Jump to content
House Price Crash Forum
bazzzzzzz

Sunday Times Lure Naive Btl Investors To Their Financial Deaths

Recommended Posts

http://www.timesonline.co.uk/newspaper/0,,...2058127,00.html

Property prices have risen more quickly than rents in recent years, so many who put down only the minimum deposit have found there is not much left from their rental income once the monthly mortgage instalment has been paid.

A lot of investors are happy with this. Ray Boulger at John Charcol, a broker, said: “Many of our clients are investing for long-term capital growth rather than income. The typical investor has a portfolio of properties, some of which they will have owned for several years and therefore will have equity in them. It is common for them to remortgage and release some equity to reinvest and expand their portfolio.”

mad.gif

post-67-1140959204.gif

Edited by Baz63

Share this post


Link to post
Share on other sites

:lol: I have to laugh this is so ludicrous! Based on this, we won't have a crash because of fundamentals, it'll be because landlords have leveraged themselves to death! A tiny downward move in the market will bankrupt them. Plain greed. But fear is stronger than greed; look out landlords the first to panic will get out with the prize! Sad so sad.

p.s I actually think the winners have left the market already.

Share this post


Link to post
Share on other sites

Almost imperceptibly, the source of our national largesse has gone from being a cash cow with bulging MEW udders, to a hungry horse eating us out of house and home.

It appears the breakeven point has been reached, but the landlords are fooling themselves. Combine interest rate rises with mounting maintenance bills as the portfolio ages, and possibly a recession, credit crunch and falling rents, and they are already in loss making territory.

How much good money after bad will they throw at it before their folly becomes apparent?

Share this post


Link to post
Share on other sites

Almost imperceptibly, the source of our national largesse has gone from being a cash cow with bulging MEW udders, to a hungry horse eating us out of house and home.

What a deliciously well-crafted slogan!

frugalista

Share this post


Link to post
Share on other sites

:lol: I have to laugh this is so ludicrous! Based on this, we won't have a crash because of fundamentals, it'll be because landlords have leveraged themselves to death! A tiny downward move in the market will bankrupt them. Plain greed. But fear is stronger than greed; look out landlords the first to panic will get out with the prize! Sad so sad.

p.s I actually think the winners have left the market already.

The proof is on rightmove, with ever increasing number multimillion pound portfolios up for sale.

The panic has already started!!

Share this post


Link to post
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.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.