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Paddles

Buy To Let Boom Isn't Over

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Donna Werber of the Motley Fool reckons now's a good time to build a "portfolio" (man, I hate the use of that word; it's a bunch of leveraged properties not a bloody fine art collection) - http://www.fool.co.uk/news/property-home/2...ioowfeml0040008

The comments seem to disagree, especially her colleague; uber-bear Cliff D'Arcy.

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In January Paragon reported that rents were rising at their fastest rate on record - up 19% in 2007 and 8% in the last quarter alone

Up 8% in the last quarter? :lol::lol::lol:

These guys are sooo deperate.

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The woman's an idiot!

She describes rising rents as the 'icing on the cake'. What's the point of the icing if the cake's been eaten by the bank?

I can understand BTLers with a fair amount of equity hanging in for the long term and maybe taking advantage of any rise in rents, but to advocate buying further properties on high gearing is madness.

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Two examples for you..

1)I recently purchased a house valued at £225,000 for £150,000 and 2)Purchased a house for £160,000 which was valued at £240,000

If what this guy says is true then he could sell them for an immediate £155,000 profit. With no mortgage payments shrinking the returns I'm sure I could do better from the cash than the properties. I suspect the valuations are cooked up in dreamland.

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  • 298 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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