tag:blogger.com,1999:blog-1141932539860553199.post3821233760862257324..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Home-Owner-Ism: There's always a happy ending.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1141932539860553199.post-86276727066871700742013-02-04T21:44:50.951+00:002013-02-04T21:44:50.951+00:00MW as property values are declining he's losin...MW as property values are declining he's losing money - total return = capital gain / loss + rent. Mind you if he holds the thing for long enough that all evens out owing to inflation...Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-48356450294873632382013-02-04T21:41:33.629+00:002013-02-04T21:41:33.629+00:00G, that does seem an exceptionally high rent for a...G, that does seem an exceptionally high rent for a £70,000 home, but perhaps he's getting Housing Benefit.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-72658886832930320172013-02-04T21:40:44.652+00:002013-02-04T21:40:44.652+00:00unless it is the local authority / crap buyerunless it is the local authority / crap buyerGraemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-83076184326590400592013-02-04T21:40:07.405+00:002013-02-04T21:40:07.405+00:00he is really renting out a place in Cheshire for £...he is really renting out a place in Cheshire for £550 per month. Tell it to the fairies.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-16173236770425543742013-02-04T19:15:52.319+00:002013-02-04T19:15:52.319+00:00FT, I think so.
BE, yes, nequity is Home-Owner-Is...FT, I think so.<br /><br />BE, yes, nequity is Home-Owner-Ism's secret weapon for reinforcing itself :-) <br /><br />B, I'd guess he's spending the profit on paying off the mortgage at his new place. <br /><br />L, with a monthly profit of £400, he looks pretty safe for now.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-54501659817787062252013-02-04T16:27:38.945+00:002013-02-04T16:27:38.945+00:00Bayard - Quite. Single property rentiers are risk...Bayard - Quite. Single property rentiers are risky becauee of void periods. I reckon thye can lose about 1 month / per annum on average, although for reasons other posters have made the rental market is bouyant. Plus he's caught for repairs and insurance.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-21483930366325818552013-02-04T15:53:46.340+00:002013-02-04T15:53:46.340+00:00BE, well, he's not saying "and I can affo...BE, well, he's not saying "and I can afford to pay down the capital as well" and if he's not doing that he's going to get a below inflation rate of interest on the money.<br /><br />Lola, he'll be f****d, too if he's not putting money aside for when his tenants decide to up sticks. Maybe he'd get another one as quickly, maybe he won't.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-57313107718867000922013-02-04T15:47:58.858+00:002013-02-04T15:47:58.858+00:00We aren't told what he's doing with the sp...We aren't told what he's doing with the spare capital. That's his look-out.<br /><br />The strong rental market and weak sales market are linked. People in negative equity who don't have to move aren't selling to those who would buy at a knock-down price.<br /><br />I will be in the same position at some point. I can't afford to sell my flat until the next big bubble is just about to pop. So I'll rent it out when I decide to move on. Which means that the eager first time buyer won't get a chance for a while.<br /><br />BEOld BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-19884044623916998052013-02-04T14:54:23.027+00:002013-02-04T14:54:23.027+00:00FT - yep. Unless he's making capital repaymen...FT - yep. Unless he's making capital repayment he'll be f****d when interest rates rise - unless he's on a full term tracker at a very low spread...Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-54442491071332543172013-02-04T14:25:49.848+00:002013-02-04T14:25:49.848+00:00Am I reading that aright? It still it doesn't ...Am I reading that aright? It still it doesn't occur to them to make capital payments as well out of the rental receipts? Fuckwits. <br /><br />I know there's an argument about not paying back debt which is cheaper than inflation, but if you're under water, upwards is a good direction to swim in.Anonymousnoreply@blogger.com