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stuckin2up2down

Accidental Landlords Complaining That They "couldn't Sell As They Would Lose X"

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Just back from a long round trip of visiting family. Two accidental landlords were complaining that they were forced to become landlords as they "couldn't sell as it would loose X". I bit my lip, but if they were buying something else in the same area and its due to the market falling, they wouldn't of lost anything. For one of them it must of been paper gains they were talking about losing.

They could of sold, everything sells at the right price. But both behaving like they were forced to become landlords.

It's like they think it's a god given right to make money on property. When I've lost money on investments I move on, it's a risk you take with investments!

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This annoys me so much. I mean it bugs me, intensely.

There's currently a thread on 118 moaning about having to pay concil tax on a property that has been empty for a year whilst up for sale. The 'injustice' of having to pay council tax gets nothing but sympathy but not a single mention of the obvious.

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Here's hoping. They do seem to think its just a case of holding it a bit longer and it will rise in value.

Round London this has proven to be a he case.

Plent people, and the corrupt bankers, have not only been bailed out but rewarded for their ability to pay a 0% IO mortgage....think about that one :lol:

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These people have to lose at some point.... the question, as for the last 10 years, is when. Wages aren't going up, apart from the minimum wage and debts aren't being inflated away in the same way as in the past. We are going from ZIRP to NIRP and people borrow like it is the 1970s and they expect to get a 20% wage rise next year! How much longer can this go on for!?

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I'm chuckling at the number of people' who despite 3 years of pre election rises who were priced out before then now think they need to buy now.

Ffs. Are people really that dim?

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Haha, yeah, I get that too. I could barely afford anything 3 years ago and now I can afford even less but I get more you must buy now before the prices go up then I did 3 years ago! It's like everyone lives in a goldfish bowl! :P

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These people have to lose at some point.... the question, as for the last 10 years, is when. Wages aren't going up, apart from the minimum wage and debts aren't being inflated away in the same way as in the past. We are going from ZIRP to NIRP and people borrow like it is the 1970s and they expect to get a 20% wage rise next year! How much longer can this go on for!?

They must do soon. I think people that just own one property are pretty rare these days. Never selling when they move ever signing up for more debt.

Especially as we are warned most jobs won't exist in 10 years time

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