continue as we are. We cannot sell the properties we own as there is no equity in them. Some of the properties we own are worth less than their mortgage so if we sell them (and make our 60 tenants homeless) we will have no rental income, but still have some bank loans to repay.;

Compnay tax will go up when he adds personal tax?????

60 tenants. AS its scabby Id gues its mainly DSS and/or EE.

Id guess its these:

http://www.towerestates.co.uk/

I don't understand most of the posts made on 118. Often self contradictory, confused, entitled and misinformed. 

The model in 1998 was simple. Put down a chunk of money, borrow some...let the property and allow that leverage do some magic changing a £30k deposit into £80k, then sell, know you were lucky or added value by refurb....repeat if required. Moral issues aside (appreciate easier said than done) only a halfwit has been buying since 1998 and finds themselves in the position of this 118'er

If the halfwit decides to spend any profit on range rovers, MEW money out for next purchase and not repay any debt (debt is real....these guys just hadnt realised) then effectively they have allowed debt to rise up with house prices. That's not even leveraging,  that's a different crazy investment/borrowing model.  

Blames 'advice' re interest only....almost as though he couldn't understand what it meant or what you need to do with profits and gains. 

Dangerous and culpable. 

Edited by Pop321
Link to comment
Share on other sites

7
HOLA448
1 hour ago, Pop321 said:

Blames 'advice' re interest only....almost as though he couldn't understand what it meant or what you need to do with profits and gains. 

Dangerous and culpable. 

BTL is a business relationship which means that a BTLer can't blame the advice their were given as their are supposed to take their own professional advice when making decision.

Hence no-one outside of 118 will give them any sympathy - everything is self inflicted.

Also I would love to see his houses. £70,000 annually on refurbishment. I'm redoing our house after 10 years or so and except a bathroom its been £4000 all in including decorators...

Link to comment
Share on other sites

8
HOLA449
19 minutes ago, Houdini said:

BTL is a business relationship which means that a BTLer can't blame the advice their were given as their are supposed to take their own professional advice when making decision.

Hence no-one outside of 118 will give them any sympathy - everything is self inflicted.

Also I would love to see his houses. £70,000 annually on refurbishment. I'm redoing our house after 10 years or so and except a bathroom its been £4000 all in including decorators...

Not quite.

BTL loans, every took out as an individual, are commercial lending.

The regulation assume you can play with the big boys, even if you are dumb as sh1t.

Link to comment
Share on other sites

9
HOLA4410
10
HOLA4411
5 minutes ago, spyguy said:

Not quite.

BTL loans, every took out as an individual, are commercial lending.

The regulation assume you can play with the big boys, even if you are dumb as sh1t.

That's what I meant by a business relationship - no consumer protection protecting you from making stupid decisions.

Half the problem is that thanks to negative interest rates and mispriced risk (interest only BTL loans at rates often lower than owner occupiers could get) banks haven't had to correctly price BTL loans to match the real risk levels. That day will come and take most BTLers with it...

Link to comment
Share on other sites

11
HOLA4412
3 minutes ago, Houdini said:

That's what I meant by a business relationship - no consumer protection protecting you from making stupid decisions.

Half the problem is that thanks to negative interest rates and mispriced risk (interest only BTL loans at rates often lower than owner occupiers could get) banks haven't had to correctly price BTL loans to match the real risk levels. That day will come and take most BTLers with it...

An IO BTL is basically a commercial bridging loan, and needs to be priced like one.

No retail , FCA backed bank should be touching commercial bridging loans - they are specialist, high risk products. And attract a specialist, high risk price - 10%+.

No FCA backed bank should be providing non amortisng loans full stop.

Link to comment
Share on other sites

12
HOLA4413
7 minutes ago, spyguy said:

Not quite.

BTL loans, every took out as an individual, are commercial lending.

The regulation assume you can play with the big boys, even if you are dumb as sh1t.

 

Intelligence doesn't really come into it (on the 'innocence of BTLers'. vs 'oh-so-much-smarter banks').  

There's a guy working for Microsoft who I read whinging about S24 on his BTLs.   Wilsons with their math ability.  On and on it goes.  Many intelligent BTLers involved.

Also are former RAF Nimrod pilots notoriously lacking in intelligence?

It's more to do with how you see the world, as an individual, and how you see other people - imo.   Choices.  That comes down to something else.  Integrity?  Humbleness (or not).  Seeing other people as just as important as yourself (as homeowner) and not wanting to deprive them of homes (in housing shortage), to MEW gains, and buy a BTL/BTLs.  We are all lacking in many ways, and bankers are not all knowing.

And, "I need(ed) a pension is not an excuse.  Either is "Gordon Brown removed pension perks."  Nor is, "Low interest rates."

Some people on BTL-side have been buying for best part of 20 years (as you pointed out spyguy), house after house after house, reaping rent-roll, up close with tenants, counting their spare houses (and warm-glow of a representation of each set being yet another house they own... as one BTLer put it).   

This isn't some innocent lack-of-intelligence matter, where they hard-done by.   It's a lifetime of BTL involvement, with others in society paying the costs of it.  They know.  Vetting tenants, inspections... it's involved.  Passive investment but involved.  'An investment which requires some level of activity.'

Quote

 

Owning other people's homes isn't a addiction, it's not something you can accidentally fall into.  They have made a conscious choice to overlook the consequences of their actions, over and over again, for years.  

Nor is this a remote, arms-length or abstract evil. Landlords have to get their hands dirty, and be willing to throw their tenants out onto the street.  That, for me, is the line distinguishing what they do from the casual thoughtlessness we are all guilty of.

 

3LF0ydm.jpg

Quote

 

‘Frankly, people buying a home to let should not be squeezing out families who can’t afford to buy a home,’ said Osborne.

‘So I am introducing new rates of stamp duty that will be 3% higher on the purchase of additional properties like buy-to-lets and second homes.

 

 

Link to comment
Share on other sites

13
HOLA4414
5 minutes ago, Venger said:

 

Intelligence doesn't really come into it (on the 'innocence of BTLers'. vs 'oh-so-much-smarter banks').  

There's a guy working for Microsoft who I read whinging about S24 on his BTLs.   Wilsons with their math ability.  On and on it goes.  Many intelligent BTLers involved.

Also are former RAF Nimrod pilots notoriously lacking in intelligence?

It's more to do with how you see the world, as an individual, and how you see other people - imo.   Choices.  That comes down to something else.  Integrity?  Humbleness (or not).  Seeing other people as just as important as yourself (as homeowner) and not wanting to deprive them of homes (in housing shortage), to MEW gains, and buy a BTL/BTLs.  We are all lacking in many ways, and bankers are not all knowing.

And, "I need(ed) a pension is not an excuse.  Either is "Gordon Brown removed pension perks."  Nor is, "Low interest rates."

Some people on BTL-side have been buying for best part of 20 years (as you pointed out spyguy), house after house after house, reaping rent-roll, up close with tenants, counting their spare houses (and warm-glow of a representation of each set being yet another house they own... as one BTLer put it).   

This isn't some innocent lack-of-intelligence matter, where they hard-done by.   It's a lifetime of BTL involvement, with others in society paying the costs of it.  They know.  Vetting tenants, inspections... it's involved.  Passive investment but involved.  'An investment which requires some level of activity.'

3LF0ydm.jpg

 

The truly intelligent people I know, know when they have reached the limit of their actual knowledge - what's remarkable is how few people actual understand where their knowledge stops....

That propertytribes comment is a very interesting one - its possible to read it as saying that the S24 20% relief is only a short term measure and all interest relief will be removed eventually.... What is the actual link?

Link to comment
Share on other sites

14
HOLA4415
5 minutes ago, Houdini said:

The truly intelligent people I know, know when they have reached the limit of their actual knowledge - what's remarkable is how few people actual understand where their knowledge stops....

That propertytribes comment is a very interesting one - its possible to read it as saying that the S24 20% relief is only a short term measure and all interest relief will be removed eventually.... What is the actual link?

 

 

There was a Tweet the other day - something like, "Since online newspaper had a comment section, everyone things their individual opinion really counts and matters."

Although that's something all of us have to be wary of.  I certainly know my opinion of BTL hasn't mattered for over a decade, vs the actual power-equation of BTL/BTLers in the market.

It was sourced from PT, back in 2015 when we were keeping tabs on their reactions to S24.  Find that site very difficult to navigate, so probably explains why I took a screenie rather than made note of the link.  I will have a look for you later @Houdini but can't promise I will be able to find original thread source.

Link to comment
Share on other sites

15
HOLA4416
16
HOLA4417
46 minutes ago, Houdini said:

The truly intelligent people I know, know when they have reached the limit of their actual knowledge - what's remarkable is how few people actual understand where their knowledge stops....

That propertytribes comment is a very interesting one - its possible to read it as saying that the S24 20% relief is only a short term measure and all interest relief will be removed eventually.... What is the actual link?

It's a difficult one for all of us.  It's not always that simple.  However we can all practice caution.  Research, study, evaluate risks and impact on other people.

And in housing shortage/affordability crisis for so many, it's a choice to deliberately seek to lay claim to make it worse for those priced-out, and create the demand they pretend to supply, for their own special interest.

Some of us priced out of one home, where others have laid claim to 5+ over 20 years...... with debt.

Quote

 

There is much evidence that human expectations tend to be linear. Most of the time, most people expect current conditions to continue for the indefinite future. Wherever prosperity exists, it is natural for people to expect prosperity to continue. For this reason, much of the history of human society is a record of astonishment.

Time and again, people have marginalised their affairs, rendering themselves increasingly crisis-prone. They have gone into debt, extending claims on resources to an extreme that could be supported only if current conditions were sustained uninterrupted into the future. Time and again these hopes have been disappointed.

 

 

On 10/04/2015 at 6:05 PM, Neverwhere said:

[................]In terms of the quality of journalism I doubt that those involved understand that they have done anything wrong or misrepresented anything important. Partly I think this is due to the tendency for entry level production positions to have unsustainable or non-existent wages for the first few years, thereby weeding out anyone who is not from a sufficiently well-off background to be financially supported by their parents. This creates a certain uniformity of bias that, as it's widely present and therefore largely unchallenged, isn't even recognised as existing.

I also think that we generally have a wider cultural problem whereby it's deemed socially acceptable for peoples' personal opinions and beliefs to be given as much weight, if not more weight, than evidence and reality.

 

On 11/04/2015 at 3:09 PM, Beary McBearface said:

This really nails it, IMO. One of the things that I did not anticipate and am not particularly thrilled about is that as a result of digging around to work out how something absurd like double-digit HPI can sustain, you end up feeling like a stranger in a strange land as the beliefs you use to orientate yourself in a messy world diverge from the unquestioned beliefs that are more widely held.       ....

 

On 11/04/2015 at 10:11 PM, Neverwhere said:

Well I'll be impressed if you can get them to admit they made a real editorial decision, rather than simply cut and framed the quote in order to meet time constraints.

I think part of the problem is that a certain amount of this behaviour is an emergent function of the current paradigm rather than a conscious choice. As such it is exceptionally hard to convince an individual that is exhibiting this behaviour that they are in fact exhibiting any behaviour at all.

Where there is consciously held opinion coupled with false equivalence - i.e. where competing opinions are regarded as equally valid regardless of the relative weight of facts, standards of logic, etc - then I would tend to abandon any hope of a reasonable discourse.

In my experience such conversations often deteriorate into assertions of the moral superiority of respecting all opinions and beliefs, normally presented as a reason why the asserter does not respect my opinions and beliefs. I would hazard that this lack of intellectual rigour is because the emotive appeal to false equivalence itself is not a matter of choice but ingrained or innate, either to our current prevalent culture or to the individual's internal identity.

I can certainly empathise with the analogy of being immersed in an alien culture, as I both struggle to understand the thought processes involved and seemingly continually encounter them. I find the apparent insistence on the lack of an objective reality quite disturbing, especially when exhibited by people who otherwise display a high level of intelligence.

 

Quote

 

1. What matters most in "making sense" of life is the underlying pattern of reality that people believe exists. Details standing by themselves are usually unintelligible, not just to persons of a Stone Age background, but to anyone.

2. What seems to "make sense" may actually be a delusion arising from a "blind spot" or defect in the local paradigm of understanding.

3. Any mindset will take adequate account of the facts that are relevant in the economic and political setting in which it emerged. Hunters will be alert to details indicating the presence of game. Farmers will distinguish the quality of seed. Industrial mechanics will understand wrenches. But all paradigms are incomplete.

4. Facts that are economic irrelevant and do not fit comfortably into an existing worldwide view or paradigm will generally be misinterpreted or ignored

5. The more primitive the economic conditions under which a culture emerges, the less likely it is to realistically comprehend a broad range of facts.

...During times of trauma, when worldviews are most subject to adjustment, there is a tendency for people to incline to irrational interpretations of events.

-Davidson

 

 

Those two PT threads :)  Although I have not reviewed the content since my first read in 2015.

1 https://www.propertytribes.com/landlord-tax-changes-join-share-our-action-plan-t-127621827-65.html#pid243435

2 https://www.propertytribes.com/summer-budget-tax-challenge-shore-up-your-defence-t-127622623-3.html#pid243408

Link to comment
Share on other sites

17
HOLA4418
6 hours ago, Venger said:

 

Intelligence doesn't really come into it (on the 'innocence of BTLers'. vs 'oh-so-much-smarter banks').  

There's a guy working for Microsoft who I read whinging about S24 on his BTLs.   Wilsons with their math ability.  On and on it goes.  Many intelligent BTLers involved.

Also are former RAF Nimrod pilots notoriously lacking in intelligence?

It's more to do with how you see the world, as an individual, and how you see other people - imo.   Choices.  That comes down to something else.  Integrity?  Humbleness (or not).  Seeing other people as just as important as yourself (as homeowner) and not wanting to deprive them of homes (in housing shortage), to MEW gains, and buy a BTL/BTLs.  We are all lacking in many ways, and bankers are not all knowing.

And, "I need(ed) a pension is not an excuse.  Either is "Gordon Brown removed pension perks."  Nor is, "Low interest rates."

Some people on BTL-side have been buying for best part of 20 years (as you pointed out spyguy), house after house after house, reaping rent-roll, up close with tenants, counting their spare houses (and warm-glow of a representation of each set being yet another house they own... as one BTLer put it).   

This isn't some innocent lack-of-intelligence matter, where they hard-done by.   It's a lifetime of BTL involvement, with others in society paying the costs of it.  They know.  Vetting tenants, inspections... it's involved.  Passive investment but involved.  'An investment which requires some level of activity.'

 

Intelligence...yep, agree. More to do with the perception of entitlement. I am sure you know which film this misquote is from. 

 “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”??

Link to comment
Share on other sites

18
HOLA4419

Im not sure is. Theres no folk memory of being overleverage.

90s crash wiped out people whod borrowed more than 4 earnings and lost/reduced income.

There seems to be no comprehension of borrowing 5 x local house and trying to operate a rental.

Lots of lessons to be learned, both for yhe btl loons and the bigger loon banks dhove lent money to them.

Link to comment
Share on other sites

19
HOLA4420
40 minutes ago, spyguy said:

Im not sure is. Theres no folk memory of being overleverage.

90s crash wiped out people whod borrowed more than 4 earnings and lost/reduced income.

There seems to be no comprehension of borrowing 5 x local house and trying to operate a rental.

Lots of lessons to be learned, both for yhe btl loons and the bigger loon banks dhove lent money to them.

Well for Mr.Nimrod, he retired for advanced position in the RAF and in 1998 bought his first BTL, in the beginning of his new 'career'.

He will have been about, most likely as a homeowner in secure position, during 80s and HPC 90s.

We had the credit-crunch just a few years ago.

I don't see what we have to look at all the population - the individual matters.   Many individuals on the BTL side been reaping the HPI++++ and rents for ages.

If they can't handle the challenges, as so many HPCers been forced to on renter-saver side in large part due to prices/BTLers bought up millions of homes, then it is all on each of those individuals.

The fact they do not know everything (no one does) doesn't make them innocents.   I hold to my view that it draws in minds from all intelligence levels, who are predisposed to see world/people on their own BTL minded terms.

Also they (BTLers) are directly involved.  Vetting tenants, S21ing tenants.... "Don't own a home?  I've got my own home + lots of others I rent out pal renting neighbour.  I'm alright Jack **** you.  All about me."

On 28/10/2016 at 3:52 PM, Neverwhere said:

Failure to differentiate between gradations of wrong, and failure to acknowledge where some actions have more positive impacts than others, excuses the very worst excesses of the very worst offenders as no more problematic than the least damaging.

 

On 02/04/2016 at 3:43 PM, Neverwhere said:

Anything can be falsely put forward as an excuse if people want to frame things in that way, but none of them really work in this context. Other choices were available, information was available, historic and contemporary precedent was available. If people actively chose not to seek any of those things out then that is their own problem and their own failing.

Being part of a system is not the same thing as having no free will, rather the system is composed of the free will choices of its component parts and their complex interactions.

All the BTLers together, as individuals, have been part of making the system as it has been.   There is no game without active players.

Great quote Phil/Pop321 in the context of discussion.  (Twain).  I don't recall the movie though.

2 hours ago, Pop321 said:

Intelligence...yep, agree. More to do with the perception of entitlement. I am sure you know which film this misquote is from. 

 “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”??

 

On 19/07/2015 at 3:50 PM, Beary McBearface said:

"Pull the other one, it has bells on" as they say.

BTL is a capital gain play and you generate cash to pay the lease on the Range Rover by re-mortgaging, hence you extract the gains as you go.

They aren't going to unwind and stay solvent - that's the point. They've just been notified that they need to get the f**k out or have their faces ripped off. In point of fact many will get their faces ripped off as they try to get out.

Still, at least they understand property, that should be some comfort.

giphy.gif

Even here they can't resist trying to blackmail society as provider of homes, only seeing themselves as being able to have power over those houses (even when saying he may have to sell up / go bankrupt).... in the claim it will cause homelessness.  It's about how they see themselves in the world, and it is at some many different levels of intelligence.  Power.  Superiority.  Entitlement.

Quote

 

As a landlord, with 7 properties that I have bought over 15 years instead of putting money into a bankrupt pension plan, I feel I only have three options: ......................................................The Government wants their cake and to eat it and the poor will pay for it. And all the landlord haters who are so happy now, will not be smiling when the homeless come knocking on their door and start sleeping outside their offices.

dgul:  

....Or do you want to live in a country that encourages investing money in productive enterprise, where property can be left to look after itself, and where businesses are created that actually improve the quality of life for people? And where, perhaps, the government can step in to support employers if the economy hits the rails?

Because it is the real companies that create value, not the pretend property investment businesses, which only serve to inflate asset prices and transfer wealth from one set of people to another without any actual benefit to anyone.

And you'd better prefer the real companies that create value, because eventually it is these that create the value that allows the country to stand up in the world and have the capital to support imports etc. There is no 'I'm all right, Jack' because if one set of the economy just gets income from doing nothing from the other set of the economy who works it's ass off supporting the first part of the economy - then eventually the economy finds it increasingly difficult to buy all those nice things from overseas (like, say, oil).

To get back to the original point - there is a big, long term picture playing here, and the sooner people are forced to understand that you can't rely on inflating asset prices (without any actual improved quality of life, or production of stuff) to support their retirement the better. And I'm afraid that you're part of that 'forcing people to understand'.

 

 

Link to comment
Share on other sites

20
HOLA4421

HPCer re happy happy older BTL lady who reached her target of claims on 100 properties.

100 BTLs/partly owned/owned ouright mix... beginning late 1990s.

Her own daughter didn't want to take money off her as deposit for a house, for was in-tune with her Uni friends (all priced out; "The Government will have do to something).

Quote

A strategy based on nothing other than a reverence of money, and a complete disregard for the havoc wreaked on the lives of others, both by running a very precarious business based on a neverending supply of cheap money to corner a precious resource, and also by completely discounting the potential for upheaval in tenants' lives if(when?) the money runs out.

She ought to be utterly ashamed of her overt avarice and the sooner insolvent chancers like her are systematically bankrupted, the better we will be as a nation.

 

Link to comment
Share on other sites

21
HOLA4422
13 minutes ago, Venger said:

HPCer re happy happy older BTL lady who reached her target of claims on 100 properties.

100 BTLs/partly owned/owned ouright mix... beginning late 1990s.

Her own daughter didn't want to take money off her as deposit for a house, for was in-tune with her Uni friends (all priced out; "The Government will have do to something).

 

Is that the Beck woman? Daft bint.

Less a reverance for money, more an unability to understand leverage.

Ooh look at the gluffy grizzly bear. Lets give it a hug...,

Edited by spyguy
Link to comment
Share on other sites

22
HOLA4423
3 hours ago, Pop321 said:

Intelligence...yep, agree. More to do with the perception of entitlement. I am sure you know which film this misquote is from. 

 “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”??

It's not a movie quote is supposedly from Mark Twain see https://www.adamsmith.org/blog/economics/it-aint-what-you-dont-know-that-gets-you-into-trouble/

Link to comment
Share on other sites

23
HOLA4424
28 minutes ago, spyguy said:

Is that the Beck woman? Daft bint.

Less a reverance for money, more an unability to understand leverage.

Ooh look at the gluffy grizzly bear. Lets give it a hug...,

Maybe I don't fully understand all the complications/risk factors with leverage either.

Then again I am only seeking to buy one home, if/when they ever become more affordable.

Not 2, 5, 10, 50, 100+ multiple homes to rent out to other people.   50 homes.... "Their only problem is not got the intelligence to understand leverage." ????????  "Not any reverence of money above all else, putting oneself first to extremes"

And Nimrod has been at it for 20 years, with others paying the price for selfishhousing financialisation.

No, not Bosher (she doesn't have that many homes iirc).   Someone else on a different BTL forum.

Did you see that rugby player recently, and the lion?  Was caught on video.  He had a very lucky escape with the bite miraculously not damaging anything major in his hand - and seem to remember he was lucky that the lion didn't get a better bite on him in the turn.  Facility in (South Africa?) to view lions... and both players and the centre-staff/supervisors seemed perfectly happy for visitors to reach through the fence, and stroke and pat the lions.....  :rolleyes:   And then I'm sure I heard someone say to "Wash the hand" -  laugh it off.   Wouldn't normally watch such a video but just wanted to see what the circumstances were.

16 October

http://www.bbc.co.uk/sport/rugby-union/41642789

Edited by Venger
Link to comment
Share on other sites

24
HOLA4425
9 hours ago, Houdini said:

Opening caption from "the big short". Compulsory watch for all HPC'ers. Movie style not to everyone's taste.....but based on fact around the few who were heavily shorting the US housing market pre 2007 make for interesting and frightening viewing. ?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information