Monday, June 9, 2008

My Assetz(R) best comedy pick

Fall and rise in the rental sector

"the average rent for a house was down seven per cent in the last quarter and flats down nine per cent" even this has not been such bad news "In many places this has had a positive effect as it has allowed the rental market to provide stability in housing at a time of volatility in the sales market. It also demolishes the myth of soaring rent levels" "people eliminating the risk of a house purchase that goes wring in the near future, such caution could also leave first-time buyers looking to rent rather than buy for the time being" ??

Posted by confused76 @ 06:43 PM (986 views)
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6 thoughts on “My Assetz(R) best comedy pick

  • ”counter cyclical”………….

    that explains it…….derrr

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  • How do we reconcile this with the story two posts ago saying rents are going UP?

    Ahrghghgghngnnnn. MORE disinformation and confusion in the property sector, and this times rents instead of prices.

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  • Oh and by the way, if all the BTL landlords are suffering rent DEFAULTS, and all those BTL flats are being left empty because there isn’t enough demand for them, and now the Poles have started going home does that not tell us that seriously rents CANNOT be going up?

    Let’s stick to the basic observables and then use them to figure out what must be happening to price and rents. Bit of common sense needed.

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  • Thankfully, the tedious press releases will be a think of the past, once Assetz goes the way of Inside Track.

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  • As we’ve known for ages, whatever they say is desparate piffle.

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  • new user 2007 says:

    So his evidence is his own buddies. If rents soar by ANOTHER 25% (although I don’t believe rents soared have in recent months) then perhaps any BTL who bought in the last 2 years (half the BTL market) will be able to almost cover the increased cost of their mortgage:)

    As for London, the only way this market makes any sense is via appreciation. Appreciation is now gone even there…they bought at such high levels they are now losing capital, AND the rent is even lower relative to mortgage payments than the rest of the country.

    Goodluck Mr ASSetz. Your world is collapsing. You either believe what you are saying, in which case you need help. Or you do not, in which case, you should be ashamed.

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