Priff Report post Posted August 10, 2006 times atricle I was watching my local news last night (east of England). There was a report on the Youngest Landlord in britain. Said spotty git (nearly 18) was shown wandering around a house he was looking to buy with a clipboard. They interviewed him. "The sooner I can purchase this property [he said property because he's a pro] the sooner I can get tennants in, the sooner the income comes in". The house in worth 93K He had been saving ages for a deposit.......10K Income 10-13K per year. Like candy from a baby. Quote Share this post Link to post Share on other sites
penguin Report post Posted August 10, 2006 what a pretentious young C***. i think we all know that the whole btl thing is a complete friggin joke now, i mean cmon 17year olds as landlords? whats next 12 year olds as mortgage advisors? i mean for god sake this is just pethetic Quote Share this post Link to post Share on other sites
FreeFall Report post Posted August 10, 2006 Wonder in the tenant will go around "accidentally" breaking things like the washer, shower, fridge etc - would be a lovely baptism of fire for him..... Quote Share this post Link to post Share on other sites
Cuckoo Report post Posted August 10, 2006 Wonder in the tenant will go around "accidentally" breaking things like the washer, shower, fridge etc - would be a lovely baptism of fire for him..... you're all so bitter and jealous! Quote Share this post Link to post Share on other sites
Badlad1967 Report post Posted August 10, 2006 you're all so bitter and jealous! And you're a feeble minded twit.... But that's what I like about HPC - everyone's welcome Quote Share this post Link to post Share on other sites
Europa Report post Posted August 10, 2006 times atricle I was watching my local news last night (east of England). There was a report on the Youngest Landlord in britain. Said spotty git (nearly 18) was shown wandering around a house he was looking to buy with a clipboard. They interviewed him. "The sooner I can purchase this property [he said property because he's a pro] the sooner I can get tennants in, the sooner the income comes in". The house in worth 93K He had been saving ages for a deposit.......10K Income 10-13K per year. Like candy from a baby. The bitterness on this site worries me at times At a very young age, this chap is making the effort to build a future for himself; he comes across as quite level headed. And if things do go wrong, he will be young enough to walk away and start again. You don't do yourselves any favours with this sniping from the sidelines. Quote Share this post Link to post Share on other sites
pickle Report post Posted August 10, 2006 The bitterness on this site worries me at times At a very young age, this chap is making the effort to build a future for himself; he comes across as quite level headed. And if things do go wrong, he will be young enough to walk away and start again. You don't do yourselves any favours with this sniping from the sidelines. How true. This site is full of sit on their **** losers who wouldnt know where to start trying to get out there and make a few quid. It seems they just expect somebody to come along and give them a job paying enough to afford that nice house with a garden. Get real, the world DOES NOT owe you a living. Well done to the lad for trying I say. It might not be the wisest move, market timing wise, but at least hes geiving SOMETHING a go. Quote Share this post Link to post Share on other sites
no dice Report post Posted August 10, 2006 Sounds rather like the fabled shoe shine boy offering stock tips just before the 1929 Wall St crash. Quote Share this post Link to post Share on other sites
mercenarul Report post Posted August 10, 2006 How true. This site is full of sit on their **** losers who wouldnt know where to start trying to get out there and make a few quid. It seems they just expect somebody to come along and give them a job paying enough to afford that nice house with a garden. Get real, the world DOES NOT owe you a living. Well done to the lad for trying I say. It might not be the wisest move, market timing wise, but at least hes geiving SOMETHING a go. All they are saying is that there are far easier ways of making money than BTL, it is very risky at the moment. Just ask any real BTL landlord, most are currently selling or not purchasing. Quote Share this post Link to post Share on other sites
Viterbi Report post Posted August 10, 2006 Sadly the lad has missed the best days of BTL. It's impossible to say whether he will succeed in the long run (+10 years), or will be in complete financial ruin should interest rates rise or if he ends up in serious negative equity. Quote Share this post Link to post Share on other sites
Dr Doom Report post Posted August 10, 2006 I think this country needs more people like this lad. Out of the goodness of his heart he is subsidising his tenants out of his own pocket. 6% gross yield is a guaranteed negative return. Quote Share this post Link to post Share on other sites
Europa Report post Posted August 10, 2006 All they are saying is that there are far easier ways of making money than BTL, it is very risky at the moment. Just ask any real BTL landlord, most are currently selling or not purchasing. I disagree - the first two posters called him a "spotty git" and a "pretentious c***". The third poster hoped his first tenant would trash the place. Sadly, there are some rather unpleasant people on this site. Quote Share this post Link to post Share on other sites
Dr Doom Report post Posted August 10, 2006 I disagree - the first two posters called him a "spotty git" and a "pretentious c***". The third poster hoped his first tenant would trash the place. Sadly, there are some rather unpleasant people on this site. Maybe it's something to do with his smarmy attitude. Even Rosie was taking the piss, which says something. Quote Share this post Link to post Share on other sites
I'M WITH STUPID Report post Posted August 10, 2006 Sadly, there are some rather unpleasant people on this site. agreed - sad old twats Quote Share this post Link to post Share on other sites
dogbox Report post Posted August 10, 2006 Well done to the lad for trying I say. It might not be the wisest move, market timing wise, but at least hes geiving SOMETHING a go. 3 young lads aged under 22 at my martial arts club are getting into B2L. All they say is 'its me pension, you cant go wrong with property'. Can it really be this easy? Quote Share this post Link to post Share on other sites
Fancypants Report post Posted August 10, 2006 3 young lads aged under 22 at my martial arts club are getting into B2L. All they say is 'its me pension, you cant go wrong with property'. Can it really be this easy? my g/fs brother (aged 19) has repeatedly expressed an interest in building a property empire. His other interests include: quitting college, petty crime, thuggery, and numerous unsuccessul get rich quick schemes that have backfired with hilarious consequences. Quote Share this post Link to post Share on other sites
Guest X-QUORK Report post Posted August 10, 2006 All they say is 'its me pension, you cant go wrong with property'. Just as long as they don't need to cash in on their 'pensions' at the wrong point in the cycle. Quote Share this post Link to post Share on other sites
moneymad Report post Posted August 10, 2006 All they are saying is that there are far easier ways of making money than BTL, it is very risky at the moment. Just ask any real BTL landlord, most are currently selling or not purchasing. What's a "real btl landlord"? The kids having a go and at least he's not expecting to make big gains in 12 months. Good luck to him. Quote Share this post Link to post Share on other sites
EmpiricalBear Report post Posted August 10, 2006 Yes, theres a certain amount of truth to saying that this chap is at least trying to get off his backside. However, he could be investing his energy in something useful instead, somehow adding to the productive capacity of the economy rather than engaging in this parasitic economy. It is a late bubble indicator, I remember "the youngest dot com entrepreneur" stories about 1999. Quote Share this post Link to post Share on other sites
Caledonian-Emigre Report post Posted August 10, 2006 When I was young it was your ambition to become a doctor (or engineer, teacher, fireman, lawyer etc.) or something useful to society. Remember when there were programmes like "Young Scientist" of the year (with jazzy 70´s music) ? Remember when going to university was a means to a constructive end? Probably there will be "Property Investment and Management" degrees on offer soon and some tin-pot ex-poly will award Kirsty Alley a PhD. I think Britian is slowly but surely becoming a stale old mono-culture obsessed with property and get-rich quick schemes. We need people like Bill Gates and Richard Branson - not Kirsty Alleys. Quote Share this post Link to post Share on other sites
gasket37 Report post Posted August 10, 2006 (edited) Probably there will be "Property Investment and Management" degrees on offer soon... No 'probably' about it... http://www.cass.city.ac.uk/masters/courses...real/index.html Edited August 10, 2006 by gasket37 Quote Share this post Link to post Share on other sites
Europa Report post Posted August 10, 2006 Remember when going to university was a means to a constructive end? Probably there will be "Property Investment and Management" degrees on offer soon and some tin-pot ex-poly will award Kirsty Alley a PhD. I think Britian is slowly but surely becoming a stale old mono-culture obsessed with property and get-rich quick schemes. We need people like Bill Gates and Richard Branson - not Kirsty Alleys. Apologies for pedantry, but I think you mean Kirsty Allsop; Kirsty Alley was the actress in Cheers Quote Share this post Link to post Share on other sites
Caledonian-Emigre Report post Posted August 10, 2006 No 'probably' about it... http://www.cass.city.ac.uk/masters/courses...real/index.html Oh my God, no .............................. Quote Share this post Link to post Share on other sites
Pooh Bear Report post Posted August 10, 2006 When I was young it was your ambition to become a doctor (or engineer, teacher, fireman, lawyer etc.) or something useful to society. Remember when there were programmes like "Young Scientist" of the year (with jazzy 70´s music) ? Remember when going to university was a means to a constructive end? Probably there will be "Property Investment and Management" degrees on offer soon and some tin-pot ex-poly will award Kirsty Alley a PhD. I think Britian is slowly but surely becoming a stale old mono-culture obsessed with property and get-rich quick schemes. We need people like Bill Gates and Richard Branson - not Kirsty Alleys. Well said - a good summation of how Gordon Brown and the BTL gamblers have ruined the UK's economy. This kid should be doing a job of work that is beneficial to the UK - BTLs are pointless members of society (apart from the accidental rent subsidy). This kid might have done something useful with his life if his head wasn't filled with property porn from the TV and his evil stepdad. The HPC can't come soon enough. Quote Share this post Link to post Share on other sites
Caledonian-Emigre Report post Posted August 10, 2006 Apologies for pedantry, but I think you mean Kirsty Allsop; Kirsty Alley was the actress in Cheers Sorry, you´re right - that was it bit of a Fredian slip .... Quote Share this post Link to post Share on other sites
