tag:blogger.com,1999:blog-1141932539860553199.post8939605612785914976..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: World's tiniest violinMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1141932539860553199.post-72804543565397320172020-05-01T13:37:41.665+01:002020-05-01T13:37:41.665+01:00M, all surpluses go to rent, all deficits come out...M, all surpluses go to rent, all deficits come out of rent :-)Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-89723357712613419322020-05-01T12:59:23.549+01:002020-05-01T12:59:23.549+01:00BTL has been such a profitable endeavour for so lo...BTL has been such a profitable endeavour for so long because you have a captive audience of people who have to participate in the market (you're not allowed to build your own home and the supply of at cost (council) housing is shrinking). But that means that you are utterly dependent on this captive audience. Not having to compete with anyone (you can't rent a good value Scunthorpe home in London) has the downside that you can't move into other markets if things sour. mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-55527841416793450622020-05-01T12:17:05.381+01:002020-05-01T12:17:05.381+01:00RT, see Lola's reply
L, excellent, thanks!RT, see Lola's reply<br /><br />L, excellent, thanks!Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-88985408746686099272020-05-01T12:11:57.749+01:002020-05-01T12:11:57.749+01:00First three comments...
James Smith
29 Apr 2020 8...First three comments...<br /><br />James Smith<br />29 Apr 2020 8:34AM<br /><br />So he had a monthly income of over £20,000. I don’t think there’s a nano-violin small enough.<br />Flag<br />108Like<br />Reply<br />Paul Wallace<br />29 Apr 2020 8:08AM<br /><br />Its hard to feel sorry for someone with 23 properties who you wouldn't have heard anything from if things were going well. <br /><br />I laugh when i remember the times people have said to me 'dont bother putting money into a pension you need to buy property, thats where the money is'. It seems property is just as much as a risk as pensions and the stock market. <br /><br /><br />Flag<br />105Like<br />Reply<br />James Williams<br />29 Apr 2020 8:23AM<br /><br />I agree with you. And what is with all these “pensioners” buying BTLs to “provide their pension”. Are they insane? That was always horribly risky. Pensions should be based on a diversified portfolio with a large element of guaranteed income. Lots of good will come out of this crisis, and destroying “get rich quick” BTL will be one of them<br /><br /><br />Looks like there might be a slight glimmer of a very small light at the end of a very long tunnel a long way in the distance.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-88966932797772853512020-05-01T09:57:56.043+01:002020-05-01T09:57:56.043+01:00They won't let people comment without a subscr...They won't let people comment without a subscription anymore. But I won't subscribe as I don't want to fund a landlordism publication. So they will get fewer contradictory opinions and it will just become an echo chamber there.<br /><br />No worse than The Times though I suppose which has been subscription-only forever.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.com