Originally posted by jamesbrown
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House market - how low will it go?
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Originally posted by scooterscot View PostI am what I drink, and I'm a bitter manComment
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Originally posted by pjt View PostI've always wondered why anyone would buy to let in the South East the numbers dont add up. Interest only and the hope of price increases seem to be the model. Thats where I see problems, different up where I live. I'm making more than 50% cashflow on the turnover from my places thats including paying captial repayment mortgages plenty of wiggle room if rents drop which I supsect they wont.Comment
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Originally posted by pjt View PostI've always wondered why anyone would buy to let in the South East the numbers dont add up. Interest only and the hope of price increases seem to be the model. Thats where I see problems, different up where I live. I'm making more than 50% cashflow on the turnover from my places thats including paying captial repayment mortgages plenty of wiggle room if rents drop which I supsect they wont.
Ultimately the trend is increased rights and benefits for tennent's lager and increased charges (tax or otherwise) for landlords. I see those increasing and rents decreasing.
It's important to recognise that wages in real terms for much of the population are at pre-2000 levels, in the UK and USA. I don't see wages shooting upwards any time soon and therefore I don't see much other option except rents going down. Could just be 10-15% down.Comment
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Originally posted by rogerfederer View PostAre you in Glasgow?
Ultimately the trend is increased rights and benefits for tennent's lager and increased charges (tax or otherwise) for landlords. I see those increasing and rents decreasing.
It's important to recognise that wages in real terms for much of the population are at pre-2000 levels, in the UK and USA. I don't see wages shooting upwards any time soon and therefore I don't see much other option except rents going down. Could just be 10-15% down.merely at clientco for the entertainmentComment
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Originally posted by rogerfederer View PostAre you in Glasgow?
Ultimately the trend is increased rights and benefits for tennent's lager and increased charges (tax or otherwise) for landlords. I see those increasing and rents decreasing.
It's important to recognise that wages in real terms for much of the population are at pre-2000 levels, in the UK and USA. I don't see wages shooting upwards any time soon and therefore I don't see much other option except rents going down. Could just be 10-15% down.Comment
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Originally posted by eek View PostWhen I looked at Glasgow I couple of years back what I noticed was how low prices were compared to elsewhere and how high the council tax was compared to similar properties elsewhere.Comment
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Originally posted by pjt View PostYip my House is worth about £350K and the council tax just went up to £312 a monthComment
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Originally posted by Whorty View PostMakes no difference to me where house prices go, we've no need to sell. We have no mortgage so interest rate changes won't impact our outgoings."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 AtW View PostIs is a mansion?Comment
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