Tuesday, September 18, 2007

Is Buy-to-let UK’s bubble blower?

Buy-to-let is UK's bubble; N.Rock its needle

Makes the claim that in the future people might perceive 'buy-to-let' in the UK as even worse an idea than subprime in the US was. A very interesting read that tries to compare UK and US markets.

Posted by ed @ 11:00 PM (627 views)
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5 thoughts on “Is Buy-to-let UK’s bubble blower?

  • Back in 1996 a couple of my associates at work were “early voluntarily retired” with a payoff. They each went into BTL (almost as a hobby) with 95% mortgages and took a number of houses. Their recently privatised industries didn’t seem to want their business acumen.

    They made a lot of money and have just cashed in half of the properties on a “wait and see” basis. After all, if the US and the UK decide to rapidly cut IRs over the next 4 months, who knows what’s next?

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  • “Looking at the U.S. experience, it’s not hard to construct a scenario where we one day look back on buy-to-let in the same way we now view subprime: What were we thinking?”
    ah ahaha hahahh ahahah!!!!

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  • Ho ho!

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  • No, no, no. These BTL investors are in it for the long term. Just like dotcom investors.

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  • 144 _new_ properties on firstmove in bristol _<24_hours_old_, fri was 50 odd, mon 64, tue 82 (when I checked) this morning 144. Search bristol <24 hours. A lot blatently BTL. I call that a major peak in supply!

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