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Btl Amateur On Yahoo Answers

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if you did the rent yourself the best thing to do is get a agent in and get a valuation from the to see if you are charging the correct price you may be missing out a lot of money if you have priced them your self.

:lol::lol::lol::lol::lol::lol::lol::lol::lol:

Yes, just double the rent, and all your problems will be solved!

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if you did the rent yourself the best thing to do is get a agent in and get a valuation from the to see if you are charging the correct price you may be missing out a lot of money if you have priced them your self.

:lol::lol::lol::lol::lol::lol::lol::lol::lol:

Yes, just double the rent, and all your problems will be solved!

Some of the answers are funnier and even more clueless :lol:

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Wow. I cant believe people make such a financial commitment without doing their research, weighing up the odds and factoring in a safety net. Some people are really putting their peckers on the chopping block by jumping into BTL without knowing the facts.

Quite a few landlords are going to catch a cold by mismanaging their portfolio and being over optimistic about the market

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What a muppet :lol:

I,ve got several btl mortgages,rents are miles away from the repayments,and i cant manage to pay the shortfalls.I dont know whether to carry on paying whatever comes in,or hand back the keys

PMSL :lol:

Another muppet who's seen the light writes...............

The BTL market is, as you have noticed, going downhill, there is a glut of properties coming on to the market as people try to offload.

:lol: , another failed BTL newbie writes...................

I'm trying to sell my Buy-to-Let properties. I'm in the same situation as you: rents too low and mortgage payments too high. I considered the option of moving to an IO mortgage but the interest rate rises have prevented this being affordable.

:lol::lol: Schadenfreude

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Wow. I cant believe people make such a financial commitment without doing their research, weighing up the odds and factoring in a safety net. Some people are really putting their peckers on the chopping block by jumping into BTL without knowing the facts.

Quite a few landlords are going to catch a cold by mismanaging their portfolio and being over optimistic about the market

Reminds me of this rare chinese affliction called 'Zachary Disease'

Its where your backside looks "zachary like your face"...... :P

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Hehe, I'm lovin' it. I know its only one person, but hey it still makes me laugh :lol:

BTL Amateur on yahoo answer

When you see people like this in the game you know we are in real trouble.

Bit like the people who bought Enron all the way down. Credit has become too easy and too many muppets in the game. When they try and sell there will be no muppets left to offload to.

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This does not surprise me at all. I'd guesstimate that 80% of recent BTL landschmords are total nuffies. They all got off on the then burgeoning property porn of the early 00's and wanted to live the fantasy. Wake up and smell the coffee, the BTL game is totally OVER. Prices are absurd, the era of cheap credit is over and rents are stagnant or declining. Call me a radical, but I say bring back debtor prisons. (tongue in cheek). :D

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I can't even begin to explain how this makes me feel. I'm sat here in my late 30's having almost bought 18 months ago but couldn't quite stretch to it, and am now priced out unless I set my expectations low (2-bed flat in a crummy area in NW London) or move out of London altogether.

When I see that Kirsty woman pop up on TV giving advice to househunters, my blood boils, but when I read things like these BTL stories above, I realise that I've been priced out by utter fools. It really is enough to make me sick! So sick I can't even muster any humour on my maiden post!!

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I can't even begin to explain how this makes me feel. I'm sat here in my late 30's having almost bought 18 months ago but couldn't quite stretch to it, and am now priced out unless I set my expectations low (2-bed flat in a crummy area in NW London) or move out of London altogether.

When I see that Kirsty woman pop up on TV giving advice to househunters, my blood boils, but when I read things like these BTL stories above, I realise that I've been priced out by utter fools. It really is enough to make me sick! So sick I can't even muster any humour on my maiden post!!

Patience, slowly, slowly catchee monkey. It's clear that the froth has now gone out of the UK housing market, with sellers facing tough times. Prices in many places are back to the levels they were in Spring 2006. This is before many people have felt the full impact of interest rate rises since January 2007. One often reads over-exuberant posts on this site calling a crash, in practice as the market softens your capacity to negotiate gets stronger, how things will actually develop is difficult to predict but I strongly suspect that the market will continue its decline and if confidence evaporates prices in Spring 2008 will lower yet.

It's only anecdotal but I see signs in my area of more and more good-quality properties going to auction. In good times the only properties at auction are the ones the estate agents can't shift (usually structural problems) nowadays we're seeing more being sold on instructions of the mortgagee. I suspect the BTL clear-out is well under way - whether this is a rout is another matter, it will present an opportunity for FTBs previously excluded by silly, interest-only landlords.

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Duh, I done bin and bought sum houses n now I'm having to pay for dem?!!

What a bunch of silly billies they are. I've just done a bit of thumbing for those answers.

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I can't even begin to explain how this makes me feel. I'm sat here in my late 30's having almost bought 18 months ago but couldn't quite stretch to it, and am now priced out unless I set my expectations low (2-bed flat in a crummy area in NW London) or move out of London altogether.

When I see that Kirsty woman pop up on TV giving advice to househunters, my blood boils, but when I read things like these BTL stories above, I realise that I've been priced out by utter fools. It really is enough to make me sick! So sick I can't even muster any humour on my maiden post!!

Yes it sounds like you have missed out on the 10% YoYoYoYoYoY (sometimes more) gains most home owners have made for the last 15 years.

What were you thinking about?

Starting a mortgage in your late 30's doesnt sound good.

Roll over and give up any hope of owning your own place in the UK.

Get used to renting for the rest of your natural.

Dont get upset with yourself and dont blame others (everybody had an equal chance to get their snouts in the trough).

You could try working abroad where properties can be cheaper.

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Yes it sounds like you have missed out on the 10% YoYoYoYoYoY (sometimes more) gains most home owners have made for the last 15 years.

What were you thinking about?

Starting a mortgage in your late 30's doesnt sound good.

Roll over and give up any hope of owning your own place in the UK.

Get used to renting for the rest of your natural.

Dont get upset with yourself and dont blame others (everybody had an equal chance to get their snouts in the trough).

You could try working abroad where properties can be cheaper.

I wasn't thinking, unfortunately, and I know that it's very late.

I am not angry with the BTL muppets as such, just the system that has been created which allows this sort of thing to happen. Irrespective of how late I've left it, this system is ******** of the highest order and it will end in tears - unfortunately though it won't be the perpetrators that get screwed, just those stupid enough to buy all the stories they peddle in the media about BTL and debt.

My other half is a nurse and together we bring in some £60k, but don't want to stretch us to breaking point - i.e. she gets pregnant, and we have to rely on my unsteady income etc. I have some savings that I can throw into a house, but am loathe to do it on something that is barely acceptable. I have started looking to move back to my native Cyprus, where property is still expensive but it would be more manageable with the deposit I can put down.

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.

Dont get upset with yourself and dont blame others (everybody had an equal chance to get their snouts in the trough).

Thats not entirely true. Most of my friends who have bought have only done so by being lent money from their parents who MEWed. So if your parents didn't have a house to MEW then it's not an equal chance. I'm not saying blame others, becuase people made their decisions based on the information they were given, the society we are in and their financial/social postion. But to suggest that everyone had an equal chance is a downright lie. However, moaning about something won't change your situation, so suck it up :-)

Edited by Yerman

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if you did the rent yourself the best thing to do is get a agent in and get a valuation from the to see if you are charging the correct price you may be missing out a lot of money if you have priced them your self.

:lol::lol::lol::lol::lol::lol::lol::lol::lol:

Yes, just double the rent, and all your problems will be solved!

I really like it when dumb people try and play at being intelligent, it just pleads more ignorance in the end.

If they piped up and said that rents cannot match mortgage repayments because they are a bunch of greedy, blinded, blinkered arsewipes who think they are goning to live forever and will be rich soon, they are indeed living in a total dream world.

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