Monday, July 14, 2008

Stuatz: Buy to let prospering and providing a valuable service

Rental value soars

Has anyone else noticed the way the VIs all quote each other to back themselves up? Here, Stuatz produces a quote from Arla which is, even by Assetz standards, completely ridiculous: "It was as a result of the appalling effects on young owner occupiers last time that Arla took the initiative and launched buy to let...to mitigate the dreadful social consequences of housing boom and bust." So there we have it. Buy to let is a kind of "social initiative" designed to protect poor FTBs from boom and bust.

Posted by keeprenting @ 09:16 PM (682 views)
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6 thoughts on “Stuatz: Buy to let prospering and providing a valuable service

  • crash bandicoot says:

    “an example of how much money can be saved compared to buying being the £550 per month it costs to rent a one-bedroom apartment in the Alexandra Tower at the waterfront, half the monthly cost of a mortgage on the property. ”

    Pardon me Stuart, how do you envisage making any money from buy-to-let in these circumstances?

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  • Keeprenting says:

    Come on, admit it. Stuart makes you laugh and you will miss his unique “insights” into the property market when Assetz is gone (and I suspect that day isn’t too far away).

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  • Yeeesss. Renting is good value for money, therefore not buying is a good idea. But buying property is a good idea if … you’re happy to pay tenants to be there?

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  • Assetz, please go bankrupt soon, this is all so boring.

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  • My god. Do you think anyone takes this man seriously any more? I’m sure that some BTLers deep in denial have read this article and are feeling quite uncomfortable.

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  • new user 2007 says:

    So people are able to rent at half the cost of a mortgage BUT the BTL investor is covering his mortgage. Another interesting magic trick from Mr ASSetz et al:)

    As I continue to repeat…if rents rise by 25% over the next 2 years, then they will go half way (if lucky) to covering the increase in BTL mortgage costs and the loss of capital:)

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