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Surrey cash buyer

Buy To Fret

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Great article on the realities of "get rich quick schemes." This quote sums it all up:

A wise, old property investor once warned me that you should only ever invest in buy-to-let property for the capital gains. He was right. The income to pay the school fees has still to materialise. Buy-to-let mortgages are generally about 2 per cent more than conventional ones, so finance costs have eaten up whatever rental income has been left after repairs, maintenance, insurance and letting agents' fees, especially after allowing for the cost that is incalculable: the nightmare tenants.

But, despite the nightmare. it seems he is hooked:

In all, I have invested £2million in the South-East at what I hope will prove to have been the bottom of the market. If I am right, and there is another rate cut before the end of the year, the next wave of house-price inflation is already beginning to swell.

Another rate cut? Bottom of the market--bottom?

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"Peter Grantley is a pseudonym"

Since when did pseudonym start to mean tosser?

I can't believe s/he's allowed to peddle this shite. It's just "look, things WERE bad for landlords recently, everyone hang on to your investments whilst I get out"

why is s/he allowed to write this incognito? It's probably Kirsty Allsop disguised as a man (as usual)

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Buy to Fret

Interesting read on the realities of being a BTL landlord.

You can't judge an investors financial and economic ability by their making money in a speculative market a goat can do that.

No you judge someones ability by when they step away from a speculative market. take your money and run before you run out of morons to sell to :)

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You can't judge an investors financial and economic ability by their making money in a speculative market a goat can do that.

No you judge someones ability by when they step away from a speculative market. take your money and run before you run out of morons to sell to :)

Reminds me of a man I knew who dabbled in shares during the mid-Eighties stock market boom.

One day he telephoned his stockbroker with instructions to buy a certain share. When the paperwork arrived several days later, he saw that the broker had mis-heard him and actually bought shares in another, similarly named, company.

"But it was OK.. because they'd gone up, too" he laughed.

Property has behaved like this in recent years: even bad investment decisions have been rewarded.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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