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Will the UK property bubble ever burst?
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"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by Jeff Maginty View PostWill the UK property bubble ever burst?
Seems like the powers-that-be are hell-bent on keeping the bubble inflated, what with QE, long term low interest rates, mass uncontrolled immigration, not enough houses being built, etc.
I considered doing BTL in the late 90's and read two books about it. Unfortunately I didn't go ahead... doh! I still wonder even now whether I should jump in with a BTL. But I wonder if I'm too late. It would be sods law if I bought in and then the long anticipated property market crash happened! But how likely is that, what with the BOE apparently doing all they can to prevent house prices from falling?
Then again... don't all booms eventually end in bust? Can it really be "different this time"? Or will events or the market overtake the desperate meddling of the powers-that-be?
Seems to me that no matter how clever we think we are, there are always unforseen events that happen out-of-the-blue, which can change the situation radically. As the saying goes... the only certainties in life are death and taxes!
BTL is a question of profit, loss and risk.
Can you buy something and rent it for more than your costs.
Can you handle bad renters ?
Risk, if interest rates go up, can you still cover your costs.Fiscal nomad it's legal.Comment
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I'd consider letting a viable alternative to a pension, even if the annual yield did not break-even."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostI'd consider letting a viable alternative to a pension, even if the annual yield did not break-even."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by Freamon View PostThen you're an idiot."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostThat's it? No explanation as to why?"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by Freamon View PostIt's so obvious it's not even worth bothering."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostTwo posts later and still you are unable to say? 'I don't know' is allowed you know.Last edited by Freamon; 3 March 2012, 09:21."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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