Road the disaster- Resumed

[docholliday93]

That'll teach me to break off in the middle of writing a reply to do someth ing else...

[harryagain]

They always were.

[dennis]

Solar panels will probably return that much. Just go into the rent a roof business.

[harryagain]

"Artic" > > As you say, making life even more difficult for those starting out.

All of this created by Bliar and Brown. You keep forgetting that bit. There are no magic bullets/wands. It will take a long time to fix. Decades.

[harryagain]

You need to remember that if benefits go up then so does the rent. The real question is, "Is the reverse also true?"

[harryagain]

Doesn't seem likely.

[harryagain]

Cut their knackers off. Children put up for adoption/sent toOz?

[harryagain]

Socialist politcs. As with immigration. Little socialist voters.

[harryagain]

"Artic" > >>> poor.

Bollocks. They don't need mobile phones,TVs, cars etc.

[harryagain]

"Artic" > and utter bollocks. Whereas, if that IS the case, then you are completely

Mostly illegal immigrants. They need to f*ck off back home.

[harryagain]

Why is the profit "obscene"? Thy have worked hard and taken the risk while other idle bastards sat on their arses. Why do you believe evrything you see on the TV? Your building society disappeared because of greedy members hot for the handout when they were de-mutualised.

If you're poor, it's your own fault. You were and idle bastard from day one. And likely your parents were too.

[harryagain]

All true. You missed the bit about de-mutualising of building societies. And de-regulating. Down to greed. A couple of grand in the pocket.

[David.WE.Roberts]

Dodging the question there, aren't you?

The point is that you can get a good yield in an area with low value housing - like your 3 * £85k - but buy to let figures don't work in housing areas where you get, for instance, a 3 bed semi for £250K.

Rents don't scale with house purchase prices.

So there are large areas where buy-to-let just doesn't compute.

Houses still sell in these areas and prices still rise.

So buy-to-let isn't the only cause of house price rises.

People also buy in popular areas with good quality schools which also pushes prices up.

Cheers

Dave R

[Adrian]

No, but I think you might be either conflating me with another poster or trying to extrapolate my comments.

Correct.

They may do. The £1200pcm for £250k example somebody else gave supports that - and comes in around that same 6% raw yield figure.

Equally, they may not do.

Again, they may do, they may not do.

There are many, many examples where it doesn't.

I don't think anybody (sensible) would ever have been so ridiculously simplistic as to suggest it was. Equally, I don't think anybody (sensible) would ever be so ridiculously simplistic as to suggest it wasn't a factor at all.

[ARW]

So the NF do have a policy on this subject. I wondered what it was.

[David.WE.Roberts]

I think this is the bit of the conversation which is relevant.

A post higher up tried to blame all house price rises on buy-to-let.

I pointed out a situation where the figures weren't that favourable - a buy-to-let costing £250k.

A response saying that you can get a yield on 3 * £85k is dodging the issue.

[Tim Streater]

Ah yes I know the problem :-)

Still, notice that no other bugger spotted that.

[Adrian]

Which, in case you want to suggest I'm "dodging" again, I already said was a massive over-simplification to the point of plain wrongness.

Yet somebody else also mentioned a £250k single property giving a very decent yield. So just because _that_ £250k property doesn't work, doesn't mean _no_ £250k property would work.

No, not at all. It's a reply saying that - even notwithstanding that other £250k property - a £250k investment in property can indeed give a very decent return. The very nature of the housing market means that boosting one sector inevitably has a trickle-through effect on other sectors. If somebody's been living in an £85k flat, which is now worth £100k, their cost-to-change to a £125k house suddenly becomes viable. So they take that step up, affecting the values of that sector, making the next step up for the vendor of that house more viable, and so on.

Go and and watch "The Chain". Apart from being a wonderful film, it's a fine demonstration of what should be obvious.

[Mr Fuxit]

If you think back, the Govt. stopped paying HB direct to landlords because so many of them "forgot" to notify them when their tenants moved on and the property was empty.

[Mr Fuxit]

With Freehold values based on Rentable values,and Thatcher's repeal of the Fair Rent Act, property prices were bound to soar.