meow

Just be patient.

Oh I am being

Amongst the many BTL collectors will be many forced sellers within 2-3 years

Nothing seems to be triggering it yet though, I expect there are a lot of people with bated breath for your views on today's BDEV and Redrow movements

Okay.

But there are more than 900 houses in the Uk.

 

And the ultimate effect may be that prices of house in his area will be relatively depressed

over the 2-4 years he is selling down

Yes, but his attitude and actions are hardly uncommon

p.s. my post was a bit tongue in cheek

900 Houses?

Whichever, That's a serious number. I found 10 Flats was more than I wanted.

 

"People want to live in houses... not flats," he says.

"Only poor people live in flats."

"Flats don't have the ability to increase in value, as houses do."

"At similar rents, people will take a house over a flat."

"There seem to be cycles every 17 years."

"In the mid-1990's there was a shortage of flats, and now there is a surplus."

"A professional landlord makes his money out of the surplus of rents over mortgage payments."

 

"We didnt really put in much money at all."

"We bought at auction, and by the time we had to pay, (the valuation was high enough to allow

us to borrow all the money from the bank)"

This interview truly sickens me.

I wonder what would happen if a load of 20 somethings banded together and every weekend bought every FT and Telegraph from every newspaper stand, then bought all the wine from m&s, bought all the pipe tobbaco from the newsagents and blockaded Golf clubs, I imagine it would getting mildly annoying after a while and we'd have lots of disgruntled middle age people reading the news of the world, drinking asda wine, smoking ciggies and watching footy... oh wait, no we wouldn't.

Weird, I just clicked through a couple of graphs off of Goldfinger's sig. And I found this one which seems interesting...

http://gold.approximity.com/HP_UK_in_gold_1973.PNG

It's almost as if it's closley mirroring the price graph in GBP but 2 years ahead, in which case the dead cat in the GBP graph would land at the end of Q4 09 and then plummet nearly 50%.

Hmm... Or am I just reading it wrong / mad.... ?