Wednesday, May 11, 2011

“Buy-to-let is coming back because land and houses are cheap”

Buy-to-Let Surges in Britain as Property Beats Stocks

“Buy-to-let is coming back because land and houses are cheap, and bricks and mortar won’t go to the wall like shares.”

Posted by allillanchoo @ 12:21 PM (2101 views)
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7 thoughts on ““Buy-to-let is coming back because land and houses are cheap”

  • ‘Bricks and motar won’t go to the wall.’ lol

    Very good.

    ~ Try asking Merv for some more cement next time, he has lots of the stuff in dry storage.

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  • sceneclub68 says:

    “You couldn’t buy the land and build this property for much less than I got it for,” said Valente. “Shares can make you a millionaire overnight, but property is safe and steady.”

    The man really sounds like he deserves to go to the wall: by his own admission, it would have been marginally cheaper to buy a plot and build on it. What will he say when, at a future auction, the bank is selling the house on his behalf to some lucky punter for less than the build cost, with the land effectively thrown in for free?

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  • When prices are low enough, these suckers will run out of hosts.

    Quick, open the banks and borders again!

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  • 1. sceneclub68 said,

    What will he say when, at a future auction, the bank is selling the house on his behalf to some lucky punter for less than the build cost, with the land effectively thrown in for free?

    ~ Dunno, ask an American investor of the same ilk.

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  • The banks are just milking the last few cash rich ‘investors’. Once the banks have sufficient capital interest rates will rise then these ‘investors’ will be wiped out.

    Simples.

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  • “investment clubs encouraged Britons to become landlords” – they are the people who really made the money and most of the major’s are no longer around (Inside Track for example) and they ain”t carrying any liability or secured loans !

    “bricks and mortar won’t go to the wall like shares” – try telling that to people in the 70’s and 90’s or maybe to a raft of people in the US at the moment (Detroit springs to mind) – I cant personally see a good basket of shares “going to the wall” and you have the likely dividend and liquidity thrown in.

    In my neck of the woods property is down and shares (generally) are up – completely at odds with the article.

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  • “Bricks and Mortar won’t go to the wall”
    Bricks and mortar ARE the f***ing wall you moron!!!

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