Monday, July 16, 2007

Good news for BTLers…

Rising costs see property investors sell up

... a recent RICS survey indicates that growing number of BTLers (probably the ones who entered the market years ago and have already made gazillions) are exiting! This is indeed good news for the investors as a smaller number of rental properties will be left on the market further squeezing the supply. This will be a "double whammy" for the already priced out FTBs who will be left with no other option than to pay very high rentals.

Posted by confused76 @ 03:50 PM (491 views)
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3 thoughts on “Good news for BTLers…

  • at long last a report that makes some sense, apart from the soft landing i dont agree with……………It will be hard……thud…

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  • dohousescrashinthewoods says:

    But the Landlord Association said they were getting 13% a year? Why would they quit?
    Maybe they can see what’s in front of their noses?

    Sure rents might wirggle in the short term, but most potential FTBs will stay smugly put while the market crashes and burns.
    I for one am on the lookout for desperate landlords in the new year, willing to rent me a palace for a pittance just to avoid going bankrupt.
    One day when this is all over, I will buy a home and use the rest of my money (not all guzzled up by fantasy house prices) to invest in true assets.

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  • You show me a historical soft landing, I’ll show you a miracle economy.

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