iamnumerate Posted November 22, 2018 Share Posted November 22, 2018 I tried to persuade a friend who has a flat she lets out (No mortgage) to sell it, her attitude was "But what would I do with the money?" She is still a landlord, anyone else have similar conversations? Quote Link to comment Share on other sites More sharing options...
winkie Posted November 22, 2018 Share Posted November 22, 2018 If own it or almost own it, keep it if it pays more than costs to run, taking into consideration the hassle and inconvenience of owning, when the advantages well outweigh the disadvantages........ don't bet with money you can't afford to lose.? Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 (edited) It doesn't surprise me. In their world there are only bank accounts and houses. The stock market is witchcraft. Is she a teacher? Edited November 22, 2018 by Si1 Quote Link to comment Share on other sites More sharing options...
thewig Posted November 22, 2018 Share Posted November 22, 2018 pics not loading... Quote Link to comment Share on other sites More sharing options...
Jabbabhoy Posted November 22, 2018 Share Posted November 22, 2018 Have a friend who is a BTL, spoke for last 2 years about the tax chages....he still has no idea what they mean or the full implications.......they are all businessmen and women of course Quote Link to comment Share on other sites More sharing options...
happyguy Posted November 22, 2018 Share Posted November 22, 2018 if she is getting say £1000 a month and has no mortgage the costs will not be anywhere near that so it makes sense to keep it and keep an income coming in Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, happyguy said: if she is getting say £1000 a month and has no mortgage the costs will not be anywhere near that so it makes sense to keep it and keep an income coming in Non sequitur Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted November 22, 2018 Author Share Posted November 22, 2018 2 minutes ago, happyguy said: if she is getting say £1000 a month and has no mortgage the costs will not be anywhere near that so it makes sense to keep it and keep an income coming in Only if nothing else gives a better return (no idea if that is true or not). 23 minutes ago, Si1 said: It doesn't surprise me. In their world there are only bank accounts and houses. The stock market is witchcraft. Is she a teacher? No Quote Link to comment Share on other sites More sharing options...
localhero1983 Posted November 22, 2018 Share Posted November 22, 2018 48 minutes ago, iamnumerate said: I tried to persuade a friend who has a flat she lets out (No mortgage) to sell it, her attitude was "But what would I do with the money?" She is still a landlord, anyone else have similar conversations? Even if the big property crash never happens, at the very least property has hit top and is unlikely to rise in the next decade, maybe longer. She has done OK, so maybe it's time to be prepared for the next big thing, I have a few ideas ? But she could end up being one of many who end up boring everyone with their tale of their property was once worth £300,000 and now it is back to £150,000, which I personallly will take great joy in Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, iamnumerate said: Only if nothing else gives a better return (no idea if that is true or not). No 1) not forgetting income tax implications. Does she declare the income to HMRC? 2) oh Quote Link to comment Share on other sites More sharing options...
happyguy Posted November 22, 2018 Share Posted November 22, 2018 2 minutes ago, iamnumerate said: Only if nothing else gives a better return (no idea if that is true or not). Sadly you do not get much in an isa or BS account these days ! Quote Link to comment Share on other sites More sharing options...
Locke Posted November 22, 2018 Share Posted November 22, 2018 25 minutes ago, Si1 said: The stock market is witchcraft. Well, it basically is. Strategies which result in good gains will also get you seriously burned in the events of last few (and upcoming) days Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 Just now, happyguy said: Sadly you do not get much in an isa or BS account these days ! Booyaa! Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 3 minutes ago, Locke said: Well, it basically is. Strategies which result in good gains will also get you seriously burned in the events of last few (and upcoming) days Except for plain old fashioned balanced portfolios, low costs and buy and hold. Quote Link to comment Share on other sites More sharing options...
Locke Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, Si1 said: buy and hold Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 2 minutes ago, Locke said: Quote Link to comment Share on other sites More sharing options...
longgone Posted November 22, 2018 Share Posted November 22, 2018 54 minutes ago, Si1 said: The stock market is witchcraft. many won`t go near it. including me. lots of risk for not much return. Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted November 22, 2018 Share Posted November 22, 2018 One of the purported benefits of capitalism is that it allocates resources efficiently by rewarding those people best able to allocate resources with more resources to allocate. The entire BTL debacle has been based upon allocating resources to those least able to invest them effectively. It’s no surprise that these people don’t know anything about investment, the surprise is that they got the capital in the first place. Quote Link to comment Share on other sites More sharing options...
Locke Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, BorrowToLeech said: One of the purported benefits of capitalism is that it allocates resources efficiently by rewarding those people best able to allocate resources with more resources to allocate. It does. The problem is, we do not have capitalism. Quote Link to comment Share on other sites More sharing options...
Locke Posted November 22, 2018 Share Posted November 22, 2018 21 minutes ago, Si1 said: old fashioned balanced portfolios, Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 (edited) 4 minutes ago, longgone said: many won`t go near it. including me. lots of risk for not much return. The trouble is that doesn't bear quantitative analysis. Long term stock market returns have been excellent, and have the advantage of being more liquid then houses. The difficult bit is of course to actually get your fair share of those returns. Edited November 22, 2018 by Si1 Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, longgone said: many won`t go near it. including me. lots of risk for not much return. It isn’t supposed to be that way. That’s the casino, winner takes all, economy in action. It shouldn’t be a gamble to invest in sound companies producing solid products. When the market is responding mostly to political and central bank intervention, and rent seeking makes business a zero-sum game, everything becomes risky. Setting up home is a huge financial risk, starting a burger stand is a huge financial risk, going to university...and so on. Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted November 22, 2018 Share Posted November 22, 2018 (edited) 3 minutes ago, Locke said: It does. The problem is, we do not have capitalism. We do. This is capitalism, everything else is a fantasy. You can’t say, oh I love the films of Adam Sandler, not the actual films of Adam Sandler, but the films I want Adam Sandler to make. Those are epic. Edited November 22, 2018 by BorrowToLeech Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2018 Share Posted November 22, 2018 5 minutes ago, Locke said: Quote Link to comment Share on other sites More sharing options...
longgone Posted November 22, 2018 Share Posted November 22, 2018 1 minute ago, BorrowToLeech said: It isn’t supposed to be that way. That’s the casino, winner takes all, economy in action. It shouldn’t be a gamble to invest in sound companies producing solid products. When the market is responding mostly to political and central bank intervention, and rent seeking makes business a zero-sum game, everything becomes risky. Setting up home is a huge financial risk, starting a burger stand is a huge financial risk, going to university...and so on. for who ? to me the stock market is just an instrument that the idle rich use to make money constantly with the plebs trying to understand how it fits together. when you have billions of pounds yes you can make big returns from even 1% uplifts, for the little guys whats the point. 5 minutes ago, Si1 said: The trouble is that doesn't bear quantitative analysis. Long term stock market returns have been excellent, and have the advantage of being more liquid then houses. The difficult bit is of course to actually get your fair share of those returns. depends if you have the appetite to spend years analyzing, i like instant gratification. ? Quote Link to comment Share on other sites More sharing options...
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