Thursday, November 8, 2007
Comical Ali
Landlords 'maintaining faith in the UK buy-to-let market'
Sorry I feel compelled to post Assetz, it is so entertaining. "Perhaps the only certainty amid all the speculation is that those UK property investors who remain focused on medium and long-term investment will continue to seek advantages where they can, as market conditions continue to evolve." So what is the certainty? say it again...
Posted by confused76 @ 10:22 PM (712 views)
7 thoughts on “Comical Ali”
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Tulipmania says:
The certainty is that if you are a long term BTL investor and invested before say 2004 you don’t really have to care what the market does as your rental income will still provide a healthy yield and you won’t be forced into selling. Anyone else in BTL is probably feeling pretty uncertain right now.
Ill_handle_it says:
Do you think these “people” would favour food and water rationing to “drive up “prices ? Quite clearly these misanthropic leeches feel there is more life blood yet to be drained. The love of money has never been so distastful.
paul says:
Article summary:
“We izznt boverred what all them otherz sayz. We have faith in ourselvez, innit.”
Mr_sensible says:
Another pearl of wisdom from that article:
” … in times of financial uncertainty people continue to need a roof over their heads …”
Of course! so that’ll prevent a crash. Just like it did in the USA, Japan, and over here 15 years ago.
inbreda says:
Presumably those focussed on the medium to long term will, as market conditions “evolve”, sell everything as if there life depended on it. Which in many ways it probably will.
daopig says:
Presumably there are heaps of Buy-Toilet-Rats making use of modern communication tech’s, like the members of this site.
And they reckon that so long as they squat together over housing supply they will be the first brave idiots (in history) to ride the land-price bubble cycle to greater profit, all together.
But it must be tempting for a significant majority of ‘scabs’ to sell high and buy cheap on the backs of the other members of the pack. Unless flat-line markets where nobody makes any money are now the norm and we are witnessing a new era of honour among thieves.
uncle tom says:
His own figures say it all – 18% now planning to offload (presumably soon) vs only 23% aspiring to buy more – but over the next five years..
That basically says that the BTL buying frenzy has stalled, but has yet to go into reverse.
So many would-be FTB’s are priced out now, the market has become utterly dependant on the BTL speculators rapidly increasing their portfolios.
That’s clearly not happening now. After a couple more months of sagging prices, expect to see the number planning to increase their holdings evaporate, and the number planning to offload double..